Review on Longsharks

The website Longsharks.com (operating also as “Longsharks Capital” in its marketing) presents itself as an online forex and cryptocurrency trading platform. According to its homepage, it offers global trading access—stocks, currencies, commodities and crypto—with promises of “instant trading,” “real-time insights,” “tight spreads,” and “secure transaction” infrastructure. 

On the surface, it claims to help users open an account, fund it, and then trade with advanced tools and low fees. However, a detailed investigation reveals numerous serious concerns: the platform is not regulated by any reputable financial authority, domain registration is very recent, and multiple website‐reputation services assign extremely low trust scores. 

In other words: Longsharks.com claims to be a legitimate broker/trading service but lacks the regulatory, operational and transparency credentials typically required of trustworthy forex brokers. This review will walk through key observations, pros/cons, and post‐analysis of whether the site is likely a scam (or should be treated as one) before concluding with actionable advice.

More Details

After reviewing the available data, we conclude that Longsharks.com should be regarded as high risk and likely a scam. Here’s why, in depth:

1. Regulatory Non-Compliance
   Legitimate forex brokers operate under strict regulatory frameworks. They must disclose their licence number, regulatory body, jurisdiction, segregated client funds, regular audits, etc. Longsharks.com fails to provide verifiable evidence of any such regulatory status. This alone is a serious red flag: Without a proper licence, there is no guarantee your funds are held safely, or you’ll have rights in the event of dispute. Many scam brokers exploit precisely this absence.

2. Domain Age and Trust Scores
   Independent website reputation services, such as the one scoring 1/100, have flagged Longsharks.com as extremely unreliable. The domain is very recent, limiting the ability to verify its track record or history. In the world of financial services, longevity and provenance matter.

3. Typical Scam Marketing Strategies
   The website uses high-pressure and attractive marketing: “trusted by thousands,” “unmatched trading power,” “tight spreads,” etc. These are common in scam operations: they promise big returns, minimal friction, and high professionalism to lure in unsuspecting users. Real regulated brokers tend to emphasise risks, regulatory disclosures, and realistic outcomes. By contrast, the marketing here seems geared to persuasion rather than transparent risk communication.

4. Lack of Verifiable Client Reviews or Audited Reporting
   When dealing with a real broker, one expects to find credible client reviews, independent audit statements or third-party verification (for example Myfxbook statements). There is no such verifiable evidence for Longsharks.com. That makes the promises of performance unverifiable and therefore suspect.

5. Withdrawal/Recourse Risk
   Many scam brokers allow initial deposits or small withdrawals to build trust, then later block access or demand additional funds under the guise of “taxes,” “verification fees,” or “insurance.” While we do not have specific publicly documented cases (at least in the sources we reviewed) of Longsharks.com blocking withdrawals, the hallmark risk profile aligns with such behaviour. Additionally, since the site is unregulated, there is no ombudsman or regulatory compensation fund to turn to. Should funds be lost, the investor is almost certainly on their own.

6. Client’s Location & Jurisdictional Exposure
   For users in Nigeria (or other jurisdictions outside major regulated markets), the risk is greater. If the broker is offshore, unregulated, and you deposit funds, you may have no local legal protection. Recovering funds in such cases is often extremely difficult. Many such operations target users in countries with weaker regulatory protections.

7. Conclusion of Risk
   In light of all this: The best, most prudent interpretation is that Longsharks.com is a scam or at very least an untrustworthy operator that should be treated as highly risky. Unless one is completely willing to lose the funds deposited, the recommendation must be to avoid this platform. If one already deposited funds, it would be sensible to attempt to withdraw immediately, if possible, gather all evidence, and cease further deposits.

By considering all of the above, the “scam” status is the most logical conclusion. Until/unless the site demonstrates full regulatory compliance, transparent audited operations and verifiable client outcomes — which it currently does not — it cannot be considered legitimate.