General Information & Regulation
Lapis Smart Trading (LAPIS) is an offshore forex broker registered in the Republic of Seychelles. It is important to note that the broker does not currently hold any authorized licenses.
Official Website Unavailable
As of now, the website of LAPIS is not available. We can only get a rough idea of the information of the broker from some trader review portals.
Accounts
LAPIS has three account types for investors to choose from, namely Copper, Silver and Gold accounts, all in USD currency. Account standards are set for minimum deposits, ranging from $1,000 to $20,000.
Spreads & Leverage
LAPIS offers different spreads and leverage for different clients. For example, spreads are charged from 3.0 pips, 1.8 pips and 1.5 pips for Copper, Silver and Gold accounts in that order. In addition, the maximum leverage is 1:500 for the first two accounts and 1:300 for Gold accounts.
Trading Platform
LAPIS offers its clients access to the world's financial markets via the MetaTrader 4 (MT4) platform, which is used by millions of traders worldwide.
Deposit & Withdrawal
LAPIS supports a limited number of deposit methods accepting only bank transfers and Visa/Mastercard. There is little information about withdrawal methods, but the broker emphasizes that deposits/withdrawals cannot be made to/from third party accounts.
Accepted Countries
LAPIS seems to accept traders from Vietnam only. According to an earlier overview on its website, clients need to have a bank account in Vietnam in order to open a live account.
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