Fraud hunt: Is or Isn’t LST-IC legit? Yes!21 / 11 / 22 Visitors: 46
Forex market is full of scammers and fraudsters of all kinds, and that is hardly a surprise for anybody who is at least familiar with this sphere. Sometimes it takes time and effort to distinguish whether this or that broker is legit. But there still are markers and tools to separate the sheep from the goats. Let’s try to test our set of these tools on Forex broker LST-IC.
Our LST-IC scam review starts with the basics. It is worth spending several minutes on exploring the company official website. It pays, really. If you still do not have a clue what the company is, where it is registered and what it is doing after you have done so, that is a bad sign. Good thing to know we haven’t found anything which would characterize LST-IC as a scammer on the very first stage – otherwise our review could finish just after it has started. Terms and conditions are explained pretty clear as well as the services proposed by the company. LST-IC is registered in UK, which can be checked using the incorporation number shown on the website.
Now we can go to the second stage of our fraudsters hunt and try to find the devil in the details. Let’s check the accounts of LST-IC in terms of scam attempts. The Basic account, designed for starters, is the most interesting in this regard. The minimal deposit is EUR250 – this is a bit unusual (there are threshold of EUR50-100 to be found in the market), but not too much. If it was significantly higher, then we could suppose that LST-IC is a scammer, as this is one of their typical methods (like gathering money from the clients on the initial stage and disappearing with them). Besides that, Basic account goes with good set of additional options and that can explain why the sum is a bit bigger than usual.
Then there is another way to check is (or isn’t) LST-IC are fraudsters: their set of payment methods will help us doing this. The rule of thumb is as following – the more payment methods are available, the less chances that the company supporting them is a scammer. Simple but reliable. Very few people actually like banks (sorry bankers) but there is one thing about them we know for sure: they do check their clients and counterparts before start working with them. Even the status of SWIFT affiliated partner alone speaks for itself, confirming that Forex broker LST-IC is reliable enough.
As we can see from the screenshot, the variety of payment methods, confirming that LST-IC is not a scammer, is quite impressive. There is also a possibility to deposit and withdraw funds in crypto though, added for confidentiality and speed of money transfer fans, but it is not a bad sign when it is used along with more traditional methods. If deposits and withdrawals were in crypto exclusively, that would be a bit disturbing and would gave us reasons to suppose that LST-IC can be fraudsters.
And there is one more method to make sure that LST-IC is legit, maybe not so obvious and even controversial, but still working if you use it in the right way. Now we shall look for LST-IC in scam reviews on the web. But this can work only if there are some facts and figures which can be checked or confirmed. The point is that various Forex brokers scam lists on the web are often composed by other brokers trying to spoil their competitors reputation, which is a well-known fact. To avoid this effect, pay attention to the reviews written by customers and follow the details. Statement like “LST-IC is a fraudster” is definitely not enough, and the same rule applies to the good things about the company.
These are the things and approaches we wanted to share in our brief scam review on LST-IC example. There are other investigation methods as well, each broker is using the algorithm of their own, of course. But the main rule is probably always the same: take your time and avoid the impulsive decisions. If you are about to start trading with any broker, not necessarily LST-IC, make sure it is a good reliable broker first. On the other hand, we have already saved some of your time observing LST-IC and came to the conclusion that it looks legit. If you find our arguments and approach reasonable enough, please feel free to do your own research using them as basis.