LAKEFOX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.lakefoxvip.com/regist-real, about the company's legal and temporary regulatory information, the company's address Room 1508, 15/F, Office Tower Two, Grand Plaza, 625 Nathan Road, Kowloon, Hong Kong.
LAKEFOX Forex Broker
Basic information
United Kingdom
2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
LAKEFOX Information
LAKEFOX was established in 2021 and is registered in Hong Kong. It offers traders the opportunity to trade Forex, Metals, Indices, Oil and supports the use of the MT5 platform. It says it does not charge transaction fees, but discloses little information and is not currently regulated.
Pros and Cons
| Pros | Cons |
| Zero transaction fee | No regulation |
| Support MT5 | No account information was provided |
| There is no specific information on fees | |
| There is no deposit information |
Is LAKEFOX Legit?
LAKEFOX's website was registered in 2021. However, it is currently unregulated.
What Can I Trade on LAKEFOX?
The products that LAKEFOX allows traders to trade include 40+ currency pairs or more; Metals include gold and silver trading; Traders can also invest in the world's major stock indices: DowJones, FTSE 100, Nikkei Index, Hang Seng Index, etc; In addition, there are crude oil, such as BRENT-IPE, WTI-NYMEX.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Oil | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
LAKEFOX Fees
LAKEFOX said there are no transaction fees for trading precious metals and small spreads for trading forex. But it did not elaborate.
Trading Platform
The trading platform LAKEFOX supports for traders is MT5, which is available on both desktop and mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile | Skilled traders |
| MT4 | ❌ | ||
| MT5 | ❌ |
Rating Index
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Latest Reviews
Pierre Lug
France
LAKEFOX fees are fairly average compared to other brokers I've used. Will have to see how their execution speeds are like for trades.
Neutral
2024-06-28
FX1705321758
India
I started using LAKEFOX’s MT5 a while back, mainly attracted by the no third-party bridge feature. Platform is stable, and I haven't experienced any glitches during trading. Spreads on major pairs are low. So far, so good—I'm quite pleased.
Positive
2024-06-27
Arjun G
Italy
Honestly,the trading app is not that useful, only packed with some basic tools. However, the best part is their commission-free trades.
Neutral
2024-07-11