Recently, many users have raised concerns about Lyfelete. It may look and feel like a professional platform, but user experience and platform behavior present serious questions that deserve closer attention. In this Lyfelete review, we aim to help you assess whether the platform has proper regulation, transparency, and reliability, and whether it shows any red flags that should be considered before getting involved.
Lyfelete Overview
Company Name: Lyfelete
Website: https://lyfelete.com/
Address: 270 Jermyn Street, Westminster, London, SW1Y 6JE, Great Britain
Regulation Status: Unregulated
Operating Since: 2021-04-13
Warned By: The Cyprus Securities and Exchange Commission (Cyprus) and Dubai Financial Services Authority (DFSA)
What Is Lyfelete?
Lyfelete Ltd is a financial service provider that says it is regulated by the Dubai Financial Services Authority (DFSA) and the Vanuatu Financial Services Commission (VFSC). The company represents itself as having a license to be an investment dealer under DFSA License No. A411636 and VFSC License No. 818795.
The Scam Unveiled
However its claims, the DFSA says that Lyfelete is unlicensed and unauthorized by the DFSA. Lyfelete Ltd has used a fraudulent, cloned version of the DFSA’s Public Register to falsely convey that it is regulated. That false register is a replica of the DFSA’s official Public Register, except that it is hosted on an unauthorized website not associated with the DFSA.
In addition to the DFSA’s warning, the Cyprus Securities and Exchange Commission (CySEC) warned the public on September 22, 2025, that Lyfelete may also be offering financial services or products in Cyprus without authorization.
Key Red Flags
- False Regulatory Claims: Lyfelete falsely claims to be enrolled with the DFSA and uses a fake license number.
- Cloned Public Register: Lyfelete also uses a fake site replicating the DFSA’s Public Register to back up its false claims.
- Not Authorized: Both the DFSA and the CySEC have issued public warnings about Lyfelete.
In conclusion, the information strongly points toward Lyfelete being a scam, and it falsely represents itself as a regulated financial services firm. Investors should be very careful and not invest in this company.
Check the updated list of scam brokers for similar cases
Understanding the Nature of Potential Risks
Forex Trading Concerns
Unregulated forex platforms may promise high leverage or unrealistic returns. With no regulation, price manipulation and spread widening, particularly during times of high volatility, cannot be ruled out.
Crypto Services
If a platform is providing staking or a crypto-related service, it is worth reviewing the structure.
Unverified Bonus Schemes
Some trading platforms will also offer a bonus or promotional funds with buried terms, such as minimum trade volumes before being able to withdraw funds. It can be hard to access your funds later on, and therefore, it is always best to read the fine print.
FAQs
Q: Is Lyfelete a licensed or regulated broker?
A: It doesn’t seem like any publicly available information suggests that Lyfelete.com has a license from any significant financial authorities.
Q: Can I withdraw my funds easily from Lyfelete?
A: There have been some complaints from consumers about difficulties with withdrawals. It’s important to read user reviews and study the platform’s withdrawal policy.
Q: What makes a broker a scam?
A: Common indicators include unregulated status, false promises of returns, withdrawal denial, lack of transparency, and aggressive sales tactics.
Also, read about DixMarkets review.
Final Words
Although Lyfelete may provide a variety of financial services, user-reported concerns and a lack of regulatory transparency indicate that potential investors should do extensive research before committing. You might be able to make a better choice if you compare it to brokers who are subject to regulations.
If you believe you’ve been affected by Lyfelete, feel free to contact us or report a scam through our platform to help others stay informed.
Stay informed. Read broker reviews, compare platforms, and always verify licensing details. For more insights, visit BrokersReviewer.com.
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