L7Dex Review: Scam Or Legit? | Recover Lost Funds

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Is L7Dex a scam? How to recover funds from L7Dex? Find the answers to all these questions and more in this guide.

L7Dex has been identified as a risky opportunity by Intelligence Commissioner users. We’ve received over 3 complaints against L7Dex.

L7Dex advertises itself as a decentralized perpetual contract trading platform, but it is a sham. Undisclosed ownership, a lack of tangible products, and recruitment-focused tactics reveal its pyramid structure. It raises concerns about sustainability and legitimacy by offering daily returns and lavish compensation plans.


Key Takeaways

L7Dex has lost investors thousands of dollars
L7Dex website owner is anonymous
Vague terms of service

Is L7Dex Regulated? Do They Have a License?

In the world of cryptocurrency trading, it’s crucial to be aware of potential scams that promise lucrative returns but ultimately leave investors empty-handed. One such platform that has raised eyebrows in recent times is L7Dex. Operating under the guise of a “decentralized perpetual contract trading platform,” L7Dex has come under scrutiny for its questionable practices and lack of transparency. In this investigative report, we will delve into the details of the L7Dex scam, exposing the truth behind the platform’s operations and shedding light on the risks associated with it.

One glaring red flag when assessing the legitimacy of L7Dex is the lack of ownership and executive information. Despite having two websites, l7dex.com and l7dex.finance, neither provides any concrete details about the individuals running the platform. This absence of transparency raises suspicions about the true intentions of L7Dex and leaves potential investors in the dark regarding who they are entrusting their funds with.

L7Dex’s marketing efforts seem to be targeting a wide range of countries, with Germany, Italy, the Netherlands, Hungary, and the UK being the top sources of traffic to the platform. Interestingly, a German accent is apparent in the official English presentation on YouTube, suggesting a deliberate attempt to appeal to a diverse international audience.

One of the most concerning aspects of L7Dex is its lack of retailable products or services. As an affiliate, your only option is to promote L7Dex affiliate membership itself, which is a clear indicator of a pyramid scheme structure. This model heavily relies on recruitment to sustain its operations, rather than offering any tangible products or services.

The lack of regulation or the presence of poor regulation is a huge red flag. It means L7Dex is a scam and most likely, an illegal operation.

Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.

That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.

In the case of L7Dex, victims have nowhere to go due to the absence of a watchdog or license.

You should ask yourself the following questions when you come across a new investment firm or opportunity:

  • Does the investment provider maintain transparency about its CEO?
  • Do they have a license from a renowned regulatory authority?
  • If the need arises, can I reach out to an authority to report this company as a scam?




Trading Conditions and Deposit/Withdrawal Methods at L7Dex

To participate in the L7Dex scheme, affiliates are required to invest a minimum of 100 tether (USDT). The platform promises a daily return of 1.5% on these investments. However, it’s important to note that the returns are paid out in LUSD and LSD tokens, which must be converted back into USDT within the L7Dex platform itself.

L7Dex accepts investments in the form of tether (USDT), a stablecoin pegged to the value of the US dollar. However, it’s important to note that the returns are paid out in LUSD and LSD tokens, which must be converted back into USDT within the L7Dex platform.


L7Dex offers a ROI match through a unilevel compensation structure. Affiliates receive a percentage match on returns paid out to their downline. The ROI match is limited to two upline levels and two downline levels. However, the match is restricted based on the amount invested by the affiliate themselves[^1^]. For instance, if an affiliate invests 100 USDT and their upline invests 1000 USDT, the affiliate will only receive a 5% match on their own investment, rather than the entire 1000 USDT.

Additionally, L7Dex imposes penalty fees based on the duration of withdrawal. The longer an affiliate waits to withdraw their funds, the higher the penalty fee. This fee structure is designed to discourage affiliates from withdrawing funds, ultimately benefiting the platform by keeping funds within the system for as long as possible.

However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.

They might give you multiple reasons including:

  • A technical error
  • A glitch in their system
  • Banking issues
  • A “hacking attack”

And many others.

But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.

If you want to get your money back from a scammer, you’d need to file a chargeback.


L7Dex Customer Service: Do They Handle Complaints Well?

Given the lack of transparency and ownership, it’s difficult to assess how L7Dex handles complaints. Without a clear line of communication or a dedicated customer support team, investors may find it challenging to voice their concerns or seek resolution for any issues they encounter.

When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.

In the beginning, scammers tend to remain very accessible.

This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.

However, they do all this just to win your trust.

Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.

Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.

All of a sudden, their numbers would either stop responding or become unavailable.

Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.

However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.

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L7Dex Reviews: What Do Others Say?

Scouring the internet for customer reviews and experiences with L7Dex reveals a concerning pattern. Many individuals express frustration and disappointment with the platform’s lack of transparency and failure to deliver on promised returns. These accounts further reinforce the suspicion that L7Dex is operating as a scam, preying on unsuspecting investors.

It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

Scammers like L7Dex tend to purchase fake reviews for their online profiles to make themselves seem more credible.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why you shouldn’t trust L7Dex reviews easily.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of L7Dex, chances are, you wouldn’t find many legitimate reviews.

Another prominent way scammers like L7Dex enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.

This way, when you’ll look up “L7Dex reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising L7Dex.

L7Dex reviews coverage

You should always look out for consumer complaints. In the case of L7Dex, the most common complaints I found were about:

  • Poor customer support
  • Delays in payments
  • High fees and charges
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about L7Dex? You can share your complaint in the comment section or submit an anonymous tip.


Is L7Dex Legit Or Scam?

L7Dex being a scam disguised as a decentralized perpetual contract trading platform. The lack of ownership information, absence of retailable products or services, and heavy reliance on recruitment are all telltale signs of a pyramid scheme. The platform’s promise of daily returns and extravagant compensation plan raises further doubts about its sustainability and legitimacy. Potential investors must exercise caution and thoroughly research any investment opportunities to avoid falling victim to scams like L7Dex.

L7Dex is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.

The lack of a license means they are not answerable to any regulatory authority. As a result, the people behindL7Dex can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.

The absence of a watchdog also means you cannot report to them to anyone.

Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.

Can You Trust L7Dex?

All the evidence suggests that L7Dex is a scam. If you have lost money to them, there is still a chance you can get it back.

To recover your funds, you’d need to file a chargeback.

Frequently Asked Questions

Is L7Dex a scam?

According to the online reviews of this company, it’s highly probable that L7Dex is a scam. You should exercise caution when dealing with them.

Can I withdraw money from L7Dex?

Yes, you can withdraw your funds from L7Dex by getting in touch with one our experts. Get your money back immediately.

Where is L7Dex Located?

There is no information available on the location of L7Dex.

How do I get my money back from L7Dex?

To get your money back from L7Dex, you can file a chargeback. Learn more here.

How The L7Dex Online Scam Works

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have recieved a signicant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.


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L7Dex Review: Scam Or Legit? | Recover Lost Funds
L7Dex Review: Scam Or Legit? | Recover Lost Funds

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