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Lionheart Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

Lionheart Broker Review

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2021-05-25

  

Lionheart 2025 Review: Everything You Need to Know

  The Lionheart funding program, established in 2023, has emerged as a notable player in the proprietary trading space, providing traders with diverse funding options and a flexible trading environment. This review highlights the key features, advantages, and disadvantages based on user experiences and expert analyses. Notably, the firm offers a competitive profit-sharing model and a variety of trading challenges, making it an attractive choice for both novice and experienced traders.

  Note: It is essential to be aware of the different entities operating under the Lionheart name across regions, as this can affect user experiences and regulatory oversight. The review is based on a comprehensive evaluation of various sources to ensure fairness and accuracy.

  

Ratings Overview

Criteria Rating (out of 10)
Account Conditions 8
Tools and Resources 7
Customer Service and Support 9
Trading Setup (Experience) 8
Trustworthiness 7
User Experience 8

  How We Rate Brokers: Our ratings are based on a combination of user feedback, expert opinions, and factual data regarding the broker's offerings and performance.

  

Broker Overview

  Lionheart is a proprietary trading firm based in South Africa, launched in 2023. It primarily operates through the DXtrade platform, partnering with Eightcap to provide competitive trading conditions. The firm offers a range of tradable assets, including forex, commodities, indices, and cryptocurrencies. However, it operates as an unregulated entity, which may raise concerns for some traders regarding its legitimacy and safety.

  

Detailed Breakdown

  Regulated Regions: Lionheart operates primarily in South Africa and has a presence in Australia through its parent company, Prop Trade Tech Pty Ltd. However, it lacks regulatory oversight, which may deter some traders.

  Deposit/Withdrawal Currencies: The firm accepts deposits and withdrawals in various fiat currencies and cryptocurrencies, enhancing flexibility for traders.

  Minimum Deposit: The minimum evaluation fee starts at $49, allowing traders to access a funded account with $5,000.

  Bonuses/Promotions: Currently, no specific bonuses or promotions are highlighted in the available reviews.

  Tradable Asset Classes: Lionheart offers a diverse range of assets, including forex pairs, commodities, indices, and cryptocurrencies, appealing to a broad spectrum of trading strategies.

  Costs (Spreads, Fees, Commissions): The trading fees are competitive, with a flat commission of $7 per lot on all trades. However, there are withdrawal fees for bank transfers and a percentage-based charge for cryptocurrency withdrawals.

  Leverage: The maximum leverage offered is 1:100, allowing traders to amplify their positions while managing risk effectively.

  Allowed Trading Platforms: The primary trading platform is DXtrade, which provides a user-friendly interface. However, popular platforms like MT4 and MT5 are not available.

  Restricted Regions: Certain countries, including Cuba, Iran, North Korea, and Russia, are restricted from accessing Lionheart's services.

  Available Customer Service Languages: The primary language of support is English, with 24/7 customer service available via email and a chatbot.

  

Repeated Ratings Overview

Criteria Rating (out of 10)
Account Conditions 8
Tools and Resources 7
Customer Service and Support 9
Trading Setup (Experience) 8
Trustworthiness 7
User Experience 8

  

Detailed Breakdown of Ratings

  Account Conditions: Lionheart offers multiple challenge types with clear profit targets and drawdown limits. The absence of minimum trading day requirements allows traders to progress quickly, which is a significant advantage.

  Tools and Resources: The firm provides various tools, including trading calculators and an economic calendar. However, the educational resources could be more comprehensive.

  Customer Service and Support: Users have reported positive experiences with customer support, highlighting the responsiveness and availability of assistance through multiple channels.

  Trading Setup (Experience): The DXtrade platform is generally well-received, offering a seamless trading experience. However, the lack of more widely used platforms like MT4 or MT5 may limit some traders.

  Trustworthiness: While Lionheart has received a mix of reviews, it has maintained a relatively positive reputation on platforms like Trustpilot. However, the lack of regulation may raise concerns for risk-averse traders.

  User Experience: Overall, users appreciate the flexibility and options provided by Lionheart, although some have expressed concerns about the non-refundable evaluation fees, which could be a drawback for new traders.

  In conclusion, the Lionheart funding program presents a compelling option for traders seeking diverse funding opportunities and a supportive trading environment. However, potential users should weigh the benefits against the lack of regulatory oversight and the non-refundable nature of evaluation fees. As with any trading decision, thorough research and due diligence are advisable.

Lionheart review