Reported Website: https://lvmtrade.com/
LVMexchange is not a reliable broker for traders even though it states offers that look good to be true. LVMexchange claims it was founded in 2015 and received the license for brokerage and asset management in 2016. However, when we checked its domain, we found it was created in 2017. So how could it start its business in 2015? It is a red flag here. Besides, LVMexchange claims to be registered by the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registered number: 24616 IBC 2018. However, we did not find any match results to the registered number. What’s more, SVG FSA does not regulate entities that offer forex services. The truth is that LVMexchange is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
