Every new trader and investor needs a secure, reliable brokerage platform. Luckily, there are plenty of online options from various brokerage companies offering services through websites and/or apps. But it’s essential to proceed with caution and thoroughly vet every potential broker. In this Lemintero review, we’ll take a closer look at a very suspicious project.
Is Lemintero a Trusted Platform?
A quick look at the site reveals no mention of any official licensing in a recognized registry. The only clue suggesting some sort of registration is a contact address listed in the United Kingdom. The main registry for legal entities in that country is Companies House; however, a search for the broker’s name there yields no results.
Thus, Lemintero is completely unregulated and is not under the oversight of any financial body. This lack of regulation leaves traders vulnerable to fraud, as Lemintero is not obligated to adhere to industry standards or protect clients’ funds.
\Without at least basic registration as a legal entity, the platform could engage in unethical practices, trading manipulations, or withdrawal blocks without any legal repercussions.
Concerned About Withdrawal?
The website lacks specific information on account funding or withdrawal conditions. In the “Fees and Charges” section, it simply states that there will be “certain” fees involved, but the exact terms are left unspecified. They only mention, “rest assured, we’ll give you a clear idea of the fees to expect.” The site also notes that while the first deposit has no additional fees, subsequent deposits and withdrawals may require an unspecified percentage fee.
Yet, the minimum starting deposits for each account type are clearly listed: the simplest profile requires a minimum of €10,000, while the highest tier requires up to €1 million. These are substantial sums, the loss of which could be disastrous for beginner traders. Moreover, reviews and online reports indicate delays in withdrawals or even outright blocks based on dubious reasons.
How Long Does The Broker Work?
According to WHOIS records, this site has only been active since June 2024—a very short duration. Such a brief operating history should raise doubts about the quality of its services. Until recently, no one had heard of this broker, giving no reason to trust it. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
âť—Few independent reviews.
âť—A series of clearly fabricated positive reviews appearing from late September, often posted just hours apart.
âť—Aggressive encouragement for additional deposits.
âť—Unverified or misleading trading signals.
âť—No basic learning materials for beginner traders, despite promises of educational resources.
Lemintero Review Conclusions
Lemintero is a typical scam operation. While presenting itself as a broker, it actually targets trusting newcomers, pushes them to deposit funds, and then fails to meet its obligations. Engaging with them is likely to lead only to losses, so it’s better not to attempt account creation.
Advantages and Drawbacks
âž•Attractive website design.
âž–High minimum deposit.
âž–Lack of transparency.
âž–No way to test the platform.
âž–No educational materials.
âž–No regulatory oversight.
FAQ
How is Lemintero regulated?
Lemintero operates without any financial oversight, making it a high-risk option for investors.
Is it safe to work with this broker?
No. The lack of regulation, vague policies, and negative reviews make it a questionable choice for traders.
What is the minimum deposit amount?
The minimum starting deposit is €10,000, which is a high barrier for most beginners.
Brief Conditions
|
Type |
Forex |
|
Location |
UK |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
+442039286362 |
|
Languages |
En, It |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
❌ |
|
Minimum Deposit |
€10,000 |
|
Max. Leverage |
❌ |
|
Scalping Allowed |
âś… |