LTC Markets was an unlicensed Crypto Currency CFD broker that opened in August 2019, and has now disappeared.
For problems making a withdrawal, read this.
LTC Markets Broker Review
Our review of the LTC Markets brokerage firm finds, that these brokers are offering investors a unique and simple Crypto trading software. This trading platform has only Crypto Currency pairs available for trading, either against other coins of versus the US dollar. Their website is only available in English.
You will not find the popular trading platform MetaTrader5 (MT5) that most serious investors use. And you will also not find a mobile trading app at this broker. Minimum deposit for a new trading account starts at $250, and the minimum withdrawal amount is $100.
Bitcoin CFD trading is available with 5:1 leverage, and spreads of $90. You can find other brokers with better trading conditions, look here.
This broker offers bonuses, which is the cause for many complaints and confusion among new investors. It is important to know that in order to withdraw your money after receiving a bonus, you will need: “To withdraw your bonus, you will be asked to perform a trading volume of at least 30 times for each $1 bonus.”
Does LTC-Markets Need a License?
Yes, every online broker that deals in crypto or forex trading needs a license. LTC Markets is not a regulated broker! Wilkinson Europe LTD, used have two other websites called: VIP-Crypto and Cryptonix Team, which are both closed.
They are officially owned by; Wilkinson Europe LTD, with a listed address of 20-22 Wenlock Road, London, N1 7GU, United Kingdom. Contact phone number is in Switzerland: + 41449746050. Their email address is: [email protected], and the official website is: https://ltc-markets.com/.
Here at Scam Broker Investigator, we have reviewed hundreds of Crypto brokers to see if they are legitimate brokers of a scam. The way to properly determine if you broker is legit, is to check and see if they are regulated by the FCA in the United Kingdom.
You should read reviews of the most popular licensed Crypto and Forex brokers listed here.
Compare Crypto Brokers
The best forex broker is a very general statement, because each investor has their own needs and requirements from their broker. However, a smart investor will always have their main broker, and another broker as a backup.
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If you are currently invested with LTC Markets, please share your experience in the comments section below.