LAPIS Broker Review

　　

Lapis 2025 Review: Everything You Need to Know

　　Lapis Smart Trading, an offshore forex broker, has garnered significant attention in the trading community, primarily due to its unregulated status and limited operational transparency. This review synthesizes various sources to provide a comprehensive overview of Lapis, highlighting its strengths and weaknesses, as well as user experiences.

　　Note: It is crucial to be aware that Lapis operates under different entities across regions, which may affect its service reliability and regulatory compliance. The following review aims to present a balanced view based on various expert analyses and user feedback.

　　

Rating Overview

Category	Rating (out of 10)
Account Conditions	4
Tools and Resources	3
Customer Service and Support	5
Trading Setup (Experience)	4
Trustworthiness	2
User Experience	3

　　How We Rated the Broker: Ratings are derived from a combination of user experiences, expert opinions, and factual data sourced from multiple reviews.

　　

Broker Overview

　　Established in 2018, Lapis Smart Trading is registered in the Seychelles but lacks any valid regulatory licenses, raising significant concerns about its legitimacy. The broker primarily offers access to the financial markets through the widely used MetaTrader 4 (MT4) platform. Lapis provides a limited range of asset classes, primarily focusing on forex trading.

　　

Detailed Review

　　Regulatory Status:

　　Lapis Smart Trading is unregulated, which is a critical red flag for potential traders. According to multiple sources, including WikiFX and Forex Academy, the absence of regulatory oversight means that traders may have limited recourse in case of disputes or issues with fund withdrawals. This lack of regulation is a common characteristic among many offshore brokers, which often leads to a higher risk of scams.

　　Deposit/Withdrawal Currencies:

　　Lapis accepts deposits primarily in USD and supports bank transfers and Visa/MasterCard for transactions. However, user feedback indicates that withdrawal processes can be cumbersome, with limited options available. Many users have reported difficulties in retrieving their funds, which is a significant concern for any potential investor.

　　Minimum Deposit:

　　The minimum deposit requirements vary across account types, with entry-level accounts starting around $1,000. This amount is relatively high compared to many other brokers, which often allow smaller initial investments. The higher minimum deposit may deter new traders from engaging with Lapis.

　　Bonuses/Promotions:

　　Lapis offers a 50% bonus on first-time deposits, but users are advised to read the fine print carefully, as such promotions often come with stringent conditions that may restrict fund withdrawals until certain trading volumes are met.

　　Tradable Asset Classes:

　　The broker provides access to a limited number of asset classes, primarily focusing on forex pairs. Users can trade around 29 forex pairs, which include major currencies and a few exotics. However, the range of commodities and indices is quite basic, with only a handful of options available for trading.

　　Costs (Spreads, Fees, Commissions):

　　Lapis's spreads are relatively high, starting from 3.0 pips for lower-tier accounts and improving to 1.5 pips for premium accounts. While the broker claims to be an STP (Straight Through Processing) broker with no commissions for most accounts, the spreads can be steep compared to other brokers in the market.

　　Leverage:

　　The leverage offered by Lapis can be as high as 1:500 for certain account types, which may appeal to traders looking for high-risk, high-reward scenarios. However, such high leverage also increases the risk of significant losses, particularly for inexperienced traders.

　　Allowed Trading Platforms:

　　Lapis exclusively offers the MetaTrader 4 platform, which is known for its user-friendly interface and robust trading tools. However, the absence of proprietary platforms may limit the trading experience for some users looking for advanced features.

　　Restricted Regions:

　　Lapis primarily accepts clients from Vietnam, which significantly limits its market reach. This restriction raises concerns about the broker's intent and its ability to provide a global trading environment.

　　Available Customer Service Languages:

　　Customer support is primarily available in English and Vietnamese. However, user experiences indicate that the quality of support can vary, with some users reporting slow response times and inadequate information provided by customer service representatives.

　　

Conclusion

　　In summary, the Lapis review reveals a broker that poses significant risks for potential traders. The lack of regulation, high minimum deposit requirements, and limited asset classes make it less appealing compared to other options in the market. Users should exercise extreme caution and conduct thorough research before engaging with Lapis Smart Trading. The overall sentiment from various reviews suggests that while there may be opportunities for trading, the risks associated with this broker far outweigh the potential benefits.