LC Markt

After reviewing LC Markt, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.

Who is LC Markt?

On the surface, LC Markt looks like an ordinary forex and crypto broker. Its public site is presented at https://lc-markt.co/. But surface impressions are exactly what these operations rely on — the substance behind LC Markt is where the problems begin.

Is LC Markt regulated?

We could find no evidence that LC Markt holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• No verifiable licence from a recognised financial regulator
• Opaque or anonymous corporate ownership
• No credible physical address or verifiable corporate record
• Account dashboards that show “gains” with no real market exposure
• Unrealistic profit claims and pressure to deposit more

Our analysis

On October 1st, 2024, the Federal Financial Supervisory Authority (BaFin) warned consumers about the website Ic-markt.co, stating that it provides financial and investment services on this website without the required authorization. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2024/meldung_2024_09_23_LC_Markt_LTD_en.html

Can you recover money lost to LC Markt?

If you have deposited with LC Markt, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.