LTC FIN is a new-generation trading platform. The broker claims that with it you can easily and comfortably start working in the financial markets. However, do not rush to accept this offer. First, you need to make sure that it’s not a scam. We will help you with this and check whether you can trust this company. At the same time, we will read the reviews of real traders.
- LTC FIN General Information
- Registration and Client Portal Review
- LTC FIN Trading Conditions
- Account Types Review
- Trading Platform
- LTC FIN — Deposit and Withdrawal of Funds
- Additional Options
- Is LTC FIN a Scam?
- Legal Information and License
- Ltcfin.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
LTC FIN General Information
|Phone Number||+1(5878) 858 834|
|Address||Rue du Pré-de-la-Bichette 1, 1201 Genève, Switzerland|
Registration and Client Portal Review
The LTC FIN official website greets us with loud statements and videos of traders in the background. Apparently, it should convince us that professionals work here. On the main page, you can see huge numbers of trading volume, several quotes in real-time, and an endless enumeration of the advantages of the broker. However, there is not enough information about the company itself, and there are no necessary legal documents. In general, the site makes a rather unpleasant impression. Its design seems clumsy. It doesn’t look like a lot of money has been spent on it.
The registration process in the LTC FIN will not be surprising. As with many platforms, you will only need to provide personal data and contact details, including phone numbers and email. At the same time, the broker is negligent about your data. It didn’t even check the authenticity of the email and phone number. No confirmation codes, and no two-factor authentication.
The client portal looks as unattractive as the website. The main menu is located on the left. There you can change your trading settings, fund your account, or withdraw money. The FAQ section is duplicated here for some reason. You can also read the news or contact support.
LTC FIN Trading Conditions
Some sources characterize LTC FIN as a cryptocurrency broker. We do not agree with this title. We’ll explain our point of view.
Account Types Review
The first thing we noticed on the site was the minimum deposit. We have met various greedy brokers. However, LTC FIN will easily give them all a head start. Just imagine! You will need to fund your account with at least 10 thousand dollars! At the same time, practically no additional services are provided to you. Everything that is included in this type of account is:
- Basic education
- Basic risk management strategies.
A very interesting principle works with LTC FIN. The bigger deposit you have, the more services you will be provided. For those clients who will transfer 250 thousand dollars to the account, the broker is ready to provide many additional options. These include trading signals, risk-free trades, increased leverage, and so on. By the way, what is missing in the description of these accounts is information about trading specifications. LTC FIN does not disclose what leverage is on the platform, what spreads, swaps, commissions, and other important things. Oh, yes, one more thing! It is not a cryptocurrency broker at all. Among the trading instruments, it has only CFDs.
The award-winning platform just threw us into laughter. We haven’t seen such squalor in a long time. By the way, you will get access to it only after you fund your account. However, even without this, you can see how far this terminal lags behind modern and popular web traders. We got the impression that this development is at least 10 years old. Definitely, LTC FIN did not spend any time or money on creating this software.
LTC FIN — Deposit and Withdrawal of Funds
LTC FIN ensures that it accepts money via bank transfers, credit cards, and cryptocurrency, BTC. There are commissions, but their exact amount is not specified. The withdrawal process can take three days.
LTC FIN insists on passing verification. You can confirm your identity in your Client Portal. You will need to upload copies of documents to a special form. Among them is a document for proof of address, and a copy of your credit card. The broker wants to make sure that the funds you transfer to its platform belong to you and are obtained legally.
Additional LTC FIN services are not diverse. The broker offers trading signals. However, keep in mind that the qualifications of its analysts and the people who make up these signals are not proven by anything. The whole team is completely anonymous.
Additionally, the company promises to award a welcome bonus. At the same time, they don’t write about this proposal in detail. The site only states that all the nuances will be explained to you by managers in a personal conversation.
Is LTC FIN a Scam?
It is quite obvious that LTC FIN is hardly a reliable and transparent broker. The trading conditions are just amazing in a bad way. Licensed brokers, on the contrary, lower the minimum deposit bar. Here you need to deposit 10 thousand immediately to a real account, even without trying a demo. As if that’s not enough, LTC FIN also offers you a welcome bonus. By the way, all reputable regulators prohibit this. However, let’s move on to other signs of fraud.
Legal Information and License
There is no legal information on the site. You can verify this for yourself by reading the User Agreement. LTC FIN does not disclose:
- The legal name of the company
- The country of registration
- The name of the managing director
- The address of the headquarters, etc.
We can only proceed from the fact that the office of this company, according to legend, is located in Switzerland. That’s why we checked the Swiss register of legal entities. Guess who we didn’t find there? That’s right, LTC FIN. This project is completely anonymous and unregulated.
Ltcfin.com Domain Info
Do you still remember that LTC FIN calls its platform award-winning? And would you believe that this platform managed to win an award in just 20 days of its existence? Yes, that’s how long this project has existed at all. The domain ltcfin.com was registered on December 29, 2022.
Checking contacts has become almost our favorite part of this review. LTC FIN provides phone numbers, and email, and even provides an office address. We don’t know about the office, but everything else amused us very much. The fact is that the same phone number and address were found at another broker called CentralMargins. And no, it’s hardly plagiarism. This site is no longer working. So we conclude that LTC FIN is a real serial scammer.
That was not all the failures of this pseudo-broker. If you have read the User Agreement, you are probably left at a loss. We got the impression that LTC FIN just posted this document without first reading it. There you will find strange paragraphs that all services are provided by subscription and prepayment. The money for the subscription will not be refunded to you and all that stuff. At the same time, there is not a single word about the trading process. Meanwhile, a disclaimer is repeated more than once.
Pros and Cons
- The minimum deposit is too large.
- Trading conditions are not described in detail.
- No legal data.
- The company is not officially registered
- No license
- The period of existence is too short.
Frequently Asked Questions (FAQ)
This broker offers cryptocurrency trading. However, don’t trust its words too much. In fact, you will only trade CFDs on the platform.
To trade with LTC FIN, you will have to fork out seriously. The minimum deposit at this broker is 10 thousand dollars.
No, of course not. This is definitely a scammer who has only been around for 20 days. This company doesn’t even exist legally. And there is no license here.