Forex Brokers

Lenmax (Imposter)

1.2 (12 reviews)
🇳🇿 New Zealand
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1.2
12 reviews
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About Lenmax (Imposter)

Lenmax (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Terrible in every aspect

M
Maya G.
3 days ago

I have been trying to close my account with Lenmax (Imposter) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Excellent charting|Economic calendar|Dedicated account manager|Regular platform improvements

Cons: Limited social trading features|No dark mode on mobile

Amateur hour at Lenmax (Imposter)

A
Anna X.
1 months ago

After using Lenmax (Imposter) for about eight months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Excellent charting|Fast deposits|API access|Detailed reporting

Cons: Cannot customize dashboard fully

Transfer to another broker refused

O
Oliver K.
2 months ago

Lenmax (Imposter) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Multi-currency support|Low minimum deposit

Cons: Live chat only during business hours

Checked with regulators - they're not licensed

G
George S.
3 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Lenmax (Imposter) has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Listed in warning databases|No transparency|Pressure to invest quickly

Currency margin requirements unclear

G
Gavin D.
4 months ago

I found Lenmax (Imposter) through my accountant's suggestion and the initial impression was positive. But for about eight months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: High security standards|Fast support response|Responsive team

Cons: Minor UI glitches occasionally

Nothing but problems since day one

C
Carl T.
5 months ago

The reporting at Lenmax (Imposter) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: Customizable dashboard|Excellent charting|Great customer service|Regular platform improvements

Cons: Mobile app could be improved|Inactivity fee applies after 12 months

Support ghosted me

D
Daniel R.
5 months ago

My card was charged twice by Lenmax (Imposter) on the same day. I had to dispute it with my bank. Lenmax (Imposter) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Market news feed|Professional team

Cons: Website design could be more modern|Desktop app not available on Linux

Never again with Lenmax (Imposter)

D
Diana C.
6 months ago

My withdrawal from Lenmax (Imposter) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about five months of being strung along.

Pros: Quick verification|Full transparency|Instant funding|Demo account available

Cons: Onboarding videos are outdated

White label of a bad platform

A
Aria W.
7 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Lenmax (Imposter) said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Dividend tracking|Tax reports included|Detailed reporting

Cons: Email notifications too frequent

Cannot withdraw funds - classic scam

V
Victoria K.
9 months ago

Tried to withdraw my funds from Lenmax (Imposter) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.

Cons: Lost entire investment|Reported to authorities|Unresponsive