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LSS Markets

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

http://lssmarkets.com/index.php

Website

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Contact

+44 1932559423
support@lssmarkets.com
http://lssmarkets.com/index.php
https://www.facebook.com/lssmarkets

Licenses

No valid regulatory information, please be aware of the risk!

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Contact number

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+44 1932559423

Broker Information

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Company Name

LSS Markets

Company Abbreviation

LSS Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Twitter
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Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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LSS Markets · Company Summary

Aspect Information
Registered Country/Area Saint Vincent and the Grenadines
Founded Year 2-5 years (specific year not mentioned)
Company Name LSS Markets
Regulation Lack of proper regulation
Minimum Deposit $200 for all account types
Maximum Leverage 2000:1
Spreads Starting from 2 pips
Trading Platforms MetaTrader 5 (MT5) on Windows, iOS, Android, Web
Tradable Assets Forex currency pairs, cryptocurrencies, commodities
Account Types VIP Account, PRO Account, CLASSIC Account
Demo Account Information not provided
Islamic Account Information not provided
Customer Support Phone: +44 1932559423, Email: support@lssmarkets.com
Payment Methods Wire Transfer, Credit/Debit card, Skrill, Neteller, Perfect Money, Bitcoin
Educational Tools Information not provided

General Information

LSS Markets is a broker based in St. Vincent and the Grenadines, engaging in providing clients with a variety of financial products and services.

LSS Markets offers trading opportunities in various market instruments, including forex currency pairs, cryptocurrencies, and commodities. These instruments involve speculation on exchange rates, digital assets like Bitcoin and Ethereum, and physical goods like gold and crude oil.

The broker provides multiple account types with a maximum leverage of 2000:1 but requires varying minimum deposits. The spreads start from 2 pips for all account types, with no specified commission charges. The minimum deposit for all accounts is $200, and clients can deposit and withdraw funds through various methods without incurring fees. The platform of choice is MetaTrader 5, offering a range of features for traders. However, it's worth noting that there is a concerning exposure on WikiFX, where a user reported issues related to pyramid schemes, withdrawal difficulties, and non-payment of funds from their LSS Markets account.

basic-info

Pros and Cons

LSS Markets presents several advantages and disadvantages. On the positive side, it offers a high maximum leverage of 2000:1 and a low minimum deposit requirement of $200. Additionally, the platform provides multiple payment options with no associated fees, and traders can access MetaTrader 5 for their trading needs. However, there are notable concerns, including the lack of proper regulation and the unavailability of the main website. Withdrawals may also be subject to extended processing times, and customer support channels are limited. Furthermore, the absence of specified commission charges might indicate potential hidden costs, and the platform offers a limited variety of market instruments.

Pros Cons
  • High maximum leverage (2000:1)
  • Lack of proper regulation
  • Low minimum deposit ($200)
  • Concerning lack of oversight
  • Spreads start from 2 pips
  • Main website is currently unavailable
  • Multiple payment options, no fees
  • Long withdrawal processing times
  • MetaTrader 5 available
  • Limited customer support channels
  • No specified commission charges
  • Limited types of market instruments

Is LSS Markets Legit?

LSS Markets lacks proper regulation, indicating a concerning lack of oversight. Potential clients should exercise caution and consider the associated risks when dealing with this broker.

regulation

Market Instruments

LSS Markets offers investors a range of financial instruments including forex currency pairs, cryptocurrencies, commodities.

  1. Forex Currency Pairs: LSS Markets provides access to a range of forex currency pairs. These pairs represent the exchange rates between different currencies and are commonly traded in the foreign exchange market. Some examples of these currency pairs include EUR/USD (Euro/US Dollar), GBP/JPY (British Pound/Japanese Yen), and USD/JPY (US Dollar/Japanese Yen).

  2. Cryptocurrencies: The platform also offers trading opportunities in cryptocurrencies. Cryptocurrencies are digital assets that can be bought and sold, and they include popular options like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Trading cryptocurrencies allows investors to speculate on their price movements.

  3. Commodities: LSS Markets provides access to the commodities market. Commodities are physical goods or raw materials that are traded globally. Examples of commodities include gold, silver, crude oil, and agricultural products like wheat and corn. Trading commodities allows investors to participate in price fluctuations of these essential resources.

Pros and Cons

Pros Cons
Access to Forex currency pairs Limited market instrument variety
Trading opportunities in cryptocurrencies Lack of detailed information on offerings
Access to the commodities market

Accounts

There are three kinds of account types for investors to choose from at LSS Markets, namely Classic (minimum deposit of 200 USD/EUR/GBP), Pro (minimum deposit of 1,000 USD/EUR/GBP), VIP (minimum deposit of 10,000 USD/EUR/GBP).

