LottMarket Review

Is LottMarket Scam or Legit Broker?

No, it is not safe to trade with LottMarket. The broker is suspected of being a scam, as it does not hold any serious license from a top-tier authority. In fact, LottMarket is an offshore broker located in Vanuatu, which is an offshore location. Read why it is not safe to engage in trading with Vanuatu brokers. 

What is LottMarket?

LottMarket is a trading name used by the company that the company claims its establish date since 2014 with an office located in the UK. The broker offers vast trading opportunities promises potentially high investment profits and states that 75% of traders have become successful managers while delivering PAMM service (You may be interested in checking PAMM accounts for US residents). However, during the research, we revealed that the company, in fact, is registered in Vanuatu, which means the broker is regulated by none of the authorities and can promise a lot, while the truth can be different.

• The risk of trading with non-regulated entities hides at the point when the trader deposits funds and then suddenly either loses capital, or the broker will find reasons why funds will not return to their owner. This is typical fraud behavior, and a nonlegitimate company, of course, can do so. For that reason, we strongly recommend engaging in trading only with regulated brokers from the UK or other reputable jurisdictions.
• In regards to LottMarket, there is no damming evidence that LottMarket is a pure scam, but there is evidence of some negative reviews from the traders. Along with the warning issued by the authorities caught LottMarket offering their service without its legal permission, which is a serious issue. Therefore, of course, we would advise choosing among the brokers that are reliable and actually, offer much better trading conditions.

“The Cyprus Securities and Exchange Commission (CySEC) would like to inform the investors and the public at large that the domainLottMarkets.com included in the list of not owned or operated by Cyprus Investment Firms (CIFs) which have been authorized by CySEC to provide Investment Services.”

CySEC, Cyprus.

LottMarket Review Conclusion

We advise all investors and traders to avoid LottMarket and other brokers from Vanuatu. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BlackBull Markets.

LottMarket Update

We have found that the LottMarket website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.