Is it worth risking your money by trading with an offshore broker? Despite all the promises of superior conditions, a modern platform, and additional services, the company comes across more like a scam. In this Lotas Capital review, we will uncover what is wrong with this company and why it is unsafe.
Brief Overview
- 🖥Official Website: https://lotascapital.com
- ✈️Contact Address: P.B. 1257 Bonovo Road, Fomboni, Moheli, Comoros Union
- 📞Customer Support: info@lotascapital.com, backoffice@lotascapital.com, +44 7537 166150
- 🔐Licensing and Accreditation: MISA
- ⏳Track Record: 2020
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: 1:400
- 💰Additional Services: signals, education, investment advisors
Lotascapital.com Examination
The company’s official website can hardly be called unique or high quality. Everything is built from a template: large headlines, bright colors, 3D graphics, BUY/SELL buttons, and Japanese candlesticks. It looks as if the same visuals were used as in most other forex brokers’ websites.
Lotas Capital offers a standard layout. The top menu includes: “About the Company”, “Account Types”, “Platforms”, “Investments”, and “Education”. In the top-right corner are the registration and login buttons. The bottom of the page features legal information and a risk disclaimer.
Lotas Capital also outlines its trading conditions, and platform features, and shares a bit about itself — such as time in operation, goals, and plans, but there are no names of the founders. The mention of ECN accounts might suggest the broker operates under that model, but we have serious doubts about it.
In short, this is a typical brokerage website, much like many other similar platforms. Creating such a resource does not require much time or money. All it takes is a template, a few modifications, and adding your own content — and voila, the official site is ready.
Company Contacts
Lotas Capital provides several contact details. First, there is a phone number. Second, there are several email addresses: one for general inquiries, one for reporting abuse, and one for back office communication.
For some reason, there is no online chat, which is a very convenient way to resolve issues quickly. There are also no messaging apps or social media accounts. However, a legal address in the Comoros and an office in Bulgaria are listed.
Key Conditions
To understand the trading conditions, we need to look at the account types. Lotas Capital offers clients four account tiers:
- Standard. The broker promises leverage of 1:200; the MT5 platform, a minimum trade size of 0.01 lots, 24/7 access, and market analysis.
- Gold. Differences from Standard include a swap-free option, personal training, and 24/7 technical support.
- Platinum. Leverage of 1:400, trading signals, and portfolio risk analysis.
- ECN. A $6 commission per lot and raw spreads.
In addition, the account type affects spreads — the higher the account tier, the lower the spreads. By default, the EUR/USD spread is around 2 pips. However, the differences between the account types are minimal, offering no significant advantage. Commissions are not disclosed for any account except ECN, which is a suspicious detail.
Lotas Capital mentions ECN, but this is most likely a marketing ploy. For a firm to genuinely offer direct interbank market access for client positions, it must hold a proper license and explain its business model. Moreover, ECN accounts cannot offer excessive leverage, such as 1:200. There is also no stated minimum deposit required to activate such an account — even though in a true ECN model, the minimum trade size starts at $100,000.
Exposing Lotas Capital
Now we need to examine what is wrong with the licenses, and legal details, and whether this company is worthy of trust. The firm lists a legal address in the Comoros. To verify this, one must consult the MISA registry.
Indeed, Lotas Capital was officially registered with MISA in 2023. A search in the registry confirms this. However, one should not assume that this offers any real guarantee of reliability.
You should not trust a broker licensed by MISA (Comoros Islands), as it is an offshore jurisdiction with no actual oversight — MISA does not monitor company turnover, the security of client funds, or trade execution. This type of license does not require firms to hold client funds in segregated accounts, does not protect against account liquidation, and offers no access to international dispute resolution mechanisms. It is merely a decorative certificate that anyone can obtain for a few thousand dollars — and then vanish along with your deposit.
The company lacks licenses from serious regulators, which means there are no safety guarantees. Longevity is also a key factor. Although the company has existed for several years, as seen by the domain registration date, it still remains unpopular among traders. Lotas Capital’s domain was registered in 2019 but was only updated and launched in 2020.
What Reviews Do Users Leave?
As just mentioned, the company is not popular with traders. That’s because there are very few reviews of Lotas Capital online. In several years of operation, fewer than 100 reviews have appeared — hardly a sign of credibility.
Moreover, among this small number of comments, the majority are positive. Yet these positive reviews look highly suspicious: they lack specifics, offer no proof of successful fund withdrawals, and are all similarly formatted and sized. All of this strongly suggests that Lotas Capital is posting fake positive reviews about itself.
Conclusions
This is a rather high-risk brokerage company to entrust with your money. Lotas Capital cannot provide any guarantees that client deposits will be safe. Therefore, it is not worth putting your money at risk without good reason.
Pros/Cons
- The platform has been in existence for 4 years.
- There is an entry in the MISA registry.
- Fake positive reviews on the internet.
- There are no guarantees of reliability: there is no serious regulation.
- Lotas Capital is not popular among traders.
- Registration of a legal entity in a dubious jurisdiction.
Where is their European license? They don’t have one – only fake positive reviews, which is a serious red flag and a clear sign of fraud. Even though their website has been around for a while, I still strongly recommend not trading here. The risk of losing your money is enormous. This fraudulent platform can be shut down at any time. Why trade on lotascapital.com when you can do so with verified brokers who hold legitimate European licenses?
I still cannot get my money back from Lotas Capital. These scammers have long since stopped responding and are ignoring my withdrawal request. I don’t know what to do. Contacting MISA is pointless: that regulator couldn’t care less about traders’ problems. Maybe I should try reaching out to law enforcement in Bulgaria? The company lists an address in that country on its website. Could that help? Has anyone else had the same problem? Who else got caught up in this scam?