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Lotas Capital is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).
Lotas Capital accepts clients from all over the world, excluding Cambodia, Nepal, Bangladesh and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 20+ Crypto Pairs | Based on various top-rated coins and tokens. |
| 10 Indice CFDs | Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index. |
| 4 Metal CFDs | Based on Gold, Silver, Platinum and Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 7 Soft CFDs | Based on Coffee, Corn, Cotton, Cocoa, Wheat, Soybean, Sugar. |
| 3 Bond CFDs | Based on US and German government securities. |
| 50+ Stock CFDs | Based on shares of well-known US companies. |
Lotas Capital is a forex and CFD broker registered in the offshore jurisdiction known as Mwali, but with its physical office location in Sofia, Bulgaria. The broker accepts clients from all over the world, including from countries that are often restricted, such as the United States, Canada, and Japan.
First registered back in 2017, Lotas Capital today shares many similarities with other offshore forex brokers, including offering high leverage and a wide range of trading instruments.
Another thing to note is that although Lotas Capital is technically regulated in Mwali, the type of regulation that exists in offshore jurisdictions like this is very different from for instance Europe or Australia. As a result, it's important to be aware that there will not necessarily be any government agency there to assist in case the broker goes out of business or anything else unexpected happens.
With Lotas Capital, traders can trade across a full range of asset classes, including forex, crypto, commodities, stock indices, and over 50 single stocks listed in the US. All of the assets are traded as CFDs, which are a type derivative that tracks the price of the underlying asset with high leverage. Trading with CFDs also means that it is as easy to go short as it is to go long, and that margin requirements are typically much lower than they are with for instance traditional futures brokers.
The platforms Lotas Capital supports include the well-known MetaTrader 5 (MT5) and cTrader. These are both well established platforms in the forex trading community, and both of them are available in downloadable versions, web versions, and as mobile apps.
In terms of trading accounts, Lotas Capital offers the following options:
Standard Account, with no commissions, the widest spreads, and leverage up to 1:200
Gold Account, with no commissions, smaller spreads, and leverage up to 1:200
Platinum Account, with no commissions, the smallest spreads, and leverage up to 1:400
ECN Account, with raw (no mark-up) spreads, commissions of $6 per lot, and leverage up to 1:200
Swap-free account for Muslim traders
All trading accounts can be funded with popular e-money services like WebMoney, Perfect Money, and AdvCash. As an offshore broker, it is no surprise that Lotas Capital also accepts crypto deposits and withdrawals in the form of Bitcoin (BTC) and the stablecoin Tether (USDT).
For any customer service needs, Lotas Capital's support team can be reached via phone or email. Sadly, the broker has not provided any information about its support team's working hours, which makes us doubt that live 24 hour support is available from this broker.
All in all, we believe Lotas Capital has potential to attract some traders, particularly among those who want the option to trade a wide range of asset classes while making deposits and withdrawals with crypto. It's also nice to see that a very new broker like this still supports the MT5 platform, which is already a trusted and familiar platform for a large number of forex traders in the world.
