Lescovex.com is an online trading platform that claims to provide a wide range of financial services to its clients. The company has been operating in the market for a few years now, and it has been attracting a lot of attention. However, the platform has been accused of being a scam broker by many traders, and the company’s reputation has been tarnished. In this article, we will review Lescovex.com, and we will provide an honest opinion about the company’s services.
Company Overview:
|
Broker Name |
Lexcovex |
|
Website |
https://lexcoves.com |
|
Location |
Calle Albasanz 15, 28037 Madrid, Spain |
|
|
support@lescovex.com |
Team:
The team behind Lescovex.com is not mentioned on their website. There is no information about the company’s management, which is a red flag for many traders. Trustworthy brokers usually provide detailed information about their team, but Lescovex.com fails to do so.
Services or Products:
Lescovex.com claims to offer a wide range of financial services to its clients, including forex trading, cryptocurrency trading, and CFD trading. However, the company’s website does not provide enough information about its services, which is a major concern for traders.
Trading Platforms
Lescovex.com offers its clients the MetaTrader 4 trading platform, which is a popular platform among traders. The platform is known for its user-friendly interface and advanced trading tools. However, Lescovex.com does not offer any other trading platforms, which limits the options available to traders.
License and Regulations:
License Status:
Lescovex.com is not regulated by any financial authority. The company claims to be registered in Spain, but it is not licensed by the Spanish financial regulator, which is a major concern for traders.
Regulation Status:
The fact that Lescovex.com is not regulated by any financial authority is a red flag for traders. Regulated brokers are required to follow strict guidelines and regulations, which provide traders with protection against fraud and malpractice. The fact that Lescovex.com is not regulated means that traders are exposed to a high level of risk.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because they are not required to follow any regulations or guidelines. Unlicensed brokers are not accountable to any financial authority, which means that they can engage in fraudulent activities without any consequences. In addition, unlicensed brokers do not offer any protection to their clients, which means that traders are exposed to a high level of risk.
Legal Warnings Against Lescovex.com:
Lescovex.com has been warned by several financial authorities around the world. The Spanish financial regulator has warned traders against dealing with Lescovex.com, stating that the company is not authorized to provide financial services in Spain. In addition, the Financial Services Commission of Mauritius has also issued a warning against Lescovex.com, stating that the company is not licensed by the regulator.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback About Lescovex.com:
About Trading:
Many traders have reported that they have experienced issues with trading on Lescovex.com. Some traders have reported that their trades were not executed properly, while others have reported that their accounts were frozen without any explanation.
About Customer Service:
Many traders have also reported issues with Lescovex.com’s customer service. Traders have reported that the company’s customer service is unresponsive and unhelpful. In addition, many traders have reported that the company’s customer service is difficult to reach, which is a major concern.
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by Lescovex.com, FXfarmupdate can help you. We will provide you with a free consultation. Also, we will give you some good service recommendations.
Final Thoughts
Lescovex.com is a platform that should be approached with caution. The fact that the company is not regulated and has received legal warnings from financial authorities is a major red flag. In addition, the lack of information about the company’s team and services is concerning. Traders should always do their due diligence and research before investing with any broker to avoid falling victim to scams. If you have been scammed by Lescovex.com or any other broker, seeking help from a trusted organization like FX Farm Update can help you recover your losses and get back on track.
