This review is about a Forex scam called the „Lion Fund“.
We usually review binary options scams, but this time we had a look at what Forex scammers have to offer, because it is very similar.
According to the presentation Lion Fund is a private institutional-quality program using a strategy that is achieving great returns thanks to Forex trading. You can get in this program for free, you just have to pay some performance fees.
Lion Fund is a scam
Lion Fund has been around since last year, but under the name of Fortress Fund. It used the same presentation, look at the image on the right.
Even now when you use the old Fortress Fund link you are redirected to the Lion Fund. Renaming programs that quickly is usually a proof of scam.
Performance
The Lion Fund shows an impressive performance, but unfortunately it does not seem real. Think of this, who would turn $25,000 to $2,000,000 in two years and not withdraw a single cent?
We have seen a lot of complaints about programs on FX Stat not performing in reality as they should. Other data are missing, why does Lion Fund not provide links to other web sites they mention? We tried to look for Lion Fund on MyFXbook, FXBlue and ForexVerified with no success.
Audit
The audit of the Lion Fund’s results has been allegedly made by an accountant called Nuruddin Jassa. We wanted to check using the provided address, but the web site accountant.com is down.
But even if this person looked at the data, we doubt that he is an expert in Metatrader coding to verify that the stats script has not been manipulated.
Testimonials
Lion Fund’s testimonials are great fun too, we immediately recognized a famous binary options scammer called George S.
This guy is in fact a Fiver actor (see image), so he will support any scam you pay him for.
So Lion Fund testimonials are fake.
Knight Capital
The common thing with binary options scams is that Lion Fund won’t let you use their system unless you deposit money with a broker of their choice.
Lion Fund pushes you to Knight Capital, which is an unregulated broker allegedly based in Finland, but we doubt it, because they don’t provide a complete address. So your funds are not insured with this broker.
And Knight Capital does not have anything in common with the regulated Knight Capital Group.
Conclusion
Lion Fund is an obvious scam designed to earn affiliate commission to its authors by pushing you to deposit with an unregulated broker. So stay away from it.
We can only repeat that you should never trade anything with your money unless you were allowed to try it on a free and independent demo account.