VIP Account at LSS Markets offers a maximum leverage of 2000:1, with a minimum deposit requirement of 10,000 EUR, USD, or GBP. The minimum spread starts from 2 pips, and the minimum position size is 0.01.

PRO Account provides a maximum leverage of 2000:1, requiring a minimum deposit of 1,000 EUR, USD, or GBP. The minimum spread also starts from 2 pips, and the minimum position size is 0.01.

CLASSIC Account offers a maximum leverage of 2000:1, with a relatively lower minimum deposit of 200 EUR, USD, or GBP. Similar to the other account types, the minimum spread starts from 2 pips, and the minimum position size is 0.01.

Pros and Cons

Pros Cons
  • High maximum leverage (2000:1)
  • High minimum deposit for VIP account (10,000)
  • Lower minimum deposit for CLASSIC account
  • Minimum spread of 2 pips for all account types
  • Uniform minimum position size (0.01)
  • Limited variation in account features

Leverage

LSS Markets provides a maximum leverage of 2000:1, which signifies a relatively high level of leverage available for traders.

leverage

Spreads & Commissions

LSS Markets' spreads start from 2 pips for all account types. They do not specify any commission charges on their website, which suggests that trading costs are primarily built into the spread offered to traders.

Deposit & Withdrawal

LSS Markets accepts deposits and withdrawals via Wire Transfer, Credit/Debit card, Skrill, Neteller, Perfect Money, and Bitcoin. There are no deposit or withdrawal fees, and withdrawals are typically processed within 1-3 business days.

Pros Cons
Multiple deposit methods available (Wire Transfer, Credit/Debit card, Skrill, Neteller, Perfect Money, Bitcoin) Limited information about withdrawal processing
No deposit or withdrawal fees Withdrawals may take up to 3 business days
Withdrawals typically processed within 1-3 business days

Trading Platforms

LSS Markets offers the MetaTrader 5 (MT5) platform, available on Windows, iOS, Android, and Web. MT5 is widely used by traders worldwide. The trading platform includes various features such as real-time market data, advanced charting tools, and a wide range of technical indicators. Traders can access multiple asset classes, including forex, commodities, stocks, and cryptocurrencies, all within a single platform.

trading-platform

Customer Support

LSS Markets provides customer support via phone at +44 1932559423 and email at support@lssmarkets.com, offering clients two primary channels for assistance and inquiries.

Reviews

There is one exposure on WikiFX regarding LSS Markets, where a user complained about pyramid scheme issues, withdrawal difficulties, and non-payment of $45 from their account.

reviews

Conclusion

In conclusion, LSS Markets presents both advantages and disadvantages. On the positive side, the broker offers a wide range of market instruments, including forex currency pairs, cryptocurrencies, and commodities. Additionally, they provide a relatively high maximum leverage of 2000:1, which may be attractive to some traders. The availability of the MetaTrader 5 trading platform is also a notable feature. However, there are concerning aspects to consider. LSS Markets lacks proper regulation, indicating a potential lack of oversight, which could pose risks to clients. Furthermore, a user review on WikiFX raised issues related to pyramid schemes, withdrawal difficulties, and non-payment, suggesting a level of risk and unreliability associated with the broker. Potential clients should exercise caution and conduct thorough research before engaging with LSS Markets.

FAQs

Q: Is LSS Markets a reputable broker?

A: LSS Markets lacks proper regulation, indicating a concerning lack of oversight. Potential clients should exercise caution and consider the associated risks when dealing with this broker.

Q: What financial instruments can I trade on LSS Markets?

A: LSS Markets offers trading in forex currency pairs, cryptocurrencies like Bitcoin and Ethereum, and commodities such as gold and crude oil.

Q: What are the different account types on LSS Markets?

A: LSS Markets offers VIP, PRO, and CLASSIC accounts, each with varying minimum deposit requirements and leverage options.

Q: What is the maximum leverage available at LSS Markets?

A: LSS Markets provides a maximum leverage of 2000:1, which is relatively high compared to other brokers.

Q: How can I contact LSS Markets for support?

A: You can reach LSS Markets' customer support via phone at +44 1932559423 or through email at support@lssmarkets.com. They offer two primary channels for assistance and inquiries.

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张皓
more than one year
Upon reading many reviews on the many withdrawal issues, I have decided to request a withdrawal of my initial deposit amount as a test to see for myself what their reaction to my request is. I have attempted a withdrawal and will allow for a 24 hr delay as requested by the company. I will update my results moving forward.
2023-03-23 16:07
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