LVMexchange
We checked LVMexchange against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report LVMexchange.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.