Lioppa Global Markets Ltd Review: Suspected of Fraud

What is Lioppa Global Markets Ltd?

Lioppa Global Markets Ltd (Lioppa) is a British online forex broker providing Contract for Difference (CFD) trading services on various assets, including forex, commodities, indices, and cryptocurrencies. Lioppa emphasizes its high-performance trading platform, which can be used on various devices and accessed from any location, aimed at meeting the needs of both retail and institutional clients.

Lioppa Global Markets Ltd offers a variety of trading accounts, stressing its advantage of low spreads starting from 0.0 pips. The company also highlights its rapid order execution capabilities and states that its platform is suitable for traders with high trade volumes, scalpers, and automated trading systems.

Is Lioppa Global Markets Ltd a legit or scam FX broker?

Lioppa Global Markets Ltd is a private limited company registered in the UK on December 11, 2023, with registration number 15343957. The company's registered address is at Flat 43 Perkins House, Wallwood Street, London. As of December 11, 2023, Lioppa Global Markets Ltd has 2 active directors.

The official website domain of Lioppa Global Markets Ltd was also registered on December 11, 2023. As a newly established broker, it has been actively engaging in online business and internet promotions. Currently, Lioppa Global Markets Ltd is in active status, but has been established for a short time.

Lioppa Global Markets Ltd currently has no effective regulation. The broker is not formally regulated by any regulatory body, and the so-called regulatory licenses it holds are questionable. Lioppa Global Markets Ltd claims to have a Money Service Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN), and it states that it operates under the regulation of the Financial Transactions and Reports Analysis Centre (FINTRAC). The broker also mentions being regulated by the National Futures Association (NFA) in the United States, with regulatory license number 0560655.

The regulatory status of the company in the United States is abnormal, and it is not authorized by the National Futures Association (NFA). According to NFA regulations, Lioppa Global Markets Ltd is not a member and is not regulated by the NFA. FinCEN's task is to protect the financial system from illegal use, combat money laundering and terrorism-related crimes, and promote national security by strategically using financial authorities to collect, analyze, and disseminate financial intelligence.

Lioppa Global Markets Ltd references specific regulatory bodies in its promotions, but its actual regulatory status may not be as described in the promotions. Therefore, the broker poses a high potential risk. It is very important for investors considering using the services of Lioppa Global Markets Ltd to understand the veracity of its regulatory status.

Trading Instruments:

Lioppa Global Markets Ltd offers a diverse range of trading products, covering multiple financial markets. According to its official website, the company's trading instruments include:

1. Forex: Offers trading in 61 currency pairs, including major and minor pairs with tight spreads starting from 0.0 pips and leverage up to 1:500.
2. Commodities: Over 22 types of commodities are available for trading, encompassing energy, agricultural products, and metals. These commodities can be traded against the US dollar or as futures contracts (CFDs).
3. Indices: Trading is available for 25 global indices, including major stock market indices with low spreads from 0.4 pips and commission-free.
4. Cryptocurrencies: Offers trading in 10 of the most popular cryptocurrencies, available for trading seven days a week, suitable for investors sensitive to market volatility.
5. Futures: Offers trading in 4 global futures products without commission and with leverage up to 1:200.

As a platform providing Contract for Difference (CFD) trading, while Lioppa Global Markets Ltd offers a diversified portfolio of financial products, it also stresses the importance of risk management and compliance. Investors should fully understand the associated risks when choosing trading products and make prudent decisions based on their financial situation and trading experience.

Trading Platforms:

Lioppa Global Markets Ltd offers a variety of trading platforms, including Tradingweb, Tradingweb iPhone/iPad, and Tradingweb Android. These platforms are designed for different devices and user needs to ensure traders can trade easily on any device.

The Tradingweb platform is Lioppa's main trading system, offering multi-asset trading functionality. The iPhone/iPad and Android versions of the Tradingweb platform provide the same trading experience for mobile device users. These platforms all emphasize fast order execution, low spreads, and deep liquidity, suitable for users using automated trading systems and high-frequency trading.

Trading Accounts:

Lioppa Global Markets Ltd offers two types of trading accounts: Standard Account and Demo Account.

1. Standard Account: This account type is aimed at investors who wish to engage in real trading. Real accounts offer raw pricing and commission-free trading, with an emphasis on rapid order execution. The account supports leverage up to 1:500 and provides deep liquidity. Additionally, real accounts allow the use of Lioppa's Tradingweb platform for trading.
2. Demo Account: This account is suitable for beginners or those who want to test strategies without risk. The demo account allows users to trade in a simulated environment to experience real-market volatility without investing real funds.

