LDN Global Market Review – Is Investing in LDN Global Market Safe?
In this detailed LDN Global Market review, we will uncover the red flags, and types of scams associated with LDN Global Market Broker, and guide how to recover lost funds.
About LDN Global Market
Company Name – LDN Global Market
LDN Global Market Website – https://ldnglobalmarkets.com/
Address – 205, Archbishop Makarios Avenue, Limassol, Cyprus 3030.
Regulatory Warning – NA
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
LDN Global Markets claims to act as a brokerage firm dealing with trading instruments such as forex, stocks, commodities, cryptocurrencies, bonds, and indices. According to the firm, there exist offices in London, Dubai, and Cyprus that are part of a global network and offer clients access to the MetaTrader 5 platform. Well, several aspects have raised doubts about the legitimacy and reliability of the firm.
No License
It is worth mentioning that, irrespective of its claims, the company is not licensed despite having been purportedly regulated by the authority known as the Financial Services Authority (FSA) of St. Vincent and the Grenadines. The FSA, himself, has made startling declarations against forex or alternative brokerage services. It has categorized forex trading and other forms of brokerage activities under non-licensing status and has ensured that any of its agencies supervise such entities. As a result, LDN Global Markets do not have a license from any recognized financial authority, and risk exposure is considerably high for clients.
Warning Signs and High Risk
A few warning signs show that LDN Global Markets is potentially high risk:
- No response from customer support: Clients claim that they find it hard to reach the support team, especially during fund withdrawals.
- Closure of accounts and withdrawal difficulties: There are cases where the broker has frozen accounts and denied withdrawal requests, mostly on the basis of violations without a clear explanation of the terms.
- Offshore registration: The fact that it is registered in St. Vincent and the Grenadines, which is a jurisdiction with minimum regulation of financial entities, raises issues of transparency and accountability for the firm.
Beware! These Scams Are on the Rise
There are different types of scams, and what is more, they have been unified to a very high level so that they target common people at varied venues. Here are common scams you should know about:
It’s possible to create fake profiles, phishing links, or other impersonation tactics aimed at stealing personal data, hacking your accounts, or persuading people to send money.
Scammers promise extremely high returns, and then disappear with the investment process; scams also come in phishing attacks, which target crypto wallets to steal digital assets.
Lure and entice a trader with talk evincing profit and their fantastic trades for unregulated forex brokers and open signal providers, only to manipulate the trades or close access to withdrawals.
These scams entail building a relationship around a victim through dating apps or social media to win the individual’s trust before asking for some funds.
Scammers do run scams on Instagram, Twitter, and TikTok for different purposes. They fabricate investment schemes, phishing links, and identity theft-based tactics.
How Scams Report Can Assist Victims Get Their Funds Back
If LDN Global Market Broker is scamming you then you are not alone. Contact us! Our expert team provides:
- Free Consultation: We analyze your case and advise on the best recovery strategy.
- Chargeback Services: If you paid through a credit card, we assist in initiating chargebacks to reclaim your funds.
- Crypto Recovery: We provide specialized crypto fraud recovery solutions for victims who lost money through digital assets.
About Scams Report
Scams Report is a trusted fraud reporting and fund recovery assistance company dedicated to helping victims of financial scams. It provides expert guidance, chargeback support, and legal assistance to recover lost funds. Additionally, its blog educates users by exposing fraudulent brokers and investment scams, ensuring safer financial decisions for traders worldwide.
All newly invented fraudulent schemes to fool new traders are constantly monitored by us on the Internet. For over a decade, we have been collecting scam-related data, so we do believe in knowing every UNFAIR company operating in the market. Therefore, we have gathered the information regarding the scammers from the List of SCAM Brokers for you.
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Disclaimer: This review is based on online reports and customer complaints. Always research carefully before investing with any broker.
