Score
LAVA PRIME
Canada|5-10 years| http://en.lavaprime.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Canada
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
lavaprime.com
Server Location
United Kingdom
Website Domain Name
lavaprime.com
Server IP
45.77.89.175
Company Summary
General Information
Registered in the United Kingdom, LAVA PRIME is an online forex broker offering a series of forex and CFD trading services through the advanced MT5 trading platform, with the maximum leverage available up to 1:800.
LAVA PRIME is not authorized or regulated by any regulatory authorities, please be aware of the risk involved.
Account Types
LAVA PRIME offers three trading accounts to suit different traders trading needs, namely Mini, Standard, ECN accounts. However, the minimum deposit for each account are not disclosed.
Leverage
Trading leverage varies depending on trading accounts, ranging from 1:200 to 1:800. Problematically, LAVA PRIME permits traders to use leverage of up to 1:800, which is significantly higher than the levels regarded appropriate by many regulators.
As leverage can magnify gains as well as losses, investors are advised choose the proper amount that they feel most at ease.
Trading Platform
LAVA PRIME offers its clients the access to popular MT5 trading platform that can be available for Desktop, Mobile and Web terminals.
Traders can quickly analyze market activity, place trades, and integrate automated systems thanks to this powerful platform's convenient workspace (Expert Advisors). Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface.
Customer Support
Traders can reach out to LAVA PRIME about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +44 02038806803
Email: support@lavaprime.com
Negative Reviews
Many forex traders shared their terrible trading experience with LAVA PRIME, saying this broker defraud them by stealing their deposited money and rejecting their withdrawal requests.
Typical forex scams work like this: they get you deposit a lot of money, then manipulate your trading accounts, steal your money and disappear.
Visit WikiFX for more feedback from actual users.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 7
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Review 7
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小李飞刀1997
Hong Kong
My deposit is 770000 RMB, and the current account balance is 310,479.00 USD. I just want to get back my principal, and now I hope you can help me uphold justice. Please[d83d][de4f]
Exposure
2022-11-21
Santos
Portugal
A Lin Ying manipulated me to invest and was showing incredible gains values and gave me the contact of a Wendy with the number +852 6158 9471. After winning almost 3000 dollars, she made a quote peak and I automatically closed the position and I was with a debt of negative 3180 dollars. And they are demanding that I pay what I owe in the application. I think everything is being manipulated because on other sites in the same currency there were no peaks in values. Only in China. And I lost all my money I invested. Who knows, maybe one day I'll see them.
Exposure
2022-09-16
Yusuke Sakurai
Japan
I opened an account with an overseas forex exchange through a referral from a woman I met through a matching app, put in funds, and started trading. 15,510,572 yen), first, I was contacted to pay a service fee of 300,000 yen before the full withdrawal, so after transferring 300,000 yen, I passed the withdrawal review. I was relieved when I was informed that I had done so, but after that, I was told that withdrawals exceeding 10 million yen would constitute money laundering and that I would have to pay 500,000 yen as a security deposit. As expected, I thought it was strange, and I thought that they were using various excuses to prevent me from withdrawing money. I am unable to withdraw money and I am suffering very much, so I made it public. Amount of damage (account balance funds): 113,301.63 USD (total amount transferred to Japanese account: 700,000 yen)
Exposure
2022-08-28
小李飞刀1997
Hong Kong
I was transferred to the LAVAPRIME platform by the TCC platform on January 18, 2020. The account number remains unchanged, and the funds are moved together. Now I want to withdraw some funds. What does the platform say? Your account is a demo account so it is uanble to withdraw. There are seven hundred and seventy thousand RMB in it, and now the account balance is 310,478.67 US dollars, and now I cannot withdraw a penny, do you have a conscience!
Exposure
2022-05-05
交易之王007
Hong Kong
This fraud platform was run by brother and sister where you can’t withdraw funds. And they cheat lots of investors in GuiLin.
Exposure
2020-11-25
煮酒亨梦
Hong Kong
I can’t withdraw because I profit. Now I complained about it, my account was closed by LAVA PRIME because LAVA PRIME want to repudiate the debt. The customer service said the account can be open all the time when I consulted them before. While my account was closed as I was profiting. They shrank with varied reasons, which were inconsistent. How dare they are to close customer’s account.
Exposure
2020-09-01
FX3018161770
Hong Kong
Don’t trade in LAVA PRIME. It’s a fraud platform. They advertised that we can receive bonus if we open an account and we can withdraw after profiting. But now I can’t withdraw. There are some new rules acting as a block to my withdrawal. There are some reasons to prove it’s a fraud platform: 1. The server is located in China, however, it’s a foreign platform. It is obviously a scam. 2. There is a limit of few decades pips to stop loss or take profit. And there is over seventy pips limit to post orders. They don’t want you to profit by short orders. 3. The leverage is low while the service fee is high. There are a lot of limits to block traders. You’ll find out there are many ways to deduct your deposit when you experience.
Exposure
2020-08-28