In this LotsFX Review, we are going to take a look at the offer that this broker prepared for its traders. LotsFX operates on the financial market since 2008. When it comes to trading platforms, the broker features WebTrader. The LotsFX minimum deposit is 250 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this LotsFX Review
Website address: | lotsfx.com |
Operated by: | Euro Investement House Ltd |
Licensed and authorised by regulatory bodies: | FSCA |
Supported languages: | English, German and French |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | [email protected], +44 20 8089 5990 +442080895990 |
Available deposit methods: | Bank transfer, Debit and Credit Cards, PayPal |
Available withdrawal methods: | Bank transfer, Debit and Credit Cards, PayPal |
Minimum deposit: | 250 USD |
Min. trade in lots: | 0.01 |
Spreads: | Variable |
Tradable assets: Might be a CFD. | Forex, stocks, commodities, indices |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | WebTrader |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
Social trading: |
Random reviews of competing FX & CFD brokers: LibraMarkets, WealthWayInc, FPMarkets and World Forex
Frequently Asked Questions
🧐 Is LotsFX a Scam?
In accordance with our research, LotsFX is a broker licensed and regulated by the FSCA. While it is a good thing that the broker is regulated, the FSCA regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that LotsFX is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the LotsFX minimum deposit?
In order to start trading with LotsFX, you have to deposit at least 250 USD (Trading accounts can also be held in USD).
📵 What deposit and withdrawal methods LotsFX supports?
⚖️ Would you recommend me choosing LotsFX?
We don’t have our own personal experience with LotsFX. However, the broker is regulated by the FSCA which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with LotsFX.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.