In this article, we will introduce the reader to another suspicious company – LMAX Group. This is a typical fraudulent project that does not allow you to earn money on global markets. After registering in this system, the client receives a fake terminal without real access to market trading. Transactions are made in the brokerage system, and therefore you should not count on profitable work. The fraudulent company skillfully confuses the brain, and today we will tell you the main signs of SCAM. A beginner will understand how to recognize a scam and why you should not invest in such projects.
Information about LMAX Group office
The website of the stock broker tells about the formation of the global market. The company boldly calls itself the industry leader and offers to start cooperation. It allows you to start on a demo account or open a real account for trading on international platforms. The project’s web portal contains fresh quotes and analytical tools, but it is impossible to find licenses on it. The LMAX Group office publishes loud words about reliability, but is in no hurry to confirm them with real documents.
LMAX Group calls itself a global company for the development of financial technologies. It allegedly works on many institutional platforms and ensures high speed of execution of client orders. The project has representative offices in 9 countries around the world, it has acquired a global customer base due to its high-performance exchange structure. The brokerage terminal is distinguished by ultra-low latency, it is directly connected to large data processing centers.
Trading technologies for clients
The stock broker talks about cutting-edge developments. It constantly directs its efforts to improving the trading system. A revolutionary and minimalistic approach to technology allows combining several advanced practices to achieve optimal trading results. LMAX Group names the key differences of its developments:
- A market player can enjoy precise order execution.
- The exchange infrastructure provides for minimal latency.
- Provides reliable, robust and scalable technology with continuous performance optimization.
- Integration with leading liquidity providers is provided.
On its official website, LMAX Group describes a reliable and robust platform. The company uses modern technologies to ensure high quality services. Its system includes a cloud-based continuous integration system that runs a whole range of tests. The software development monitors the market situation and constantly improves the quality of order execution. The trader can use advanced systems to automate the trading process. The client is promised high-quality equipment that will allow transactions to be carried out from anywhere in the world.
How does trading with the project work?
The exchange broker guarantees direct access to the central book of limit orders and institutional liquidity. It promises the client transparent pricing and competitive spreads. The market player receives streaming data, transparent execution of orders without deviations from the current price. The client can view financial reports in real time. He is provided with a full order book. To increase the final earnings, you can use margin lending. Using flexible leverage, the trader will reach a higher level of profit. The company describes attractive terms of cooperation, but to obtain reliable information, you should carefully read customer reviews.
Opinion on cooperation with LMAX Group
Traders are talking about another SCAM project that is ripping people off. After replenishing the account, managers stop answering calls and messages. The company sets a high entry threshold, which is absolutely not suitable for beginners.
The company does not allow effective transactions. Its clients constantly suffer losses. The man could not understand the reason for the failures, but then he noticed the fake quotes. The fraudster brazenly interferes with the trading process and drains the initial capital of his investor. During work, terrible slippages and a huge number of technical problems occur.
The stock broker does not provide Islamic accounts and charges huge withdrawal fees. During news releases, the spread increases significantly, the terminal performs transactions with a delay. If the trader works through a mobile platform, he is constantly thrown out of the system. The support promises to fix the problems in the next update, but nothing changes.
Is it possible to get rich with a company?
The scammer in question works according to a standard scheme. He does not provide any useful information, but requires documents and full account verification from his client. It is impossible to find licenses or certificates on the official website of LMAX Group that would indicate legal brokerage activity. The SCAM project accepts money, but after a withdrawal request, it blocks client accounts. It takes away the starting capital or drains it through fake quotes. LMAX Group is the most ordinary scam that should be avoided.
