Broker Review

Unauthorised Firm Details
Name: Lyfelete.com
Website: lyfelete.com

Platform Overview

Lyfelete (via lyfelete.com) is a supposed financial services company that presents itself as a broker, offering investment services. According to its website and promotional materials, it claims to be regulated and licensed, positioning itself as a legitimate platform for trading and investing.

Regulatory Warnings & Scam Alerts

1. False DFSA Claims

   • The Dubai Financial Services Authority (DFSA) issued an alert: Lyfelete claims on its website that it’s authorized by the DFSA, but according to the regulator, that’s false.

   • More seriously, Lyfelete apparently uses a fake version of the DFSA’s Public Register to back up its claims, with a forged license number.

2. Warning from Luxembourg Regulator (CSSF)

   • The Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg also issued a warning: Lyfelete is not supervised or licensed by them.

   • The CSSF noted that Lyfelete is using a different website domain (cert-ssf.org) to represent itself, which raises red flags. Blacklisting & Risk Assessment

   • According to Traders Union, Lyfelete has been blacklisted due to “regulator/gov impersonation.”

   • Their experts strongly caution against dealing with Lyfelete, citing a lack of real, verifiable regulation.

3. No Valid Regulation Found

   • According to the financial risk-aggregator, Lyfelete has no valid forex regulation, which implies that client funds may not be protected in the way they would be with a properly regulated broker.

Conclusion

Lyfelete.com is highly suspect. Despite its professional-looking website and bold licensing claims, several independent reviews and regulatory bodies strongly suggest it is not legitimately regulated. The DFSA’s warning about false claims and a cloned public register is especially alarming.