Thinking of getting into business with Lsa Trading? Here is what you must know about this broker. Carefully read this review to find out if lsatrading.com is the trading platform you will want to trade with.
Table of Contents
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
About Lsa Trading Broker
Lsa Trading is an offshore brokerage company with a lot of promises for traders. The broker address shows it is from London.
There are different account types the broker offers. See below.
To clarify, regardless of the trading instruments Lsa Trading claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
lsatrading.com: Reasons to Avoid This Broker
Firstly, lsatrading.com is a platform with no financial authority overseeing its financial services. We believe this broker is not worth your money as it does not even have a regulation claim for us to check. From the search we did, the broker is not an approved entity under Financial Conduct Authority UK.
Secondly, we noticed lsatrading.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under withdrawal policy, Lsa Trading leaves us with no specific information on withdrawal fee nor processing days on withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Lsa Trading minimum deposit is not available.
As for the payment methods, the broker discusses nothing for traders. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Lsa Trading Platform
Lsa Trading offers Web Trader and MT5 (Industry standard trading platform), however, the option of MT4 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, there is nothing to talk about. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Lsa Trading Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
Instead, Trade with TOP RATED BROKERS
Accounts
Free Trial
Projects
SSL
S
Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
TOP CHOICE BY TRADERS
Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:300
BEGINNER FRIENDLY
Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is lsatrading.com a Reliable Broker?
No, lsatrading.com does not seem like a reliable broker for traders even though it promises offers that look good to be true. The broker shows no interest with relevant information like minimum deposit, leverage, payment options and withdrawal process.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
