LONMARKETS

After reviewing LONMARKETS, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is LONMARKETS?

LONMARKETS markets itself as an online trading and investment service. Its public site is presented at https://www.lonmarkets.com/. It claims to be based in Saint Vincent and the Grenadines. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is LONMARKETS regulated?

LONMARKETS provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.

Red flags we identified

• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
• No verifiable licence from a recognised financial regulator
• Account dashboards that show “gains” with no real market exposure
• No credible physical address or verifiable corporate record
• Aggressive “account managers” coaching clients to deposit

Our analysis

On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added LONMARKETS to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

Can you recover money lost to LONMARKETS?

If you have deposited with LONMARKETS, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.