Lioppa 2025 Review: Everything You Need to Know
Summary: Lioppa Global Markets Ltd, a forex broker established in 2023, raises significant concerns regarding its legitimacy and regulatory compliance. The broker claims to offer competitive trading conditions, but various sources highlight potential risks, including unregulated status and possible fraudulent activities.
Note: It is crucial to consider that Lioppa operates under different entities across regions, which can complicate its regulatory standing. This review aims to present an accurate and fair assessment based on available data.
Rating Overview
We rate brokers based on user feedback, expert opinions, and factual data from multiple sources.
Broker Overview
Lioppa Global Markets Ltd, registered in the United Kingdom, was established on December 11, 2023. The broker offers a variety of trading instruments, including forex, commodities, indices, and cryptocurrencies. Notably, it claims to provide access to advanced trading platforms, including web-based solutions, mobile apps for iOS and Android, and potentially MT4 or MT5, though specific details about platform functionality remain vague. However, it lacks effective regulatory oversight from recognized authorities, raising red flags for potential investors.
Detailed Analysis
Regulatory Status:
Lioppa claims to be registered with the UK's Financial Services Authority (FSA) and asserts it holds a Money Service Business (MSB) license from the Financial Crimes Enforcement Network (FinCEN). However, multiple sources indicate that Lioppa is not authorized by the National Futures Association (NFA) in the United States, which is particularly concerning given that US citizens are prohibited from trading CFDs. The lack of a valid regulatory license means that Lioppa operates in a high-risk environment, where investor protections are minimal.
Deposit/Withdrawal Methods:
Lioppa claims to support various base currencies for deposits and withdrawals, though specific details on withdrawal methods and processing times are not disclosed. The absence of transparent information on these aspects adds to the uncertainty surrounding the broker's operations.
Minimum Deposit and Promotions:
While the exact minimum deposit requirement is not clearly stated in the sources, the broker promotes low spreads, with claims of average spreads starting from 0.1 pips for major currency pairs. However, the lack of regulatory clarity may deter potential investors from engaging with the broker.
Trading Instruments:
Lioppa provides access to a wide range of trading products, including 61 forex pairs, 22 commodities, and 10 cryptocurrencies. While this diversity is appealing, the lack of regulatory oversight raises concerns about the safety and reliability of trading these instruments.
Costs:
Lioppa advertises low spreads and commission-free trading on standard accounts. However, the specifics regarding fees and commissions remain ambiguous, contributing to the overall uncertainty regarding trading costs.
Leverage:
The broker offers leverage up to 1:500, which can amplify potential profits but also increases the risk of significant losses. Traders are urged to assess their risk tolerance carefully, especially given the broker's unregulated status.
Trading Platforms:
Lioppa provides multiple trading platforms, including web-based options and mobile applications. However, the unique features and functionalities of these platforms are not well-defined, which may be a concern for traders seeking robust trading tools.
Restricted Areas:
Lioppa does not provide services to jurisdictions where its operations may violate local laws or regulations. However, the specifics of these restrictions are not clearly outlined in the available sources.
Customer Support Languages:
Lioppa claims to offer 24/7 customer support, but it only allows users to leave messages through its official website. The lack of direct contact methods, such as email or phone support, raises concerns about the quality and accessibility of customer assistance.
Repeated Rating Overview
Detailed Breakdown
Account Conditions:
The account conditions are rated low primarily due to the lack of transparency regarding fees and the unregulated status of the broker. The ambiguity surrounding the minimum deposit requirement further compounds these issues.
Tools and Resources:
Lioppa's tools and resources are considered inadequate. The broker lacks comprehensive educational materials, which could hinder less experienced traders from making informed decisions.
Customer Service and Support:
Customer service is rated poorly due to the limited methods of contact. The absence of direct communication channels can lead to frustration among users who require immediate assistance.
Trading Setup (Experience):
The trading experience is rated moderately, as the broker offers a range of trading platforms. However, the unclear features and functionalities diminish the overall trading experience.
Trustworthiness:
Lioppa's trustworthiness is severely compromised due to its unregulated status and potential fraudulent activities reported by users. The lack of a valid regulatory license raises significant concerns for potential investors.
User Experience:
User experience is rated low, reflecting the negative feedback from users regarding withdrawal issues and the overall transparency of the broker's operations.
In conclusion, while Lioppa Global Markets Ltd presents itself as a promising broker with a wide array of trading instruments and competitive spreads, significant red flags regarding its legitimacy and regulatory compliance warrant caution. Potential investors are strongly advised to conduct thorough research and consider alternative brokers with established regulatory oversight to ensure a safer trading environment.
