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Rating Index

Pros

Tight spreads and fast execution times, particularly for higher deposit accounts.

Offers a variety of account types catering to different deposit levels, allowing for flexibility in trading.

High leverage options available, up to 1:500, which can be advantageous for traders with smaller deposits.

Cons

Unregulated status raises concerns about fund safety and withdrawal processes.

Limited asset range, focusing mostly on major forex pairs and a few commodities, which may not meet the needs of all traders.

Customer service quality is questionable, with reports of unresponsive or unhelpful support, making it difficult to obtain important information.

LAPIS broker Accounts

Lapis Smart Trading Account Type

Lapis Smart Trading offers three types of accounts for traders, namely Copper, Silver, and Gold accounts. Each account type requires a different minimum deposit and offers varying spreads and leverage.

Copper Account: Minimum deposit of $1,000, with spreads starting from 3.0 pips and leverage up to 1:500.
Silver Account: Minimum deposit of $5,000, with spreads starting from 1.8 pips and leverage up to 1:500.
Gold Account: Minimum deposit of $20,000, with spreads starting from 1.5 pips and leverage up to 1:300.

All accounts are denominated in USD and provide access to the MetaTrader 4 (MT4) platform.

Lapis Smart Trading Broker Account Opening Process

To open an account with Lapis Smart Trading, follow these steps:

Visit the Website: Go to the Lapis Smart Trading website.
Fill in Personal Information: Complete the online account opening form with your personal details, including your PAN number, date of birth, and Aadhar number.
Bank Details: Enter your bank account number and IFSC code.
Document Upload: Upload necessary documents such as a photo, Aadhar card, and a canceled cheque.
Payment: Make the required deposit towards your account opening charges.
E-signature: Review the complete form and e-sign it digitally. If you do not have an Aadhar card, a physical signature will be required.

Once submitted, the account activation process can take between 1 to 4 hours if all information is correct. If there are issues, additional documents may be requested, which could extend the process.