Score
LondonFX
United Kingdom|2-5 years| https://londonfx.com
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Vietnam 2.55Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
londonfx.com
Server Location
United States
Website Domain Name
londonfx.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2004-05-25
Server IP
104.21.55.143
Company Summary
Note: LondonFX's official website: https://londonfx.com is currently inaccessible normally.
| LondonFXReview Summary | |
| Founded | 2004 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, etc. |
| Demo Account | / |
| Leverage | 1:200 |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | $250 |
| Customer Support | Tel: +61399387447, +441872303557 |
| Email: support@londonfx.com | |
Founded 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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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