Today, we invite you to explore our Lotas Capital review, where we take a closer look at a broker that promises to help you build a solid portfolio for stable profits — even if you’ve never done it before. Of course, our goal is to verify these claims and determine whether this platform poses any risk to your funds.
- Lotas Capital General Information
- Registration and Client Portal Review
- Lotas Capital Trading Conditions
- Account Types Review
- Trading Platform
- Lotas Capital — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Lotas Capital a Scam?
- Legal Information and License
- Lotascapital.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Lotas Capital General Information
| Website | https://www.lotascapital.com/ |
| Phone Number | +44 7537 166150 |
| complaint@lotascapital.com | |
| Address | P.B. 1257 Bonovo Road, Fomboni, Moheli, Comoros Union |
| License | MISA |
| Minimum Deposit | — |
| Assets | CFDs |
| Leverage | 1:200 |
| Trading Platform | MT5 |
Registration and Client Portal Review
The official website of Lotas Capital looks quite decent. At the very least, the company has paid proper attention to detailing its trading conditions — you can even find spread sizes right on the homepage. The footer contains legal information, and the menu is well-structured and thoughtfully designed. Of course, there are some details that won’t be immediately noticeable, requiring a closer look at the site. Additionally, the platform is only available in English, Arabic, and Farsi, which strongly suggests that this broker may not be as global as it claims. However, overall, our site review didn’t reveal any major issues.
Registration on the site follows a fairly standard process, but the form is quite detailed. You’ll need to fill in not only your contact information but also provide your address right away. Once you create a password and review the terms, you can submit your application for review. You’ll receive an email with a confirmation link. After verifying your email address, you’ll gain access to the Lotas Capital client portal.
Lotas Capital Trading Conditions
Since the company heavily promotes its trading conditions, let’s take a closer look at what they actually offer their clients.
Account Types Review
First of all, we couldn’t find any mention of a demo account on the website. It’s unclear whether one is available or if clients are required to deposit real money right away. Another downside is that the minimum deposit amounts for different account types are not specified. This information is missing even in the FAQ section. It’s strange that Lotas Capital overlooked such an important detail, especially considering that other trading conditions are described in detail.
The broker offers five account types, one of which is Islamic. They also claim to provide an ECN account, but we believe this could be misleading. Most likely, this account is labeled “ECN” simply because Lotas Capital charges commissions instead of spreads, rather than actually offering ECN access to the market. Given that even this account provides an extremely high leverage of 1:200, we have no doubt that true ECN technology is not in use here — such leverage is unheard of on any intermarket.
Spreads are detailed on the website and vary depending on the instrument. We won’t list them all, especially since they are floating, but you can check the tables on the website for the exact figures.
Trading Platform
Lotas Capital offers only the MT5 platform. This is a solid choice, as MT5 is widely recognized for its advanced features and flexibility.
It provides a more modern and powerful trading experience compared to its predecessor, MT4. Besides, it supports more order types, including buy stop-limit and sell stop-limit, which gives traders greater control over their entries and exits. Additionally, it features a built-in economic calendar, enhanced charting capabilities, more timeframes, more technical indicators, and an improved strategy tester for backtesting trading algorithms. The platform also supports market depth analysis. It is designed for multi-asset trading.
Lotas Capital — Deposit and Withdrawal of Funds
The only thing we know for sure is that Lotas Capital promises withdrawals within 30 minutes. However, as you can imagine, we cannot confirm whether this is actually the case or how long it truly takes to process a withdrawal request.
Additionally, the broker does not disclose which payment systems are available for deposits and withdrawals. The issue of fees is also completely unclear. The user agreement only states that all transaction costs are covered by the client and that the fees will be specified in the relevant documents. This means traders have no way of knowing in advance how much they will be charged. Naturally, this lack of transparency is far from ideal.
Verification
Verification is a mandatory step at Lotas Capital. Without completing it, you won’t be able to fully access the platform’s services. The process follows standard KYC requirements.
To verify your account, you need to provide:
- Proof of identity — a passport, national ID card, or driver’s license. The document must be valid and clearly visible.
- Proof of residence — a recent utility bill or bank statement that includes your name and address, issued within the last three months.
