Global Broker governance & inquiry App


The WikiFX Score of this broker is reduced because of too many complaints!


The Virgin Islands|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|


Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

Server Name
LeizanCapital-Live1 MT4
Server Location Germany

Vistra Corporate Services Centre Wickhams Cay II, Road Town, Tortola, British Virgin Islands
The WikiFX Score of this broker is reduced because of too many complaints!


VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core



Open Now


Broker Information


Company Name

Leizan Capital Limited

Company Abbreviation


Platform registered country and region

The Virgin Islands

Company website

Pyramid scheme complaint


Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Users who viewed LZTD also viewed..


10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

MultiBank Group

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IC Markets

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

CPT Markets

5-10 yearsRegulated in United KingdomMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint

    LZTD · Company Summary

    LZTD Basic Information
    Registered Country/Area The Virgin Islands
    Founded year 2-5 years ago
    Company Name Leizan Capital Limited
    Regulation Suspicious Regulatory License
    Minimum Deposit $1,000
    Maximum Leverage 1:500
    Spreads From 0.0 pips (allegedly)
    Trading Platforms MT4 trading platform
    Tradable Assets forex currency pairs, cryptocurrencies, indices and more
    Account Types Not specified
    Demo Account No
    Islamic Account No
    Customer Support Email:
    Payment Methods Not specified
    Educational Tools Economic Calendar

    Overview of LZTD

    Leizan Capital Limited is a forex trading platform registered in The Virgin Islands. With a foundation of approximately 2-5 years ago, the regulatory license held by LZTD raises suspicions and lacks transparency. The company offers its services with a minimum deposit requirement of $1,000 and a maximum leverage ratio of 1:500. Allegedly claiming spreads starting from 0.0 pips, LZTD provides access to a range of tradable assets, including forex currency pairs, cryptocurrencies, and indices.

    Regarding account types, LZTD does not specify the options available to traders. Additionally, the platform does not offer a demo account or Islamic account. For customer support, LZTD can be reached via email at

    Payment methods are not specified by LZTD, leaving investors uncertain about the available options. While LZTD offers an economic calendar as an educational tool, the lack of further detailed information may hinder traders in gaining a comprehensive understanding of the market.


    Is LZTD legit or a scam?

    The regulatory status of LZTD, a forex trading platform operated by Leizan Capital Limited, is a matter of concern and ambiguity. Despite LZTD's claim of being regulated by the National Futures Association (NFA) with regulatory license number 0547099.


    However, an examination of the NFA website's search database yielded no results indicating that this broker is a member of the NFA at all. This discrepancy raises questions about the legitimacy and credibility of LZTD's regulatory claims.


    In the absence of a reliable regulatory framework, traders may encounter increased risks associated with their investments. This includes potential issues such as inadequate investor protection, lack of transparency in trade execution, and ambiguity in dispute resolution mechanisms. As such, prospective clients are advised to thoroughly evaluate the regulatory standing of LZTD and consider alternatives.

    Market Intruments

    LZTD, presents investors with a range of market instruments to explore. These instruments encompass a variety of asset classes, including forex currency pairs, cryptocurrencies, indices and more.

    Forex currency pairs form a significant part of LZTD's tradable assets. The foreign exchange market provides traders with the ability to speculate on the fluctuating exchange rates between different currency pairs.


    In addition to forex currency pairs, LZTD also offers access to the world of cryptocurrencies.


    Indices are another market instrument available on LZTD's platform. Indices represent a basket of stocks from specific sectors or markets, serving as indicators of the overall performance of those sectors or markets.


    Furthermore, LZTD extends beyond these mentioned instruments, offering traders additional options under the “and more” category. However, the specific details of these additional instruments are not explicitly provided.

    Account Types

    While LZTD does not explicitly disclose detailed information about its account types, it does impose a significant minimum deposit requirement of $1000. This high financial threshold may pose a barrier for individuals seeking to enter the market with smaller capital amounts. Additionally, LZTD lacks transparency in terms of offering a demo account. The absence of a demo account option on LZTD's platform potentially deprives users of an essential learning opportunity and may hinder the development of necessary trading skills.



    LZTD provides leverage of up to 1:500, enabling traders to control larger positions in the market using a smaller portion of their own capital. While leverage can appear enticing due to its potential to magnify profits, it is crucial to approach this tool with careful consideration and a clear understanding of the associated risks. The use of leverage introduces a significant level of financial risk, as any losses incurred are also magnified.


    Spreads & Commissions (Trading Fees)

    Describe the Spreads & Commissions (this broker says it offers competitive spreads from 0.0 pips on the eurusd pair, but no demo acocounts to test its spreads and give that fact that it is an unregulated, extra caution should be taken) of LZTD in paragraphs, make the language formal, eloquent, and avoid usage of positive words.

    Non-Trading Fees

    Non-trading fees are additional charges imposed by brokers that are not directly related to the execution and management of trades. These fees can encompass various aspects, including but not limited to account maintenance, deposit and withdrawal transactions, inactivity fees, and currency conversion fees. The absence of explicit information about LZTD's non-trading fees makes it challenging for potential investors to gauge the potential impact on their overall trading costs and profitability.

    Trading Platform

    LZTD offers traders the industry-leading MetaTrader 4 (MT4) trading platform, which is widely recognized as a robust and versatile platform that caters to the needs of both novice and experienced traders.

    MT4 provides a comprehensive range of tools and features, including real-time market data, advanced charting functionalities, and a wide array of technical indicators. Moreover, MT4 supports the implementation of diverse trading strategies through its customizable interface and automated trading capabilities.


