LEMAKEN claims to be registered in the UK, but there is no confirmation of this. Meanwhile, the website shows the address of the office in London (UK). It is worth noting that the broker positions itself as a leader in online trading with about 3 thousand clients in 180 countries. However, the firm does not disclose the launch date of the project. As for the domain, it was registered in January 2021 and renewed in June 2023. Besides, the project does not have a license to provide financial services. In addition, the bilingual interface supports English and French. Finally, the site does not open legal documents on the terms and conditions of the organization’s interaction with clients.
Can this broker be trusted? How safe is it to trade here? We will conduct a thorough check of all available data about the company and will make a conclusion on the results of the analysis about the reliability and legality of its work.
LEMAKEN offers its clients the opportunity to trade on its own author’s terminal. Traders are served on a desktop computer or mobile device. You can use more than 200 tradable instruments on Forex, spot metals, cryptocurrency, futures, and stocks. The broker promises easy access to chart analysis and advanced indicators.
Once you sign up for an account, you will get instant execution of all trades. You will be able to open pending orders, manage risk, and set limits. There are 4 types of accounts available with different minimum deposit amounts:
- Beginner, from $200 – for beginning traders.
- Standard, from $500 – includes “Starter Plan” service.
- VIP, from $1,000 – does not offer any other options.
- PRO, from $5,000 – includes a set of services of the previous level.
All LEMAKEN clients receive FREE Daily Search, dedicated account management, premium spreads, and leverage. You will receive informational alerts via SMS (Whatsapp), a premium daily scan.
The broker warns Margin trading involves a high level of risk. The leverage service can both benefit you and work against you.
LEMAKEN offers clients to view real-time quotes and market updates on its platform. Educational services include 1/month online seminars and 1-on-1 training with a trading expert. The website has an Economic Calendar and an online contact form with the broker via email.