In this section we will analyze the Lionsbit broker, is a cryptocurrency broker (such as Bitcoin, Litecoin, Dodgecoin or any other currency of this nature).
The broker mentions being part of TW capital LTD as well as the YFX Capital broker, here you can read information about YFX Capital.
As to its location, the broker mentions being based in the Marshall Islands. Although they also mention the company paguas ou, which is based in Estonia, so the broker's base would be in the Marshall Islands or Estonia.
If we analyze the regulation of the broker, The same thing happens with the location of the broker, they are two different regulations, TW Capital Ltd mentions being regulated in the Marshall Islands, and paguas ou mentions being regulated in Estonia, it should be noted that we could not find the regulation of either company.
If now we go on to analyze account types offered by Lionsbit, we noticed that it offers 3 different types: (we had to translate the information, since this part of the web is in Spanish) the Silver Account, the Gold Account and the Platinum Account.
Silver Account: minimum initial deposit of $ 2.500, fixed and floating rate spread, fixed from 1 pip and variable from 0,5 pips, leverage up to 1: 400, minimum trade size of 0,1 lot, 30% bonus when opening a account, withdrawal in 3-5 business days.
It is followed by Gold Account: minimum initial deposit of $ 10.000, fixed and floating rate spread, fixed from 0,7 pips and variable from 0,5 pips, leverage per order, minimum trade size of 0,1 lot, 40% bonus when opening an account , withdrawal in 3-5 business days.
The last type of account is the Platinum Account: minimum initial deposit of $ 25.000, fixed and floating rate spread, fixed from 0,4 pips and variable from 0,3 pips, leverage per order, minimum trade size of 0,1 lot, 60% bonus when opening an account , withdrawal in 2 working days.
You can see even more features about the Lionsbit broker account types in the following image:
The platforms to operate that Lionsbit offers are: Sirix.
We will now analyze the different resources and aids for traders that Lionsbit provides to its clients on its website.
Lionsbit provides the following help or resources to traders or interested parties: explanation of different trading concepts such as fundamental analysis, technical analysis, explanation of instruments such as cryptocurrencies, they also have a section with analysis videos (although they are in English), not much more than that.
Other information about Lionsbit
News in the media (from the Dominican Republic) about Lionsbit
A video in a newscast (from the Dominican Republic) that talks about the Lionsbit company, mentioning many affected and a possible scam by this company, we recommend watching it.
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: + 34-91 0479 719 (Spain)
Email: [email protected]
Ending with this section, in our opiniondo we think the Lionsbit company is trustworthy? We believe not, since it belongs to the same company as YFX Capital a broker with a very negative reputation, we do not recommend Lionsbit.
In addition to this, we have received hundreds of messages from dissatisfied customers (as can be seen in the form of comments at the end of this section, which mention problems with withdrawals or with communication with the broker.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.