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LPL Financial Ltd -

Score

1.31 /10
Danger

LPL Financial Ltd

United States

2-5 years

Suspicious Regulatory License

High potential risk

https://www.lplmarket.com/en

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index5.44

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

LPL Financial Ltd · Company summary

Note: LPL Financial Ltd official site - https://www.lplmarket.com/en is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

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 contained in this article is for general information purposes only.

General Information

LPL Financial Ltd Review Summary in 10 Points
Founded Within 1 year
Registered Country/Region United States
Regulation NFA - Suspicious clone
Market Instruments FX, Indices, Commodities, Stocks, Crypto
Demo Account No
Leverage N/A
EUR/USD Spread N/A
Trading Platforms Sirix
Minimum Deposit N/A
Customer Support email

What is LPL Financial Ltd？

LPL Financial Ltd is an offshore financial company that offers trading services in various markets, including foreign exchange (FX), indices, commodities, stocks, and cryptocurrencies through the Sirix platform.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Wide range of trading instruments • No valid license
• Unavailable website
• No demo accounts
• No info on trading conditions
• No MT4/5 platforms

LPL Financial Ltd Alternative Brokers

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

  • Exness - a reputable forex broker with a user-friendly platform, making it a good choice for beginners.

  • FxPrimus - offers a reliable and regulated trading platform, making it a trustworthy option for forex traders.

  • Global Prime - recommended for its transparent pricing, excellent customer service, and strong regulatory oversight.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is LPL Financial Ltd Safe or Scam？

LPL Financial Ltd is definitely not a safe option because they do not have a valid regulation. Their United States National Futures Association (NFA, No. 0555082) license is a suspicious clone. Additionally, their website is currently unavailable, which raises further concerns. Without guaranteed funds and segregated accounts, your money is at risk with this company. It is advisable to steer clear of LPL Financial Ltd and find a more reputable and trustworthy alternative.

NFA license

Market Instruments

LPL Financial Ltd claims to offer a diverse range of trading instruments, including FX (foreign exchange), indices, commodities, stocks, and cryptocurrencies. However, without creating an account and personally verifying this information, it is difficult to confirm the availability and variety of these instruments.

Trading Platforms

The trading platform offered by LPL Financial Ltd is a distribution of the Sirix software. However, it is unfortunate to note that this platform falls behind the industry standards. It lacks the advanced features and functionality that many modern trading platforms offer. As a result, users may find it limited and less intuitive to use compared to other platforms.

Sirix

See the trading platform comparison table below:

Broker Trading Platform
LPL Financial Ltd Sirix software
Exness MT5, MT4, own platform
FxPrimus MT4, MT5, cTrader, WebTrader
Global Prime MT4 and tradingview

Customer Service

LPL Financial Ltd only accepts customer service inquiries via email at support@lplmarket.com. Unfortunately, this limited option for customer support may cause delays in getting a response and resolving any issues or concerns.

Pros Cons
• Email support • Limited option for customer inquiries
• No 24/7 customer support
• No social media presence

Note: These pros and cons are subjective and may vary depending on the individual's experience with LPL Financial Ltd's customer service.

Conclusion

In conclusion, LPL Financial Ltd raises significant concerns regarding its regulation, trading platform, and customer service. The lack of a valid regulation, suspicious license, and unavailable website indicate an unreliable and potentially unsafe environment for trading. The trading platform, based on Sirix software, falls behind industry standards and may not offer the advanced features and functionality needed for a seamless trading experience. Furthermore, customer service is limited to email support, which can result in delays in obtaining assistance. Considering these factors, it is advisable to avoid LPL Financial Ltd and explore alternative brokers that offer more secure and reliable trading options.

Frequently Asked Questions (FAQs)

Q 1: Is LPL Financial Ltd regulated？
A 1: No. Their United States National Futures Association (NFA, No. 0555082) license is a suspicious clone.
Q 2: Does LPL Financial Ltd offer the industry leading MT4 & MT5？
A 2: No. Instead, it offers a distribution of the Sirix software.
Q 3: Is LPL Financial Ltd a good broker for beginners？
A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and lack of transparency.

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H. M Chung 975
more than one year
With no MT4/5 platforms and limited customer support only through email, I can't recommend LPL Financial. It's crucial to choose a broker with a reliable license and better services to safeguard your investments.
With no MT4/5 platforms and limited customer support only through email, I can't recommend LPL Financial. It's crucial to choose a broker with a reliable license and better services to safeguard your investments.
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2023-12-08 10:14
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Euphrasia
more than one year
I've been trading with LPL Financial for almost a year now, and I appreciate the wide range of trading instruments they offer. The variety of options in foreign exchange, indices, commodities, stocks, and cryptocurrencies suits my diverse investment portfolio. The Sirix platform, though not as advanced as some others, meets my basic trading needs. Overall, I find their services beneficial for my trading strategies.
I've been trading with LPL Financial for almost a year now, and I appreciate the wide range of trading instruments they offer. The variety of options in foreign exchange, indices, commodities, stocks, and cryptocurrencies suits my diverse investment portfolio. The Sirix platform, though not as advanced as some others, meets my basic trading needs. Overall, I find their services beneficial for my trading strategies.
Translate to English
2023-12-07 18:46
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