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Lotas Capital

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Operating status: SCAM

Website: https://lotascapital.com/

Broker violations and abnormal records
  • 2022-06-23 BrokersView has reviewed that Lotas Capital is an Unregulated Forex Broker

    Lotas Capital claims it was founded in 2017. However, when we checked its domain, we found it was created on 26 Aug 2019. So how could it start its business in 2017? It is a red flag here.

    Besides, Lotas Capital shows its office address is in St. Vincent & the Grenadines. but we did not find any match results to Lotas Capital in St. Vincent & the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does not regulate any entities that offer forex services.

    The truth is that Lotas Capital is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    Lotas Capital claims it was founded in 2017. However, when we checked its domain, we found it was created on 26 Aug 2019. So how could it start its business in 2017? It is a red flag here.Besides, Lotas Capital shows its office address is in St. Vincent & the Grenadines. but we did not find any match results to Lotas Capital in St. Vincent & the Grenadines Financial Services Authority (SVG FSA). Besides, SVG FSA does not regulate any entities that offer forex services.The truth is that Lotas Capital is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

Hello, my question: do they have mini account?

Md Arif Hossain
Nepal
2022-07-17
ANSWER Lotas Capital is not a licensed or regulated broker even though it states offers that look good to be true. Lotas Capital claims it was founded in 2017. However, when we checked its domain, we found it was created on 26 Aug 2019. So how could it start its business in 2017? It is a red flag here.Besides, Lotas Capital shows its office address is in St. Vincent & the Grenadines. but we did not find any match results to Lotas Capital in St. Vincent & the Grenadines Financial Services Authority (SVG FSA). What's more, SVG FSA does neither issue licenses for forex trading nor regulate entities offering forex activities.The truth is, Lotas Capital is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Lotas Capital and trade with licensed brokers.
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