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No Regulation
Score
1.54 /10
Danger
LSFT
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.22
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
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: LSFT's official website: http://lsft.lk/ is currently inaccessible normally.
Registered in Sri Lanka, LSFT targets the South East Asian market. It offers over 73FX pairs and a few of CFDs. But now it is not regulated well and their website is not available.
Pros and Cons
| Pros | Cons |
| MT4 provided | No regulated |
| Inaccessible website | |
| No channel to contact | |
| No info on minimum deposit |
Is LSFT Legit?
The company is registered under “Section 17(2) of BOI Law,” which, to our understanding, is a system in Sri Lanka aimed at promoting foreign investment by providing certain tax exemptions to businesses. While theres nothing inherently wrong with this, the company asserts that it is authorized to provide access to financial markets—a claim that this law does not specifically support. Therefore, LSFT is not legit.
What Can I Trade on LSFT?
In LSFT, you can trade many currency pairs, along with some index and commodity CFDs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Index | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
LSFT offers only one type of live account - the Standard account with the maximum leverage of 1:500 and the spread from 1.5 pips.
Trading Platform
LSFT offers MT4 trading platform. MetaTrader is the leading platform in the currency trading industry and is offered by numerous companies.
Deposit and Withdrawal
LSFT only supports traditional payment methods such as Bank Transfers and Credit Cards.
The Bottom Line
LSFT is a forex broker operated via MT4 and their the Standard account. However, it is not recommended to trade with it. First, it is not regulated. Besides, their website is not accessible and there is no way to contact them.
FAQs
Is LSFT a good for beginners?
No. Their trading conditions are not transparent.
Is LSFT good for day trading?
No.
Is it safe to trade with LSFT?
No. It is not regulated and their website is not unavailable.
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