LotsFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

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
Founded	2018
Registered Country/Region	United Kingdom
Regulation	No regulation
Market Instruments	Forex, CFDs
Demo Account	❌
Leverage	Up to 1:500
Spread	/
Trading Platform	MT4
Min Deposit	$100
Customer Support	Tel: +44 20 8106 2446
Customer Support	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 types	No regulation
Flexible leverage ratios	Inaccessible website
MT4 platform	No demo accounts
	No info on trading fees

Is LotsFX Legit?

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

What Can I Trade on LotsFX?

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

Account Type

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

Leverage

Account Type	Max Leverage
Bronze	1:100
Silver	1:200
Gold	1:300
Platinum	1:400
VIP	1:500

　　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.