Trade Iron Ore
With Confidence.
Connect with pre-screened buyers and sellers of physical commodities. Reduce counterparty risk through KYB compliance verification, live sanctions screening and AI-validated trade documents.
Four steps from intro to settled cargo.
Lodfy replaces the WhatsApp chains, lost PDFs and "send me the LOI" chaos with one shared workspace per deal.
Verify
KYB on the company, sanctions screening on principals. About two days, once.
Connect
Invite refineries, agents, logistics and end-buyers to your chain — free seats for invited counterparties.
Exchange
SPAs, LOIs, BLs, CoAs, SGS reports. Versioned, translated and signed in-app.
Settle
Track lifting windows, demurrage and payments against the deal in one timeline.
Explore the world.Discover what every country trades.
Curated commodity data for 165+ producing nations. Sanctioned jurisdictions are highlighted in red.
Commodity trading is broken.
We fix the trust layer.
Every year billions are lost to fraud, fake documents and unverifiable counterparties. Lodfy eliminates these risks before the deal is made.
Chain of shell companies
Suppliers hide behind 3–7 layers of intermediaries. Each layer adds fraud risk.
Unverifiable proof of funds
Fake bank statements and fabricated MT-103s are rampant. Buyers lose deposits.
Fake documents
Bills of Lading, SGS reports, Certificates of Origin — all can be forged.
Shipping & vessel risk
Vessels can be blacklisted, sanctioned, or carrying undisclosed cargo.
Sanctions exposure
A counterparty can appear clean but have indirect ties to sanctioned entities.
Standards incompatibility
GOST vs ASTM vs ISO vs GB vs EN — mismatches cause rejected cargo.
Every tool you need to
trade with confidence.
Company Verification (KYB)
Registration, directors, UBOs, beneficial-ownership mapping, bank references.
- Company registration validation
- Director ID verification
- Beneficial ownership mapping
- Bank and trade references
Individual KYC
Identity verification for traders, directors, and signatories.
- Passport and government ID
- Liveness verification
- Address confirmation
- PEP and adverse media screening
Sanctions screening
Multi-database screening with ownership-chain analysis.
- US OFAC
- UK HMT
- EU Consolidated List
- UN Security Council
Risk intelligence
Automated risk scoring across jurisdictions, sanctions and counterparties.
- Jurisdiction risk index
- Sanctions proximity score
- Transparency rating
- Trade credibility score
Document validation
AI verification of trade documents from BoL to SGS reports.
- Bill of Lading authenticity
- SGS report validation
- Certificate of Origin
- Contract consistency scan
Verified profiles
Public-facing identity layer of commodity trading.
- Verified company profile
- Trade history badge
- Document attestation
- Risk level display
See the full path of every deal.
Refinery → logistics → agents → end buyer. Each leg owns its documents and status, so nobody has to guess where the BL is stuck. Free seats for invited counterparties — they collaborate without paying.
- End-to-end visibility from origin to settlement
- Per-leg document statuses (issued, verified, expired)
- Side-by-side translations preserved with originals
- Audit trail for every change and signature
Fraud caught before the money moved.
How verified traders use Lodfy to separate genuine counterparties from the ones that only look genuine.
Caught a fraudulent supplier before funds moved — and verified the real ones
Sourcing bulk fertilizer and sulphur from new counterparties, CommoFlow was receiving offers that looked professional but came with pressure to move fast: unverifiable corporate documents, a bank account in a different name to the seller, and a refusal to allow independent inspection before payment.
- Corporate documents failed authenticity checks — the certificate of incorporation did not reconcile with the registry record for the named entity.
- UBO mapping showed the counterparty was controlled through layered offshore entities that did not match the company presenting the offer.
- The nominated payment account was held in a third party's name — a classic redirection pattern — and the supplied SGS assay could not be matched to any issued certificate.
- Genuine suppliers cleared KYB with registry-confirmed incorporation, directors and beneficial ownership.
- Every party screened against UN, EU, UK (OFSI) and US (OFAC) sanctions lists, with ongoing re-screening as lists change.
- Trade documents — assays, certificates of origin, bills of lading — validated before funds were committed, with contracts issued on Lodfy's NCNDA and SPA templates.
Lodfy flagged a supplier we were days away from paying. The documents looked perfect, but the verification checks showed the ownership and the bank account did not belong to the company we were dealing with. On the same platform we confirmed the suppliers who were genuine, and we now onboard every new counterparty through Lodfy before any funds or documents change hands.
Free trading tools, no signup needed.
Calculate landed cost, convert between commodity standards, and download industry-standard contract templates. All free.
From the Lodfy desk.
Compliance playbooks, fraud post-mortems and trade-finance breakdowns from the people building the verified trading layer.
Questions, answered.
Who is Lodfy for?
Trading desks, refineries, logistics providers and end-buyers working on physical commodity deals — energy, metals, ags and softs. Lodfy is for principals and intermediaries on real cargoes; we're not for paper traders or retail.
What does verification involve?
Standard KYB on the entity (incorporation, beneficial owners, directors), sanctions screening on principals (OFAC, EU, UK, UN) and document authenticity checks on the artefacts you upload. Most desks complete in 24–48 hours.
Is Lodfy a broker?
No. We don't take a cut of the trade. Lodfy charges a flat platform subscription and stays out of the deal economics — we don't see prices unless you choose to share them.
Can I add my team to my Lodfy account?
Multi-seat team accounts (additional users on your company workspace) are an Enterprise-tier feature. Starter and Professional plans are single-seat. Note this is separate from inviting external chain counterparties — see below.
Are invited chain counterparties charged?
No. Refineries, agents, logistics providers and end-buyers you invite to a specific chain join free. They get a limited workspace scoped to that deal and pay nothing.
How are chains kept confidential?
Each chain is its own private workspace. You control which counterparties see which documents. We never train models on customer data, and a full audit trail is maintained on every change.
What languages does Lodfy support?
The interface ships in English, Chinese (中文), Arabic (العربية) and Russian (Русский). Inline document translation is available across these and additional languages — the original document is always preserved.
Does Lodfy connect to my existing trade-finance bank?
We're not a bank or LC issuer. Lodfy sits next to your trade-finance workflow, so you can attach LC drafts, MT-103s and bank statements to a deal. Direct integrations are on the Enterprise roadmap.
Ready to trade with verified counterparties?
Get your KYB verified in 48 hours and start trading with the world's pre-screened commodity buyers and sellers.