LondonFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://londonfx.com/open-account, about the company's legal and temporary regulatory information, the company's address 30 St Mary Axe, London EC3A 8BF.
LondonFX Forex Broker
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: LondonFX's official website: https://londonfx.com is currently inaccessible normally.
LondonFXReview SummaryFounded in 2004, LondonFX is a forex broker registered in UK, offering leverage up to 1:200 and the leading Metatrader4 platform. However, LondonFX operates without regulatory oversight from any reputable financial body.
Pros and Cons
| Pros | Cons |
| Variety of account types | Inaccessible website |
| MT4 supported | Unregulated status |
| High minimum deposit | |
| Limited payment options | |
| Unclear withdrawal fee charged |
Is LondonFX Legit?
No, LondonFX is not regulated currently. Please be aware of the risk!
Account Type
LondonFX offers three account levels that traders can upgrade to. Account type including Gold, Platinum, and Diamond. LondonFX claims the minimum deposit is $250, which is a bit high.
Leverage
LondonFX offersleverage of 1:200 for traders, which is quite high. 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
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, web and mobile (iOS and Android) | Beginners |
| MT5 | ❌ | Desktop, web and mobile (iOS and Android) | Experienced traders |
Deposit and Withdrawal
LondonFX accepts payments via credit cards and bank transfers.
The processing time for withdrawal transactions is 2 business days.
Gold, Platinum, and Diamond Account holders get 1, 2, and 3 free withdrawals, respectively. This suggests that there are withdrawal fees, but the specific cost was not mentioned.
FX1359340586
Tunisia
I was cheated by these scammers. So please stay away as they are not regulated, and don't make the same mistake as me. Is anyone else affected to come forward so we can tackle them together or if any have any tips on who I can approach to attempt to get something back?
Neutral
2023-03-10