Warning: Is Lykcoin a Scam?

Lykcoin (lykcoin.com) - Legit or Fraud?

Our experts warn you to stay away from Lykcoin (lykcoin.com).

Lykcoin appears to be a investment provider, but it is unregulated by any credible authority, like the ASIC or CySEC.

Cannot Withdraw from Lykcoin?

If Lykcoin refuses to return your funds, you need to act. Fill out the form below to talk to our cyber-forensics team for a free assessment.

Is Lykcoin Legit?

The most alarming issue is that Lykcoin (lykcoin.com) has no license from a credible authority.

Investing with unregulated brokers is extremely dangerous. Real firms are always authorized with bodies like the FCA, CySEC, or CFTC for your protection.

Lykcoin operates without this protection. This means there is no protection if they withhold your money. Most online scams involve unregulated actors, and getting back money from them is hard without professional help.

For instance, in the UK, unlicensed firms are not covered by the compensation schemes. In America, they are not members of SIPC, meaning your money is at risk.

Common Scam Tactics

Online trading fraud is getting smarter. Scammers use social engineering to steal wealth. Here are typical methods used by brokers like Lykcoin (lykcoin.com).

Dating App Scams

The "Romance Scam" is a brutal method where scammers build trust over months. They fake a friendship online. Once trust is built, they mention a secret investment. It's a trap to get you onto a fake platform like Lykcoin.

Rigged Platforms

Fraudsters create websites that mimic legit trading apps. They have charts and profits that go up. But it is a game. The scammer controls the prices to make you feel rich so you invest more. When you try to withdraw, the "profits" disappear.

Red Flags

• Cold Calling: They call you from "brokers" out of the blue.
• No License: The firm has no authorization.
• High Returns: They promise 1% daily returns or risk-free trades.
• Withdrawal Issues: You cannot get your money out. They ask for "tax fees" first.
• Pressure Tactics: "Account managers" push you to deposit more.

Ignore positive ratings. Scammers frequently write their own 5-star reviews to appear real.

Conclusion

We do not recommend Lykcoin. It is likely a scam. Protect your money and find a licensed broker. Avoid lykcoin.com at all costs.