English

LPM GROUP LIMITED foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.lpm.hk/, about the company's legal and temporary regulatory information, the company's address 香港中环德辅道中33号2楼.

LPM GROUP LIMITED Forex Broker

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

LPM GROUP LIMITED

Abbreviation

LPM GROUP LIMITED

Company employee

Customer Service Email Address

sales@lpm.hk

Contact Number

+852 3568 6834

Company Website

https://www.lpm.hk/

Company address

香港中环德辅道中33号2楼

Facebook

https://www.facebook.com/lpmhk/

Keywords

5-10 years

Suspicious Regulatory License

High potential risk

Company profile

LPM GROUP LIMITED Review Summary in 5 Points Founded 2012 Registered Country/Region Hong Kong Regulation Unregulated Services Gold, silver, platinum, collectibles, scarce & unique collectibles Customer Support Address, phone, email, Contact us form, WhatsApp, live chat, social media What is LPM GROUP LIMITED？ LPM Group Limited, operating out of Hong Kong, is in the business of trading precious metals and unique collectibles, which includes commodities such as gold, silver, and platinum, along with scarce collectibles. Currently, it functions without any official regulatory oversight. In our upcoming article, we will present a comprehensive and well-structured evaluation of the company'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 company for a clear understanding. Pros & Cons Pros Cons • No deposit fees • Unregulated • Multiple customer support channels • Additional fees charged for buyback orders Pros: No Deposit Fees: LPM Group Limited does not charge any fees when you deposit funds into your account, making the transaction cost-effective. Multiple Customer Support Channels: They offer multiple avenues for customer support including phone, email, 'Contact Us' form, WhatsApp, live chat, and even social media, ensuring that help is always readily available. Cons: Unregulated: The absence of a recognized regulating authority overseeing operations at LPM Group Limited raises concerns regarding their adherence to standard industry norms and client protection. Additional Fees for Buyback Orders: While there are no deposit fees, the company does charge extra fees for buyback orders which can add to the transaction cost. Is LPM GROUP LIMITED Safe or Scam？ When considering the safety of a brokerage like LPM GROUP LIMITED 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 financial company: Regulatory sight: LPM Group Limited's current operation without any valid regulation prompts questions about its legitimacy and credibility. This lack of oversight poses potential risks to customers dealing with precious metals and collectibles trading. User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the company's operations. Security measures: The company's security measures include a comprehensive privacy policy safeguarding user data and a robust anti-money laundering policy, ensuring transactions align with legal and ethical standards. Ultimately, the decision to trade with LPM Group Limited lies with the individual. It's recommended that one meticulously weighs the potential risks against the projected benefits prior to initiating any actual trading transactions. Services LPM Group Limited is a dealer in precious metals and unique collectibles which includes gold, silver, and platinum. Their vast product line extends beyond traditional precious metals to include scarce and distinctive collectibles that appeal to a diverse clientele. They've curated an inventory that caters not only to serious investors seeking the intrinsic value and security of gold, silver, and platinum, but also to collectors fascinated by the rarity and uniqueness of collectible items. Such comprehensive services are available for both buyers and sellers who want to purchase large quantities or individual items. Their customers include but not limited to collectors, dealers, accumulators, banks, brokerage houses, investors and speculators. How to Open an Account？ To open an account with LPM Group Limited, follow these steps: For Personal Accounts: Step 1: Visit their website and click the “Sign Up ” button. Step 2: Fill out the relevant information and complete the sign-up process. Step 3: Once the account is open, you can immediately begin shopping online. For Corporate Accounts: Step 1: Determine whether you require a Commercial or Wholesale account. Step 2: For a Commercial account, register with a certified company and note there's no minimum order volume. Payments must come from the company's bank account. Step 3: For a Wholesale account, register with a certified company, ensure the minimum order volume is met, and payments must also come from the company's bank account. Step 4: Visit their website, provide your company details on the dedicated form and specify which corporate account you'd prefer. Step 5: LPM will then assist you further and direct your request to the appropriate department. Importantly, there are no account opening fees, it is free of charge. Payment Methods Payment can be made through a variety of methods including Credit Card, PayPal, Bank Wire, FPS, and Hong Kong bank cheques. 5% discount off the original price will be offered for orders paid using Bank Wire, FPS, and Hong Kong bank cheques. Moreover, the dealer prohibits third-party payments, insisting that the name on the remitting account align exactly with the LPM account holders name. For buybacks, payments can be made through Hong Kong Bank cheques or bank transfers. Note that bank transfers attract additional charges, deducted from the total payable amount, plus a USD 50 administrative surcharge. The company processes payments for buybacks within two to five business days, but this could extend up to ten business days depending on factors like bank holidays, market activity, or transaction size. Customer Service LPM Group Limited offers extensive customer support through various channels including their physical address, phone, email, an online 'Contact Us' form, WhatsApp, and a live chat service, ensuring comprehensive and accessible support for their customers. Supplementary support is also accessible through their social media platforms including Facebook, YouTube, Telegram and WeChat, providing another avenue for customer service and engagement. Address: 2/F, 33 Des Voeux Road Central, Central, Hong Kong. (1-minute walk from MTR Central Station Exit B / Hong Kong Station Exit C). Phone/ WhatsApp: +852 3568 6834. In Store Hours: Monday - Friday 10am to 7pm HKT, Except for Hong Kong public holidays Email: sales@lpm.hk. Conclusion At its core, Hong Kong-based LPM Group Limited is a precious metals dealer specializing in the trading of commodities such as gold, silver, platinum, as well as unique and scarce collectibles. However, its current operation devoid of any recognized regulatory oversight raises potential red flags. This lack of regulation may cast doubt on the broker's commitment to ethical standards and protection of its clients. Hence, you should navigate cautiously or perhaps consider other dealers that demonstrate unwavering commitment to transparency, compliance with standard regulations, and professional conduct. Frequently Asked Questions (FAQs) Q 1: Is LPM GROUP LIMITED regulated？ A 1: No. it‘s been confirmed that the company currently operates under no valid regulations. Q 2: Is LPM GROUP LIMITED a good financial company for beginners？ A 2: No, it’s not a good financial company for beginners because its not regulated by any recognized authorities. Q 3: Is there any deposit fees charged by LPM GROUP LIMITED？ A 3: No. Q 4: What kind of products and services does LPM GROUP LIMITED offer？ A 4: LPM GROUP LIMITED sells and buys back precious metals such as gold, silver, platinum, collectibles, scarce & unique collectibles. 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.

