LSS Markets -Overview of Minimum Deposit, Spreads & Leverage

GENERAL INFORMATION AND REGULATION

LSS Markets is an offshore broker that‘s highly overrating itself and also promising big but at the same time fails to deliver. It’s somewhat linked to a few other fishy brokers, which makes it even more suspicious and less trustworthy.

LSS Markets is allegedly registered in St. Vincent and the Grenadines. Its a Caribbean island that is notoriously famous for the lack of proper financial regulations. In fact, the Forex brokers based there are not regulated in any way and the financial authority- SVGFSA explicitly stated that they are not going to impose any rules and regulations or issue Forex licenses. The SVG brokers are out of control and might conduct illicit activities, which are potentially harmful to the funds of the traders. The customer protection is non-existent there, so you should avoid such brokers!

MARKET INSTRUMENT

No information about the instrument offered by this offshore broker.

ACCOUNT AND LEVERAGE

The broker provides leverage of up to 1:2000 on it's single account types. This is a completely monstrous amount and tens of times more than what most regulators have seen as fit to be provided to retail traders – at most 1:50.

TRADING PLATFORM AVAILABLE

LSS Markets claims to offer MetaTrader5 accounts to its customers, which suggest that it‘s an ECN broker that’s making money by commissions. MetaTrader4 accounts are not available for the traders. However, they claim not to charge commissions, which makes LSS Markets very suspicious broker indeed! But its even worse, as the traders cannot download their Metatrader distribution, because the links are broken. Hence there is no functional trading platform available.

DEPOSIT AND WITHDRAWAL

The minimum initial deposit is $200, which is not too high opposed to the rest of the industry. Most of the legit entities will ask for no more than $100 from the traders on average to open a micro trading account.

The funding methods are said to be Wire Transfers, Credit/Debit cards, Skrill, Neteller, Perfect Money and Bitcoin.

No minimum withdrawal amount and no fees applicable, which is in line with the rest of the industry.