At first glance, LPL Capital looks like a worldwide trading company. But it’s just a glance. If you decide to look a bit better, you will discover that none of the tabs legit brokers should have are available. Also, some crucial information, such as company owner and regulation, is missing. Can you trust such a broker your funds?
Let’s see in our profound and honest LPL Capital review.
|Broker status:||Unregulated Broker|
|Regulated by:||No Regulation (Unlicensed Brokerage)|
|Scammers Websites:||lplcapital.com and lplcapital.eu|
|Blacklisted as a Scam by:||FINMA and CONSOB|
|Supported Trading Platforms:||Mobile App|
|LPL Capital Minimum Deposit:||$250|
|Cryptocurrencies (Crypto Assets):||Available (BTC, ETH, ADA)|
|Available Trading Assets:||Forex, Commodities, Indices, Bonds, Cryptos|
|Islamic Account:||Not Available|
|Free Demo Account:||Not Available|
|Accepts US clients:||Not Accepted|
LPL Capital Regulation and Licensing Details
LPL Capital is an anonymous brand without an actual company owner listed. According to the Terms and Conditions section, the broker is operating under Estonian laws, and every conflict should be resolved under their jurisdiction. Even Estonia has an authority body. Is broker regulated and licensed there?
What’s Wrong With License and Regulation?
After checking the Estonian FSA register, we can safely conclude that the broker does not have any licenses for providing financial services. Since it’s not regulated by tier-one regulators such as FCA, ASIC, or BaFin, it is considered a hazardous broker.
Scam Warnings From Financial Regulators
When a broker is running a scam operation, some regulators must notice it. The first one to issue an official warning against LPL Capital forex broker was the Swiss FINMA. According to them, LPL Capital is an unknown scam that operates in the EU, using the .eu domain and Swiss address, but has no relations with the European Union. This warning was followed by a similar one issued by the Italian CONSOB.
LPL Capital Trading Platform Review
Since having a trading platform is a cost for brokers, some are unwilling to pay. They usually only offer a TradingView chart or some sort of an app they developed. Usually, this solution looks so poor and so not usable, so they cannot even offer a Demo account not to reject traders before starting.
Broker trading platform is a Mobile App the company developed, calling it a powerful trading tool. If you choose to trust many LPL Capital reviews out there, there’s nothing powerful about their app or trading with the broker in general.
Assets You Can Trade With a Broker
The broker offers trading with currency pairs, commodities, indices, bonds, and cryptocurrencies. As aforementioned, the whole trading process is on the mobile app and TradingView chart, while leverage and spread are not listed.
Broker minimum deposit is $250 and can be made via debit/credit cards and wire transfer.
LPL Capital Withdrawal Issues
However, based on reviews, if you want to withdraw your funds, it’s not the option. This broker will go that far as to suspend your account before giving you any money back. Beware!
LPL Capital Login Issues
Reportedly, there are many login issues. Some of them are due to website lags, and some of them are caused exactly because accounts are suspended if people ask for money back too much.
Don’t fall for the LPL Capital scam and stay away from scam broker FidelisCM.
What to Do if You Fall for an LPL Capital Scam?
Global Fraud Protection recently received numerous complaints about the broker. You need to know that you are not the only victim of the scam. Many have been in your situation and we helped them get a refund. All you need to do is file a dispute and ask for a chargeback.
If you have been scammed by LPL Capital or any other bogus brokerage, report it immediately. Contact us via chat, and let’s get your money back now.
Don’t Let the Scammers Go Away for Free!
What is LPL Capital?
It is an online multi-asset trading brokerage allegedly based in Switzerland.
Is LPL Capital regulated and licensed?
Broker has no regulation nor license for providing financial services in any country. Beware of fraud and withdrawal issues!
Is my money safe with the LPL Capital broker?
Since the broker is not regulated, your money is not safe with the LPL Capital broker.
Does LPL Capital Offer a Demo Account?
No, broker does not offer a Demo account to its clients.