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The WikiFX Score of this broker is reduced because of too many complaints!
LAVA PRIME
Canada|5-10 years| MT5 Full License|The server is only located in China.|High potential risk|
http://en.lavaprime.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
2
Server Name
LavaPrime-Demo MT5
Server Location 
China
ChinaContact
+44 02038806803
support@lavaprime.com
http://en.lavaprime.com/
1 Fore Street Avenue， Wework Moor Place, London, England
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
English
+44 02038806803
Other ways of contact
Broker Information
More
Company Name
LAVA PRIME
Abbreviation
LAVA PRIME
Platform registered country and region
Canada
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
2
Previous Detection :
2024-07-27
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1: 800 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1: 400 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1: 200 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
Platform Capital Ratio
--% 
-- --
100%--% 100%
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
Meta Trader 5
Full LicensePerfect
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LAVA PRIME · 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.
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