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Lilium Forex broker specializes in providing foreign exchange trading services, the company's official website https://lilium-marke..., the company's legitimate regulatory information United KingdomFCAPayment License to enhance the security of the company's address

Lilium Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

LILIUM MARKETS LTD

Abbreviation

Lilium

Company employee

Customer Service Email Address

support@lilium-markets.com

Contact Number

+44731697006

Company Website

https://lilium-markets.com/

Facebook

https://www.facebook.com/lilium.markets/

https://twitter.com/lilium_markets

Keywords

Scam Brokers

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

United Kingdom Payment License Revoked

Suspicious Overrun

High potential risk

Company profile

Note: For some unknown reason, we cannot open Liliums official site (https://lilium-markets.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue. Lilium Basic Information Company Name Lilium Founded 2019 Headquarters United Kingdom Regulations Not regulated; flagged as a scam broker Tradable Assets Stocks, ETFs, Forex, Indices, Commodities Account Types Standard, Premium, VIP Minimum Deposit 100 USD Maximum Leverage 1:500 Spreads From 0.1 pips Commission From 0.00 USD per lot Deposit Methods Credit/debit cards, Bank transfer, PayPal, Skrill, Neteller Trading Platforms WebTrader, MetaTrader 5 (MT5) Customer Support Phone: +44 731697006, Email: support@lilium-markets.com Education Resources Blog, Webinars, Trading courses, Ebooks, Glossary Bonus Offerings None General Information & Regulation Lilium, a trading name of LILIUM MARKETS LTD, is allegedly a financial company registered in the United Kingdom. This broker offers a diverse range of tradable assets, encompassing stocks, ETFs, forex, indices, and commodities. Traders can choose from three distinct account types, each tailored to different needs, with varying minimum deposits and leverages. Lilium provides access to two trading platforms, including WebTrader and MetaTrader 5, accommodating traders looking for simplicity or more advanced features. As for regulation, it has been verified that Lilium has an exceeded Financial Conduct Authority (FCA) license and an unauthorized National Futures Association (NFA) license. That is why its regulatory status on WikiFX is listed as “Illegal” and it receives a relatively low score of 1.43/10. Please be aware of the risk. Pros and Cons Lilium presents a mix of advantages and disadvantages. On the positive side, it offers a range of tradable assets and multiple account types to cater to varying trader preferences. The availability of trading platforms like WebTrader and MetaTrader 5 provides some flexibility. Moreover, Lilium offers educational resources, including a blog, webinars, trading courses, ebooks, and a glossary, which can be helpful for traders looking to improve their skills. However, it's crucial to highlight the substantial downsides: Lilium's lack of regulatory oversight, flagged status as a scam broker, and exceeding business scope regulated by UK FCA and US NFA are serious concerns. Additionally, Lilium does not provide any bonus offerings. These disadvantages should weigh heavily on anyone considering this broker. Pros Cons Offers various tradable assets Lack of regulatory oversight; flagged as a scam broker Provides different account types Exceeds the business scope regulated by UK FCA and US NFA Spreads start at 0.1 pips No bonus offerings Offers WebTrader and MetaTrader 5 platforms Provides access to educational resources Negative Reviews Some traders shared their terrible trading experience on the Lilium platform at WikiFX. They said they were unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams. Trading Instruments Lilium offers a variety of trading instruments, including: Stocks: Lilium offers access to over 10,000 stocks from around the world, including the UK, US, Europe, and Asia. ETFs: Lilium offers over 1,000 ETFs, which are baskets of securities that track a particular index or market sector. Forex: Lilium offers trading on over 100 currency pairs, including the major pairs (USD/EUR, USD/JPY, GBP/USD, etc.) and the minor pairs. Indices: Lilium offers trading on a variety of indices, including the FTSE 100, the S&P 500, and the DAX. Commodities: Lilium offers trading on a variety of commodities, including gold, silver, oil, and wheat. Here is a comparison table of trading instruments offered by different brokers: Broker Lilium RoboForex FxPro IC Markets Forex Yes Yes Yes Yes Commodities Yes Yes Yes Yes Crypto No Yes Yes Yes CFD No Yes Yes Yes Indexes Yes Yes Yes Yes Stock Yes Yes Yes Yes ETF Yes Yes No Yes Options No No Yes No Account Types Lilium offers three distinct account types to cater to a variety of trading preferences: Standard Account: The Standard account is the basic option, suitable for new traders or those with limited funds. It requires a minimum deposit of 100 USD and provides access to Lilium's free trading platform, the full range of trading instruments, 24/5 customer support, spreads starting at 0.1 pips, commissions starting at 0.00 USD per lot, and leverage up to 1:100. Premium Account:The Premium account is designed for traders seeking more features. It demands a minimum deposit of 500 USD and includes all Standard account features. Additionally, Premium account holders benefit from tighter spreads, starting at 0.05 pips, commissions starting at 0.05 USD per lot, increased leverage up to 1:200, daily market analysis, and access to a dedicated account manager. VIP Account: The VIP account is Lilium's most exclusive option, targeting experienced traders or those with significant capital. To open a VIP account, a minimum deposit of 1,000 USD is required. VIP account holders enjoy all the advantages of the Premium account, along with exceptionally tight spreads starting at 0.02 pips, commissions starting at 0.02 USD per lot, high leverage up to 1:500, weekly market strategy sessions, and access to a dedicated VIP account manager. Leverage Lilium offers varying leverage levels to traders, allowing them to control larger positions than their initial capital would typically