LXFX Forex Broker

LXFX Review SummaryFounded2015Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex,Stock CFDs,Index CFDs,Commodities,Gold & Silver,CryptocurrenciesDemo AccountAvailableLeverageUp to 1:200SpreadCommission:from $0 to $10 per lot;Spreads:from 0 pip to 4 pipsTrading PlatformLXFX cTrader(Desktop,Mobile,Web)Min Deposit1000 USDCustomer SupportPhone: 400-120-3077Email: support@lxfx.comLXFX Information Founded in 2015 and headquartered in the United Kingdom, LXFX is a non-regulated financial services provider offering products including forex, equities, index CFDS, commodities and cryptocurrencies. They have standard, ECN professional and analog (risk-free) trading accounts and their cTrader platform is compatible with desktop, mobile and Web.Pros and ConsProsConsClear Cost Structure provided on WebsiteUnregulated StatusThree versions of thecTrader trading platform for different devicesPotential Currency Conversion FeesVarious Payment Options including Bank Transfer, VISA and MastercardComplexity in Commission and Spread StructureSupports EAs and other intelligent toolsIs LXFX Legit? LXFX claims to have provided three legal disclosures, including a money laundering policy, a customer agreement, and a privacy policy. However, according to the report, it is currently in a state of no effective supervision, which means that its activities are not supervised by the government or financial institutions.What Can I Trade on LXFX? LXFX offers traders the opportunity totrade Forex (Foreign Exchange), Stock CFDs (Contract for Difference), Global Stock Indices, Commodities, Cryptocurrencies, and Gold & Silver.Tradable InstrumentsSupportedForex✔Commodities✔Stocks✔Currencies❌Crypto currencies✔Indices✔Gold & Silver✔bonds❌Binary Options❌Mutual Funds❌Futures❌Account Types LXFXoffers two live account types: STND Standard Account and ECN Low Spread Account.FeatureSTND Standard AccountECN Low Spread AccountMinimum Trade Size (Lot)0.10.1Maximum Trade Size (Lot)2525Minimum Spread - EUR/USD1.60Minimum Spread - XAU/USD41Commission - Forex0$10 per Standard LotCommission - Gold, Silver0$10 per Standard LotCommission - Oil0$10 per Standard LotCommission - Indices$10 per Standard Lot$10 per Standard LotMinimum Deposit3003000Maximum Leverage200:1200:1Margin Call Ratio0.50.5Leverage LXFX offers different leverage depending on the type of account and financial instrument. Forex trading (STND, ECN account) leverage up to 200:1. The leverage of spot gold and silver is up to 100:1, which is conducive to small holdings in the precious metals market; Commodities such as spot oil and global indices are leveraged up to 50:1.LXFX Fees Both account types generate commissions of $10 per standard lot for index trading. STND Standard Account:The spreads start from 1.6 pips in EUR/USD and 4.0 pips in AUD/USD.No commission on forex, gold, silver or oil transactions. ECN Low Spread Account:The spreads start from 0 pips in Eur/USD, 1.0 pips in XAU/USD.CommissionUSD 10 per standard lot of Forex, gold and silver trading.Trading Platform LXFX offers three different versions of the cTrader trading platform.Trading PlatformSupportedAvailable DevicesSuitable forcTrader✔DesktopTraders who need powerful features and the ability to run complex trading strategies directly from a PC.MobileTraders who need to stay connected to the market and trade on the goWebTraders who don't want to download or install appsDeposit and Withdrawal LXFX supports a variety of payment methods for funding trading accounts, including Bank Transfer, VISA and Mastercard, Skrill, Tether (USDT). For STND standard accounts, the minimum deposit is $300. For ECN Low Spread accounts, the minimum deposit requirement is $3,000. Withdrawal fees are not mentioned.