Laxsson Review – Alleged AI Investment Firm Operates From A Basement
Without clearly stating their line of business, this shady website will try to convince you how their firm is a “leading artificial intelligence platform”. The main goal is to supposedly use the advanced AI technological solution to empower traders and help them fulfill their financial goals.
Big talk aside, a deep dive into this case brought up some disturbing results. Not only is this conduct not subject to any regulatory oversight, but they’re also an anonymous scheme designed to deceive novice investors.
In order to prevent this sham from misusing your trust, take a look at what we learned about their firm in the following Laxsson review.
|Regulated by:||Unregulated Crypto Investment Firm|
|Is This Company Safe?||Unlicensed entities do not provide supervised services and should not be trusted!|
|Have Warnings from:||N/A|
|Registered in:||US (alleged)|
|Maximum Leverage:||No leveraged trading available|
|Trading Assets:||Crypto (BTC, ETH, LTC)|
|Free Demo Account:||Not available|
|How to Withdraw from This Company?||Getting your money out of this one requires help from an experienced professional.|
Lies Instead Licenses
Virtual assets service providers in the US are subject to strict regulatory standards in order to obtain a license to offer and sell such services. If we take a look at the NFA database of certified members, we will not find this firm on the list.
Since the company is not a supervised entity that operates under regulatory directives of FCA, CySEC, BaFIN or any other authority, they’re clearly a fraud. The lack of transparency about their business is another solid proof of that. The NY address is clearly fake and no other corporate details are given. BW.com is another form of online trickery that functions similarly to this one.
There’s no other conclusion to come to except to be extremely cautious if ever approached by this firm and keep your funds safe. A properly regulated platform will provide appropriate protection, security and support.
Lurking On Social Media
A quick look into the WhoIs register tells us that the scam was launched in 2023, targeting people from these particular countries:
- United States
- United Kingdom
Many of the investors come to the platform after seeing misleading ads on Facebook, or one of the many profiles on TikTok. Wannabee social media influencers on these sites are paid to lure the potential investors into a trap.
Customers Are Not Satisfied
When it comes to customer testimonials, this investment firm really has nothing to brag about. If you look up their TrustPilot page, you will see that nearly all comments are negative.
There has been an attempt of a cover up, with the few positive comments belonging to paid affiliates or review seller networks. As all the commenters openly complain about denied withdrawals, it might be best to seek the aid from a chargeback expert before it’s too late.
Relevant Information Is Restricted
Inability to access any form of legal documentation has led us further into thinking how terrifying it is to attempt to sign up with such a dishonest service provider. Instead of clearly publishing the fee structure and other particularities of the trading process, the website remains maximally opaque.
In the light of these findings, we couldn’t help but conclude that this exchange is completely untransparent and secretive about every last detail. When circumstances are such, there’s only one thing left for a trader to do: choose an honest and properly regulated crypto provider instead.
What Is Known About Features
The poorly designed website won’t walk you through their offers, platform performance or other concrete trading features. Where you’d expect a web presentation about the software, account types and instruments provided, you’ll only get empty promises. That cannot be useful in the long run, let us explain why.
AI Software Is Only Marketed
This alleged enterprise-level AI underlying platform is advertised as a sort of a technological miracle. It was designed with the aim to facilitate the trading process and empower traders to earn quick effortlessly.
Needless to say, there’s no software in sight or any download links for it. You’re just expected to believe a fraudster’s word for it and invest, which is absolutely ridiculous.
Digital Assets For Trading
The company focuses on crypto assets as their main and only financial instruments group available for buying and selling. Some of the often mentioned digital currencies supported are BTC, ETH, LTC, and ETC. Unfortunately, without a proprietary trading portal, it is uncertain how this sham has imagined trading to go at all.
Limited Registration Options
The Laxsson account opening isn’t an easy process. No where does the website offer you to register for a new login. In that sense, no account information is disclosed, including the features, options, or even deposit requirements.
The point is forcing you to contact the swindler in order for them to obtain your contact details. After that, they can pursue you relentlessly in order to convince you to invest with their fictitious AI-based investment solutions.
Anonymous Payment Facilitators
Con artists usually work hand in hand for better coverage and efficiency. Crypto scams commonly revolve around the fake offer paired up with anonymous crypto funding channels. These transactions are hard to trace and require the usage of specialized, more sophisticated tools and software.
Luckily for you, our company is well equipped for such purposes and can help you easily track your crypto transfers and where the funds have gone to. All you need to do is get in touch with our support agents and you can get help to combat the cyber criminal until your cash is restored.
Limited Support Work Hours
Many of these fraudulent companies, like XpertMarkets for instance, don’t have an actual customer support team. Sure, the firm claims Laxsson support to be available via phone, but the line is dead. Even if it were available, the short working hours (8 hour workdays, and 4 hour weekends) means you can’t easily reach the agents.
Got Scammed? Get Professional Help!
This company surely likes to push the idea of successful AI development. In reality there is no AI software, no advanced trading strategies, and no regulation or compliance. The entire thing is just one big Ponzi, luring and trapping investors through social networks.
As of late, we have received a large number of complaints about Laxsson withdrawals being disabled. The trap has been sprung, and it takes the work of a professional to recover any assets. Book a free consultation with our chargeback experts, and start your recovery today!
Is Laxsson legit?
This cryptocurrency investment firm is completely illicit, and does not adhere to any regulatory constraints.
Can i get money back from Laxsson scam?
Recovering money from this con scheme is extremely difficult without professional help.
What do I need to do if I get scammed while trading online?
Report the case to the relevant authorities, as well as your bank. For help with recovery consider booking a consultation with our team of experts.