permit. Leverage essentially acts as a loan from the broker, increasing the potential for both profits and losses. The Standard account provides a moderate leverage option of up to 1:100, suitable for those starting or looking for lower risk. Premium account holders enjoy increased leverage, with a maximum of 1:200, offering more trading power but also higher risk. The VIP account, designed for experienced traders, offers the highest leverage at 1:500. Leverage can be a powerful tool when used wisely, but it should always be approached with caution, and traders should fully comprehend its implications before utilizing it in their trading strategies. Here is a comparison table of maximum leverage offered by different brokers: Broker Lilium eToro XM RoboForex Maximum Leverage 1:500 1:400 1:888 1:2000 Spreads and Commissions In terms of trading costs, Lilium applies spreads and commissions that can impact a trader's profitability. Spreads refer to the difference between the buying (ask) and selling (bid) prices of an asset and serve as a source of revenue for the broker. Lilium offers competitive spreads across its account types, with the Standard account featuring spreads starting from 0.1 pips. The Premium account provides even tighter spreads, commencing at 0.05 pips, potentially reducing the cost of entering and exiting positions. VIP account holders enjoy the tightest spreads, starting from just 0.02 pips, offering the most favorable pricing structure. Commissions are an additional fee incurred by traders and are usually applied per lot traded. Lilium employs a commission-based model with commissions starting from 0.00 USD per lot for Standard account users. Premium account holders experience slightly higher commissions, commencing at 0.05 USD per lot. The VIP account, while providing exclusive benefits, comes with commissions starting from 0.02 USD per lot. It's important for traders to factor in both spreads and commissions when calculating the overall cost of their trades, as they can significantly impact profitability, especially for high-frequency or large-volume traders. Deposit & Withdraw Methods Lilium offers a range of convenient deposit and withdrawal methods to facilitate its clients' financial transactions. These methods include credit/debit cards, bank transfers, and e-wallets like PayPal, Skrill, and Neteller. One notable advantage is that deposits are processed immediately, allowing traders to swiftly access their trading capital and execute orders without delay. On the withdrawal side, Lilium aims to provide efficient service, with withdrawal requests typically processed within 1-2 business days. However, it's essential to note that processing times may vary depending on the chosen withdrawal method. Bank transfers, for instance, may take slightly longer, typically requiring 3-5 business days for completion. Crucially, Lilium does not impose any fees on deposits or withdrawals from their end. Nevertheless, traders should be aware that banks or payment processors may levy fees on these transactions. Therefore, it's advisable to check with your financial institution or payment provider for any potential charges associated with depositing or withdrawing funds from your Lilium trading account. Trading Platforms Lilium provides its clients with a choice between two distinct trading platforms: WebTrader: The WebTrader platform is a user-friendly, web-based trading interface accessible from any device with an internet connection. It caters to traders seeking simplicity and ease of use, making it an ideal option for those new to trading or those who prefer a straightforward approach to executing trades. 2. MetaTrader 5 (MT5): MetaTrader 5 is a robust and widely adopted desktop trading platform utilized by millions of traders worldwide. It boasts a comprehensive array of features and tools, including advanced technical and fundamental analysis capabilities, as well as real-time market news updates. MT5 is tailored for traders looking for a more sophisticated and feature-rich trading experience to enhance their decision-making processes. Customer Support Lilium‘s customer support can be reached by telephone: +44 731697006, email: support@lilium-markets.com. You can also follow this broker on social networks such as Twitter, Facebook and YouTube. However, this broker doesn’t disclose other more direct contact information like the company that most brokers offer. Educational Resources Lilium offers a variety of educational resources to help its clients learn how to trade successfully. These resources include: Blog: Lilium's blog features articles on a variety of trading topics, including trading strategies, technical analysis, and risk management. Webinars: Lilium hosts regular webinars on a variety of trading topics. These webinars are a good way to learn about trading from experienced professionals. Trading courses: Lilium offers a variety of trading courses, both free and paid. These courses cover a variety of trading topics, from beginner to advanced. Ebooks: Lilium offers a variety of free ebooks on trading topics. These ebooks are a good way to learn about trading at your own pace. Glossary: Lilium offers a glossary of trading terms. This glossary is a good resource for learning the meaning of trading terms and concepts. Conclusion In conclusion, Lilium, based in the United Kingdom, offers traders access to a diverse range of tradable assets and various account types, accommodating both novice and experienced traders. However, significant disadvantages mar its appeal. The broker's unregulated status, coupled with a history of expired licenses and flagged scam broker status, raises substantial concerns about its legitimacy and reliability. While Lilium provides educational resources and competitive trading conditions, including tight spreads and a choice of trading platforms, these potential advantages should be weighed against the inherent risks of dealing with an unregulated broker. As such, caution is paramount for anyone considering trading with Lilium, as the potential benefits must be carefully assessed in light of its substantial drawbacks. Risk Warning Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Lilium broker review