    Deposit & Withdrawal

    LZTD does not disclose a comprehensive list of supported payment methods, but it is common practice within the industry for brokers to offer a range of options, including Credit Cards (such as VISA and MasterCard), NETELLER, Skrill, and Wire Transfer, among others.

    Customer Support

    LZTD offers customer support services primarily through email: Relying solely on email communication may introduce challenges in terms of responsiveness and efficiency. The immediacy and real-time nature of interactive customer support channels, such as live chat or telephone communication, are absent in LZTD's offered support system.

    Educational Resources

    LZTD appears to have a notable absence of educational resources available for its clients. The lack of educational materials is a significant limitation, as these resources are typically instrumental in enhancing investors' knowledge, understanding, and proficiency in the financial markets.

    Is LZTD suitable for beginners?

    Considering three crucial dimensions for forex beginners, LZTD may not be suitable for beginners due to the following reasons:

    Lack of educational resources: LZTD does not provide any educational resources. This absence of learning materials and tutorials would limit beginners' opportunities to acquire essential knowledge about forex trading, including terminology, strategies, and risk management techniques. Without educational resources, beginners may struggle to develop a strong foundation and make proper trading choices.

    No Demo Accounts: LZTD does not offer demo accounts for clients. This absence denies beginners the opportunity to gain practical experience in executing trades, managing positions, and implementing strategies without risking real money.

    High Minimum Deposit Requirement: Another crucial consideration for beginners is the minimum deposit requirement. LZTD sets a high minimum deposit of $1000, which could be challenging for individuals starting with limited funds

    Is LZTD suitable for experienced traders?

    Analyzing LZTD's suitability for experienced traders based on three vital dimensions reveals limitations that may make it less suitable for such traders:

    The absence of tiered accounts: Experienced traders often seek brokerage firms that offer tiered accounts with different features and benefits. These accounts allow traders to customize their trading experience based on their individual needs and trading strategies. However, LZTD does not provide information regarding tiered account options, potentially restricting their trading flexibility and access to advanced features.

    Lack of advanced Trading Tools: Experienced traders rely heavily on advanced trading tools and features to analyze and execute trades effectively. Unfortunately, LZTD's platform doesn't specify what advanced tools it offers, hampering experienced traders' ability to employ sophisticated trading strategies, conduct in-depth technical analysis, and use cutting-edge indicators.

    Spreads not competitive: Spreads directly impact trading costs for traders. Experienced traders typically seek brokerage firms that provide competitive spreads, allowing them to maximize their profit potential. However, LZTD doesn't mention anything about offering competitive spreads. If LZTD's spreads are higher compared to other brokers in the industry, experienced traders might find it less attractive as it can reduce their overall profitability.


    In conclusion, caution should be exercised when considering LZTD as a trading platform. The suspicious regulatory license, lack of transparency, and limited features such as the absence of demo and Islamic accounts raise concerns. Potential investors should thoroughly evaluate the platform and consider alternative options that provide more comprehensive offerings and regulatory transparency.


    Q: What is LZTD?

    A: LZTD is a forex brokerage firm that offers online trading services to clients interested in participating in the foreign exchange market.

    Q: What trading platforms does LZTD offer?

    A: LZTD offers the MetaTrader 4 (MT4) trading platform, which is a widely recognized and popular platform among traders.

    Q: Does LZTD offer demo accounts for practice trading?

    A: Unfortunately, LZTD does not provide demo accounts for traders to practice without risking real money.

    Q: Is there a minimum deposit requirement to open an account with LZTD?

    A: Yes, LZTD has a minimum deposit requirement. As of now, the minimum deposit is set at $1000.

    Q: What trading instruments can I trade with LZTD?

    A: With LZTD, you can trade a variety of financial instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies.


    WikiFX Analysizes South Africa Market, How Has Technology Changed Retail Investing?

    NewsWikiFX Analysizes South Africa Market, How Has Technology Changed Retail Investing?

    2022-04-06 10:36

    Technology has changed almost every field in the last decade like WikiFX VPS, but it has brought a major change in capital markets, including increased participation from retail investors.

    2022-04-06 10:36
    WikiFX Analysizes South Africa Market, How Has Technology Changed Retail Investing?

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment



    Write a review

    more than one year
    While there are transparency issues, I believe these will be addressed in the future. Overall, I'm satisfied with the new trading experience on the LZTD platform!
    2023-12-11 18:26
    more than one year
    I want to share my experience with the LZTD platform, hoping you can learn a thing or two. Firstly, the platform claims to be regulated by the NFA, but I couldn't find any relevant information in the NFA database, which raised some concerns for me. Additionally, their website lacks some crucial information, such as details about demo accounts and non-trading fees, which left me feeling a bit puzzled. While they provide some educational tools, overall, I feel the platform's transparency could be improved.
    2023-12-08 17:30
    more than one year
    LZTD is unregulated, the NFA license is unauthorized, the website is down, and customer service can't be reached. Everything sucks. Stay away from them.
    2022-12-07 13:47
    more than one year
    I tried to withdraw but all to no avail. Honestly, you are messed up if you do anything with these guys. They don’t want to pay you and will make up excuses for everything.
    2022-12-07 13:34
    more than one year
    Don’t be cheated by this offshore forex broker. It is totally a scam. My withdrawal requests were already approved on 22, October, but they still haven’t processed my requests until now… I was scammed by these shameless guys. That’s it, I just cannot withdraw my $2,000.
    2022-11-30 16:24
    more than one year
    the worst they stole the money
    2022-09-29 15:29
    Select Country/District
    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information