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litrofxmarket

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Litrofxmarket seems to be a scam, they didn't give me the promised returns, even my deposit.
Bernie Cachinga
Cameroon
Apr 23, 2024
ANSWER LitroFxMarket appears to be a scam.There are three red flags. First, the website's establishment in June 2022 contradicts its assertion of being founded in 2016. This inconsistency casts doubt on the company's credibility.Second, the promise of an exceedingly high Return on Investment (ROI) is a common tactic employed by scammers. It's crucial to understand that no broker or trading platform can guarantee a specific ROI due to the significant risk involved, market conditions, the trader's skill level, among other factors.Third, despite the broker's claims of being US-based and offering financial services in trading cryptocurrencies, forex pairs, and other assets, there's no evidence of it being registered with the Securities and Exchange Commission (SEC) or the National Futures Association (NFA). This suggests it's operating in the US without any oversight.Even more concerning, we've discovered a warning issued by the Financial Commission, identifying LitroFxMarket as a scam. This serves as compelling evidence of the broker's illegitimacy.Therefore, engaging with LitroFxMarket is risky. Dealing with this unregulated broker could result in financial losses. To avoid potential fraud and identity theft, it's recommended to steer clear of LitroFxMarket.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.