LSFT Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-09-25 10:35

Abstract：Registered in Sri Lanka, LSFT targets the South East Asian market. It offers over 73FX pairs and a few of CFDs. But now it is not regulated well and their website is not available.

　　Note: LSFT's official website: https://lsft.lk/ is currently inaccessible normally.

　　Registered in Sri Lanka, LSFT targets the South East Asian market. It offers over 73FX pairs and a few of CFDs. But now it is not regulated well and their website is not available.

Pros and Cons

Pros	Cons
MT4 provided	No regulated
	Inaccessible website
	No channel to contact
	No info on minimum deposit

Is LSFT Legit?

　　The company is registered under “Section 17(2) of BOI Law,” which, to our understanding, is a system in Sri Lanka aimed at promoting foreign investment by providing certain tax exemptions to businesses. While theres nothing inherently wrong with this, the company asserts that it is authorized to provide access to financial markets—a claim that this law does not specifically support. Therefore, LSFT is not legit.

What Can I Trade on LSFT?

　　In LSFT, you can trade many currency pairs, along with some index and commodity CFDs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Index	✔
Cryptocurrencies	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　LSFT offers only one type of live account - the Standard account with the maximum leverage of 1:500 and the spread from 1.5 pips.

Trading Platform

　　LSFT offers MT4 trading platform. MetaTrader is the leading platform in the currency trading industry and is offered by numerous companies.

Deposit and Withdrawal

　　LSFT only supports traditional payment methods such as Bank Transfers and Credit Cards.

The Bottom Line

　　LSFT is a forex broker operated via MT4 and their the Standard account. However, it is not recommended to trade with it. First, it is not regulated. Besides, their website is not accessible and there is no way to contact them.