Lagrand Group Review – Group Of Crooks With Fake Online Publicity

The fraudsters’ website may seem inviting, but hides a dark secret beneath the shiny veneer, for Lagrand Group. Nearly everything you see on lagrandg.com is either embellished or outright false.

See our Lagrand Group review to find out all about their multiple regulatory breaches, and learn how to stay safe when trading.

Blacklisted By Swiss FINMA

Lagrand Group is a shady website that contains no legal information about the company, only a single address in Switzerland. The firm is not licensed to operate in Switzerland, however, as we can see from the FINMA warning.

This same warning was further disseminated by IOSCO, in an effort to raise public awareness of this company online fraud. The firm is not a licensee of FCA, BaFIN, FSMA or any other regulator.

The EEA is one of the most strictly regulated financial markets in the world. Brokers operating in this zone must provide fund safeties such as compensation funds, negative balance protection and segregated bank accounts.

Lagrand Group is in violation of many of these regulatory standards, as they fail to provide any safeties. The firm doesn’t allow any payouts either- they just steal the client’s money, and call it a day.

Misleading Online Content

The Lagrand Group website contains copyright dating back to 2020. The Whois register clearly shows that the lagrandg.com website was only launched in mid-2023, however.

Their scheme is mostly oriented towards clients from these nations:

• Canada
• United Kingdom
• Latvia
• United States

In an effort to gain popularity, this firm uses paid content on shady websites. These are all over the internet, and provide excellent grounds for Lagrand Group boiler room agents.

The same agents will encourage their marks to install AnyDesk or TeamViewer. With these programs, the swindlers can gain full access to the victim’s data and extort them by locking their files for ransom.

Fake Reviews On The Web

Another part of the deception revolves around fake testimonials on sites like TrustPilot. Here, we can see the work of review seller networks, in Lagrand Group’s attempt to hide their true intentions by posting paid comments.

Simply requesting a payout from this company won’t get you your money back. Contact our chargeback experts, and book a free consultation for help with asset recovery.

Huge Leverage And Hidden Costs

We can see Lagrand Group blatant disregard for regulations with their max leverage of 1:400. This leverage is above what is allowed in Europe or North America, where max leverage is 1:30 and 1:50 respectively.

Swaps are outlined in great detail, but there is no information about spreads with any of Lagrand Group trading instruments. Theis broker claims not to charge any commissions or deposit and withdrawal fees.

Bonuses And Referrals

Lagrand Group doesn’t discuss the amount of bonuses, but they have a strict bonus policy. Clients must achieve a necessary trading volume requirement within 60 days of accepting the bonus.

Otherwise, the bonus will be withdrawn, and if the client’s balance is insufficient this firm will ask for additional payments. There is also a referral program similar to the one with the OrbiTrade con scheme.

Obscured Trading Features

For people casually browsing lagrandg.com, many trading features are either hidden or poorly defined. Account details for the Legrand Group login are one example of this.

The Lagrand Group trading applications are lackluster, and you’ll have to dig deep to find out about their trading instruments.

Available Trading Platforms

Lagrand Group provides the basic Web Trader, like with the GoldenrodFX scheme. It is favored by faux brokers, as it allows them to easily manipulate the prices.

The available Desktop Trader app is nowhere near the quality of renowned platforms like MT4, MT5 or cTrader.

Instruments Available For Trade

The individual trading instruments are not outlined in their respective web pages on lagrandg.com. You can find them instead in the Swap calculation table.

Here are the alleged trading instruments:

• Forex (EUR/USD, GBP/CHF, NZD/AUD, USD/JPY)
• Cryptocurrencies (Bitcoin, Ethereum, Ripple, LiteCoin)
• Metals (Gold, Silver)
• Energies (Natural Gas, UKOil, USOil)
• Stocks (Siemens, Lufthansa, Nvidia, MasterCard)
• Indices (UK100, VIX, JPN225, NAS100)

Tiered Live Trading Accounts

We were prevented from creating a Lagrand Group login due to the malfunctioning account creation portal. The advertised accounts are tiered, with no information about how much they cost.

Higher tiers allegedly provide more trading perks:

• Silver – Leverage 1:100, no swap discount
• Gold  – Leverage 1:200, swap discount 25%
• Platinum – Leverage 1:400, swap discount 50%

Lagrand Group does not provide a free demo for market testing purposes.

Dubious Mobile App

Mobile app on Lagrand Group is only compatible with Android devices. It can’t be downloaded through Google Play, which brings the security of this app in question. Clients can opt to install the app directly from lagrandg.com website.

Problematic Withdrawal Policy

This company accounts are not eligible for a payout for 30 days after creation. There is also a trading volume requirement, a minimum of 3% of account margin, and a minimum withdrawal amount of $50.

Knowing how the this company operates, it is unlikely their users will ever be eligible to withdraw. You may rely on our chargeback experts to help you with Lagrand Group withdrawal.

Nobody Cares About Customers

We would call the Lagrand Group customer support ridiculous, if it weren’t such a serious issue. They do provide several phone numbers, but don’t expect anybody to answer your call. You may opt to send an email, or leave a message in the live chat with similar results.

What Can You Do To Get Your Money Back?

Don’t let the many positive reviews fool you- Lagrand Group is a nest of wicked snakes, out to get your money. This group of charlatans operate an anonymous website which is already blacklisted by FINMA and IOSCO.

There are still ways to recover your funds from these con artists! Contact our legal experts through the live chat at any time, and book a free consultation. With our help, you can still recover your money.

FAQ Section