TrustIntelHub
Warning: Is Lyscoin a Scam?
Be careful of Lyscoin (lyscoin.com); it displays several indicators of a scam. Users have reported withdrawal issues.
Review: Lyscoin (lyscoin.com)
Our team advise you to avoid Lyscoin (lyscoin.com).
Lyscoin claims to be a trading firm, but it appears illegal by any top-tier financial regulator.
Victim of Lyscoin?
If you believe you have been defrauded by Lyscoin, act now. Fill out the inquiry below to talk to our investigative team for a complimentary assessment.
Safety Analysis: Lyscoin
Our check shows that Lyscoin is missing a valid license.
Investing with unregulated firms is extremely unsafe. Legitimate firms are must be licensed with agencies like the FINRA or FCA to protect investors.
Lyscoin operates without this supervision. As a result, there is no protection if they withhold your funds. Many investment fraud involve unregulated actors, and getting back money from them is difficult without professional assistance.
For instance, in the UK, unauthorized firms are not covered by the Financial Ombudsman. In America, they are not part of regulatory bodies, so your capital is at risk.
How Lyscoin Might Scam You
Investment fraud is getting smarter. Criminals use social engineering to take your savings. Below are common tactics seen in brokers like Lyscoin (lyscoin.com).
The "Romance" Trap
The "Romance Scam" is a brutal method where scammers build trust over weeks. They fake a romance online. Eventually, they introduce a "lucrative" investment. It is a lie to lure you onto a scam site like Lyscoin.
The "Bonus" Trap
Scammers create websites that mimic legit trading apps. You see graphs and profits that increase. But it is a simulation. The broker controls the numbers to make you feel rich so you invest more. When you try to withdraw, the "profits" disappear.
Other Warning Signs
- Unsolicited Contact: They call you from "brokers" out of the blue.
- Unregulated: The firm has no legal registration.
- High Returns: They guarantee 1% daily returns or risk-free trades.
- Cannot Withdraw: You cannot get your money out. They demand "tax fees" first.
- Pressure Tactics: "Account managers" pressure you to invest bigger amounts.
Ignore positive ratings. Fraudulent brokers often post their own positive reviews to look legitimate.
Conclusion
We advise against Lyscoin. It is likely a fraud. Protect your money and find a licensed broker. Avoid lyscoin.com at all costs.