Is Lilium safe or scam

Rating Index

How to login to Lilium?

lilium Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a lilium Account Creating a lilium account is the first step toward accessing the platform's features. Follow these detailed steps to ensure a smooth registration

Lilium Forex Broker - Complete Information Guide

1. Broker Overview

Lilium, officially known as Lilium Markets Ltd, was founded in 2019 and is headquartered in the United Kingdom. This broker operates primarily in the retail forex market, catering to individual traders and investors seeking to engage in various financial instruments. Over the years, Lilium has aimed to establish itself as a versatile trading platform, offering a range of assets, including forex, stocks, ETFs, indices, and commodities.

Lilium's development has seen several key milestones, including the introduction of multiple account types tailored to different trading needs. The company has focused on providing a user-friendly trading experience, with access to both basic and advanced trading platforms. Despite its relatively recent inception, Lilium has made strides in expanding its service offerings and enhancing its trading conditions.

As a private entity, Lilium does not fall under the purview of any major publicly traded parent company. Instead, it operates independently, aiming to attract a diverse clientele that includes both novice and experienced traders. The business model of Lilium is primarily retail-focused, emphasizing user accessibility and a broad selection of trading products.

Lilium broker has positioned itself as a potential choice for traders looking for competitive trading conditions and a diverse range of instruments.

2. Regulatory and Compliance Information

Lilium operates in a regulatory landscape that raises concerns about its compliance status. As of the latest information, Lilium is not regulated and has been flagged as a scam broker by various platforms, including WikiFX. The company has reportedly exceeded the business scope regulated by the UK Financial Conduct Authority (FCA) and the U.S. National Futures Association (NFA).

Lilium does not hold valid licenses from these authorities, which significantly impacts its credibility and trustworthiness in the eyes of potential clients. The absence of regulatory oversight means that Lilium does not provide the typical investor protections associated with regulated brokers, such as client fund segregation or participation in investor compensation schemes.

Furthermore, Lilium has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are standard in the industry. However, the effectiveness of these measures is called into question due to the lack of regulatory backing.

In summary, the regulatory status of Lilium broker poses significant risks for traders considering engaging with this platform. It is crucial for potential clients to thoroughly assess these risks before proceeding.

3. Trading Products and Services

Lilium offers a diverse array of trading products designed to meet the needs of various traders. The broker provides access to over 100 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to engage in forex trading with significant flexibility.

In addition to forex, Lilium facilitates trading in Contracts for Difference (CFDs) across multiple asset classes, including:

Indices: Traders can access major indices such as the FTSE 100 and S&P 500.
Commodities: Lilium offers trading in commodities like gold, silver, oil, and agricultural products.
Stocks and ETFs: The platform provides access to a wide range of global stocks and over 1,000 ETFs, allowing for diversified investment strategies.

Lilium's product offerings are regularly updated, and the broker aims to introduce new financial instruments based on market demand and trends. The retail trading services are complemented by features designed for institutional clients, although specific offerings for institutional investors are not detailed.

Overall, Lilium broker strives to provide a comprehensive trading experience, catering to both retail and institutional clients with a variety of trading instruments.

