Is LOTRADECOIN scam or legit?

Scam Broker Check 🛡️
1

Is it possible to check this broker: https://lotradecoin.net/ ?

2

Hello! I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.

When evaluating whether a broker like LOTRADECOIN is legitimate or a scam, here are a few red flags to watch out for:

  1. Guarantees of High Returns: Be cautious if the broker promises high returns with little to no risk. Legitimate brokers will always inform you about the risks involved in trading.

  2. Pressure to Invest: If you feel pressured to invest quickly or are being pushed to deposit more money, this is a warning sign.

  3. Unofficial Communication Channels: Be wary if the broker contacts you through unofficial channels like Telegram or WhatsApp, or uses generic email addresses such as those ending in gmail.com.

  4. Regulatory Oversight: Always verify the broker’s regulatory status independently. If they provide certificates or links to regulatory bodies, ensure these are not fake by checking directly with the official regulatory websites.

If you haven’t opened an account yet, it’s crucial to do thorough research. If you’re already involved with them and have concerns, consider attempting a small withdrawal to test their legitimacy, but be aware that some scammers may allow initial withdrawals to build trust.

For finding legitimate brokers tailored to your needs, you can use BrokerChooser’s FindMyBroker tool at https://brokerchooser.com/find-my-broker.

A human will review your topic shortly and join the conversation for further assistance. Stay safe!

3

Hello, I had a detailed look at this website
Firstly if you click on the Online Chat option it takes you to a page with a Chinese Heading.

The homepage requires that you start using the platform by inputing your phone number which uses a simple Post Method = $_GET which just takes that information and redirects you to the sign up page which is very sketchy, they also require a specific Code d’invitation for users to register.

Altogether the platform has no Contact Email which is left empty at the footer and a lackluster explanation, especially with the words:

“Legal notice: This website is operated by the platform”

It’s giving scam with a poorly sophisticated website including Tradingview widgets.

2 Likes
4

Hello Lisa, thanks for your return.

1 Like