LC Markets (lcmmarkets.com) Scam Warning: Unlicensed Forex Broker

Savun Law & Consultancy · Updated 13 November 2026

LC Markets is a platform named in Turkish-language warning channels in May 2026 that gets people to open forex accounts with promises such as "investment expert support" and "free daily analysis". The site is live today at lcmmarkets.com under the title "LCM Markets"; the old address lcmarkets.net also redirects visitors to this new domain.

In short: LC Markets is not authorised in Türkiye by the Capital Markets Board (SPK). Account management through a representative and enlarging the investment by account type are how this operation works. Claiming back the money is legally possible.

What this article covers

The changing domain names
Promises that stand out on the site
Different operations with similar names
Other platforms using the same scheme
The legal process
Frequently asked questions

🔍 The Changing Domain Names

lcmarkets.net — registered on 30 June 2022, now redirects to lcmmarkets.com.
lcmmarkets.com — registered on 12 June 2026, opened shortly after the warnings in Türkiye.
Address shown: Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines
Phone: +44 7537 105483

🚩 Promises That Stand Out on the Site

Many account types such as Platinum, Gold, ECN, VIP and PAMM/MAM, "investment expert support" and a claimed membership of an international dispute commission are the shop front of the site. In operations of this kind, upgrading the account type is used as the reason for the representative to ask the investor for a larger amount.

⚖️ Different Operations with Similar Names

The LCM-FX forex operationTR we examined earlier used the domain lcm-fx.com, and no common trace was found. The foreign broker at lc-markets.com is also a separate company; it has no legal entity in Türkiye, and a foreign licence is not valid for investment services in Türkiye.

🔗 Other Platforms Using the Same Scheme

🧭 The Legal Process

SPK Board Decision No. 8/297 of 24 February 2017 defines unauthorised intermediation in leveraged trading as an unlawful activity.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions

Are LC Markets and LCM Markets the same site?

Yes. The address lcmarkets.net redirects to lcmmarkets.com, and the new site also uses the heading "Why LC Markets?".

Are LC Markets and LCM-FX the same company?

No common domain name or contact detail was found; they were assessed as separate operations with similar names.

Who does the number +44 7537 105483 belong to?

This number appears on the LC Markets site as a contact line.

Is LC Markets licensed by the SPK?

No, it is not authorised by the SPK; the Saint Vincent address does not provide permission to operate in Türkiye either.

I deposited money with LC Markets. What should I do?

For detailed information and legal support, you can contact Savun Law & Consultancy.

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This page is an English adaptation of our Turkish article LC Markets (lcmmarkets.com) Forex Dolandırıcılığı.

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