Read our Lionetix review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a lionetix.com review.
| Broker | Lionetix |
| Website | lionetix.com |
| Regulation | None |
| Broker Type | Scam |
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 Lionetix 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.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
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 help you with this step as well.
Make sure you leave reviews about Lionetix 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. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Lionetix Review Conclusions
Making the Lionetix 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 Lionetix 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] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Totally scam .. As you try to say no to the agent because of doubts they will start insulting you. You will know it’s bunch of monkey or personal African (clearly from the accent) scammers there.
I got dragged into Lionetix while watching Cowboy Movies with an Advert starting off with Jacinda Adearn saying how wonderfull this idea is…
Its hard to understand their English to start with, they took me to a Trading Site called ” Lionetix ” It looked pretty Real. It was high Pressure Salesmanship, the phonecall said it was coming from Australia, so I asked him the time, he ignored that question twice which I felt He was rather Ignorant & so I asked him again, he took a second & said it was 9.16 our Time was 10.20 so straight away Alarm Bells started ringing as Aussie is abt 3 hrs behind us
He is telling me alot of things… I then asked him how much money he has made doing this ? same thing he’d ignore, 3rd time he said, I’ve been in it a long time & have made alot of money & I ask how much – he said alot
A Long story Short… this is probably a SCAM – so I said I havnt got any money today, call me back 2moro, next day I googled ” Lionetix ” saw People said it was a Scam – dont go there
Next phonecall when I said I didnt have the Money I thought I would, he said You promised me & other things like that to make me feel bad & I said I had to go as I was invited out for Tea…
He tried to keep talking to me telling me what he has done for Me etc & I just said, im going & hung up
The Phonecalls came from Australia, UK, Austria, Germany… so I just dont answer the Phone now
I Hope this Info will Help You Keep Yr Money… I didnt lose any, but nearly did
lionetix is a total scam brokers with their famous stupid broker called Dr adam they drag u every day to add more money and sign fake contracts and when u try to do a transaction they lock the withdraw and ask u to add more money to enable you withdraw
Do not give these people any money!!
Please stay away from this company at all costs! They are possibly using a variety of broker names and domain names however we know them under ‘Lionetix’. They will begin by showing you how almost every crypto coin on the market has shown a dramatic increase in price in the last year. They will invite you to do some calculations based on an initial investment of $10,000. Once you come up with some amazing number, they will urge you to sign up with their platform and begin trading with cryptocurrency using a wide variety of tactics – mostly emotional manipulation. They will tell you that all you need to do is sign up for a cryptocurrency wallet in your country and then buy bitcoin. Once you have bought it, you send it to ‘your’ wallet on their platform using a bitcoin address they provide. They claim that you are sending it to your own address and they are never receiving your money. This is a lie. Unless you personally created an account and got that address, you have no way of knowing where you are actually sending your money. Also, once you send money to an address using cryptocurrency, you have absolutely no way to reverse the payment. You can ONLY get the money back if they choose to give it to you. Pity I didn’t know about all of this sooner :(. They will stall, invent excuses and do everything they can to not give your money back. Once you send them money, it is gone! I don’t even know that the money we were trading with on our platform was even real. After your initial deposit, they will eventually start asking you for more and more money. They will ask you personal questions about your job, overall financial situation, and even daily expenses. This is all for them to figure out how much money they can fleece out of you. If you can’t give them much, they will offer to help you get a loan, perhaps through one of their ‘private lenders’. They will say that $20,000-$30,000 isn’t much compared to the amount you could be earning a year from now. I beg you, PLEASE don’t fall for it! They will literally take everything they can from you, plus leave you in debt. If you have any doubts about whether it is a scam or not, look at the address of the company. It is somewhere in Poland. The website was created only fairly recently – typical of scammers who are constantly needing to create new websites and change their identities once they get bad reviews. They are NOT regulated and they cannot give you any registration number. If you ask for proof, they will show you a company that is regulated but it is not their company. The names do not match. These guys are scammers, pure and simple. Treat them as such. They are so low that they will even ask you to lie to your bank or your cryptocurrency wallet company if they call you to ask about the transactions. If you do lie, you will find it much more difficult to ever recover your money through a chargeback. As charming as these people may seem do not trust these people!
they tacke from me 250 d for trading at begining them ask me to pay more but i refuse ,after that they block me and no one onther my messages
I was a victim , i received a phone call persuading me …. Although i doubted him,unfortunately he managed to make me deposit …. It was a really fraud
My story began by chance on November 16/ 2021, they persuaded me to try for one week with only 250$. I opened an account, but in the same day I decided to withdraw the 250$ I deposited, they postpended me, till 4 days. then claimed that I earned 7000$, and I supposed to pay 1000$ to get the money then close my account if I want!!!!! though I asked to close my account and send me JUST the 250$. but they postponed again for more 4 days. to call me another guy that I gained 27000$, and that I have to pay 2700$ as taxes!! I refused again, and asked to withdraw the 250$ only. Again they kept silent another 4 days to be told by another guy that I gained 33000$……………………. I then loaned the amount from friends to pay 2000$ to get the whole money, for the assured me that no more fees would be on me, and that they’ll close my account.
BUT NO, now we’re on Feb 14/ 2022, and the amount is 66000$, but nothing I had yet, though I kept on loaning to pay the transferring amount, the Ministry of Treasury Britain- fees in Britain as they claimed and other expenses that would be retuned back to me.
I was convinced by their swearing and polite words and promises, so if I get the money I would assets other in our country that suffers that’s all.
I’m writing this review today Feb 14/ 2022 on the day that they promised to transfer me the money, BUT they’ve just claimed that they can’t transfer any money unless I pay the transferring fees from Dollars to the currency where I live now.
the amount I’ve paid till now is more than 10000$ (9000$ of witch are loans)
I really don’t no what to do!!! I need your immediate help.