Lions FM Review

Read our Lions FM review review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a lionsfm.com review.

Who are they?

After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.

So Lions FM review is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.

How does it work?

Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.

Withdrawing funds

You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.

If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.

How to get your money back?

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.

The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.

What about wires?

If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will also help you with this step.

Make sure you leave reviews about Lions FM review in other sites

Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.

Lions FM review Review Conclusions

Making the Lions FM review review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Lions FM review review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]

If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.

etoro

15 COMMENTS

  1. lionsfm trading are the most untrusted brokers when asked for a withdrawal the will ask you to send pictures of your body to see “so that you don’t have any tattoos to be a criminal ” according to the law the have no right to even ask something like that !! report the company to the police the are sick pervers

  2. JBB

    I have heard of Bitcoin and have heard of the Bitcoin Queen on BBC Radio, who is on the run from what I understand for defrauding many of people out of their hard earned money. Understanding investment to some degree I know that you buy low and sell high, so I thought that this is a great time to seek out some investment. I came across Lionsfm trading and began to research them. I could not find a customer services number or any way to contact them. Continuing my research I came across this review and I’m so glad that I did. With every review LIONSFM get – -0 stars if that’s consider a rating. I will not invest with them and maybe you shouldn’t as well based on the reviews.

  3. Warning ,
    The LionsFM company which uses the trade.lionsfm.com or lionsfm.com website is an organized group of scammers and thieves.
    The site itself is a scam through their site you do not enter into any transactions and your money has been stolen. The site works like a simulator and the amounts you see there are given by thieves.
    I was robbed by people who state that they are employees of LionsFM.
    These people are Mark Flagman claiming to be a broker.
    Paul Buschlen says he is the head of the finance department.
    And his secretary Mark Goodman.
    ALL THOSE PEOPLE ARE SCAMMERS AND THIEFS.
    Even if you lost money because of a bad investment, you should report the matter to the police. The more such reports, the faster we will show the scale of the problem and bring the perpetrators to justice.

  4. Also lost my money of 4800 Euro,…
    I feel so stupid.
    They even ask to put more money in so I then can withdraw all my money later,….
    yes sure,….

  5. OK thanks for all your comments, I wish I had found this Pagen 2 montags ago, I habe invested 750€ and now they wont another 506€ for a Bonus of 500€ that they have me At the beginning.this afternoon i was in the PC With Mark Goodman
    I tryed to send him 506€ but it did’nt work, I’m very please abou that.

  6. Martin, don’t send them money, read the post above. You have already been cheated, and it will be very difficult to get your money back. Give them nothing more !!!!!!!!!!!!
    Now go to the police and report the scam and ask the bank to cover the loss.
    This is the only way !!!.
    Remember, a company from the Internet will not help you but will get more money from you !!! .
    The only way is the police and the bank.

  7. Dont do it!!! and don’t answer to any threats about lawyers e.c.t Don’t pick up the phone to any suspisous numbers they might call from all sorts of “countries”,… these are generated numbers via Skype,.. they might sit somewhere in the world in a garage,…
    Go to the police as J.M said and tell your bank or any transfer companies who where involved so they blacklist them in future and make it hard to transfer money.
    I also spoke to the finance department of my state and they are putting now an official warning out.
    Thant money is gone sadly.
    Be happy that it was not more then that others lost over 100000 Euro and more from what I heard… I wonder what kind of people these are ? How can they sleep at night or look at themselves in the mirror??

  8. Hallo, I’m sorry to have lost 750,00€ Plus the Ca.1000€ I have made in profit. I know its not somuch but when you havent got the Money to trouth away
    its alot.
    I will copy all my Mails and go to the lokal police.
    Thankyou Martin Ellis.

  9. I fell victim to LionsFM and lost almost €100k. In retrospect, I feel so stupid that I ignored several red flags and got kicked in the nice talk. It started with a story by Jort Kelder at DWDD, good story about making money in a way that scares the banks. Through that route I came at LionsFM. Account created and then I got a call from Daniel Grafson. These crooks use telephone numbers assigned by the ACM (Consumer and Market Authority) to companies that want to be easily findable in the Netherlands. They promise you profit rates of 10 to 25% per month!! They want you to make your investment in Bitcoins. You get a ‘Wallet number’ (supposedly your own number) and a link to a Bitcoin Broker where you can deposit your Euros. And I did! You already understand: it’s all CHEATing!! A day after the Bitcoins were transferred they had already disappeared, transferred to other Bitcoin Wallets and AWAY THEY WERE!! At one point I realized that something was wrong and asked a part of the amount deposited back. Since my first attempt to get money back (around April 1, 2020) I haven’t gotten anything yet. To make matters worse, they tried to make me pay a ‘Fee’ in advance for the (Fake) winnings after which they would then refund the total amount. I didn’t go into that. You can find my whole story on http://www.lionsfm-scam.com and give me a reply so we can join forces and fight these thieves.

  10. Unfortunately these people sold me a good story as well and I invested 250 €. Luckily I found this site shortly after so I manage to limit the damage but I haven’t succeeded in getting anything back from them. They require you share a copy of you ID card and I don’t want to do that. They are blacklisted on The Dutch Authority for the Financial Markets (AFM) so don’t invest with them.
    https://www.afm.nl/nl-nl/consumenten/controleer-je-aanbieder/boilerroom/lions-fm-equal-target

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