LatitudeFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-17 14:27

Abstract：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.

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.