LotsFX -Overview of Minimum Deposit, Spreads & Leverage
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 |
| 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.
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 Platform | Supported | 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.
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