Levendi FX Review: Another (levendifx.com) Scam
Before going any further, we will straight away tell you that Levendi FX is a scam. Once you land on their homepage, you get a message that Levendi Forex is regulated. These are false claims as the broker has no proof of this. There are no documents to prove that this broker complies with trading regulations. We also found other red flags pointing to LevendiFX being a total fraud. Get to learn more in this detailed and vivid LEVENDI FX Review.
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A brief overview of Levendi FX
Once you land on their homepage, you will notice that this is an aesthetically appealing website. It’s easy for you not to note the red flags surrounding this website. We have to give it to these scam artists for coming up with an engaging website.
That’s all they have done; create a compelling website that fools even standard investors. Thanks to our keen eye, we do spot red flags all around the platform.
One of their leading scams is found on their wealth management page. The broker claims to offer wealth management services to investors. There’s a guaranteed return of 24 to 36 percent within one year. Now that’s a promising venture if only the broker were legit.
Those who have tried it out are now ruing the decision. Instead of making consecutive profit margins, the platform is losing money more than we can imagine.
Assets and trading instruments available on LevendiFX
There are three assets available on the platform that don’t include wealth management services. These assets include commodities, forex, and indices. Available trading commodities include crude oil, gold, palladium, precious metals, silver, and more.
The broker claims to have more than 50 trading commodities. One problem is that they fail to inform users on the conditions such as available leverage and spread.
Business proprietor
Levendi Capital Limited is the company depicted as the owner of this platform. We don’t know where the company resides or if they have other offices. What is weird is that the contact page has an Israel country code.
That means that these are brokers who probably use virtual numbers to contact investors. The platform is likely an offshore-based scam entity trying the European and Middle East market.
Comments from users
Henriette Germain is one investor who is now growing tired of the platform. After depositing $3,000 with the platform, she is now trying to withdraw her balance. Despite the broker reaching out and assuring her that her money is safe, something’s not right. Henriette claims that the broker calls asking for more money from her.
That’s the reason she decided to withdraw due to the constant phone calls from these account managers.
Domain history (levendifx.com review)
Would you believe that the broker is over two years old and has no positive reviews? According to domain details, the website went live on October 15, 2019. For all the time they have been trading, no one has posted any positive reviews on them.
It goes to show that the platform does not enjoy any huge gathering. These are offshore brokers trying and using every trick in the book to steal from naïve investors.
Features of Levendi FX
Account details
Levendi FX is offering users a chance to use any of their three accounts. These three accounts include Standard, ECN, and ECN Pro. Standard account holders don’t pay any amount to open an account. The basic account holder must, however, deposit over $1,000 to start trading.
ECN account holders get high leverage of 500:1, which is risky in the event of lost trade. The commission on this account is down to $3.00. ECN Pro account is for institutions and shares the same features as the ECN account.
Contact and support
On their contact page, that’s when we start seeing the anonymity in plain sight. The broker has an Israel phone number and uses a UK address on their Google Map. The broker didn’t think it through when creating their false contact page.
The email is only helpful if you contact them claiming you want to deposit. When sending withdrawal-related emails, the broker will intentionally block access to your account.
Depositing and withdrawing with LevendiFX
Here’s another huge problem with this platform, no one has proof of withdrawing from the platform. The broker might allow depositing using various channels such as bank and wire transfer.
Withdrawing funds with this platform is another headache. For over two years, no one has come out with proof of withdrawing funds from the platform. Henriette is another victim on the growing list of withdrawal claims.
Trading terminal
Despite claims of having MT4 and MT5 trading platforms, there’s a curveball to their trading terminal. Yes, MT4 and MT5 platforms are the best in the industry. Once we click on the download tab, the process is easy and fast.
We start seeing problems when we try installing the web version. It lacks advanced tools and seems to lag, meaning it's slow when placing trades. That’s another concrete reason to stay away from this platform.
Levendi FX License and Registration Status
Levendi FX is a non-compliant regulator that should not be on the list of your online broker. If you look at the disclaimer at the footer of their homepage, they claim to be FCA regulated. We did a thorough check with the FCA and found no broker listed under this name.
It goes to show that the broker will say anything to make their platform appear legit. The broker even has a license number that they post as a valid entry. It’s nothing but random numbers to fool unsuspecting investors.
Throughout their claims of having a valid license, there are no copies of the certificates. We expect a legit broker to post copies of their valid certificate for all to see. It makes trading easy and safer when a broker is fair and transparent.
LevendiFX is far from being legit, and they are just professional con artists. Please stay away from them and ensure that no one else falls for their trap. You can check with the FCA to confirm that the broker is not licensed as they claim.
Safety of funds with Levendi FX
There’s clearly no safety as the broker is using false license credentials. It’s the type of habit we have come to see with offshore brokers. Investors don’t enjoy trading with this broker as they are at the mercy of the platform. The broker may decide to close shop today or block access to your account.
Scam or Legit Levendi FX
Levendi FX is a scam that is trying to take every penny from investors. These brokers immediately take your money and deposit it into their personal bank accounts. Please stay away from these scam artists, as they will bleed you dry.
Our Verdict
There’s no way we will recommend a broker that is using false license credentials. Please stay away from them as they offer unrealistic trading conditions.
Stay safe and trade with expert brokers who have relevant experience in the investing world. It’s the only way to make reasonable profit margins.
We wish you all the best; make safety your priority when trading.
