What is Lakefront Futures？
Lakefront Futures, with full name Lakefront Futures & Options, LLC and headquartered in the United States, operates as an international brokerage firm, providing a range of financial instruments and services. These include Futures & Options on commodities, advisory services for hedging and risk management strategies, and alternative investment solutions in managed futures. Despite its offerings, it's noteworthy that Lakefront Futures operates without regulatory oversight, raising concerns about the firm's legitimacy and credibility.
In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.
Pros & Cons
Pros:
Diversified Products and Services: Lakefront Futures offers a diverse range of financial products and services, including Futures & Options on commodities, providing clients with a variety of trading opportunities and investment choices.
Multiple Customer Support Channels: The broker provides support through various channels, offering accessibility to assistance through live chat, phone, and other means. This multi-channel approach enhances customer experience by facilitating quick query resolution.
Cons:
Unregulated: Lakefront Futures' unregulated status raises concerns about the absence of oversight. Regulatory frameworks provide a layer of protection for traders, and the lack of regulation may impact transparency and client safeguards.
Reports of Unable to Withdraw: There are reports indicating difficulties with withdrawals. This raises red flags about the broker's operational reliability and the ability of clients to access their funds smoothly.
Is Lakefront Futures Safe or Scam？
When considering the safety of a brokerage like Lakefront Futures or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
User feedback: On WikiFX, two reports indicating difficulties with withdrawals cast significant doubt on the broker's reliability. This is a serious warning for anyone considering their services, emphasizing the need for utmost caution.
Security measures: Lakefront Futures implements a privacy policy as a security measure, safeguarding client information by ensuring responsible handling and protection of sensitive personal data.
In the end, choosing whether or not to engage in trading with Lakefront Futures is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
Financial Instruments & Services
Lakefront Futures offers a diverse range of instruments and services across three key categories.
Firstly, the firm specializes in commodity and commodity options trading, catering to speculative traders seeking opportunities in the dynamic commodity markets.
Secondly, Lakefront excels in providing custom hedging and risk management strategies tailored specifically for farm and agribusiness operations, supporting risk mitigation within the agricultural sector.
Lastly, the broker offers alternative investment solutions in managed futures, appealing to investors aiming for portfolio diversification through strategic exposure to futures markets.
Through the three-tiered approach, Lakefront meets the distinctive needs of various clients, spanning speculative trading, risk management in agriculture, and broader portfolio diversification strategies.
How to Open an Account？
Opening an account with Lakefront Futures involves several steps:
Step 1: Visit the Lakefront Futures website and click on 'Open Account' button.
Step 2: Complete the registration form with your personal information. This includes your name, email address, phone number and email. Choose your preferred account type and funding level. Click “submit”.
Step 3: Upon successful registration, you will be required to verify your identity and address. This done by providing a copy of a government-issued ID and a recent utility bill or bank statement.
Step 4: Once your account is verified, you can make your initial deposit.
Step 5: Upon confirming your deposit, your account is ready for trading. Always familiarize yourself with the platform, tools, and trading conditions before you start trading.
Trading platforms
Lakefront Futures emphasizes the significance of speed and functionality in futures trading technology to support traders' success. The Exchange Direct platform is offered in-house, and the firm maintains associations with multiple FCMs, providing clients with diverse trading systems.
Regular updates to electronic services to ensure the latest features, the Exchange Direct platform features premium research, market analysis, news, and real-time quotes, positioning it as a robust tool.
Other platforms, such as RCG Onyx®, RJO Vantage/WebOE/Mobile, GAIN OEC, Patsystems®, CQG™, TTs X_Trader®, RANorder, Strategy Runner™, and QST, are accessible. Interested traders are encouraged to contact brokers directly for guidance on utilizing these platforms, ensuring correct operations before engaging in trading.
User Exposure on WikiFX
On WikiFX, two reports regarding unable to withdraw raise serious concerns and serves as a cautionary signal to traders. We strongly recommend that traders carry out a comprehensive review of all relevant details before making a decision. Our platform is designed to serve as an important resource in your trading journey. If you should ever encounter any fraudulent brokers or have personally experienced such malpractices, we strongly urge you to report it in our “Exposure” section. Your contributions are invaluable in helping us achieve our mission, and our expert team will make every effort to respond to your concerns promptly.
Customer Service
Lakefront Futures provides robust customer support through various channels during Monday-Friday, 6:45am – 5:30pm CST. For inquiries, traders can utilize live chat on their website, call the phone line, explore the FAQ section for quick assistance, and connect via a contact us form and social media such as Twitter, LinkedIn, Facebook and Google. Additionally, the broker offers contact information, including the address, for comprehensive support.
Address: 141 W. Jackson Blvd, Suite 3440, Chicago, IL 60604.
Tel: 312-347-3888; 312-347-3837.
Furthermore, customers can also visit https://www.lakefrontfutures.com/offices/ for contacts of the brokers branch offices across the US.
Conclusion
In summary, Lakefront Futures, a US-based online broker, provides a wide array of financial services, including Futures & Options on commodities, risk management advisory and managed futures investments. However, concerns arise due to Lakefront Futures' unregulated status, potentially impacting transparency and client protection. Investors should carefully assess the implications of this aspect and consider alternative brokerages with established regulatory frameworks for enhanced security and transparency.
Frequently Asked Questions (FAQs)
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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-12-20 18:36
