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No Regulation
Score
1.54 /10
Danger
LAPIS
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 1
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.20
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Exposure
1 pieces of exposure in total Pyramid scheme complaint
ExposeNote: LAPIS' official website: https://www.lstpro.com/ is currently inaccessible normally.
| LAPIS Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Seychelles |
| Regulation | Unregulated |
| Market Instruments | Indices, Commodities, Shares, Cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | Average 3.0 pips (Copper account) |
| Trading Platform | MT4 |
| Min Deposit | $50 |
| Customer Support | / |
LAPIS is an offshore forex brokerage registered in Seychelles. It provides the MT4 platform and a leverage of up to 1:500. LSTPro offers various trading products and high spreads starting from 1.5 pips. The required minimum deposit is $50.
Pros and Cons
| Pros | Cons |
| Low minimum deposit | Not regulated |
| Various trading products | Inaccessible website |
| MT4 supported | High spreads |
Is LAPIS Legit?
No, LAPIS is not regulated by any regulatory body and their website is not available.
What Can I Trade on LAPIS?
LAPIS offers forex pairs and various CFDs – on indices, commodities, shares, as well as cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin and Dash.
| Tradable Instruments | Supported |
| Forex | ❌ |
| Indices | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| ETFs | ❌ |
| Mutual Funds | ❌ |
Account Type/Fees
| Account Type | Min Deposit | Average Spread | Commission |
| Copper | $50 | 3.0 pips | ❌ |
| Sliver | $10 000 | 1.8 pips | ❌ |
| Gold | $20 000 | 1.5 pips | ❌ |
LAPIS has three account types for investors to choose from, namely Copper, Silver and Gold accounts, all in USD currency. Account standards are set for minimum deposits, ranging from $50 to $20,000.
Leverage
LAPIS offers the leverage of up to 1:500 for Copper and Sliver accounts and 1:300 for Gold accounts.
Trading Platform
LAPIS claims it offers desktop, mobile and web versions of the industry staple MetaTrader4 (MT4) platform, which is used by millions of traders worldwide.
Deposit and Withdrawal
On LAPIS, traders can deposit or withdraw via credit and debit cards, bank wire, as well as the Vietnamese e-payment system baokim.vn.
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