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Lakefront Futures

United States|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://lakefrontfutures.com/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

United States 2.55

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 312-347-3888
https://lakefrontfutures.com/
141 W. Jackson Blvd. Suite 3440 Chicago, IL 60604
https://www.facebook.com/lakefrontfuturesandoptions

Licenses

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

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

Single Core

1G

40G

Open Now

Contact number

English

+1 312-347-3888

Broker Information

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Company Name

Lakefront Futures & Options, LLC

Company Abbreviation

Lakefront Futures

Platform registered country and region

United States

Company website
Twitter
Facebook
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

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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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Lakefront Futures · Company Summary

Lakefront Futures Review Summary in 6 Points
Founded 2009
Registered Country/Region United States
Regulation Unregulated
Financial Instruments & Services Futures & Options on commodities; hedging and risk management strategies advisory; alternative investment solutions in managed futures
Trading Platforms Exchange Direct, RCG Onyx®, RJO Vantage/WebOE/Mobile, GAIN OEC,Patsystems®, CQG™, TTs X_Trader®, RANorder, Strategy Runner™, QST etc.
Customer Support Address, Live chat, Phone, Social media, FAQ, Contact us form

What is Lakefront Futures?

Lakefront Futures, with full name Lakefront Futures & Options, LLC and headquartered in the United States, operates as an international brokerage firm, providing a range of financial instruments and services. These include Futures & Options on commodities, advisory services for hedging and risk management strategies, and alternative investment solutions in managed futures. Despite its offerings, it's noteworthy that Lakefront Futures operates without regulatory oversight, raising concerns about the firm's legitimacy and credibility.

Lakefront Futures' homepage

In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.

Pros & Cons

Pros Cons
• Diversified products and services • Unregulated
• Multiple customer support channels • Reports of unable to withdraw

Pros:

Diversified Products and Services: Lakefront Futures offers a diverse range of financial products and services, including Futures & Options on commodities, providing clients with a variety of trading opportunities and investment choices.

Multiple Customer Support Channels: The broker provides support through various channels, offering accessibility to assistance through live chat, phone, and other means. This multi-channel approach enhances customer experience by facilitating quick query resolution.

Cons:

Unregulated: Lakefront Futures' unregulated status raises concerns about the absence of oversight. Regulatory frameworks provide a layer of protection for traders, and the lack of regulation may impact transparency and client safeguards.

Reports of Unable to Withdraw: There are reports indicating difficulties with withdrawals. This raises red flags about the broker's operational reliability and the ability of clients to access their funds smoothly.

Is Lakefront Futures Safe or Scam?

When considering the safety of a brokerage like Lakefront Futures or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: Currently, this broker operates without any legitimate regulatory oversight, raising concerns about transparency and accountability.

No license
  • User feedback: On WikiFX, two reports indicating difficulties with withdrawals cast significant doubt on the broker's reliability. This is a serious warning for anyone considering their services, emphasizing the need for utmost caution.

  • Security measures: Lakefront Futures implements a privacy policy as a security measure, safeguarding client information by ensuring responsible handling and protection of sensitive personal data.

In the end, choosing whether or not to engage in trading with Lakefront Futures is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.

Financial Instruments & Services

Lakefront Futures offers a diverse range of instruments and services across three key categories.

Firstly, the firm specializes in commodity and commodity options trading, catering to speculative traders seeking opportunities in the dynamic commodity markets.

Secondly, Lakefront excels in providing custom hedging and risk management strategies tailored specifically for farm and agribusiness operations, supporting risk mitigation within the agricultural sector.

Lastly, the broker offers alternative investment solutions in managed futures, appealing to investors aiming for portfolio diversification through strategic exposure to futures markets.

Through the three-tiered approach, Lakefront meets the distinctive needs of various clients, spanning speculative trading, risk management in agriculture, and broader portfolio diversification strategies.

Services

How to Open an Account?

