Reported as a scam / unregulated
Why LGTrading is on the register
LGTrading claims to be regulated by the MWALI International Services Authority (MISA), but it provides two different licence numbers: BFX2024003 and BFX2024145. Searching these two numbers separately revealed that the former belongs to a completely different company whose operating brand is TASS. The company to which the latter licence belongs is indeed called LGTrading Limited, but the licence has been suspended. Therefore, the MISA regulatory information claimed by LGTrading is invalid. It is likely that it does not currently hold any licences and is trying to mislead investors with expired licences. Therefore, LGTrading is likely to be 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 toward the right next step. We are 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.