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LotsFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-14 11:29

Abstract:Founded in 2018, LotsFX is an unregulated broker registered in the UK, offering trading on forex and CFDs with leverage up to 1:500 via the MT4 trading platform. Demo accounts are not available and the minimum deposit requirement to open a live account is $100.

  Note: LotsFX's official website: https://www.lotsfx.com is currently inaccessible normally.

LotsFXReview Summary
Founded2018
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsForex, CFDs
Demo Account❌
LeverageUp to 1:500
Spread/
Trading PlatformMT4
Min Deposit$100
Customer SupportTel: +44 20 8106 2446
Email: support@lotsfx.com, compliance@lotsfx.com

LotsFX Information

  Founded in 2018, LotsFX is an unregulated broker registered in the UK, offering trading on forex and CFDs with leverage up to 1:500 via the MT4 trading platform. Demo accounts are not available and the minimum deposit requirement to open a live account is $100.

Pros and Cons

Pros Cons
Multiple account typesNo regulation
Flexible leverage ratiosInaccessible website
MT4 platformNo demo accounts
No info on trading fees

Is LotsFX Legit?

  No. LotsFX has no valid regulations currently. Please be aware of the risk!

Is LotsFX Legit?

What Can I Trade on LotsFX?

Tradable Instruments Supported
Forex ✔
CFDs✔
Bonds❌
Options❌
ETFs❌

Account Type

Account TypeMin Deposit
Bronze$100
Silver$500
Gold$2 000
Platinum$5 000
VIP$10 000

Leverage

Account TypeMax Leverage
Bronze 1:100
Silver1:200
Gold1:300
Platinum1:400
VIP1:500

  It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

  LotsFX offers traders a web-based trading platform developed by itself, as well as an MT4 platform provided by a third party.

Trading PlatformSupported Available Devices Suitable for
Web✔Web/
MT4✔/Beginners
MT5❌/Experienced traders

Deposit and Withdrawal

  The broker accepts payments done via VISA, MasterCard, bank wire, Neteller, PayPal and Skrill.

  No minimum withdrawal amount defined and no fees or charges specified.

  

Related broker

No Regulation
LotsFX
Company name:Euro Investement House Ltd
Score
1.54
Website:https://www.lotsfx.com
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.54

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