LiraFX broker is a scam that we exposed. Since there have been so many scheme firms recently and distinguishing has become difficult, we want to clarify why we believe that this particular company is fraudulent. Read our LiraFX review. You will understand it right away.
But firstly, we want to invite you to read our recently updated QTeck, TraderCryptoX and COTPS scam broker reviews. Your funds are in danger with them!
|Broker Status:||Unregulated Scam Broker|
|Broker Regulation:||Unlicensed Forex Provider / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Mobile Trading:||Available via Web Browser|
|CFD Trading:||Yes, you can trade CFDs|
|Trading Instruments:||Forex / Cryptos / Commodities / Indices / Shares|
|Islamic Account:||Not Available|
|Demo Account:||No, only live trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Team:||Don’t Invest in This Scam Broker!|
Is LiraFX a Scam Broker?
LiraFX presents itself as a brokerage with years of experience and thousands of clients. Furthermore, the broker claims to be based in Belgium, holding licenses by EUSEB and GRESEC. However, none of this is true. To provide financial services from Belgium, brokers must have an FSMA license. And LiraFX has never obtained one.
The broker vaguely suggests that the governing law is UK law in the Terms and Conditions. Yet, we haven’t seen LiraFX regulation with the FCA.
Don’t trust anything you see on the website or hear from the LiraFX Forex broker. It’s just a way to scam you.
LiraFX is a scam broker. The company did not disclose basic information such as the owner and the license. It claims to operate under the UK law, but there’s no FCA approval.
False Trade License Claims – This is 100% Scammer
As mentioned, this firm claims to be regulated by EUSEB and GRESEC. EUSEB stands for European Security Exchange Brokerage, and it’s nothing but a register. It’s not a legitimate license provider, and it’s not a regulator. It’s a register containing the names of companies and giving them a random registration number.
GRESEC, on the other hand, doesn’t exist, and there’s no website under the domain gresec.eu.
Where Is LiraFX Trading Scam Active?
While the EUSEB register claims that LiraFX is a firm registered in 2018, the domain has been active since February 2022. It’s just another lie that this firm tried to sell. The LiraFX trading scam is mainly active in:
LiraFX Support – Luring You Into a Scam
If you wondered how you got scammed, the answer is the LiraFX support team. These people are well-trained to tell you everything you want to hear and make you invest with the firm. After you make the initial deposit, you will be transferred to the account manager who will continue the fraud.
This person will make all kinds of financial plans and ask you for more money each week. Their job is to ensure that you keep investing and to dissuade you from withdrawals any way they can, even by blocking your investment account.
LiraFX WebTrader Platform
LiraFX trading platform is quite confusing. The main page suggests that the firm offers WebTrader. However, there’s a claim that this WebTrader can be connected to any MT4 or cTrader for social trading services. Yet, we found no link to a WebTrader or any other trading software.
Therefore, we’re unsure if this firm provides you with the platform at all or just lures you into investing so that they can steal your initial deposit.
What Trading Assets Does LiraFX Offer?
According to its website, the broker LiraFX offers trading in:
- Currency pairs – EUR/USD, USD/CAD, AUD/USD
- Commodities – crude oil, gold, natural gas
- Indices – DAX30, NIKKEI225, CAC40
- Shares – Samsung, Tesla, Apple
- Cryptocurrencies – BTC, ETH, ADA
If you experience something like this, report it immediately. In addition, we recommend that you avoid unregulated brokers, such as NFT FX, Brokeragea or Globalix.
Can I Trade With a LiraFX Demo Account?
There’s no LiraFX Demo account. It practically means you will have to invest your funds to test the platform and do it at your own risk. While LiraFX’s minimum deposit is pretty standard, standing at $250, we don’t see any reason to risk even a penny.
We have already proved that this firm is illicit and that there’s nothing for you to test. Instead, better find yourself a legitimate investment firm.
How To Withdraw Money From LiraFX?
LiraFX accepts the following payment methods:
- Debit/credit cards
- Wire transfer
However, the payment processor is rather odd, and we’ve never heard of it. Thus, we wouldn’t recommend you test the deposit whatsoever.
The company charges 1 EUR for Visa transfers, while there are costs for Skill and Neteller, payment methods that are not even an option. On the other hand, there are no costs for MasterCard or wire transfer withdrawals.
All this shows us that LiraFX is unreliable Forex and CFD trading provider and that you should avoid it by all means.
Did LiraFX.com Scam You? – Do Not Give Up
If you fall victim to the LiraFX scam, let us know. Our chargeback experts will help you file a dispute and get your money back. Global Fraud Protection has vast experience dealing with scammers and we will be more than glad to look into your case.
Book a free consultation with our specialists, and let’s find the best recovery method for you. Note that time is of utmost importance, and we must act quickly before this firm vanishes.
All In All, Don’t Let the Scammers Get Away for Free!
What Is LiraFX, and Should I Invest Money In It?
LiraFX is an online Forex and CFD provider without a license. If you end up scammed and cannot get a withdrawal, don’t hesitate to contact us for assistance.
Does LiraFX Offer a Demo Account?
No, LiraFX broker doesn’t offer a Demo account, only a Live one.
What Is the LiraFX Minimum Deposit?
LiraFX broker requires a minimum deposit of $250 to start trading.
Can I Trade Cryptos and CFDs With LiraFX Broker?
You can trade both crypto and CFDs with LiraFX, but we advise against it.
We hope you enjoyed reading our LiraFX review. We would love to hear your feedback and maybe you have your own LiraFX review that you want to share. If you would like to share your review with us, please contact us. Thanks for reading and we hope you liked our LiraFX review.