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LAVA PRIME -

Score

1.56 /10
Danger

LAVA PRIME

Canada

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://en.lavaprime.com

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.39

Risk Management Index0.00

Software Index4.00

License Index0.00

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

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

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Broker Information

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Company Name

LAVA PRIME

Company Abbreviation

LAVA PRIME

Platform registered country and region

Canada

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-18
  • 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

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

Stay away from this fraud platform

This fraud platform was run by brother and sister where you can’t withdraw funds. And they cheat lots of investors in GuiLin.

2020-11-25 17:03
Scam

LAVA PRIME, a fraud platform, gave no access to withdrawal. My account was closed for I profit more.

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.

2020-09-01 14:16
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
Unable to Withdraw

Can't open the homepage, can't withdraw money

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]

2022-11-21 17:54
Unable to Withdraw

LAVAPRIME is unable to withdraw

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!

2022-05-05 22:32
Unable to Withdraw

Fraud platform. Deceive customers. Unable to withdraw.

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.

2020-08-28 15:34
    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

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

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

    3

    Comments

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    番茄就是西红柿
    more than one year
    Peor plataforma sin regulacion!! Quiero decir con mi propia experiencia que nunca negocies con un supuesto forex broker sin ninguna regulación, incluso cuando le digan que estén seguros!! De lo contrario, perderás todo su dinero a cambio de las supuestas condiciones favorables de trading!
    Peor plataforma sin regulacion!! Quiero decir con mi propia experiencia que nunca negocies con un supuesto forex broker sin ninguna regulación, incluso cuando le digan que estén seguros!! De lo contrario, perderás todo su dinero a cambio de las supuestas condiciones favorables de trading!
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    2022-11-30 14:53
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    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
    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
    Translate to English
    2022-11-28 12:15
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