The Official Website Of LEX Cannot Be Accessed Properly At The Moment. It Seems That The Company Has Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
2022-06-24 We Have Confirmed After Review That LEX Is An Unregulated Forex Broker
LEX Claims To Be An Experienced Broker, But Neither Provides Detailed Information About Its Regulation Nor The Necessary Legal Documents (terms And Conditions, Risk Disclosure And Privacy Policy, Etc.). Lack Of The Above Information May Be Characteristic Of Unlicensed Dealers, As Compliance Dealers Always Display Their Certifications And Operating Licenses In A Prominent Position.
In Addition, LEX Claims To Have Three Branches In Hong Kong, The British Virgin Islands, And The Chinese Mainland. First, According To The Information We Have, There Is Currently No Regulator In The Chinese Mainland That Issues Licenses To Operate Foreign Exchange Transactions Or Supervises Entities That Provide Foreign Exchange Activities. Secondly, We Have Not Found Any Results Matching LEX In The British Virgin Islands Financial Services Commission (BVI FSC) And The Hong Kong Securities And Futures Commission (HK SFC).
The Fact Is That LEX Is Not Regulated By Any Regulator. Investors' Funds Invested In This Dealer Are Not Safe And Cannot Be Protected By Any Law. It Is A Fake Broker.
Since The Broker's Website Cannot Be Accessed Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That LEX Does Not Currently Have Any Valid Licenses.
But Most Brokers That Are Not Compliant Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: LEX As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
