LioTrade Review – Taking and Pocketing the Lion’s Share of Your Money

The moment you start searching for any information about this brokerage, you will be showered with various warnings. Literally every search result will pop out at you shouting, “Stop! Don’t throw your money away!”

How did this fraudulent circle manage to get so much attention from so many sources? Find out more about this and lost fund recovery in our LioTrade review.

Broker status:	Unregulated Broker
Regulated by:	No license
Operating Status:	Active online trading sham
Known Websites:	liotrade.com
Blacklisted as a Scam by:	FCA, IOSCO, CBR
Owner:	LioTrade Ltd
Headquarters Country:	SVG / Poland
Foundation Year:	2023
Online Trading Platforms:	WebTrader
Mobile Trading:	No
Minimum Deposit:	$250
Deposit Bonus:	Hinted, undisclosed
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Available – BTC, ETH, XRP
Available Trading Instruments:	Forex, Crypto, Commodities, Indices, Shares
Maximum Leverage:	1:400
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Steer clear of this unscrupulous online trading platform!

An Unlawful Brokerage

One look at the website in question raises doubts about the legitimacy of the LioTrade broker. While the firm claims to be operating out of Saint Vincent and the Grenadines, they’re not even registered by SVGFSA. Furthermore, legal documents reveal that Polish courts have exclusive jurisdiction in dispute solving, yet the company is not supervised by KNF.

Lastly, while making sure if the company is regulated at all, we looked through various registers of licensed entities and only found warnings issued by FCA, CBR and IOSCO.

All of this is proof of the firm’s illicit brokerage activities, which is why you should avoid investing here. While at it, please take a look at our Pyroworld review to find out about more fraudulent tactics.

Selling Lies and Deception

Fraudsters constantly conceive new ways to mislead their potential victims. The most powerful weapon in their arsenal, however, remains deception. That’s why online frauds like this one and Eronto employ talented young individuals to do their dirty work.

We call these employees boiler room agents, and their job is to find new marks, usually by phone, and persuade them to invest. They introduce themselves as finance experts, offering an excellent business opportunity.

One of the main mechanisms at work is the tiered LioTrade login account structure. Company agents will constantly pester their victims to deposit more, quoting one benefit or another. Of course, the funds only end up stolen in the end.

Not Picky About Victims

At the moment of writing this liotrade.com review, the website is a bit more than a year old, which explains why there aren’t many LioTrade reviews. The domain was created in March 2023 and directed at users from these nations:

• United Kingdom
• Italy
• Bulgaria
• Australia
• Greece

These sorts of con schemes rarely last a year or two, and with the regulatory action piling up, it’s only a matter of time before the swindlers pull the plug. You need to act quickly if you wish to get your stolen money back! Contact our experts as soon as possible to start a recovery process.

App Only Mimics Trading

All this broker-dealer offers in terms of trading technology and tools is a simple and barely responsive LioTrade platform in the form of a web trader.

This suspiciously functional terminal can’t be relied upon to provide deep market insight, analytical tools, or other advanced features. You can only watch the price movements and decide when to open and close positions. Aside from the buy and sell buttons, you can only use basic customization tools.

Most Common Products

There is nothing particularly astonishing about the broker’s choice of tradable assets on this platform. The web presentation doesn’t even offer insight into available instruments. From what we saw inside the web trader, these are the tradable groups of assets provided:

• Forex – EUR/USD, USD/GBP, USD/CAD
• Commodities – Cotton, Sugar, Oil
• Crypto – BTC, ETH, TRX
• Shares – Gazprom, Xiaomi, Sony
• Indices – UK100, JPN225, FRA40

Packages for Sale

Several overpriced LioTrade account types don’t feature anything that would justify the ridiculous price tags. Leverage increases with the deposit requirement, pips are allegedly lower, and account managers get involved.

Other features included in the most expensive account options are signals and education. Once you take a look at the prices, you won’t be eager to invest anymore:

• Trial – $250
• Bronze – $5.000
• Silver – $25.000
• Gold – $100.000
• Platinum – $250.000
• Diamond – $1.000.000

Not a Single Fee is Revealed

The website only ever clarifies the increasing leverage ratio and the maximum of 1:400 being available. Starting pips are set to 2.5 for the cheapest account, while the most expensive one includes spreads of just 0.4 pips.

There’s no mention of other costs, but the legal papers do clarify that the company charges brokerage commissions, inactivity fees, and other taxes. Unfortunately, none of these are shown, which is something fraudulent portals tend to do. Deposit and withdrawal fees are allegedly not charged, but you shouldn’t believe such statements coming from blacklisted entities.

Suspicious Funding Methods

The LioTrade withdrawal policy contains some interesting clauses. For starters, the company says that payouts happen within 7-10 business days and that it will pay any credit card or bank wire fees itself.

It’s too bad that these payout methods are not actually available. The only channel this would-be broker accepts for any payments are direct crypto transfers. The dashboard even requires the clients to post their wallet address, which opens a whole new can of worms.

This is done in order to conceal the income from the relevant authorities, but also to make the fund recipient anonymous. Still, there is a way to recover the stolen coins, so contact our experts at your discretion.

Report Fraud to Us!

Whether you wish to share the particularities of your experience with this unlawful brokerage firm or you wish to get your money back, you’re in the right place! Our chargeback experts and recovery professionals are extremely skilled and experienced when it comes to getting money back from financial swindlers.

All you have to do is book your free consultation and our legal specialists will do everything in their power to help you get back what is rightfully yours.