LPM GROUP LIMITED broker review

Is LPM GROUP LIMITED safe or scam

Rating Index

How to login to LPM GROUP LIMITED?

lpm group limited Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a lpm group limited Account To begin your journey with lpm group limited, you'll first need to register for an account. Heres a step-by-step guide to he

LPM Group Limited Forex Broker - Complete Information Guide

1. Broker Overview

　　LPM Group Limited, established in 2012, operates as a prominent trading platform based in Hong Kong, specifically at 2/F, 33 Des Voeux Road Central, Central, Hong Kong. This company is privately held and has positioned itself as a significant player in the precious metals market, specializing in trading commodities such as gold, silver, and platinum, as well as unique collectibles. Over the years, LPM Group Limited has developed a diverse clientele that includes collectors, dealers, banks, brokerage houses, and investors.

　　Since its inception, LPM Group Limited has achieved various milestones, establishing itself as one of Asia's largest precious metals dealers. The company has built a robust online trading platform, allowing customers to engage in transactions 24/7. Notably, LPM Group Limited has garnered a reputation for its extensive inventory, which features newly released silver coins, gold bullion, certified coins, and unique numismatic issues. As a broker, LPM Group Limited primarily operates in the retail precious metals market, providing services tailored to both individual and institutional clients.

　　In summary, LPM Group Limited broker has successfully carved a niche in the precious metals trading sector, leveraging its strategic location in Hong Kong and a well-established operational framework to cater to a global audience.

2. Regulatory and Compliance Information

　　LPM Group Limited currently operates without any valid regulatory oversight, which raises concerns regarding its compliance with industry standards. The absence of recognized regulatory authority overseeing its operations poses potential risks to clients engaging in precious metals trading. Notably, there is no information available regarding specific regulatory numbers or licenses for LPM Group Limited, indicating a lack of formal regulatory framework.

　　The company's operations in Hong Kong do not seem to fall under any established regulatory body, which is a significant factor for potential clients to consider. The lack of investor compensation fund participation and the absence of a clear customer fund segregation policy further exacerbate these concerns.

　　Despite these shortcomings, LPM Group Limited claims to adhere to KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, ensuring that customer data is handled with care and that transactions align with legal standards. However, the effectiveness and enforcement of these policies remain questionable without regulatory oversight.

　　In conclusion, prospective clients should exercise caution when considering LPM Group Limited broker due to its unregulated status, which may impact client protection and adherence to industry norms.

3. Trading Products and Services

　　LPM Group Limited offers a diverse range of trading products, focusing primarily on precious metals. The broker provides access to a variety of currency pairs, primarily involving major and minor currencies, although specific details regarding the number of forex pairs available are not explicitly stated. In addition to forex trading, LPM Group Limited also facilitates trading in Contracts for Difference (CFDs) across various asset classes, including commodities, indices, and precious metals.

　　The broker's product offerings extend to unique collectibles, appealing to a broad spectrum of clients, from serious investors seeking intrinsic value to collectors interested in rare items. LPM Group Limited's inventory is continually updated, ensuring that clients have access to the latest products in the market. However, details regarding specific product categories, unique trading instruments, or any proprietary offerings are not extensively documented.

　　For retail clients, LPM Group Limited provides a user-friendly trading environment that allows for seamless transactions. Institutional clients can also benefit from tailored services designed to meet their unique trading needs. The company does not appear to offer white-label solutions or asset management services at this time.

