Lenz Capital Review – How We Exposed lenzcapital.pro Trading Scam

What is Lenz Capital?

Described as a dependable and reputable broker on a global scale, renowned for being at the forefront of the industry, and recognized as a symbol of unparalleled quality in the realm of forex trading.

Lenz Capital states the following about itself: “A leading provider of online trading services, offering Forex and CFD trading investment services on indices, commodities, stocks and shares.

Our goal is to provide access to a highly functional platform and quality services. This means that our clients will have the best and most transparent trading experience.”

Is Lenz Capital Legit or Scam?

Lenz Capital failed to disclose their precise location, and remarkably, the broker did not furnish any contact details. The sole means of reaching out to them is via email, which is far from ideal, as it restricts communication to the broker’s convenience.

Lenz Capital, also identified as lenzcapital.pro, operates as an offshore brokerage and entices forex traders with a multitude of enticing pledges. This forex firm asserts its capability to provide crypto investment services to its clientele.

Lenz Capital is not the only platform accused of scamming users. It’s important to remember infamous scams like FXMinin, Exteom, WiiCrypto and others, to better protect oneself in the digital trading space.

Lenz Capital: Account Types

Lenz Capital requires a minimum deposit of $300. Furthermore, the broker offers clients a range of trading accounts. Lenz Capital also grants a leverage of 1:100 to its traders.

When it comes to payment methods, Lenz Capital permits card payments and bank wire transfers. However, it is important to note that card payments are exclusively processed through a third-party website named abncbp.com. Surprisingly, the only alternative payment option available is through cryptocurrencies such as Bitcoin, Ethereum, and USD Tether.

What Warnings Are Issued by the Financial Authorities for Lenz Capital?

An alarming aspect worth highlighting is the declaration made by the Spanish financial regulator CNMV, categorizing this company as fraudulent. Such warnings should never be disregarded, as they strongly indicate involvement in a deceitful and fraudulent scheme.

Moreover, the broker fails to provide a money-back guarantee, highlighting the inherent risk associated with trading on their platform, as there is no possibility of refunding your funds. These drawbacks serve as a cautionary reminder for forex traders and clients to steer clear of online scam brokers. It is highly recommended to verify the regulation and licensing of a broker through financial authorities’ websites before depositing funds for trading, in order to safeguard against potential financial losses.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Analysis of The Domain lenzcapital.pro

Scamadvisor rated lenzcapital.pro using a computer program. The algorithm scanned the website by looking at the source code used, terms and conditions, the registry, the location of the company and if the website received many positive or negative reviews. Scamadviser uses all this information to create a trust rating. Based on the analysis, this website received a very low score of 3 out of 100. And a large list of negative highlighters:

1. The identity of the owner of the website is hidden on WHOIS.
2. The Tranco rank (how much traffic) is rather low.
3. The server of the site has several low reviewed other websites.
4. The registrar of this website is popular amongst scammers.
5. Negative reviews were detected for this website.
6. This website has a lot of reviews while being very young.
7. The age of this site is (very) young.

How to Make a Withdrawal from Lenz Capital?

In the case of receiving a bonus, you would be required to achieve an undisclosed minimum trading volume before being granted the opportunity to make a withdrawal. Such a condition is never imposed by a legitimate broker, as no legitimate broker would impede your access to your own funds. This is a deceptive tactic employed by scammers that should be diligently avoided. It is crucial to carefully read and understand the Terms and Conditions before agreeing to any terms or offers.

Let’s consider the absurdity of the withdrawal processing and handling fee, typically surpassing 20%. Regardless of whether your withdrawal request is eventually approved or not, you will be obligated to bear this fee.

If that wasn’t disheartening enough, if you have been deceived into accepting any form of trading bonus – Lenz Capital does entice traders with generous welcome bonuses of up to 25% – you will soon discover that the said welcome bonus comes with certain conditions. These include imposing a significant minimum trade volume requirement, strategically designed to hinder any possibility of making withdrawals.

What Should I Do If I Become a Victim of Lenz Capital?

We understand the distress and concern you may be experiencing. Falling victim to scams can have significant financial consequences. Taking prompt action is crucial to prevent the fraudster from profiting at your expense and to work towards recovering your misappropriated funds. We strongly advise you to contact us immediately for effective assistance.

Our dedicated team of legal experts is ready and available to support individuals in your situation. You can reach out to us at any time, and we will leverage our resources to attentively listen to your concerns and provide expert guidance.

Lenz Capital: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Lenz Capital. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Lenz Capital!