Reported as a scam / unregulated
Why LEX is on the register
LEX claims to be an experienced broker while presenting neither details about its regulations nor legal documents (terms & conditions, risk disclosure, and privacy policy, etc.). Lacking the above information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. Besides, LEX presents three of its branches in the British Virgin Islands, Hong Kong, and China mainland. First, as per the information we hold, there are no authorities that issue licenses for forex trading or regulate entities that offer forex activities. Second, we did not find any match results to LEX in the British Virgin Islands Financial Services Commission (BVI FSC) and the Hong Kong Securities And Futures Commission (HK SFC). The truth is that LEX is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.