LONMARKETS Review

About LONMARKETS

LONMARKETS is not regulated by any recognized financial authority. Despite claims of being operated by LONMARKETS LTD and affiliated with the Saint Lucia Financial Services Regulatory Authority (FSRA), no such entity is found in FSRA's registry, and the authority does not oversee forex trading companies (). The broker is included in the Spanish regulator CNMV’s warning list on July 10, 2023, for offering investment services without authorization; CNMV officially lists LONMARKETS LTD and its website lonmarkets.com as unapproved ().

LONMARKETS promotes trading via MetaTrader 5 across Forex, indices, commodities, stocks, and cryptocurrencies; reported account types include Raw, Standard, VIP, Fixed, and Crypto, with a minimum deposit up to USD 1,000 and maximum leverage up to 1:1000 (). However, credibility concerns are compounded by reports of no segregated client accounts, lack of guaranteed fund safety, anonymous business operations, and absence of transparent physical offices—on-site investigations in Turkey found no such company at the listed address ().

Pros and cons

Pros

• Offers MetaTrader 5 platform including desktop, mobile, and web versions ().
• Provides multiple account types (Raw, Standard, VIP, Crypto) and instruments (Forex, indices, commodities, stocks, cryptocurrencies) ().

Cons

• Unregulated—no valid license from FSRA or any recognized authority; not found in official registries ().
• Officially warned by CNMV for unauthorized investment services on July 10, 2023 ().
• No evidence of segregated client funds, compensation schemes, or transparent ownership ().
• Physical presence appears to be fictitious—on-site check found no office at the claimed address ().