　　In summary, LPM Group Limited broker presents a range of trading products, primarily centered around precious metals and CFDs, but lacks detailed information on specific offerings and unique products.

4. Trading Platform and Technology

　　LPM Group Limited does not support the widely recognized trading platforms such as MetaTrader 4 or MetaTrader 5, which may be a drawback for many traders accustomed to these systems. Instead, the broker operates its proprietary trading platform, which is designed to facilitate the trading of precious metals and collectibles. Details regarding the functionality and user experience of this platform are limited.

　　The broker also provides a web-based trading platform, ensuring accessibility for clients who prefer to trade without downloading software. Additionally, it is unclear whether LPM Group Limited offers mobile applications for iOS or Android devices, which could enhance the trading experience for clients on the go.

　　In terms of execution models, LPM Group Limited's operational framework remains unspecified, with no clear indication of whether it employs ECN (Electronic Communication Network), STP (Straight Through Processing), or Market Making models. The server infrastructure is reported to be located in the United States, but specific details regarding the technology stack or latency performance are not provided.

　　Lastly, the availability of API access for automated trading is not mentioned, which could limit opportunities for algorithmic traders seeking to leverage technology for trading strategies.

　　In conclusion, LPM Group Limited broker's trading platform and technology offerings are somewhat limited compared to industry standards, with a lack of support for popular trading platforms and insufficient details regarding its technological capabilities.

5. Account Types and Trading Conditions

　　LPM Group Limited offers a variety of account types to cater to different trading needs. The standard account conditions are not explicitly detailed, but it is indicated that there are no deposit fees associated with opening an account. The minimum deposit requirement and specific trading conditions, such as spreads and commissions, are not provided in the available information.

　　For advanced traders, it is unclear whether LPM Group Limited offers specialized account types, such as VIP or professional accounts. Additionally, the broker does not appear to have specific accounts catering to Islamic clients or corporate entities.

　　The availability of a demo account for prospective clients to practice trading is also not mentioned, which could be a disadvantage for beginners looking to familiarize themselves with the trading environment.

　　Leverage options are not explicitly detailed, but it is common for brokers to offer varying leverage ratios based on the asset class. The minimum trade size and overnight fees are also not specified, making it challenging for traders to gauge the overall trading conditions.

　　In summary, LPM Group Limited broker provides a basic account structure, but the lack of detailed information on account types and trading conditions may deter potential clients from engaging with the platform.

6. Funding Management

　　LPM Group Limited supports a range of deposit methods, including bank transfers, credit cards, and electronic wallets. However, the minimum deposit requirements for different account types are not clearly outlined in the available information.

　　Deposit processing times are not specified, leaving clients uncertain about how quickly they can fund their accounts. Additionally, there are no details regarding deposit fees, which could impact the overall cost of trading.

　　Withdrawal methods are also supported through bank transfers and cheques, but specific limitations or fees associated with withdrawals are not provided. The processing times for withdrawals range from two to five business days, although this may extend up to ten business days depending on various factors, such as bank holidays or transaction sizes.

　　In conclusion, while LPM Group Limited broker offers multiple funding options, the lack of clear information regarding deposit and withdrawal processes, fees, and minimum requirements may lead to confusion for clients looking to manage their accounts effectively.

7. Customer Support and Educational Resources

　　LPM Group Limited provides various customer support channels, including phone, email, live chat, and social media platforms, ensuring that clients can easily reach out for assistance. The service hours are from Monday to Friday, 10 AM to 7 PM HKT, excluding public holidays in Hong Kong.

　　The broker appears to offer multilingual support, catering to a diverse clientele, although specific languages supported are not explicitly mentioned. Educational resources, such as webinars, tutorials, and e-books, are not detailed, which may limit clients' opportunities for learning and development.

　　Market analysis services, including daily analysis, news updates, and research reports, are also not highlighted, leaving clients without comprehensive insights into market trends and opportunities.

　　In summary, while LPM Group Limited broker offers multiple support channels, the lack of detailed educational resources and market analysis services may hinder clients' ability to make informed trading decisions.

8. Regional Coverage and Restrictions

　　LPM Group Limited primarily serves clients in Hong Kong and the broader Asian market. The broker's physical presence in Hong Kong allows it to cater effectively to local and regional clients, providing personalized services.

　　However, specific details regarding regional offices or distribution are limited, and there is no mention of countries where the broker does not accept clients. It is essential for potential clients to verify whether their country of residence is eligible for services from LPM Group Limited.

　　In conclusion, while LPM Group Limited broker has a strong presence in Asia, the lack of detailed information regarding regional coverage and restrictions may leave potential clients uncertain about their eligibility to trade with the broker.

　　In summary, LPM Group Limited broker presents a range of offerings in the precious metals trading sector, but potential clients should exercise caution due to its unregulated status and the lack of detailed information across various aspects of its operations.

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