ALERT | Litsfxtrades21 Review: Is it Legit or a Scam

LitsFXTrade Logo
1.4
Rated 1.4 out of 5
Scam Company
1.4 out of 5 stars (based on 7 reviews)

LITSFXTRADES21 INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
Litsfxtrades21
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
56 Burnley St, Richmond VIC 3121, Australia
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
+44 7506 017245 (UK)
CONTACT EMAIL:
support@litsfxtrades21.com (Unverified)
WEBSITE URL:
https://litsfxtrades21.com/
WEBSITE IP:
162.0.215.12
IP COUNTRY:
US
DOMAIN CREATION DATE:
2022-06-06
HOSTING:
Namecheap Inc.

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What is Litsfxtrades21 About?

Litsfxtrades21 is an offshore broker that claims to help you with cryptocurrencies and other online investments. This company is about a lot of profits.

What is Litsfxtrades21 Offering to the Clients?

Litsfxtrades21 claims to offer the best investment schemes for people looking to invest their money in cryptocurrencies. This company also claims to provide you with the best profits in the markets and easy to use interface with approachable schemes for everyone. This offshore broker claims to be legitimate and authentic. 

The reality is, however, that this broker is fraudulent and is stealing hard-earned money from people.

Read this Litsfxtrades21 review further to know how.

litsfxtrade Investment Plans

Is Litsfxtrades21 Legit or a Scam?

Despite presenting itself as a trustworthy broker, Litsfxtrades21 actually has very different objectives.

This dishonest broker, who is on the list of forex trading scams, is still in business. If you’re clueless, this dishonest broker will rob you and make you angry.

This company, which mostly operates as an unlicensed offshore broker, offers promises about enhancing your financial situation. Unlicensed brokers, such as Litsfxtrades21, typically maintain a low profile and have the flexibility to vanish at any time without prior notice.

There is a $250 USD minimum “investment.” You could open an account and begin trading with nearly any regulated broker in the world for that sum. Many reputable companies offer Micro accounts with even fewer opening deposits.

In addition, there are three options available when we enter Litsfxtrades21’s deposit menu: Skrill, Bitcoin, and Ethereum. The last choice, however, results in an error notice. One of the hallmarks of financial fraud is the exclusivity of cryptocurrency as a payment option. Since cryptocurrency transactions are not subject to refunds, scammers favor them.

Transaction fees are a rarity with trustworthy brokers. However, Litsfxtrades21 levies excessive fees: 1 USD plus 1% for deposits and 25 USD plus 2.25% for withdrawals. 

True forex brokers also provide a selection of trading account kinds that are geared to the requirements of customers with various levels of money and investment goals. Additionally, the trading characteristics – leverage, spread, commissions, order execution technique, etc. – are clearly and completely disclosed by these brokers. On the Litsfxtrades21 website, this is another thing that is lacking. Instead, we discovered a list of investments in cryptocurrency mining, which has nothing to do with the operations that Litsfxtrades21 claimed to be engaged in.

litsfxtrade21 FCA

Is Litsfxtrades21 Licensed?

According to the broker, the Australian Securities and Investments Commission regulates brokers in Australia (ASIC). We attempted to search the ASIC registry, but in vain—neither a firm nor a broker going by the name of Litsfxtrades21 could be discovered there.

Litsfxtrades21 may be offering financial services or goods in the UK without FCA’s consent, according to FCA. The FCA has not authorized Litsfxtrades21, which targets UK residents. You won’t likely get your money back if something goes wrong because clients won’t have access to the Financial Ombudsman Service or be covered by the Financial Services Compensation Scheme (FSCS).

So, is  Litsfxtrades21 a scam?

Litsfxtrades21 Opinions on Review Sites, Social Media & Contact Information

To be honest, we haven’t found any reviews that corroborate Litsfxtrades21’s claims made on the sales page.

We scoured the internet for positive testimonials and customer feedback but were unsuccessful. This even explains why the company hides important information from investors.

Another warning sign is the fact that the main page offers a US address but a UK area code phone number.

Wondering if can Litsfxtrades21 be trusted. We say hell no!

Comparing Litsfxtrades21 to Well-Established Companies

While Litsfxtrades21 draws new customers with its simple one-click interface, Binance offers a complex trading platform that is suited for active traders.

Binance offers more than 600 coins and has lower transaction fees (0.1% at most). It is ideal for day traders who utilize technical analysis due to the variety of charting options and technical indicators (TA). 

The fact that Binance supports both spot trade and margin trading is a significant distinction (opening a long or short position on leverage). The Binance Link Program enables corporate clients to grow their businesses using Binance technology and create income from trading fees by exploiting Binance’s liquidity and market depth.

Do you suspect that someone had scammed you?

If you have any suspicion of a scam or phishing attack, then you can rely on EZChargeback to help you with protection, mitigation, and fund recovery

You will feel safe knowing that experts with years of experience will be guiding you!

How to Get Your Money Back if You Were Scammed by Litsfxtrades21?

By this  Litsfxtrades21 review, we have warned you to not invest your money with this broker. Your money is not secure on Litsfxtrades21 due to a lack of information and restrictions.

With uncontrolled investing firms, there is a severe issue with the security of funds. We discovered a red flag on Equitixincome.com that hides crucial information from users. Litsfxtrades21 has no publicly available banking information, so it is free to declare bankruptcy whenever it wants. However, we are here to give you advice on what to do in this situation.

The internet is plenty of tips on how to choose a trustworthy broker and spot a scam, but there isn’t much information on how to get your money back if you fall for one. Due to the large number of victims of fraud, there are actually a lot of websites and authors who assess FX brokers. Understanding how to recover stolen funds is essential because fraud occurs not just in the FX market but also in other financial industries.

Law enforcement could undoubtedly identify the broker because many FX brokers in the UK only use their Companies House registration number to conduct business. Police have even entered broker offices during certain earlier scams to seize the perpetrators.

All of the aforementioned rules mandate that institutions participate in the FX market, but there is still another method to go about it: enlist the aid of a money recovery agency. I advise you to think about Ez Chargeback.

Ez Chargeback’s staff is available around-the-clock and has helped clients from all over the world recover thousands of dollars. This specialized company is dedicated to helping customers recover money lost online.

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!

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