Beware LVMexchange is a Non-Regulated broker. It is NOT SAFE to trade.
| 🗺️ Registered in | St. Vincent and the Grenadines |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is LVMexchange safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
LVMexchange is a broker that offers trading on forex and CFDs. The company is owned and operated by LVM Ltd. According to the website, LVM Ltd, is incorporated under registered number 24616 IBC 2018 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines. Also, if you look at the terms and conditions of the company, you will find out about the fact that LVMEXCHANGE is the trading name of LVMARKETS. Seems like previously the website had a different name and the broker was incorporated in Vanuatu. Some unregulated brokers change their names in order to erase the negative reputation and continue doing their illegal business.
Despite the fact that broker’s address is in St. Vincent and the Grenadines, it provides Swiss phone number as a contact number. This should be one more red flag for those who are going to invest with LVMexchange.
Investing with a properly regulated broker is crucial for the safety of any investment. Here are some reliable regulators: UK’s FCA, the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). These are well-respected institutions, also enforce strict regulatory standards upon all brokers in their jurisdictions.
Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.