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Lenz Capital Review: Is It a Scam? Let’s Explore the Truth! (Update 2024)

Lenz Capital Review
This is a user-generated post. Gripeo does not take responsibility for the accuracy of any statements made in this post.
Lenz Capital has received warnings from prominent financial regulators. Should you still trust them with your money? Find out the answer here.

Lenz Capital is nothing more than a scam,  which has already been exposed by the financial authorities in Spain. With an increasing number of these platforms, traders must conduct research and assess various services before investing.

Lenz capital logo

The review will be focused on the legitimacy of Lenz capital, analyzing some of its features, as well as the dangers involved with using this platform.

Before we get started with this review
Such posts are made possible by the collective efforts of our contributors. If you can provide any kind of insight into Lenz Capital or a similar company/individual, then share your information with us using our secured form.

You can help us put a stop to online scams before they grow too big and end-up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.

What is Lenz Capital?

Lenz Capital is an online trading system that uses computer software to perform trades in a networked environment. This website claims to help anyone to make money online by trading stocks, commodities, currencies, indices, bonds, and even cryptocurrencies.

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In addition to trading cryptocurrencies, Lenz Capital also claims to provide numerous investment options that allow users to earn a percentage of their investment back in a short period.

Lenz Capital Regulation 

To begin, consider the recent warning issued by Spain’s National Securities Market Commission (CNMV) against Lenz Capital, which exposes the website as a scam. Look at this:

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(Source)

Even without the warning, it is clear that Lenz Capital is a scam. For example, the website looks to be completely anonymous – there is no business address or corporate history, no company name, just some odd e-mails and phone numbers available.

Our Methodology

We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.

All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.

These reports are made possible by the collective efforts of contributors like you. If you would like to become a contributor then contact us here.

5/12/2023 Update
As of now, Lenz Capital has not responded, nor has it apologized for its misdeeds. They have ignored our efforts to highlight the problems faced by their victims. Furthermore, they have only focused on propagating their fake PR.
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Furthermore, there is not a single word mentioned about a licence or authorisation, which should be enough for you to convince that the website is not to be trusted.

Lenz Capital Trading platform

Lenz Capital claims to provide a unique, user-friendly, cutting-edge trading terminal, but in reality, it only provides a simple web-based platform. You can see an example of it in the screenshot below.

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Payment methods of Lenz Capital

According to Lenz Capital, card payments and bank wire transfers are accepted. In real terms, card payments were only allowed through a third-party website named “abncbp.com,” with crypto coins such as Bitcoin, Ethereum, and USD Tether serving as your only other payment option. 

That is not unexpected given the fact that a crypto payment can never be reversed, even if you realise you have been scammed. Not to mention that you have no way of knowing who the Bitcoin wallet to whom you are sending your money belongs.

If your payment is made in a more conventional manner, such as with a VISA or a Mastercard, and something goes wrong – for example, you are defrauded – you will still have a way out of the difficult scenario if you file a chargeback with the bank that issued your debit or credit card. 

And that is exactly what you should do if you are dealing with unregulated and practically anonymous thieves like Lenz Capital.

Lenz Capital Withdrawal Requirements

Remember that with unregulated providers like Lenz Capital, withdrawals are too risky. Consider the outrageous withdrawal processing and handling fees which typically exceed 20% and must be paid regardless of whether your withdrawal request is later authorized or not.

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Further, if you have been scammed into accepting a trading bonus of any kind – Lenz Capital does offer generous welcome bonuses of up to 25% – you will soon discover that the welcome bonus in question comes with strings attached – some formidable minimum trade volume requirement, designed with the sole purpose of preventing you from making any withdrawals at all.

Lenz Capital Red Flags

  • No Owner & Founder Information: The website owner does not provide any personal information. If Lenz Capital is real, legitimate information about the owner must be present on Website. However, in this situation, Lenz Capital does not have one.
  • Duplicate Website Content: Lenz Capital uses the same material & not have any original content. This means that information found on the Lenz Capital website can also be found on other websites.
  • Poor Trust Score: The Lenz Capital website has an extremely poor Trust Score. According to research, a suitable trust score for a website should be between 25 and 50 points. However, if a site has more than 60 points, it is a reputable and trusted site.

Lenz Capital Pros and Cons

Pros

  • Non-worth mentioning

Cons

  • Blacklisted as a scam by financial authorities in Spain
  • No legit Forex license
  • Virtually anonymous website
  • No reliable trading software
  • Lack of Information
  • Poor Trust Score

Why should not you trust Lenz Capital?

According to their website, they are not regulated by any agency. That is a major red flag, and it should be enough for you not to invest with them. They also collaborate with websites that advertise “Automated trading software,” which is another red flag because this type of website is notorious for scamming schemes.

So, Lenz Capital is just another unregulated forex broker, which means users aren’t safeguarded, and it is quite likely that they will get away with your hard-earned money with no regulatory organization to hold them accountable.

How does A Forex scam work?

Unregulated forex brokers typically operate in the following manner. They will reach out to individuals to convince them to pay the initial minimum deposit. And they will use every technique possible to achieve their goal. They will present deals that appear to be too good to be true. For example, we will easily double your initial amount or you will earn $100 per day. 

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Please do not believe whatever they say because it is a fraud. Following the initial investment, clients are transferred to a more sophisticated scammer known as a “retention agent,” who will attempt to extract additional funds from you. 

Also, one thing we should mention is that you should not believe any positive Lenz Capital reviews you find online. They pay for websites and services to boost their internet reputation by posting positive feedback about them.

How to Find Out Online Scam

There are a few steps you can take to determine whether or not a website is legitimate.

  • To begin, use a domain registrar tool such as WHOIS to examine the website’s domain name registration facts. This will tell you when the domain was registered. Also, you’ll find out who registered that domain as well as their location. It could be a red flag if the website was recently registered or if the facts are hidden.
  • Second, look for internet reviews of the website. See what others are saying about the website on Facebook and other platforms as well as forums, and review sites. If there are a lot of unfavorable reviews or complaints about the website, you should probably avoid it.
  • At last, when examining the website, you can use your discretion and intuition. Does it appear to be professional and well-designed? Are there any grammatical or spelling mistakes? Is it asking for personal information or payment information too soon? These are key things to examine while evaluating the legitimacy of a website.

Before using any website, conduct your research and make an informed decision, especially if it concerns personal or financial information.

Conclusion

Lenz Capital, which claims to be a trustworthy online trading platform, is a scam. We hope to save as many people as possible from losing their hard-earned money through such reviews. A good rule of thumb is to thoroughly investigate all Forex companies, as well as any other company, before engaging in any transaction.

Lenz Capital Review: Is It a Scam? Let’s Explore the Truth! (Update 2024)
Lenz Capital Review: Is It a Scam? Let’s Explore the Truth! (Update 2024)

Michael Whitaker
2 Comments
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  1. Hallo,
    I am Ladislav Bartoš from Czechia.
    This scenario I had with company ONEX, now I have on Binance blocked over 30t USD.
    Please inform, that ONEX works the same as Lenz, it is criminal fake.

    LB

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