ANSWER Lyraten appears to be illegitimate.Lyraten does not disclose any details regarding its regulatory status. This lack of transparency is a significant indicator of potential scam activity, suggesting that it may not comply with the necessary regulations to obtain the required licenses. It has listed a phone number in Sweden as its hotline, which prompted us to search for it in the records of Sweden's financial regulator, Finansinspektionen (FI). However, no matching records were found. Moreover, it is illegally targeting British citizens without authorization from the Financial Conduct Authority (FCA). As a result, the FCA has issued a warning against Lyraten and added it to its warning list to protect its citizens from potential scams.Therefore, Lyraten has been proven to be a fraudulent platform, and trading with it could lead to fraud and identity theft. To safeguard their interests, investors are advised to avoid Lyraten and instead opt for brokers that are fully regulated and have excellent reputations.
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