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LPL Trade: reviews-scam

Attention! The company is suspected of fraud


General information

LPL Trade is an offshore company that hides experience in the financial markets. However, at the same time, the broker promises favorable terms of cooperation for trading CFDs (on currency pairs, cryptocurrencies, etc.). There is no demo account on the platform, but there are several plans to choose from. The main conditions are follows: spreads from zero, leverage up to 1:400, opportunities for trading in micro lots, minimum commissions. MT4 is used as trading collateral. The broker does not indicate the list of payment methods, schedule and commission costs.

A check by a specialized whois service showed that was officially registered in July 2021. The platform is full of negative reviews. Users talk about problems in trading, psychological pressure and financial extortion.

LPL Trade: reviews-scam реальные отзывы

According to legend, the brand is managed by LPL Trade Ltd. The company is registered in Saint Vincent and the Grenadines and regulated by the SVG FSA (Financial Services Authority). The license number is 1345 LLC 2021. Recall that brokerage organizations are not regulated in the island state. There is a corresponding warning on the SVG FSA website.

LPL Trade: reviews-scam обзор

The broker provides a full package of internal documents: Terms of business, Risk warning, Privacy policy, Cookie policy. If you read the conditions, you will understand that nothing good can be expected from cooperation with this broker.

Summing up

Reviews and results of a comprehensive audit of LPL Trade showed that this is a fraudulent company that circumvents the law and is not going to honestly fulfill the agreements. We do not recommend investing money here. Post reviews and tell us what you think about this broker.

LPL Trade stole all my savings! This is a scam, do not believe a single word of these scammers. They will do their best to clear your deposit account.

Don’t invest your money here, this is second rate food! I signed up on this platform a week ago and have already lost almost $2,000. The more I tried to get my savings back, the more I lost(((

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