LloydFx does not reveal any reasons why you should think that your money is safe with the company. They do showcase a wanting level of transparency, and your money may easily end up in the wrong hands.
LloydFx is an offshore broker that looks forward to generating profits for you through thorough market data analysis. They also claim that through industry experts, you explore the trading world and attain massive profits.
However, do not be so quick to make any deposit yet because the company has a shady method of operation, and you will lose all your money. They showcase several red flags that should only prevent you from making any deposit with them to expect profits. Also, no expert traders would deposit a single dime, and you should not waste your time with the company.
Meanwhile, through these reliable forex brokers, you will attain sensible profits and gain pleasing trade experience. They apply tried and tested techniques that will work to attract profits. Also, because the market faces high volatility, there are risk measures to curb losses during market shifts, unlike LloydFx. Users can access the services they offer by downloading the software on android and iOS devices.
The company provides; forex, indices, bonds, and commodities investment, among other assets. However, how they operate is the main concern, and they expose a lot of murkiness. For instance, the sales page is poorly done, and even a five-year-old would have designed the platform better.
Lloydfx.com claims to work with industry experts who help in acquiring market data and boosting returns. However, there is no data of their qualifications or employees that shows you are dealing with legit people who fully understand the market. LloydFx team of employees is anonymous, raising even more doubts about the services they promise customers. Accordingly, there is no guarantee that the software they have created will generate profits your way.
LloydFx gives you tight spreads from 01, and the algorithm that the software uses is unknown. There is no demo account that you can use to test the credibility of the software. Trading is not child’s play, and you should fully understand how the trading world works before deciding to invest real money. They claim that the software is capable of fast trade executions up to 3ms. However, you risk purchasing a trade tool that will barely benefit you profitably.
Automated trading tools are highly preferable to humans since they do not mix emotions with trading. They claim to have the best trade perspectives, yet they do not have any reliable methods to generate pleasing returns.
How LloydFx.com Operates
LloydFx does not seem to have any special trade techniques that help them stand out from competitors in the market. The company has a shady method of operation, and they expose so many scam traits that should only warn you against taking any steps with their trades. The trading world faces vast competition, and you may come across massive losses when you blindly invest. LloydFx does not have any reliable methods, and no trading activities are going on in the company. Accordingly, to affirm that customers are making profits, you should find past trade data for at least three months or more.
LloydFx does not reveal any information about the founders, and you may end up relying on people who have no experience at all in the trading world. Also, scammers tend to all use a similar style of operation, and Lloydfx.com will not operate any differently. They use attractive returns and bonuses but only as bait to lure you into making a deposit. Thus once you make the anonymous founders rich, they prevent any communication between you and them.
LloydFx does not reveal any trading platform its software uses, such as MetaTrader 4 and 5, which are very stable for trading. The company does not have any testimonials, yet they brag about making multiple traders rich through their unknown investment traits.
LloydFx Funds Safety
LloydFx does not reveal any reasons why you should think that your money is safe with the company. They do showcase a wanting level of transparency, and your money may easily end up in the wrong hands. Nevertheless, the safety of your funds should always be a priority, and any murkiness should prevent you from going any further. Apparently, LloydFx shows so many red flags, and when you make a deposit, the only beneficiaries are the anonymous people behind the entity.
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LloydFx anonymous team of employees might actually be keeping money in personal accounts as you await never coming profits. They do not reveal any banking information to confirm that your money is indeed in safe hands. LloydFx does not have any transactions that show customers can freely move funds in the company. Your money is not safe, and you also risk sharing personal data with criminals.
Deposit and Withdrawals
LloydFx does not reveal to its customers what is the minimum amount that you can deposit. They also do not mention any deposit methods that you can use to fund your account. In addition, wire transfer and cryptocurrency are irreversible once you make a deposit. So it would help if you always went for credit/ debit payment options. You can request a chargeback up to 540 days from the deposit date.
LloydFx does not have a refund policy that allows you to reclaim your money when you are not satisfied with the services they offer. They do not reveal any data proving you can easily access your funds, which is a major red flag. Moreover, you should always have instant access to your money upon successful trading. LloydFx will likely charge you hidden fees on your withdrawal requests.
LloydFx features a location address; 209 St Anns, Barking, Essex, IG117AB. However, during our research, it turns out that the company has no association with the location information that they provide. The data has been made up to seem like they have a head office. Hence there is no guarantee that you will receive any response to your query. Accordingly, you should always receive an instant response or in due time.
LloydFx will only provide support for you until you make a deposit. Even so, they have email; firstname.lastname@example.org and telephone contact +441133308756. There is no friendly user interface since, without reliable support, you can barely trust the company. Working customer support is beneficial in boosting more trust between the company and the customer.
LloydFx Regulation and Registration
LloydFx purports its location to be in the UK. However, the main regulator within the same region is FCA, and they do not recognize the company or any services they offer. Also, they are not under any legit regulator, and they are illegally generating funds from the public. Unregulated brokers barely survive in the market for long. Therefore since scammers like LloydFx can barely afford to pay regulation fees, they either use false data or registration in place of regulation.
Thus you should always be capable of telling the difference between the two. Also, regulated forex brokers list in the market for a long, and you can count on them for reasonable profits. Also, you can easily find and verify similar data that they showcase with ease. LloydFx founders risk facing criminal charges, and this explains why similar data is hidden from customers.
LloydFx does not have any reliable trade methods to help them beat the competition in the market. They do not reveal any regulation information, and they have no past trade data to help determine the results you should expect from them.
Therefore you should stay away from the company, and any service they promise you are just an attempt to swindle your funds. Thus you can opt to trade with these reliable forex brokers and attain pleasing results while you enjoy the trade experience.