Lionheart

Lionheart is a forex and CFD broker registered in the United Kingdom, founded on 6 January 2020. The broker operates under the official domain lionheartmarkets.com and presents itself as a provider of online trading services.

Our records indicate that Lionheart's corporate registration is in the UK, but the regulatory status is unclear. Despite listing the Financial Conduct Authority (FCA) as a regulator, the status field is blank, which is a significant red flag. This suggests that Lionheart may not hold an active FCA authorization to offer financial services to retail clients.

The FCA is a reputable regulator known for strict oversight of forex brokers. However, the blank status in our registry implies that Lionheart's regulatory standing is unconfirmed or possibly non-existent. Without a clear authorization, clients are not covered by the FCA's protection schemes, including access to the Financial Ombudsman Service or the Financial Services Compensation Scheme.

Traders should exercise extreme caution when dealing with brokers that have ambiguous regulatory statuses. The absence of valid regulation is one of the strongest warning signs in the industry.

Lionheart offers two account types: ECN and STP ECN. According to the available data, no minimum deposit or maximum leverage figures are specified for either account. This lack of transparency is concerning, as reputable brokers typically disclose these details upfront.

The mention of ECN and STP execution suggests the broker aims to appeal to traders seeking direct market access and variable spreads. However, without concrete information on trading costs, leverage limits, or other conditions, it is impossible to assess the competitiveness or fairness of these accounts.

The broker lists tradable instruments including forex currency pairs, global stock indices, gold, and silver. These are common products in the retail forex and CFD industry. Notably, there is no mention of the trading platform offered (e.g., MetaTrader 4/5, cTrader), nor details about commissions, spreads, or non-trading fees.

This information gap prevents traders from making informed decisions. A professional broker would normally provide comprehensive details about its trading environment.

FXCanary has assigned Lionheart a Scam Risk Score of 85 out of 100, indicating a severe level of risk. This score is based on the unresolved regulatory status, lack of transparency, and insufficient publicly available information.

A score above 80 typically warns traders to avoid the broker entirely. Combined with the missing regulatory authorization, Lionheart represents a high-risk entity for any potential client.