Loewen and Associates Review

At FXCanary, we begin every broker review by confronting a harsh reality: the retail forex and CFD industry is riddled with unlicensed operators, clone firms and outright scams. Our research process is designed to cut through the noise. For Loewen and Associates, we cross-checked the United States’ key financial registers—the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA)—as well as state-level securities regulators and international watchdogs. We also scoured aggregated industry databases, consumer complaint records and, most revealingly, the public user-review footprint across independent platforms.

What emerged was not a typical brokerage profile. Loewen and Associates presents itself with a Trustpilot score of 4.7 out of 5 over 24 reviews, but deeper inspection shows none of those reviews relate to forex, CFD or spread-betting activities. Instead, customers talk about boat loans, marine financing and working with individual loan officers. The firm’s registered address in Manhattan, Kansas and its incorporation date of May 2019 further cement a picture of a small US-based financing company, not a regulated forex dealer. Our investigation therefore had to pivot: we evaluated the entity as it might appear to a retail trader who stumbles across it, and we assessed whether any plausible forex offering exists—or whether the name is being misrepresented.

Loewen and Associates, Inc. is a Kansas corporation with a registered address at 6572 Tuttle Creek Blvd, Manhattan, KS 66503. According to structured data, the firm reports zero employees, which may refer to its forex-facing operations—or simply reflect that it is a shell entity for a family-run loan brokerage. The incorporation date of May 2019 gives it a short track record, and the lack of any online presence beyond Trustpilot reviews and a handful of loan-officer mentions raises immediate red flags for transparency.

For a forex broker, we would expect to see detailed information about ownership, management, segregated client accounts and a clear statement of regulatory authorisation. Here, none of that exists. The absence of a website that promotes forex or CFD trading is striking.

When a firm’s primary public footprint is a collection of reviews about boat financing, traders should be extremely cautious. The mismatch between the name ‘Loewen and Associates’ and any forex service suggests that either the entity is being impersonated by scammers, or it has no genuine forex product. Either way, the transparency grade here is failing.

Regulation is the bedrock of safety for any retail trader. We found no verified licence on file for Loewen and Associates from any financial authority, whether in the United States, the European Economic Area, Australia or offshore hubs. To be clear: the firm is not registered with the CFTC as a Forex Dealer Member, nor does it appear in the NFA’s BASIC database. State-level checks in Kansas also yield no investment adviser or broker-dealer registration that would permit it to offer leveraged trading products.

For US residents, the regulatory landscape is particularly demanding. Under the Dodd-Frank Act, forex brokers must maintain net capital of at least $20 million and adhere to strict anti-fraud and know-your-customer rules. Any entity soliciting US retail clients without CFTC/NFA registration is operating illegally.

In our assessment, Loewen and Associates does not remotely meet this threshold. The 0-employee figure is telling: a legitimate forex brokerage requires compliance officers, dealing-desk personnel and customer support teams. This gap alone should disqualify the firm from consideration.

Based solely on the user-review record, Loewen and Associates appears to be a boutique marine-financing company. Reviews mention boat loans, yacht financing and working with individual representatives like Joann Burleigh, Shelly Fisher and Natalie Reyes. Customers describe a process of providing income documentation, meeting underwriting criteria and receiving funds for boat purchases. There is no mention of MetaTrader, cTrader, forex pairs, CFDs, cryptocurrencies or any trading instrument.

For a trader, this is a glaring mismatch. If you are being approached by someone claiming to represent Loewen and Associates as a forex broker, you are almost certainly dealing with a clone or impersonator. We have seen cases where scammers lift the name of an unrelated, legitimate business to create a veneer of credibility. The real Loewen and Associates is not in the trading business, and any promises of profits, leverage or trading accounts under this name are false.

The Trustpilot reviews—all 5-star—paint a picture of a reliable consumer-financing outfit within its narrow niche. Clients repeatedly praise the professionalism of individual loan officers and the firm’s ability to secure funding when traditional lenders have declined applications. For example, one business owner recounts being denied by dealer-preferred lenders and finding success through Loewen. Another highlights the transparent communication and warm service from Shelly Fisher.

However, these reviews have zero bearing on the trustworthiness of a forex brokerage. The review pool is tiny (24) and entirely positive, which can sometimes indicate a managed reputation—though we saw no overt evidence of incentivisation. More importantly, the topics cover boat-loan reliability, not trade execution, slippage, stop-hunting or withdrawal of trading profits. A forex trader seeking to gauge counterparty risk will find no relevant data here. In isolation, the review score is misleading if used to market forex services.

Reviewers consistently mention named representatives who are described as responsive, patient and detailed. One customer notes that Joann Burleigh was ‘extremely easy to work with, very professional, details oriented’. Another says Meagan went above and beyond, even coming to the customer’s home for the closing. This level of hand-holding is common in niche lending but does not equate to a 24/7 multi-lingual support desk for traders.

In a forex context, customer support must handle margin calls, platform outages, withdrawal requests and account verification. The review record gives no indication that Loewen and Associates has the infrastructure for such demands. If you encounter a trading platform attached to this name, the support you receive is likely to be from a completely different entity using the brand fraudulently—and that support will probably vanish once a deposit is made.

