About Lemmaz
Company Overview
Lemmaz is a retail forex and CFD broker that was established on February 15, 2022, and is registered in Cyprus. The broker operates through the domain lemmaz.com and lists its registered address as Marquardtring 3a, 71039 Schwabach, Germany. Despite its Cyprus registration, the physical address in Germany raises questions about the entity's actual operational base.
Regulation and Safety
According to our records, Lemmaz does not hold any regulatory licences from recognised financial authorities. The absence of regulation is a significant risk factor, as it means the broker is not subject to oversight by bodies such as CySEC, FCA, or other major regulators. Traders should exercise extreme caution when dealing with unregulated brokers.
Account Types
Lemmaz offers three account tiers designed to cater to different levels of traders. The Start Trade account requires a minimum deposit of $150 and offers a maximum leverage of 1:100, making it the most accessible option. The Trade Invest account has a minimum deposit of $1,000 and provides leverage up to 1:500. The Trade PRO account targets high-net-worth individuals with a minimum deposit of $10,000 and also offers leverage up to 1:500.
Trading Conditions
The broker advertises high leverage, up to 1:500, which is a common feature among offshore or unregulated brokers. However, specific details on spreads, commissions, trading platforms, and available instruments are not disclosed in the known facts. The lack of transparency regarding trading conditions is a notable concern.
Company Background
Lemmaz was founded in 2022, making it a relatively new entrant in the forex brokerage industry. The company's registration in Cyprus, combined with a German address, suggests a cross-jurisdictional structure that may complicate regulatory oversight. With no public track record or independent reviews, traders have limited information on which to base a decision.
Client Fund Security
There is no information available about how client funds are handled by Lemmaz. Unregulated brokers often lack the mandatory segregation of client funds and investor compensation schemes that regulated brokers must provide. This absence of safeguards poses a high risk to deposited capital.
Target Audience
The account tier structure suggests that Lemmaz is targeting retail traders with varying capital levels, from beginners to experienced traders. However, the high leverage and lack of regulation make it more suitable for risk-tolerant traders who fully understand the dangers of unregulated forex trading.
Overview compiled by FXCanary from regulatory records and public data. full Lemmaz review