Summary of Land-Fx Trading Company
Land-FX, founded in Asia in 2021, quickly gained a reputation as a scam. Like many similar organizations, it is alleged to misappropriate client funds.
Land-FX reportedly covers up its activities by shutting down its website and directing clients to offshore courts. The disappearance of 204 brokers supports this claim.
While the land-fx.com website was registered in 2012 and re-registered in 2021, the initial registration is unrelated to the emergence of the Land-FX broker, as information about the broker appeared only in 2021.
Land-FX's website doesn't provide copies of licenses but falsely claims to be regulated by the non-existent Financial Services Authority (FSA). The actual regulator is the Financial Conduct Authority (FCA). Although there is a record of LandFX UK Limited in the FCA database, it has a different registration number.
Client reviews suggest that Land-FX's primary goal is to deceive clients into believing in the project's legitimacy to extract as much money as possible. The company allegedly fails to process withdrawal requests, conceals its management team, and operates without a valid regulatory license.
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We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has Land-Fx been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Land-Fx by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Land-Fx is down, not updated or operates with clear errors and some features are not available;
• Land-Fx has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Land-Fx got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Land-Fx got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Land-Fx?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Land-Fx is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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