4. Trading Platforms and Technology

Lilium supports the widely recognized MetaTrader 5 (MT5) trading platform, known for its advanced analytical tools and user-friendly interface. This platform is suitable for both novice and experienced traders, offering features such as automated trading capabilities and extensive charting options.

In addition to MT5, Lilium provides a web-based trading platform that allows users to trade directly from their browsers, further enhancing accessibility. The web trader is designed to cater to those who prefer a straightforward trading experience without the need for software installation.

For mobile trading, Lilium has developed applications compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

The execution model employed by Lilium remains unspecified, but it is crucial for traders to understand the implications of different execution types, such as ECN, STP, or market making, on their trading experience.

Lilium's technological infrastructure is designed to support efficient trading operations, although specific details regarding server locations and API access for automated trading are not provided.

Lilium broker thus offers a range of platforms and technological solutions aimed at enhancing the trading experience for its clients.

5. Account Types and Trading Conditions

Lilium offers three distinct account types to accommodate various trading preferences and capital levels:

Standard Account: This account requires a minimum deposit of $100 and provides access to a full range of trading instruments, with spreads starting at 0.1 pips and commissions beginning from $0.00 per lot. The leverage for this account can reach up to 1:100.
Premium Account: Designed for traders seeking more features, this account requires a minimum deposit of $500. Premium account holders enjoy tighter spreads starting at 0.05 pips, commissions from $0.05 per lot, and increased leverage up to 1:200.
VIP Account: Targeting experienced traders or those with significant capital, the VIP account requires a minimum deposit of $1,000. This account offers exceptionally tight spreads starting at 0.02 pips, commissions from $0.02 per lot, and high leverage up to 1:500.

Lilium also provides a demo account for traders to practice their strategies without financial risk. The leverage offered varies by account type and is crucial for traders to understand, as it can significantly impact both potential profits and losses.

Additionally, Lilium has policies regarding overnight fees, which are important for traders to consider when holding positions beyond the trading day.

Overall, Lilium broker presents a variety of account types and trading conditions tailored to meet the needs of different traders.

6. Fund Management

Lilium facilitates a range of deposit and withdrawal methods to support its clients' financial transactions. The available deposit methods include:

Credit/Debit Cards
Bank Transfers
E-wallets such as PayPal, Skrill, and Neteller

The minimum deposit requirement varies by account type, with the standard account starting at $100. Deposits are typically processed immediately, allowing traders to access their funds without delay.

Withdrawal methods mirror the deposit options, although specific limitations or fees associated with withdrawals are not disclosed. The processing time for withdrawals generally ranges from 1-2 business days, although bank transfers may take longer, requiring 3-5 business days for completion.

Importantly, Lilium does not impose fees on deposits or withdrawals, although clients should be aware that their banks or payment processors may charge fees for these transactions.

In summary, Lilium broker provides a range of funding options and efficient processing times, which are essential for facilitating smooth trading operations.

7. Customer Support and Educational Resources

Lilium offers various customer support channels to assist its clients, including:

Phone Support: Available at +44 731697006
Email Support: Reachable at support@lilium-markets.com
Social Media: Clients can follow Lilium on platforms such as Twitter, Facebook, and YouTube.

The support service is operational 24/5, providing assistance across multiple time zones. However, the range of languages supported by customer service representatives is not specified.

To enhance traders' knowledge and skills, Lilium provides several educational resources, including:

Webinars: Regularly hosted on various trading topics.
Blog: Featuring articles on trading strategies, risk management, and market analysis.
Trading Courses: Available in both free and paid formats, catering to different skill levels.
Ebooks: Offering insights into trading concepts and strategies.
Glossary: A resource for understanding trading terminology.

Additionally, Lilium provides market analysis services, including daily reports and research updates, to keep traders informed about market movements.

Overall, Lilium broker places emphasis on customer support and educational resources, which are crucial for fostering informed trading decisions.

8. Regional Coverage and Restrictions

Lilium primarily serves clients in the United Kingdom and other global markets, although specific details regarding regional offices are not provided. The broker aims to cater to a diverse clientele by offering a wide range of trading products and services.

However, Lilium does not accept clients from certain countries, which may include regions with stringent regulatory frameworks or restrictions on forex trading. The exact list of countries from which clients are not accepted is not specified in the available information.

In conclusion, while Lilium broker strives to offer comprehensive services to a global audience, potential clients should verify their eligibility based on regional restrictions before engaging with the platform.

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