Abstract:LION is registered in Cayman Islands and appears to be a fraudulent broker with two credible regulations. However, we‘ve received a lot of complaints and now its website is down. As a result, it’s reasonable for us to assume that this company has run out of business.
Registered in | Cayman Islands |
Regulated by | CIMA, MAS |
Year(s) of establishment | 5-10 years |
Trading instruments | Information not available |
Minimum Initial Deposit | Information not available |
Maximum Leverage | Information not available |
Minimum spread | Information not available |
Trading platform | MT4, MT5, own platform |
Deposit and withdrawal method | Information not available |
Customer Service | Email/QQ number |
Fraud Complaints Exposure | Yes |
Note: At this time, we only have a cursory look at LION as the company's official website (https://www.libkrsgr.com/ ) does not open properly.
Screenshot time: 02/08/2023
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General information and regulations
LION is registered in Cayman Islands and appears to be a fraudulent broker with two credible regulations. However, we‘ve received a lot of complaints and now its website is down. As a result, it’s reasonable for us to assume that this company has run out of business.
When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.
Trading platforms offered by LION
As for the trading platform, LION provides its clients with many options. There are public platforms such as MT5 and MT4 that have served many clients worldwide, also LION's own platform. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT5 and MT4. But LION's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
Customer support
The support service provided by LION is not very extensive. It can only be accessed via email and a tencent QQ number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.
Below are the details about the customer service.
Email: ky@libkr.com
Tencent QQ: 800188404
Users exposures
On our website, you can see that a lot of users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Frequent asked questions about LION
Is this broker well regulated?
Yes, it is currently effectively regulated by CIMA and MAS.