LioTrade Scam

LioTrade (liotrade.com) claims itself as a Trading platform which supports Trial, Bronze, Silver, Gold, Platinum, Diamond accounts with a minimum deposit of $250 for trail account. LioTrade has recently raised red flags due to warnings issued by FCA and recent scam reports.

On 14th June of 2024, The FCA (Financial Conduct Authority) in news article on their website clearly mentioned “This firm may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams.” These warnings raise serious concerns about the LioTrade’s regulation status.

LioTrade is providing no contact information on their website which is highly suspicious. LioTrade has no office or address in United Kingdom yet they are havily running ads in UK. For any Trading entity to run business in UK must get authorization and need to be regualated by FCA which they are missing and also got an warning.

Upon further investigation we also found that the domain liotrade.com is reregistered using USA company information but in they are doing business in UK which is totally contradictory. We also got several reports of fraudulent activities thoroughout our investigation and there are many more reports on verified reviews websites.

After Analyzing recent cases and all the facts we have come to conclusions that LioTrade poses a significant risk to investors funds. We at Nathan Reclaim LLC categorizes LioTrade as a “Scam” Company. If you have “Scammed” by LioTrade please contact us as soon as possible so that we can help you to take necessary steps and recover your funds.

We highly recommend our clients and everyone to choose brokers with proper regulation & transparency to keep themselves safe from potential financial losses.