How to Open an Account?

1. Visit the official website of Lioppa Global Markets Ltd.
2. Click the "CLIENT LOGIN" button on the page to enter the login page.
3. If you are a new user, select "Sign Up" to register a new account.
4. To register an account with Lioppa Global Markets Ltd, you will need to fill in a username, mobile number, verification code, gender, email address, password, country, address, and upload photos of the front and back of your ID card. If you have a referrer, you can also provide information about that person.
5. After filling in the information, follow the prompts on the page to complete the registration process.

Please note that sensitive personal information, including ID card photos and addresses, is required during the account opening process. Therefore, ensure you understand and trust the platform's security and privacy policy before providing such information.

Spreads and Commissions:

According to its official website, Lioppa offers a structure of low spreads and commissions. As a potential trader, you still need to consider the risks associated with any financial trade and make wise decisions based on your financial situation and trading experience.

1. Spreads: Lioppa emphasizes that its spreads are among the lowest in the world for currency pairs, especially with an average spread of 0.1 pips for the EUR/USD pair, which is competitive in the industry. Moreover, the company offers spreads as low as 0.0 pips on its Tradingweb platform, which is attractive for traders looking for low-cost trading.
2. Commissions: According to Lioppa, its standard account type offers commission-free trading. This means traders can trade without adding any additional costs, which is a significant advantage for those with high volumes or who trade frequently.

Leverage:

Lioppa Global Markets Ltd offers leverage up to 1:500 for its clients. This level of leverage is high in the industry, allowing traders to control larger trading positions with a relatively small amount of margin. This leverage setting provides greater opportunities for market participation and increases trading flexibility.

High leverage can amplify profits but also increases the risk of losses. Lioppa's high leverage is suitable for experienced traders who can use it to execute complex and high-risk trading strategies. However, for novice traders or those with low-risk tolerance, high leverage poses greater risks. Therefore, clients of Lioppa should carefully consider and understand the associated market risks when using high leverage for trading.

What is the maximum leverage offered by LIOPPA GLOBAL MARKETS LTD?

The maximum leverage offered by Lioppa Global Markets Ltd is 1:500. This means investors can engage in larger scale trading with smaller capital. However, it is important to note that high leverage trading also increases the risk of losses, and should be used with careful consideration of one's risk tolerance.

Deposit and Withdrawal Methods:

Lioppa Global Markets Ltd offers a variety of deposit and withdrawal methods to accommodate the needs of different clients. According to information obtained from its official website, the account fund operations of Lioppa Global Markets Ltd include:

• Deposits: Lioppa offers customers more than 15 flexible deposit options, supporting 10 different base currencies. Clients can make immediate and free deposits through various methods.
• Withdrawals: Lioppa also offers convenient withdrawal operations for clients. Specific withdrawal methods and processing times may vary according to the client's account type and geographic location. However, detailed withdrawal methods are not disclosed.

What is the minimum deposit for LIOPPA GLOBAL MARKETS LTD?

The official website of Lioppa Global Markets Ltd does not clearly disclose specific information about the minimum deposit amount. Typically, different trading platforms set different minimum deposit requirements based on their services and customer needs.

Related Reviews

Based on relevant user reviews, Lioppa Global Markets Ltd claims to be regulated by certain financial regulatory authorities, but the authenticity of these statements has been questioned. For instance, although the company claims to be regulated by the FSA, investigations have found that it may lack effective regulatory license evidence, causing investors to be highly cautious about any transactions with the company to avoid potential financial risks and losses.

Moreover, there have been reports suggesting potential fraudulent activities involving Lioppa Global Markets Ltd. For example, some publicly available information indicates that the financial license of the broker might be forged, and the company's website has been created for a short time, which are potential risk signals.

In summary, although Lioppa Global Markets Ltd offers a range of trading products and platforms, due to the lack of transparency and regulatory compliance, as well as insufficient customer support, investors should be very vigilant before considering any trading or investment activities with Lioppa.

Conclusion

Lioppa Global Markets Ltd, commonly known as Lioppa, is a forex broker established in 2023, mainly providing Contract for Difference (CFD) trading services on various assets. Lioppa offers two types of trading accounts and provides leverage up to 1:500. Lioppa Global Markets Ltd currently has some issues with regulation. The broker is not formally regulated by any regulatory authority, and the authenticity of the regulatory licenses it holds is questionable, hence the broker may pose a high potential risk.