ANSWER Dear Investor,
LGTrading claims to be regulated by the Mwali International Services Authority (MISA) but displays two license numbers on its website: BFX2024003 and BFX2024145. Our verification through MISA reveals serious inconsistencies:
License BFX2024003 is registered to an entirely different company that operates under the brand name TASS, with no connection to LGTrading.
License BFX2024145 is indeed issued to a company named LGTrading Limited, but MISA’s official register shows that this license is currently suspended, meaning the firm is not authorized to provide financial services at this time.
As a result, LGTrading’s claimed regulatory status is invalid. The platform appears to be using either misleading or outdated licensing information, possibly in an attempt to create a false impression of legitimacy.
Given these red flags, it is highly likely that LGTrading operates without any valid regulatory authorization. We strongly recommend that you avoid depositing funds with this platform to protect yourself from potential fraud or loss.
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