LotsFX Forex Broker

Note: LotsFX's official website: https://www.lotsfx.com is currently inaccessible normally.LotsFXReview SummaryFounded2018Registered Country/RegionUnited KingdomRegulationNo regulationMarket InstrumentsForex, CFDsDemo Account❌LeverageUp to 1:500Spread/Trading PlatformMT4Min Deposit$100Customer SupportTel: +44 20 8106 2446Email: support@lotsfx.com, compliance@lotsfx.comLotsFX Information Founded in 2018, LotsFX is an unregulated broker registered in the UK, offering trading on forex and CFDs with leverage up to 1:500 via the MT4 trading platform. Demo accounts are not available and the minimum deposit requirement to open a live account is $100.Pros and ConsPros Cons Multiple account typesNo regulationFlexible leverage ratiosInaccessible websiteMT4 platformNo demo accountsNo info on trading feesIs LotsFX Legit? No. LotsFX has no valid regulations currently. Please be aware of the risk!What Can I Trade on LotsFX?Tradable Instruments Supported Forex ✔CFDs✔Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositBronze$100Silver$500Gold$2 000Platinum$5 000VIP$10 000LeverageAccount TypeMax LeverageBronze 1:100Silver1:200Gold1:300Platinum1:400VIP1:500 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 LotsFX offers traders a web-based trading platform developed by itself, as well as an MT4 platform provided by a third party.Trading PlatformSupported Available Devices Suitable for Web✔Web/MT4✔/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal The broker accepts payments done via VISA, MasterCard, bank wire, Neteller, PayPal and Skrill. No minimum withdrawal amount defined and no fees or charges specified.