LS MARKETS Forex Broker

Note: LS MARKETSs official website: https://www.lshqtz.com/ is currently inaccessible normally.LS MARKETS Review SummaryFounded2019Registered Country/RegionThe Virgin IslandsRegulationASIC (Suspicious clone)Market InstrumentsForex, Precious Metals, Stock Index CFD, EnergyDemo Account✅LeverageUp to 1:500Spread/Trading PlatformMetaTrader 5 (MT5), Lend Lease Global Trading SoftwareMin Deposit/Customer SupportPhone: +61 283173180Email: cs@fx-e.comLS 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 ConsPros Cons Wide range of instrumentsSuspicious clone licenseMT5 and proprietary platform offeredWebsite inaccessibleHigh leverage up to 1:500Lacks fee informationIs 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 StatusSuspicious cloneRegulated byAustralia (ASIC - Australian Securities and Investment Commission)Licensed InstitutionLS MARKETS PTY LTDLicensed TypeAppointed Representative (AR)License Number1281499What 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 PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersMetaTrader 5 (MT5)✔Desktop, MobileExperienced tradersLend Lease Global Trading Software✔Web, DesktopGeneral trading requirements