Lincoln Financial Service LTD allows trading in various types of assets. It is claimed that the organization was founded in 2004 in the United Kingdom. However, we have not seen any evidence of such a long period of operation. Based on the information from the contact section, the company’s office is located in the United States. The organization does not have a license for conducting trading activities. What do you think, is it safe to trade here, or does the broker show signs of deception?
Trading Conditions
The minimum deposit is $100. Trading is available for CFDs on currencies, cryptocurrencies, commodities, indices, and equity. Lincoln Financial Service LTD offers 5 types of trading accounts:
- Beginner
- Silver
- VIP
- Gold
- Platinum
Also, Lincoln Financial Service LTD offers client manager services, 24/5 technical support, corporate funding, and account bonuses. Instead of a demo account, secure transactions are provided. There are educational materials available. An in-house platform is developed for trading, accessible on any device. There are several types of partnership programs: the opportunity to open a branch, Introducing Broker, a referral program, and White Label.
However, this scam Lincoln is recent and appeared in 2023. It is easily verifiable by checking the age of the domain. So, it turns out that they have used someone else's details, which many scammers do nowadays.
Also, doesn't it raise suspicion that the headquarters are supposedly located in the US, where CFD brokers are not allowed to operate at all? It is evident that the address is made up, and there cannot be any broker there.
Zdziwiło mnie to, że to niby broker z siedzibą w USA, ale nie posiada licencji od amerykańskich regulatorów ani innych instytucji finansowych. Być może to wszystko w przyszłości, być może firma jest jeszcze nowa i przechodzi etap uzyskiwania licencji. Ale to nie zmienia faktu, że w tej chwili nie ma licencji. Dlatego nie polecam ryzykować dużymi sumami, lepiej na drobiazgi, 100-200 dolarów. Przynajmniej nie będzie ci ich szkoda stracić, jeśli jednak broker forex okaże się oszustwem.
And then my acquaintance confessed that she invited me because it's the only way to make any kind of money. She was also trading at a loss but couldn't withdraw her money because she received some borrowed funds from the company (which were presented to her as a bonus, according to her). We both agreed that it was just a regular financial pyramid, and she apologized. I warn you, don't make the same mistakes as me.
It's obvious that they've stolen someone else's legal information. The company whose details are on gov.uk doesn't even have their headquarters in Colorado. I'm sure that soon enough, this broker will have a bunch of negative reviews from traders who have been scammed, and they will quickly go out of business.