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Loeb King Capital Management
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A United States regulator warning has been issued against Loeb King Capital Management in September 2023
Loeb King Capital Management is a brokerage firm that offers various financial services to its clients. The company claims to have over 20 years of experience in the industry and to provide personalized and professional advice. But is Loeb King Capital Management legit or scam?
In this blog post, we will review some of the aspects of Loeb King Capital Management that may raise some red flags for potential investors. We will also compare Loeb King Capital Management with some of the reputable and regulated brokers in the market.
Some of the warning signs of Loeb King Capital Management are:
- Lack of regulation: Loeb King Capital Management does not have any license or authorization from any reputable financial regulator, such as the FCA, ASIC, CySEC, or NFA. This means that the company is not subject to any oversight or protection for its clients’ funds and data.
- Unrealistic returns: Loeb King Capital Management promises its clients high returns on their investments, such as 10% per month or more. However, these claims are not backed by any evidence or track record. Moreover, such returns are unrealistic and unsustainable in the long term, especially in the volatile and risky financial markets.
- High fees and commissions: Loeb King Capital Management charges its clients hefty fees and commissions for its services, such as withdrawal fees, account maintenance fees, inactivity fees, and performance fees. These fees can significantly reduce the profitability of the clients’ investments and may even result in losses.
- Negative reviews and complaints: Loeb King Capital Management has received many negative reviews and complaints from its former and current clients on various online platforms, such as Trustpilot, Forex Peace Army, and Scamwatcher. Some of the common issues reported by the clients are difficulty in withdrawing their funds, poor customer service, aggressive marketing tactics, and unauthorized transactions.
In contrast, some of the features of a reliable and trustworthy broker are:
- Regulation: A regulated broker has a license and authorization from a reputable financial regulator, such as the FCA, ASIC, CySEC, or NFA. This means that the broker is subject to strict rules and standards regarding its operations, such as segregation of client funds, protection schemes, anti-money laundering policies, and dispute resolution mechanisms.
- Customer support: A customer-oriented broker offers responsive and helpful customer support to its clients via various channels, such as phone, email, live chat, or social media. The broker also provides educational resources, market analysis, and trading tools to assist its clients in their trading journey.
- Positive feedback: A reputable broker has a good reputation and feedback from its clients and industry experts on various online platforms, such as Trustpilot, Forex Peace Army, and Scamwatcher. The broker also has awards and recognition from reputable organizations and publications.
Based on these criteria, we can conclude that Loeb King Capital Management is not a legit broker but a scam. Therefore, we advise our readers to avoid this broker at all costs and to choose a regulated and reputable broker instead.
What to Do If You’ve Lost Money with Loeb King Capital Management?
If you have been scammed by Loeb King Capital Management or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.