LST-IC – scammers or not? Not!
Barry Copeland
21 / November / 22
Visitors: 208
Every Forex broker claims it is the best to deal with, and the fraudsters who just pretend to be legit brokers do the same and they are even louder. Which one of them is really the best – it is a question, but at least there are some markers, which help us identifying scammers. Check how this works using our example, anti-fraud check of LST-IC.
There is no fixed order of actions, but we would recommend starting with search of LST-IC scam reviews on the web. Unlike birds in the sky, Forex brokers leave noticeable trails – if company works at least for several months, it has some history and there are people to tell it. Some of these stories are good, some of them aren’t, just pay attention to facts and you’ll most likely see whether it is worth to get to this company closer at all. A hint for beginners – most of the scam lists like 10, 20 scammers are quite useless. As we haven't seen somebody accusing LST-IC of fraud, we can go to the next milestone and check their website.
It may seem too simple, but it still works – good broker is very serious about its website and content on it. If LST-IC was a scammer its website would most likely be half-empty as not informative at all. So if we can’t say any of these things about it, we are most likely moving in right direction. The website should give us the full picture of what company is and what it does. In case with our LST-IC mini scam review we see the answer for the second question, but the information about the company itself is minimal. We can only say it is incorporated in UK and its office is also there. That doesn’t look critical so far, but there are companies telling about themselves much more.
It seems to be the only disturbing thing we can say about LST-IC, the rest looks better. And, which is even more important, the really worrying signs are missing. We are speaking of such things as profits or cash bonus for opening an account, automatic trades or signal to guarantee profits and other things of this kind.
The point is Forex brokers just should not promise you returns of any kind. In other words, we would have all reasons to call LST-IC fraudsters if the company promised to make us money. And it is applied to any market, not just Forex. If LST-IC is a legit broker, it just provides us with a spot and tools to trade, we are responsible for our profits or losses ourselves.
The same applies to generous giveaways for investors. Do not hope that you will be that extremely lucky client who gets a new car or something of this kind for just opening an account or making a deposit of $500. The general rule of thumb is something as following: you should better stay away from any promises too good to be true.
Another worrying sign may be some sponsorship programs for athletes, for example. The fact is athletes know very few things about markets and fraud schemes used on them, but 95pc of them are happy to see any sponsor. Not every company sponsoring athletes is using them as cover for their scam practices, of course. But most of legit brokers (and LST-IC too) just don’t need that as they have a plenty of other channels to promote themselves and their services. In other words, the broker’s logo on athlete’s jersey doesn’t make the company legit.
One more thing to mention is the affordable threshold to start trading. The model “deposit $1000 today and withdraw $1500 tomorrow” is not just never works; it is one of the most reliable fraud alerts. The good news is that Forex broker LST-IC doesn’t asks for anything of this kind and doesn’t promises instant returns – its minimal deposit for Basic account type is EUR250.
Then there is another important thing to check – the payment methods supported and used. We all like fast payments, but in case with Forex we should remember, that fraudsters are very fond of crypto, too. That has very simple explanation – most of the scammers targeting your money prefer crypto as it is almost impossible to track or to roll back the crypto transaction. So if the crypto payments is the only option available, just leave, let somebody else enjoy the speed and anonymity of transactions (at least for a while). LST-IC proposes various payment methods. They include crypto, but it just one of the options and not the only one.
It looks like we have gathered enough facts to conclude our little scam review of LST-IC. The company is quite closed, it does not seem to be eager to provide a lot of information about itself. On the other hand, it is not involved in scandals and information on its website and on the web in general contains no evidence of using any fraud schemes and practices.
Sims Shennon
05.12.2022I give credit to the personal managers and their work. My withdrawal was waiting for more than a week, but there is my fault, because I requested it on Friday evening and got it on the weekend. There is no limit on the amount.
Stouks Herold
06.12.2022Personal experience has convinced that Lst-Ic is not a crook. Personal account is easy to use, all the tools at my fingertips. I never had to pay any fees or commissions, and I was happy about it.
Foks Elvin
07.12.2022The broker has a good technical base and first-class service. The analytics is quite accessible, the support team is in touch.
Fauler Britton
08.12.2022The trading platform Lst-Ic does not belong to the number of scammers and other dishonest companies. I personally paid everything. Plus, was bribed with lucrative promotions.
Mitchell Kemron
09.12.2022Good, thoughtful service. It is not perfect, but you can work. I could basically start with the minimum deposit. The main thing is to know what to do and which deals to close. Try it, you will not regret it.
Maksvell Piter
13.12.2022I was pleased with the round-the-clock access to the Client Cabinet. No restrictions, trade as much as you want. I have never been on this kind of brokerage, I have never been on this kind of brokerage and I have never been on this kind of brokerage. In addition, the company does not pester me with calls.
Myorfi Piter
14.12.2022I give the broker an "A" for sure. I have a very good feedback for my clients. I have a good working relationship with my broker and I guaranty my clients.
Fillips Malkolm
15.12.2022To make sure that Lst-Ic is not a fraud just open an account. Then everything will be clear and clear. I've never tried anything else, I've never really understood anything. I have a Standard account and I'm satisfied with it.
Makdeniel Ronald
16.12.2022I have a Standard account and I am satisfied. I have not been trading for a long time, so I am very cautious, but the broker is good. I like the speed and the interface. In addition, I had a great pleasure to go through training course.
Perish Uilyam
17.12.2022At first it seemed to me that Lst-Ic is an ordinary scammer offering extremely tempting conditions. So I decided to check if this is really the case. I am glad that I was wrong and finally found my broker. I am glad that I was wrong and that I finally found my broker.
Morris Fillip
18.12.2022Not a spammer or another empty shell. Lots of tutorials and working terminals. I can use different trading styles and demo trading.
Heath Mervin
04.01.2023In LST Inc, it is connected to the copy of the trading. I like their program more than other brokers, everything is intuitive here and you can connect directly from the site, having previously regained in your personal account.
Mathews Robert
06.01.2023Also, the mutual accounting system is convenient when payments go only for profitable transactions at the end of the month, and not immediately after each closed. The plus is that the accounts can even open the centers and the LST Inc company also gives bonuses.
Simmons Peter
09.01.2023LST Inc has a very wide range of bonuses, at almost every step you can get a pleasant present. Do not think, this is not a lure, but really everything. They have already pleased me several times.
Alexander Joseph
25.01.2023Each broker cannot be perfect, it has its own nuances in LST Inc, but they are not significant, and they don’t prevent me from working with it for a long time and display normally.