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Lotus International

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Operating status: SCAM

Website: https://www.lotusinternationalllc.com/

Broker violations and abnormal records
  • 2022-02-08 BrokersView has reviewed that Lotus International is an Unregulated Forex Broker

    Lotus International claims to be authorzed and supervised by the US National Futures Association (NFA) with registration number 0541105. We indeed found a matching result in NFA's registry, however, Lotus International is not overseen by the regulator as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) admitted as a "retail forex exchange dealer." Obviously, Lotus International doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.

    Lotus International claims to be authorzed and supervised by the US National Futures Association (NFA) with registration number 0541105. We indeed found a matching result in NFA's registry, however, Lotus International is not overseen by the regulator as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) admitted as a "retail forex exchange dealer." Obviously, Lotus International doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.
  • 2022-07-07 BrokersView has found that Lotus International is not working

    On 8 Jul 2022, BrokersView found the domain https://www.lotusinternationalllc.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 8 Jul 2022, BrokersView found the domain https://www.lotusinternationalllc.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Does Lotus International charge any transaction fees or commissions?

iman houseen
Finland
2022-02-21
ANSWER Lotus International is an unregulated broker and should be avoided at all events. Lotus International claims to be authorised and supervised by the US National Futures Association (NFA) with registration number 0541105. We indeed found a matching result in NFA's registry, however, Lotus International is not overseen by the regulator as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) admitted as a "retail forex exchange dealer." Obviously, Lotus International doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is thoroughly a scam. We would recommend you to stay away from Lotus International and any other unregulated brokerages, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them.
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