Is Liyan Broker a scam?

What the operation actually was, from its own documents and the corporate register:

• Brand: Liyan Broker
• Legal entity: Liyan Trading LLC, registration 2886 LLC 2023, Saint Vincent and the Grenadines, incorporated 7 February 2023. Its own client agreement names this company as the broker. The site footer separately names Liyan Trading LTD, registration 2023-00393, Saint Lucia.
• Registered: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines, through the agent Wilfred Services Ltd.
• Offices advertised: Dubai, Kingstown and Rodney Bay. The site gave two different Dubai addresses, one in Al Gurg Tower 3 in Al Buteen and one on the 21st floor of The Binary Tower in Business Bay.
• Website: liyanbroker.com, which no longer serves a page. Client area at my.liyanbroker.com.
• Only licence: none. No financial regulator in any jurisdiction authorised this business to hold client money or deal in currencies.
• Offers: forex, CFDs, commodities, indices and crypto on MetaTrader 5 and cTrader, a 20 dollar minimum deposit, leverage to 1:1000, copy trading, PAMM and MAM accounts, and a funded trader programme. Deposit rails included Iranian rial channels, and the active social accounts were Persian language.
• Not accepted: residents of Saint Lucia, Saint Vincent and the Grenadines, the United States, the United Kingdom and Australia.
• Age claim: more than 20 years, stated in the footer of every page. Its own history page begins in 2020 and the company that signed clients up was incorporated in 2023.

Two findings would each be close to decisive on their own, and they point the same way. Everything below rests on a regulator page or a corporate register entry, not on opinion.

• A regulator named the exact website. The Bank of Russia maintains a list of companies with detected signs of illegal activity in the financial market. Its entry for LIYANBROKER.COM gives the website as liyanbroker.com, records the determination as signs of an illegal professional securities market participant, and dates the listing 16 January 2025.
• The licence page carried another company's registration number. Under the heading for Saint Vincent and the Grenadines, the page printed registration number 26505 BC 2021. The Saint Vincent register returns UNFXB Limited for that number, a business company incorporated on 28 October 2021. UNFXB publishes the same number as its own on its own site. Liyan Broker disclosed no connection to it.
• The client contract named a third company's number. Clause 2.2 of the Liyan client agreement reads that the broker is LIYAN TRADING, registered office Suite 305, Griffith Corporate Centre, Kingstown, registration number 20389 IBC 2012. That number belongs to Alpari Limited, incorporated 16 May 2012. The definitions section of the same contract uses a different number, 2886 LLC 2023, for the company. One contract, two counterparties, one of them somebody else's.
• The Mauritius licence does not exist. The site claimed Mauritius regulation under number AC48008. The Mauritius Financial Services Commission publishes a searchable register of every entity it licenses, approves, authorises or registers. Searching the entity name and then the shorter stem Liy returns no data at all. A claim first made in 2023 cannot be explained by processing delay.
• The Comoros licence does not exist either. The site claimed Moheli regulation under number DDC56718. Mwali publishes its authorised brokerage companies as a full list with licence numbers, dates and status. Neither the company nor that number appears in it, in the edition published while the claim was live or in a later one, and Mwali numbers its brokerage licences in a different series entirely.
• The Saint Vincent registration is not regulation. The register entry is real and current: Liyan Trading LLC, number 2886, entity type limited liability company, status active, incorporated 7 February 2023. It is a corporate registration with no financial permission attached, which is why the register records no licence type. The broker's own history page nonetheless describes it as our St. Vincent and the Grenadines License.
• The homepage promised protection the business could not give. Its final published version stated that the firm operates under strict international financial regulations and that its commitment to compliance ensures your investments are protected. Nothing authorised this business anywhere.
• The 20 year history was invented. The footer claimed more than 20 glorious years of providing Forex and Financial Services Worldwide. The company's own timeline opens in March 2020, the contracting company was incorporated in February 2023, and the first archived capture of the website is 21 January 2023.
• Clients were not paid. Trustpilot holds five reviews of liyanbroker.com, all one star, between 13 June and 9 October 2025. One trader deposited 1,400 dollars, made 819 dollars, was paid 800 dollars, then had further withdrawals refused and the account closed on a claim that a device identifier matched a fraudulent account. Another was told after two weeks that MetaQuotes had bugs, that roughly 27,000 dollars of profit was therefore not valid, and then found the account disabled. A third had withdrawals repeatedly rejected without explanation before suspension. A fourth said the funded trader rules were changed and payouts stopped. An independent review site carries the same accounts from named traders across August to October 2025. The company had claimed its Trustpilot profile in October 2024 and answered none of them.
• Then it went quiet. The last archived page is dated 1 September 2025. The domain registration was allowed to lapse and the name was taken out again on 20 March 2026, with no website behind it. A business that stops answering withdrawal requests and then disappears has completed the pattern, rather than merely performing badly at it.

On dates, the three years and seven months of operating history we can evidence rests on the Saint Vincent incorporation of 7 February 2023 and on a domain first registered at the end of December 2022. The Saint Lucia company could not be dated because that registry publishes no free public search, so it does not contribute to the figure.