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No Regulation
Score
1.49 /10
Danger
LatitudeFX
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index6.83
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-11-16
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| LatitudeFXReview Summary | |
| Founded | 2017 |
| Registered Country/Region | New Zealand |
| Regulation | No regulation |
| Market Instruments | Forex pairs, commodities, indicies, precious metals, energy |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | 0.5 pips |
| Trading Platform | MT4 |
| Min Deposit | $50 |
| Customer Support | Email: info@latitudefx.com |
LatitudeFX Information
LatitudeFX is a New Zealand based brokerage founded in 2017. In LatitudeFX, traders can trade forex pairs, commodities, indicies, precious metals, energy, and 3 other accounts with the MT4 platform for traders to choose and use. The broker is currently unregulated and has been disclosed by the FCA as lacking in security.
Pros and Cons
| Pros | Cons |
| Support MT4 | No regulation |
| Minimum deposit $50 |
Is LatitudeFX Legit?
LatitudeFX is currently unregulated and operates outside the bounds of the law. In addition, Query information shows that its official website registration time is 2022.
But in 2020, the broker was publicly disclosed by the FCA: copying the details of an authorised company to commit fraud.
What Can I Trade on LatitudeFX?
Use LatitudeFX to trade a variety of different instruments, including: 25 Forex pairs, commodities, indicies, precious metals, energy and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indicies | ✔ |
| Precious Metals | ✔ |
| Energy | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
LatitudeFX offers three different account types : Starter Account, ProTrader Account, and Elite Account.
Of the three accounts, the minimum deposit requirement is $50, the maximum leverage is Up to 1:500, and spreads can be as low as 0.5pips.
| Account Types | Starter Account | ProTrader Account | Elite Account |
| Leverage | Up to 1:100 | Up to 1:200 | Up to 1:500 |
| Minimum Deposit | $50 | $500 | $5,000 |
| Spread on Major Currency Pairs | Fixed spread from 2 pips | Variable spreads starting from as low as 1 pips | As low as 0.5 pips |
LatitudeFX Fees
Starter Account offers fixed point spreads, with major currency pairs starting at 2pips. Free commission is not supported. The fixed point difference has poor flexibility and weak competitiveness.
ProTrader account offers variable spreads as low as 1pips.
Elite account has the smallest spread against major currency pairs, starting at 0.5pips.
Trading Platform
latitudefx offers trading platform MT4, which allows traders to use both desktop and mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile | Beginner |
| MT5 | ❌ |
Deposit and Withdrawal
Latitudefx offers deposits and withdrawals with credit cards, paypal, wire transfers.
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