Opening an account with Lakefront Futures involves several steps:

Step 1: Visit the Lakefront Futures website and click on 'Open Account' button.

click on 'Open Account' button

Step 2: Complete the registration form with your personal information. This includes your name, email address, phone number and email. Choose your preferred account type and funding level. Click “submit”.

fill in required info

Step 3: Upon successful registration, you will be required to verify your identity and address. This done by providing a copy of a government-issued ID and a recent utility bill or bank statement.

Step 4: Once your account is verified, you can make your initial deposit.

Step 5: Upon confirming your deposit, your account is ready for trading. Always familiarize yourself with the platform, tools, and trading conditions before you start trading.

Trading platforms

Lakefront Futures emphasizes the significance of speed and functionality in futures trading technology to support traders' success. The Exchange Direct platform is offered in-house, and the firm maintains associations with multiple FCMs, providing clients with diverse trading systems.

Regular updates to electronic services to ensure the latest features, the Exchange Direct platform features premium research, market analysis, news, and real-time quotes, positioning it as a robust tool.

Other platforms, such as RCG Onyx®, RJO Vantage/WebOE/Mobile, GAIN OEC, Patsystems®, CQG™, TTs X_Trader®, RANorder, Strategy Runner™, and QST, are accessible. Interested traders are encouraged to contact brokers directly for guidance on utilizing these platforms, ensuring correct operations before engaging in trading.

Trading platforms

User Exposure on WikiFX

On WikiFX, two reports regarding unable to withdraw raise serious concerns and serves as a cautionary signal to traders. We strongly recommend that traders carry out a comprehensive review of all relevant details before making a decision. Our platform is designed to serve as an important resource in your trading journey. If you should ever encounter any fraudulent brokers or have personally experienced such malpractices, we strongly urge you to report it in our “Exposure” section. Your contributions are invaluable in helping us achieve our mission, and our expert team will make every effort to respond to your concerns promptly.

User Exposure on WikiFX

Customer Service

Lakefront Futures provides robust customer support through various channels during Monday-Friday, 6:45am – 5:30pm CST. For inquiries, traders can utilize live chat on their website, call the phone line, explore the FAQ section for quick assistance, and connect via a contact us form and social media such as Twitter, LinkedIn, Facebook and Google. Additionally, the broker offers contact information, including the address, for comprehensive support.

Address: 141 W. Jackson Blvd, Suite 3440, Chicago, IL 60604.

Tel: 312-347-3888; 312-347-3837.

contact details

Furthermore, customers can also visit https://www.lakefrontfutures.com/offices/ for contacts of the brokers branch offices across the US.

branch offices

Conclusion

In summary, Lakefront Futures, a US-based online broker, provides a wide array of financial services, including Futures & Options on commodities, risk management advisory and managed futures investments. However, concerns arise due to Lakefront Futures' unregulated status, potentially impacting transparency and client protection. Investors should carefully assess the implications of this aspect and consider alternative brokerages with established regulatory frameworks for enhanced security and transparency.

Frequently Asked Questions (FAQs)

Q 1: Is Lakefront Futures regulated?
A 1: No. The broker currently operates without any valid regulations.
Q 2: Is Lakefront Futures a good broker for beginners?
A 2: No. It is not a good choice for beginners because its unregulated status.
Q 3: What kind of products and services does Lakefront Futures offer?
A 3: Lakefront Futures offers diverse selection of financial instruments and services covering futures & options on commodities, hedging and risk management strategies advisory and alternative investment solutions in managed futures.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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凌.Frank Ling
more than one year
I recently transferred $9450 from my bank to Lakefront Futures, and it turned out to be a total scam. They promised an 80% profit on the first day, but it was all a lie. They provided me with a specific contact number, +578436374, to reach their agent, but it was just a ploy to swindle money. Unfortunately, they did not enable me to access anything. Be cautious and stay away from these fraudsters.
2023-12-20 18:36
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