Brokers  /  LMG

LMG

Severe risk
🇨🇳 China · 2-5 years · since 2021-08-19 · LMG MARKET GROUP LTD.
This is a , not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.51/10
Trustpilot/5
Forex Peace Army/5
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No sign that LMG actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~200% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints7212%
Offshore registration458%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameLMG MARKET GROUP LTD.
Headquarters🇨🇳 China
Founded2021-08-19
Years operating2-5 years
Employees0
Official websitelmggroup.ltd
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

LMG is an unregulated entity registered in China with no known regulatory licences, resulting in a high FXCanary Scam Risk Score of 75/100. The absence of verifiable web presence or service details makes it impossible to assess legitimacy or suitability. Traders are strongly advised to avoid this broker due to severe risk of fraud or mismanagement.

Not for
  • Traders requiring regulatory protection
  • Risk-averse investors
  • Clients seeking transparent operations
Period:
What users complain about
Where reviewers are from
Hong Kong1
India1
Malaysia1

Real user reviews

Where LMG operates

Based on its licenses and complaint records.

🇭🇰 Hong Kong 1 complaint
🇮🇳 India 1 complaint
🇲🇾 Malaysia 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About LMG

Company Overview

LMG is a financial entity registered in China, with an establishment date of August 19, 2021. The company's official website is lmggroup.ltd. Based on available records, LMG operates without any known regulatory licences from any financial authority.

As of the latest review, the entity has no verifiable history of providing trading services or financial products to the public. The absence of regulatory oversight is a significant factor for potential clients to consider.

Regulatory Status

Our records indicate that LMG holds no regulatory licences from any recognised financial authority. This means that traders and clients do not have access to standard investor protection mechanisms, such as compensation schemes or dispute resolution services commonly provided by regulated brokers.

The lack of regulation is a critical risk factor, as it implies that LMG is not subject to the operational standards, capital requirements, or compliance audits that regulated brokers must adhere to. Clients should proceed with extreme caution.

Products and Services

Given the limited public information available, there is no clear indication of the specific financial products or services offered by LMG. The company's domain and registration details do not explicitly mention forex, CFD, or any other trading instruments.

Without verified product disclosures, it is impossible to assess the entity's suitability for traders or investors. The absence of transparent service offerings further underscores the risks associated with engaging with this entity.

Target Audience

The intended client base for LMG remains unclear due to the lack of marketing or operational information. Typically, unregistered entities may attempt to attract retail clients without the necessary safeguards.

Traders seeking reliable and regulated brokers should consider alternative options that provide clear licensing and client protection. LMG's target audience cannot be reliably identified at this time.

Overview compiled by FXCanary from regulatory records and public data. full LMG review