No trading platform is mentioned in any review or in the firm’s limited public footprint. Clients describe a paperwork-driven process involving loan applications, not a digital dashboard for managing positions. For a trader, the absence of a known platform like MetaTrader 4/5, cTrader or a proprietary web terminal is a critical missing piece.

We routinely test demo and live accounts to assess execution speed, slippage and platform stability. In this case, there is nothing to test. Any platform purporting to be from Loewen and Associates would be an unknown, unproven piece of software—likely a white-label solution with no regulatory oversight. The risk of price manipulation, backend interference or outright theft of deposited funds is extreme. Without a regulated platform, a trader has no protection against a broker that simply alters prices or refuses to process winning trades.

The reviews describe a loan-disbursement process, not a deposit method. One customer mentions that after denials from other lenders, Loewen funded their boat purchase smoothly. There is no information about payment processors, e-wallets, bank wires or cryptocurrency options that a forex broker would typically offer.

For a forex trader, deposit safety is paramount. Regulated brokers must segregate client funds and provide clear records of where money is held. With Loewen and Associates, there is no transparency on how funds would be handled. If you are asked to send money—especially via wire or crypto to an unknown account—you should assume it is at high risk of loss. The firm’s zero-employee structure does not suggest the capacity to manage client-money compliance.

Reviewers frequently mention quick, smooth experiences. One describes a ‘weekend turnaround’ for a boat loan, and another says the process was ‘quick and easy from start to finish’. Such speed is commendable for time-sensitive vehicle purchases but has no analogue in forex trading, where speed refers to execution latency, withdrawal processing time and server responsiveness.

We have seen unlicensed brokers boast of fast deposits and instant funding, only to delay, frustrate or block withdrawals later. Without a regulatory framework to mandate timely payouts, speed claims are meaningless. The positive speed feedback for boat loans cannot be extrapolated to assume prompt withdrawal of trading profits. A forex operator under this name could easily stall indefinitely, and no consumer protection body would assist.

The loan reviews indicate a thorough documentation process—one customer appreciated how Joann Burleigh ‘paid close attention to details and did not miss anything’ regarding income verification. This suggests some degree of due diligence, which is required under US anti-money-laundering rules for lenders. However, for a forex brokerage, account opening and KYC are different: proof of identity, residence, source of funds and client categorization.

If you are asked to upload your passport, utility bill and bank statement to a website branded Loewen and Associates, there is no guarantee those documents will be stored securely or not misused. The entity has no published privacy policy or data-protection certification. Identity theft is a real possibility when dealing with unregulated, and in this case likely fraudulent, forex offerings.

In the context of marine financing, ‘spreads and fees’ refer to loan interest rates and closing costs, not bid-ask spreads or commissions. One reviewer noted that the firm offered ‘the best rate possible’, and others were satisfied with the terms. But for a trader, this information is irrelevant. A forex broker’s cost structure—floating spreads, overnight swaps, inactivity fees—directly impacts profitability.

Without a live trading account or a published schedule of charges, we cannot comment on trading costs. However, the absence of even a basic forex website advertising spreads is a huge warning. Reputable brokers make their typical spreads and fee structures public. The complete lack of such data for Loewen and Associates reinforces our view that it is not a forex broker and any such claims are fraudulent.

The single ‘profit / payouts’ mention is about a loan being funded with no issues. In forex, profit and payouts mean the ability to withdraw trading gains. This is the #1 pain point for retail traders and where unregulated brokers demonstrate their true colors.

We have no evidence on withdrawal processing because there is no evidence of any trading account. If you are promised profits or shown a dazzling trading dashboard, assume that any ‘gains’ are fictional numbers on a screen. Real money deposited will likely never be returned. The firm’s 37/100 Scam Risk Score reflects the sheer opacity and unregulated status: while no direct scam complaints exist (unsurprising, as there is no forex business), the disconnect between the boat-loan reviews and a forex offer would make any deposit a high-stakes gamble.

Our investigation leads to one unassailable conclusion: Loewen and Associates is not a forex, CFD or spread-betting broker. The data shows a tiny US financing company with a handful of positive boat-loan reviews. Anyone offering forex services under this name is running a scam, piggybacking on the (real) company’s reputation to lure unsuspecting traders.

The 37/100 Scam Risk Score is generous: it accounts for the absence of direct scam complaints but heavily punishes the complete lack of regulation, the mismatch in business activity, and the zero-employee profile. For any trader considering this broker, our advice is simple: stay away. Do not send money, do not share personal documents, and report any solicitation to your local financial regulator.

If you have already deposited funds with an entity calling itself Loewen and Associates (for trading), contact the CFTC or FBI’s Internet Crime Complaint Center immediately. Because there is no regulated brokerage behind this name, the chances of recovering funds are slim, but reporting may help prevent others from falling victim. In the world of online trading, the golden rule is never more apt: if it looks too good—or in this case, too ordinary—to be true, verify. And here, verification reveals a financing company with no forex licence, no forex product and no place in a trader’s portfolio.