Lionexo is an unlicensed broker, owned and operated by Quattro Enterprises EOOD. They are located at: 49 Patriarch Evtimii blvd, 4th floor, Prestige Business Center, Triaditsa District, Sofia 1463, Bulgaria. Lionexo can be reach by phone at: (866) 274-4924 from Canada, and +44 141 846 1405 in the United Kingdom, or via email to: email@example.com.
Trading Robot Scams
The trading platform you see at Lionexo is called the Panda Trading System. This software is becoming more and more popular and we are seeing more brokers choose it.
It is an easy to use software in which an investor can choose from a variety of assets to trade including; Forex, Commodities, Stocks and Market Index. The binary options available are the: Hyper Options (30 and 60 seconds, 2, 5, and 10 minute options), High / Low, One Touch and Range Options. They also have on their website social / copy trading.
Returns on options are between 60% and 85% depending on asset and time and minimum deposit for an account is $250
When the Scam Broker Investigator reviews a binary options broker to determine if they are a legitimate broker or just another scam broker, we look for a valid license. The brokers license can come from FSB South Africa, CySEC in Europe or ASIC in Australia. You can see the common complaints that traders have about brokers, read this.
Lionexo is not a licensed broker.
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
Are you currently trading with Lionexo ? Please write your opinion in the comments below.