Note: The Official Website Of LotsFX: Https://www.lotsfx.com Is Currently Not Accessible Normally.
LotsFX Info
Founded In 2018, LotsFX Is A UK-registered Unregulated Broker That Offers Forex And CFD Trading Through The MT4 Trading Platform With A Maximum Leverage Of 1:500. Demo Account Accounts Are Not Available. The Minimum Deposit Requirement To Open A Live Account Is 100 Dollars.
Advantages And Disadvantages
Advantages
- Multiple Account Types
- Flexible Leverage
- MT4 Platform
Disadvantages
- Unregulated
- Unaccessible Websites
- No Demo Account
- No Information On Trading Fees
Is LotsFX Legal?
There Are Currently No Effective Regulations For LotsFX. Please Be Aware Of The Risks!
What Can LotsFX Trade?
Offers Forex And Contracts For Difference
Account Types
Offers 5 Account Types, Namely Bronze, Silver, Gold, Platinum And VIP.
Bronze Accounts Require A Minimum Deposit Of 100 Dollars, Silver Accounts Require A Minimum Deposit Of 500 Dollars, Gold Accounts Require A Minimum Deposit Of 2 Dollars 000, Platinum Accounts Require A Minimum Deposit Of 5 Dollars 000, And VIP Accounts Require A Minimum Deposit Of 10 Dollars 000.
Leverage
Bronze Accounts Offer A Maximum Leverage Of 1:100, Silver Accounts Offer A Maximum Leverage Of 1:200, Gold Accounts Offer A Maximum Leverage Of 1:300, Platinum Accounts Offer A Maximum Leverage Of 1:400, And VIP Accounts Offer A Maximum Leverage Of 1:500.
Keep In Mind That The Greater The Leverage, The Greater The Risk Of Losing Funds Already Deposited. The Use Of Leverage Can Either Work In Your Favor Or Against You.
Trading Platform
LotsFX Provides Traders With A Self-developed Web-based Trading Platform, As Well As The MT4 Platform Provided By Third Parties.
Deposits And Withdrawals
This Broker Accepts Payments Via VISA, MasterCard, Bank Telegraphic Transfer, Neteller, PayPal And Skrill.
There Are No Specified Minimum Withdrawal Amounts, And No Fees Or Charges Are Specified.