Please let me know if Lebway is regulated and if my money will be protected by the law in case of corporate insolvency. Thanks.

https://www.lebwayz.com

Lebway is an UNREGULATED forex broker claiming to be a Forex, commodity and cryptocurrency broker operated by LEBWAY WEALTH LTD, and according to its website Lebway has applied for the relevant compliance licenses and permits issued by the Australian Securities & Investments Commission (ASIC) and Dubai DMCC. However, none of the mentioned licenses have been received by the broker and DMCC is merely a free zone for trading rather than a financial regulator that approves licenses for brokers to provide financial services.

This broker also claims that they have acquired Ausinvest Mauritus ltd which is regulated by the Mauritius Financial Services Commission (FSC). However, the alleged acquired company is not under valid regulation as there is no such match in the FSC's register.

As per the evidences above, our final conclusion is that Lebway is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.