LS MARKETS

LS MARKETS | 2024-11-11 16:26

Abstract：Established in 2019, Virgin Islands-based LS MARKETS offers forex, precious metals, stock index CFDs, and energy products. However, it uses a dubious clone licence to impersonate ASIC-regulated LS MARKETS PTY LTD. The brokerage offers MT5 and a proprietary platform, but its lack of regulation and fund withdrawal troubles create worries.

Note: LS MARKETSs official website: https://www.lshqtz.com/ is currently inaccessible normally.

LS MARKETS Review Summary
Founded	2019
Registered Country/Region	The Virgin Islands
Regulation	ASIC (Suspicious clone)
Market Instruments	Forex, Precious Metals, Stock Index CFD, Energy
Demo Account	✅
Leverage	Up to 1:500
Spread	/
Trading Platform	MetaTrader 5 (MT5), Lend Lease Global Trading Software
Min Deposit	/
Customer Support	Phone: +61 283173180
Customer Support	Email: cs@fx-e.com

LS MARKETS Information

Established in 2019, Virgin Islands-based LS MARKETS offers forex, precious metals, stock index CFDs, and energy products. However, it uses a dubious clone licence to impersonate ASIC-regulated LS MARKETS PTY LTD. The brokerage offers MT5 and a proprietary platform, but its lack of regulation and fund withdrawal troubles create worries.

Pros and Cons

Pros	Cons
Wide range of instruments	Suspicious clone license
MT5 and proprietary platform offered	Website inaccessible
High leverage up to 1:500	Lacks fee information

Is LS MARKETS Legit?

LS MARKETS stands out as a dubious clone. Using licence data from LS MARKETS PTY LTD, a reputable company registered under Australia's ASIC ( licence number: 0012814), it falsely claims regulatory credentials.

Regulatory Status	Suspicious clone
Regulated by	Australia (ASIC - Australian Securities and Investment Commission)
Licensed Institution	LS MARKETS PTY LTD
Licensed Type	Appointed Representative (AR)
License Number	1281499

What Can I Trade on LS MARKETS?

Having a range of tradable products, LS MARKETS principally focuses on forex, commodities, indices, and CFDs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Crypto	❌
CFD	✔
Indices	✔
Stock	❌
ETF	❌

Account Types

LS MARKETS offers live accounts using leverage up to 1:500. Demo and Islamic (swap-free) accounts are tools used by different traders. Regulating issues, though, call for caution.

Leverage

LS MARKETS offers 1:500 leverage. High leverage can magnify wins and losses, putting traders at danger, especially on a platform with regulatory issues.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
MetaTrader 5 (MT5)	✔	Desktop, Mobile	Experienced traders
Lend Lease Global Trading Software	✔	Web, Desktop	General trading requirements