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LS MARKETS

The Virgin Islands|2-5 years|
High potential risk|

https://www.lshqtz.com/

Website

Rating Index

Contact

+61 283173180
cs@fx-e.com
https://www.lshqtz.com/
'AUSTRALIA SQUARE' L 33 264-278 GEORGE St SYDNEY NSW 2000

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

+61 283173180

Other ways of contact

Broker Information

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Company Name

LS MARKETS PTY LTD

Abbreviation

LS MARKETS

Platform registered country and region

The Virgin Islands

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-11-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 001281499) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

LS MARKETS · WikiFX Survey

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LS MARKETS · Company Summary

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

LS MARKETS Review Summary
Registered Country/Region The Virgin Islands
Regulation ASIC/NFA (Suspicious clone)
Market Instruments Forex, precious metals, stock index CFD, energy
Demo Account Available
Trading Platforms MT5 and Lend Lease Global Trading Software
Customer Support telephone, email, online service

What is LS MARKETS?

LS MARKETS is an unregulated brokerage firm offering a wide range of trading instruments across various asset classes, including forex, precious metals, CFDs, and energy. They provide access to popular trading platforms like MetaTrader 5 and their proprietary Lend Lease Global Trading Software. The company boasts a diverse product portfolio, allowing clients to diversify their investments and explore various market opportunities. Additionally, LS MARKETS offers customer service through telephone, email, and online channels to assist clients with their trading inquiries and concerns.

Pros & Cons

Pros Cons
• Diverse Range of Trading Instruments • Lack of Valid Regulation
• Access to Popular Trading Platforms • Reports of Withdrawal Issues and Potential Scams
• Demo account available • Limited Information about Leverage

LS MARKETS Alternative Brokers

There are many alternative brokers to LS MARKETS depending on the specific needs and preferences of the trader. Some popular options include:

  • XTB - Known for its combination of educational materials, comprehensive market analysis, and a custom trading platform, it's an excellent choice for new and experienced traders alike.

  • Plus500 - A CFD service provider that offers a simple, user-friendly platform and a wide range of tradable instruments, making it suitable for those interested in CFD trading.

  • Forex.com - As a leading forex broker, it provides a wide range of currency pairs, a robust trading platform, and high-quality research tools, making it an excellent option for forex traders.

Is LS MARKETS Safe or Scam?

The absence of proper regulation means that LS MARKETS may not be subject to the oversight and accountability required of reputable financial institutions. Regulated brokers are generally required to follow strict guidelines and adhere to industry standards to protect their clients' interests.

The broker claims to be regulated by Australia Securities & Investment Commission (ASIC) by Australia (License No. 001281499) and National Futures Association by United States (License No. 0522022). However, we can find that both current states are suspicious clones.

suspicious clone ASIC license
suspicious clone NFA license

Also, multiple reports of difficulties in withdrawing funds and potential scams are strong indicators of an unreliable and unsafe trading environment. Such issues can lead to financial losses and harm the trust of clients in the company.

Considering the lack of regulation and the reports of withdrawal problems and potential scams, it is prudent for traders to exercise extreme caution when dealing with LS MARKETS.

Market Instruments

LS MARKETS is a brokerage firm that offers a diverse range of trading instruments across various asset classes. Here's a brief summary of the market instruments they provide:

  • Forex (Foreign Exchange): LS MARKETS allows traders to engage in the foreign exchange market, where they can trade different currency pairs. Forex trading involves speculating on the price movements of one currency relative to another.

    • forex
  • Precious Metals: LS MARKETS offers trading opportunities in precious metals like gold, silver, platinum, and palladium. These commodities are popular choices for investors seeking to diversify their portfolios and hedge against inflation and economic uncertainties.

    • precious metals
  • Stock Index CFD: CFDs are derivative products that allow traders to speculate on the price movements of various financial assets without owning the underlying asset. LS MARKETS likely offers CFDs on stocks, indices, commodities, and more.

    • stock index CFD
  • Energy: LS MARKETS provides trading instruments related to the energy market. This may include commodities such as crude oil, natural gas, and other energy-related products, allowing traders to participate in the global energy market.

energy

Trading Platform

LS MARKETS provides its clients with multiple trading platforms to cater to different trading styles and preferences.

MetaTrader 5 is a popular and widely used trading platform in the financial industry. It offers advanced charting tools, technical indicators, and various order types, allowing traders to execute trades efficiently and access a wide range of financial instruments, including forex, stocks, commodities, and indices.

MT5

The Lend Lease Global Trading Software is a proprietary trading platform offered by LS MARKETS. As a proprietary platform, it is developed and customized specifically for LS MARKETS clients, providing them with unique features and functionalities.

 Lend Lease Global Trading Software

User Exposure on WikiFX

On our website, you can see reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Clients can reach LS MARKETS' customer service team by calling the provided telephone number, +61 283173180. Telephone support is often preferred by clients who require immediate assistance or have urgent inquiries.

LS MARKETS also offers customer service via email at cs@fx-e.com. This allows clients to send detailed inquiries or requests for support, which can be helpful for non-urgent matters or when clients prefer written communication.

Additionly, the broker provides online services which can encompass various communication channels, such as live chat support or support tickets through their website or trading platforms.

Conclusion

In conclusion, it is crucial to exercise caution when considering LS MARKETS as a brokerage option. One concerning aspect is the lack of valid regulation, which raises questions about the company's adherence to industry standards and client protection. Furthermore, there are reports of issues related to withdrawing funds and potential scams, which further underscore the importance of approaching LS MARKETS with skepticism.

In light of these factors, traders must carefully assess the risks associated with trading on an unregulated platform and consider alternative regulated brokers with established reputations for client safety and transparency. While LS MARKETS may offer an attractive range of trading instruments and platforms, the lack of regulation and reported concerns about fund withdrawals and potential scams warrant careful consideration before engaging with this brokerage firm. As with any investment decision, due diligence and thorough research are essential to safeguarding one's financial interests.

Frequently Asked Questions (FAQs)

Q1: What trading instruments does LS MARKETS offer?

A1: LS MARKETS offers a variety of trading instruments across different asset classes, including forex, precious metals, CFDs, and energy.

Q2: What are the available trading platforms on LS MARKETS?

A2: LS MARKETS provides access to two trading platforms: MetaTrader 5 (MT5) and their proprietary Lend Lease Global Trading Software.

Q3: Is LS MARKETS a regulated brokerage firm?

A3: As of the information provided, LS MARKETS is reported to be operating without valid regulation, which raises concerns about their adherence to industry standards and client protection.

Q4: How can clients contact LS MARKETS' customer service?

A4: Clients can reach LS MARKETS' customer service through telephone at +61 283173180, via email at cs@fx-e.com, and online through various channels like live chat or support tickets.

News

Avoid Investing In LS Markets - Here's What You Should Know About!

ExposureAvoid Investing In LS Markets - Here's What You Should Know About!

2023-02-01 12:37

A review of suspected scam FX broker LS Markets that the public should be aware of.

WikiFX
2023-02-01 12:37
Exposure
Avoid Investing In LS Markets - Here's What You Should Know About!

Review 3

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