After submitting the required documents, the broker reviews them.
Additionally, Lotas Capital reserves the right to request extra documents at its discretion. This may include additional proof of funds, a selfie with your ID, or any other verification materials the broker deems necessary. Such requests can arise at any stage, including deposits, withdrawals, or even during routine account checks. Failure to provide the requested documents may result in account restrictions or delays in processing transactions.
Additional Options
Lotas Capital provides some additional educational resources, but they are rather basic. The “Education” section includes:
- FX Trading — likely general information about forex trading concepts.
- Forex Calculators — a set of tools to help traders with position sizing, pip value, and other calculations.
- Live FX — real-time forex market data.
- Daily Newsletters — some market updates, though the quality and depth are dubious.
- Economic Calendar — a standard tool showing key financial events and indicators.
These features may be useful for beginners. However, they don’t offer in-depth training, structured courses, or interactive learning.
Is Lotas Capital a Scam?
Now, let’s determine whether this company deserves trust and if traders’ funds are safe with them. We’ll uncover all the necessary details.
Legal Information and License
Lotas Capital claims to be registered in the Comoros Islands and licensed by the local MISA regulator. While this organization does exist, it’s not a government financial authority but rather a private entity that issues licenses for a fee. Lotas Capital’s license is valid until August 2025, after which they can simply pay a relatively small amount to extend it for another year or two.
It’s easy to see that this type of regulation provides little to no investor protection. If you research scams licensed by MISA, you’ll likely be surprised by how many there are.
Lotascapital.com Domain Info
A domain check reveals that the broker’s website was registered in 2019. However, they only obtained their MISA license in 2023. Given the very limited number of reviews about this platform, we assume that it likely started operating fully just a couple of years ago.
Contacts Review
The company provides a full list of contact details, including a phone number and email address. However, the office address is purely virtual — you won’t find a stylish open-space environment with broker representatives working there. This address is merely used for registration purposes.
More Details
Lotas Capital operates under a market maker model. This means that the broker itself takes the opposite side of clients’ trades and does not route them to the real market. This setup creates an inherent conflict of interest. So, the broker profits when traders lose. Slippage, price manipulation, and delayed withdrawals are common issues traders face with such brokers.
Given that Lotas Capital is lightly regulated, there’s little assurance that it follows ethical market-making practices.
Pros and Cons
- Provides full contact details.
- Offers a detailed breakdown of spreads for different instruments.
- Licensed by a weak, non-governmental regulator.
- Operates as a market maker.
- No clear information on deposit and withdrawal fees.
- Uncertain whether a demo account is available for beginners.
- High leverage.
Lotas Capital works under a weak regulator, which offers little to no investor protection. The company claims to provide ECN trading, yet its high leverage and market maker model indicate otherwise. With a lack of transparency on deposits, withdrawals, and potential hidden fees, traders risk losing their funds.
Frequently Asked Questions (FAQ)
It offers trading services and provides various account types, including an Islamic account.
The minimum deposit is not clearly stated. We recommend investing only a small amount, as there are several concerns about the broker’s legitimacy.
No, it operates under a questionable regulator, and its business model raises concerns about potential risks to your funds.
Such a company cannot be called reliable.
Hello, I’ve been trading with them since April 2024. As soon as I stopped depositing funds, they immediately blocked my account, stopped responding to emails, and the chat is unavailable. Their customer support seems to be non-existent. They have offshore registration, unreasonable trading conditions, and aggressive support – all signs of an unreliable broker. I’m writing this review for anyone considering registering and trading on the platform. This is a warning – with a 90% chance, the broker will disappoint you in one way or another. Better not to try.
Something seems off
I visited the Lotas Capital website, studied the company’s information, and I can’t say anything good about this “broker.” They don’t have a separate section explaining what the company is, when it was founded, or who is behind its creation. There’s no data about liquidity providers, order execution systems, or even any information about insurance. Now, let’s compare this with truly respected brokerage companies that have been operating for 10-20 years and serve millions of clients. Their websites always provide detailed company histories and order execution models. They don’t hide their operations because they have nothing to hide. But what do we see here? Just one license from MISA and that’s it? How can such a broker be called reliable, honest, and safe? The answer is obvious – it cannot!!