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Lotas Capital Review Forex Broker & Trading Markets, Legit or a Scam

Lotas Capital
Score

2/5

Min Deposit

Not Specified

Min Spread

Not Specified

Regulation

Not Specified

Max Leverage

Not Specified

Calls, Email, and Feedback Form
Positive Ratings
40%
Neutral Ratings
20%
Negative Ratings
39%

Lotas Capital is an online forex trading platform. It provides access to various trading products and account types. This makes it easier to trade. The platform offers unique features that enhance the overall experience.

This Lotas Capital review discusses the same and lastly, we will be able to identify the legitimacy of the platform.

General Information & Regulation

Lotas Capital is a forex and CFD trading broker. It is a non-regulated trading platform that imposes risks while trading. However, the platform offers multiple trading instruments, dedicated customer support, trading platforms, and account types.

Aspect

Information

Registered Country/Area

Comoros

Founded Year

1 year

Company Name

Lotas Capital

Regulation

Not Specified

Demo Account

Not Specified

Minimum Deposit

Not Specified

Maximum LeverageUp to 1:200
SpreadsVariable Spreads starting from 0.0 pips
Trading PlatformsMetaTrader 5
Customer SupportLive Chat, Email, and Calls

Market Instruments

Lotas Capital provides a range of market instruments to cater to traders looking to diversify or hedge their portfolios.

Forex

The platform offers limited currency pairs to invest. It includes multiple majors, minors, and exotics.

Commodities

The platform offers trading in popular commodities like gold, silver, oil, and other precious metals.

Stocks

Lotas Capital provides access to shares of top global companies. Traders can gain profits from individual stock price movements.

Cryptocurrencies

Invest in digital currencies like Bitcoin, Ethereum, and Litecoin. The platform allows 24/7 trading in crypto.

Account Types

Lotas Capital offers various account types. These accounts are designed to meet the needs of different traders:

Standard Account

These are designed for beginners. It offers low minimum deposits, tight spreads, and various leverage options.

Gold Account

Ideal for medium-experience traders. Such accounts include enhanced trading conditions and better tools.

Platinum Account

These accounts offer tighter spreads, high leverage, and additional support. The accounts are for experienced traders.

ECN Account

These are the most premium trading accounts. They offer the highest leverage and lowest spreads making it easier to trade higher capital.

Leverage

Lotas Capital offers leverage up to 1:200. This may differ for different account types.

Leverage options allow traders to hold larger positions without investing too much. This increases the chance of profit however, it also increases the potential losses.

Spreads & Commissions

Lotas Capital forex broker offers competitive spreads. Major currency pairs typically feature the tightest spreads due to high liquidity.

Lotas Capital may charge commissions on some account types, particularly those with tighter spreads, while others may be commission-free with slightly wider spreads.

By offering varied cost structures across account types, Lotas Capital accommodates traders with different trading volumes and styles. Clients can select an account type that best suits their trading frequency and budget.

Trading Platform

Lotas Capital Broker operates on effective platforms providing tools for effective trading. The broker supports MetaTrader 5 trading paltform. These provide features including:

Advanced Charting Tools

The platform provides access to technical indicators, drawing tools, and personalized timeframes. It provides a comprehensive environment for technical analysis.

Automated Trading

The platform supports automated trading strategies with Expert Advisors (EAs) based on detailed criteria.

Real-Time Data

Traders can access live market updates and news. The timely information helps in making informed decisions.

  • Diverse Range of Tradable Instruments
  • Variety of Account Types
  • Competitive Leverage Options
  • Advanced Trading Platform
  • Multiple Deposit and Withdrawal Options
  • Potential Withdrawal Fees
  • Higher Spreads on Basic Accounts
  • Limited Features on Basic Accounts
  • Leverage Restrictions in Some Regions

Trading Hours

Lotas Capital’s trading hours depend on the instrument, aligned with global market times:

Forex

Operates 24 hours a day from Monday to Friday.

Commodities and Indices

Typically follows the trading hours of major global exchanges, depending on the specific instrument.

Cryptocurrencies

Available 24/7, offering continuous trading opportunities.

Deposit & Withdrawal

Lotas Capital provides multiple deposit and withdrawal methods, catering to traders worldwide:

Bank Transfers

A standard option, though processing times may be longer than other methods.

Credit/Debit Cards

A quick and convenient method for instant deposits.

E-Wallets

Options like PayPal, Skrill, and Neteller (if available), offer fast processing times.

Cryptocurrency

For traders who prefer digital currencies, cryptocurrency deposits and withdrawals may be supported, providing instant processing and lower fees.

Customer Support

Lotas Capital offers customer support through various channels to ensure clients have access to assistance when needed:

Live Chat

Immediate support through the broker’s website.

Email

Ideal for detailed queries that may require a formal response. You can send your queries to complaint@lotascapital.com.

Phone Support

Direct assistance, is useful for urgent inquiries or more personalized support. Call at +44 7537 168853.

Conclusion

Lotas Capital trading platform is a non-regulated trading platform. This reduces the security of the platform making it a risky broker. Although the platform is registered under MISA, this does not comply with the regulatory standards of security.

Overall, Lotas Capital’s scam trade platform is risky to invest your funds.

FAQS

Is Lotas Capital regulated?

No, Lotas Capital is not a regulated platform.

What is the minimum deposit requirement?

The minimum deposit varies depending on the account type.

What leverage options are available with Lotas Capital?

Lotas Capital offers leverage up to 1:200, subject to account type and regional regulations.

Are there any fees for deposits or withdrawals?

Some deposit and withdrawal methods may incur fees, so it’s advisable to check with Lotas Capital for details.

What platforms does Lotas Capital provide for trading?

The broker supports the MetaTrader 5 trading platform, which includes access via mobile and web.

Does Lotas Capital offer a demo account?

No, a demo account is not available for traders to practice and get familiar with the platform.

What instruments can I trade with Lotas Capital?

You can trade forex, commodities, indices, stocks, and cryptocurrencies with Lotas Capital.

How do I open an account with Lotas Capital?

Opening an account involves completing the online registration form and submitting verification documents.

Is automated trading allowed?

Yes, the platform supports automated trading via Expert Advisors (EAs).