LAPIS

LAPIS is an offshore forex brokerage incorporated in Seychelles in 2019. It targets retail traders with a standard offering of currency pairs, CFDs, and other trading instruments through the MetaTrader 4 platform.

As a Seychelles-registered entity, LAPIS operates outside the major financial regulatory jurisdictions. The broker does not hold a license from any prominent regulator such as the FCA, ASIC, or CySEC, which means traders do not benefit from the investor protections associated with those authorities.

The broker advertises leverage of up to 1:500, a maximum commonly seen in offshore jurisdictions to attract traders seeking high exposure. Spreads are quoted from 1.5 pips, which is relatively high compared to industry averages, and may widen during volatile market conditions.

LAPIS requires a minimum deposit of $50 to open a live account. This low entry barrier makes it accessible to beginner traders, though the lack of regulatory oversight means that fund safety and operational transparency are significant concerns.

LAPIS provides the widely used MetaTrader 4 platform, available for desktop, web, and mobile devices. The platform offers basic charting tools, technical indicators, and automated trading via Expert Advisors (EAs).

The broker claims to offer a range of trading products, including forex pairs, commodities, indices, and cryptocurrencies. However, due to limited public information and unverifiable sources, the exact number and variety of instruments cannot be confirmed.

LAPIS is registered in Seychelles but holds no license from any recognized financial regulator. It does not appear on the registers of the FCA, CySEC, ASIC, or any other tier-1 authority.

The absence of regulation means there is no mandatory client money segregation, no access to compensation schemes, and no independent dispute resolution mechanism. Traders assume full counterparty risk when dealing with this broker.