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The WikiFX Score of this broker is reduced because of too many complaints!

LAVA PRIME

United Kingdom|5-10 years|
Suspicious Regulatory License|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

Contact

+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

Broker Information

More

Company Name

LAVA PRIME

Company Abbreviation

LAVA PRIME

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-04-14
  • 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

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Pyramid scheme complaint
Expose
Scam

Handlers

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.

2022-09-16 20:41
Unable to Withdraw

Cannot withdraw more than 10 million yen

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)

2022-08-28 10:16

    LAVA PRIME · Company Summary

    basic-info

    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.

    account-types

    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.

    negative-reviews

    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.

    News

    WikiFX Review: The score of LAVA PRIME has been reduced due to too many complaints

    ExposureWikiFX Review: The score of LAVA PRIME has been reduced due to too many complaints

    2023-01-01 08:00

    LAVA PRIME is an online forex broker offering a couple of financial instruments. This article is for those who want to invest with this broker and have a deep understanding of LAVA PRIME. We will talk about the basic information, regulation, exposure, etc.

    WikiFX
    2023-01-01 08:00
    Exposure
    WikiFX Review: The score of LAVA PRIME has been reduced due to too many complaints

    User Reviews

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    Comments

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    番茄就是西红柿
    more than one year
    Worst platform without regulation!! I want to say from my own experience that never trade with a so-called forex broker without any regulation, even when they tell you to be safe!! Otherwise, you will lose all your money in exchange for the supposedly favorable trading conditions!
    2022-11-30 14:53
    Reply
    0
    0
    Pp29114
    more than one year
    Cannot withdraw money! In the beginning, their website advertised that they would give deposit bonuses as long as they made a deposit. If the account is profitable, the money can also be withdrawn. The reality is just the opposite, you will never have a chance to get your profits back because they will make up all kinds of excuses to reject your profit withdrawal application. What's more, they also manipulated my account without authorization. Not to mention deducting my profits, they have even
    2022-11-28 12:15
    Reply
    0
    0
    FX1061914763
    more than one year
    A broker doesn’t hold any license at all, which means, it cannot operate business legally. They induced you to make a deposit, when you made some profits or tried to withdraw your money. They began to reveal their true color, rejecting your withdrawal requests, blocking your account… Just stay away from this one!
    2022-11-28 10:09
    Reply
    2
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    7
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