Lenz Capital Review – What Rings A Bell It’s A Trading Scam?

In the first place, we have to mention that Lenz Capital doesn’t reveal who founded it, nor does it reveal its headquarters or trustworthy contact details. Once you see that, it’s quite clear their intentions are not good.

But with this Lenz Capital review, you’ll be equipped with knowledge not only for this broker but any other swindler. So make sure to read it until the end.

Legal info: Is Lenz Capital Legit or A Scam?

Even though legal information is not fully transparent, the company should still have a trading license. Of course, chances for that are minimal. But we have to research all top-tier regulatory databases to make everything transparent. As expected, FCA, ASIC, BaFin, or any other top-tier regulator never issued them a license.

It’s quite the opposite. Some of those slapped them with a warning, primarily Spanish CNMV and Belgian FSMA. Generally, after warnings, it’s hard to trust anything the company promotes. Especially funds protection measures.

Who are Lenz Capital’s Victims?

As can be seen, the traders who are most frustrated are from Spain and Belgium. Sadly, without Lenz Capital reviews available, it’s hard to prove exactly what their issues were. But there are hints. 

Firstly, the company has been targeting highly regulated countries like: 

• Japan
• South Africa
• Spain
• Czechia

Secondly, they claim they have more than 60,000 happy customers. Then why are there zero reviews available? Anyway, these are just some of the problems anyone can realize. If you want to refund money as soon as possible from this company, contact us today.

Leverage, Commissions, Spreads, Fees and Taxes

As it seems, the company is only gaining profits through floating spreads, which are not disclosed to the public, of course. Apparently, there are no commissions or fees involved in trading with the Lenz Capital broker. This means they either slap you with insanely high fees later or profit from your deposits. Another possibility is both.

You just have to check their leverage to have a clear vision of whether any of their activities are legitimate. But that’s also hidden, most likely because it would expose everything. Anyway, keep in mind that the maximum allowed leverage in Europe is 1:30, of course, if you trade with a licensed firm. And GIS Capital is not one of those surely.

Bonuses

On top of all scamming activities, the company also offers bonuses of up to 25%. Yet, bonus conditions remain unknown since they require an unknown minimum trading volume to be met before you can make any withdrawals.

Lenz Capital Trading Features

The only features worth mentioning with this company are the negative balance protection and trading signals. Thus, without adequate regulation, can we truly trust that it’s available? 

Anyway, even if it is, it’s irrelevant if you still end up on a zero. Generally, we recommend that traders look for advanced platforms, such as cTrader or Meta Trader, which offer many more options.

Trading Platforms Available

Instead of the mentioned trusted platform options, this company offers only web-based ones. Fairly, not the most trusted option when you know it can be easily manipulated. Even though the company advertises secured trading conditions, with this platform choice, it all becomes highly questionable.

Available Trading Assets

Important to realize is that the company doesn’t offer highly popular cryptocurrencies. Somehow, they expect to attract traders without it. If they do, they can expect options like: 

• Forex – GBP/EUR, AUD/NZD
• Commodities – cotton, natural gas
• Shares – AMD, BMW
• Indices – NASDAQ, DOW JONES

Account Types

Lenz Capital account types don’t reveal any significant benefits to traders. Especially if you decide to deposit more money for some reason. Anyway, all options are: 

• Simple – $300
• Pre-advanced – $3.000
• Advanced – $15.000
• Professional – $25.000

Mobile Trading App

If you were expecting some top-notch mobile apps with this broker, you better start looking elsewhere on time. For trusted iOS and Android apps, you should always look for licensed brokers. But also, you should watch out for some other signs we discover in our StockScale review.

Demo Account

If the company wanted to operate legitimately, it would certainly provide a demo account to its traders. Of course, once you complete the Lenz Capital login procedure, you either deposit $300 or change your phone number. They won’t stop calling until you deposit.

Education

Another sign that the company is not interested in your success is the lack of educational programs. Without these, they can manipulate inexperienced traders as much as they want.

Lenz Capital Withdrawal

Besides the shady bonus policy, there’s also quite an unclear withdrawal policy. The company only reveals the procedure for withdrawal requests but not processing time or fees. 

With this in mind, you can definitely expect delays. For instance, because of incomplete documentation provided, verification issues, or any other non-sense reason they make up.

Customer Support

In case you have any issues with the Lenz Capital app, the only way to reach them is through a web contact form. There’s no phone number, e-mail, live chat, or any other reliable option available. Therefore, the company’s support gets 1-star.

Key Information To Consider About Lenz Capital

After warnings from CNMV and FSMA, there’s no doubt you can’t trust the company’s activities. But even before that, you could realize that from their shady conditions and untrusted platform. However, when you are hyped up about something, it’s easy to get misled. That’s why we understand if you were falling for their tricks.

If that’s the case, feel free to contact our specialists. Once you know your refund options are available, you’ll be relieved. Get in touch today for detailed refund guidance.

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