Caution! Lucid7options is an offshore company! Your funds may be at risk.
Lucid7options Key Facts
🔴 Lucid7options sells suspicious products and services. A scam sign!
🔴 Lucid7options doesn’t operate transparently. Red flag!
🔴 Lucid7options have no license to offer financial services. Red flag!
🔴 Lucid7options claims it’s not a Ponzi scheme. A disturbing sign!
Lucid7options products and services
Lucid7options offers cryptocurrency investments by introducing fixed-income packages. For example, their Bitcoin package is said to bring 6% annually. It’s not strikingly bad, but the digital coins are very volatile and risky assets with no guarantees. Bitcoin is known for a quick jump to 20 000 USD followed by a drop to almost 3000 USD. There is nothing guaranteed with Bitcoin, so most of the legit companies do not even consider offering fixed-income products based on crypto investments.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Lucid7options company and regulation
How would you describe a business boldly claiming that it has nothing to do with a Ponzi scheme? It’s a rhetorical question, of course, so let’s begin. Lucid7options.com is a website run by Lucid7options. But that’s a problem as there is no such company in existence. We also couldn’t associate this domain with any licensed business, therefore Lucid7options.com is simply a fraudulent website. We urge investors to avoid scam schemes like this one and trust only licensed and properly regulated companies. Read on to find out why.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Lucid7options address and contacts
Lucid7options doesn’t list an address, which once again confirms it’s a shady enterprise. However, that’s to be expected because it’s a top priority for scammers to remain anonymous and difficult to trace. The contact number provided is (+1) 704 3275 233, a US phone clear of spam reports.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Lucid7options.com website info
Lucid7options.com is a domain name registered on 07th of October 2020, so it’s less than six months old at the time of writing. It’s registered on Netherlands IP address: 188.8.131.52 co-hosting 75 websites. Most of the domains are associated with fishy investment schemes.
Alexa doesn’t even rank this domain, so it’s an obscure website people do not trust. The Alexa ranking isn’t a key determinant, but the lack of popularity isn’t a good sign.
Here are other shady investment schemes based on the same IP:
|FX Cloud Vest|
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.