Beware of the Lion Scam

A well-rated, regulated broker defrauds its customers. Vietnam-based victim complaint on WikiFX Regarding the issue of withdrawal. WikiFX is a leading global third-party forex industry information service platform. WikiFX is dedicated to providing investors with accurate, comprehensive, and diversified information, helping users identify the reliability of forex brokers, reducing decision-making costs, and effectively avoiding risks.

He wrote in his complaint, “On June 28, 2024, and July 10, 2024, I deposited 15,000 USD into Lion (www.lioncrm05.com) to invest in gold.”

The complainant said on July 12, 2025, he sent a withdrawal order of 5,000 USD but after 3 days it was still not resolved. He texted the support service of the broker but they did not fix it.

According to the victim, “On July 15, 2024, the floor staff logged into my account, changed the password, and placed a large order to lose all my accounts so I could not withdraw money.” “Normally I only place a maximum order of 2.7 slots but the floor took my account and placed 20 slots per order. After they lost all the money I deposited, they deleted the 3000 bonus points when depositing.” Further, he added. The victim warns others to be aware of the Lion scam.

WikiFX Review

When we searched for this broker on WikiFX, We discovered there are 161 reviews about the broker. But only 9 are positive, 2 are neutral, and 150 are negative. Also, the broker is on the investors list of the Securities Commission Malaysia 2023. Other than this, the Cayman Islands Monetary Authority put a fine on Lion in 2022.

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