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Lagrand Group

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Operating status: SCAM

Website: https://www.lagrandg.com/; http://www.lagrand-gr.com/

Broker violations and abnormal records
  • 2023-07-17 The Swiss FINMA issued a warning against Lagrand Group

    On July 18, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Lagrand Group, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/lagrand-group/

    On July 18, 2023, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning against Lagrand Group, stating that this broker is not entered in its commercial register. https://www.finma.ch/en/finma-public/warning-list/lagrand-group/
  • 2023-07-18 BrokersView has reviewed that Lagrand Group is an unregulated broker

    Lagrand Group, in an attempt to appear real, displays an address in Switzerland. If that claim is true, Lagrand Group is required to be authorized by the Swiss Financial Market Supervisory Authority (FINMA). However, the Swiss financial regulator has issued a warning against Lagrand Group, stating that this broker is not entered in its commercial register.

    In essence, Lagrand Group is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Lagrand Group, in an attempt to appear real, displays an address in Switzerland. If that claim is true, Lagrand Group is required to be authorized by the Swiss Financial Market Supervisory Authority (FINMA). However, the Swiss financial regulator has issued a warning against Lagrand Group, stating that this broker is not entered in its commercial register.In essence, Lagrand Group is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2024-09-08 The OSC issues a warning about Lagrand Group

    On September 9, 2024, the Ontario Securities Commission (OSC) issued a warning against Lagrand Group, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/lagrand-group

    On September 9, 2024, the Ontario Securities Commission (OSC) issued a warning against Lagrand Group, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/lagrand-group

Related Complaints

Q&A

Is Lagrand Group a legal platform?

GilaLawrence
Somalia
2023-07-27
ANSWER Lagrand Group is not a legal platform. It operates without the required authorization and thus its services/products are illegal.Lagrand Group, in an attempt to appear real, displays an address in Switzerland. If that claim were true, Lagrand Group would be required to be authorized by the Swiss Financial Market Supervisory Authority (FINMA). However, the Swiss financial regulator has issued a warning against Lagrand Group, stating that this broker is not entered in its commercial register.In conclusion, Lagrand Group doesn't comply with relevant laws. Investors using this platform are exposed to significant risks, such as financial losses and identity theft, as there are no rules in place to safeguard them. Therefore, we strongly suggest investors stay away from unlicensed brokers like Lagrand Group and instead choose a fully regulated one.
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