Score
LXFX
United Kingdom|5-10 years| http://www.lxfx.com/
Website
Rating Index
Contact
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
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
lxfx.com
Server Location
Hong Kong
Website Domain Name
lxfx.com
Website
WHOIS.NAME.COM
Company
NAME.COM, INC.
Domain Effective Date
2009-03-27
Server IP
103.194.187.62
Company Summary
| LXFX Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex,Stock CFDs,Index CFDs,Commodities,Gold & Silver,Cryptocurrencies |
| Demo Account | Available |
| Leverage | Up to 1:200 |
| Spread | Commission:from $0 to $10 per lot;Spreads:from 0 pip to 4 pips |
| Trading Platform | LXFX cTrader(Desktop,Mobile,Web) |
| Min Deposit | 1000 USD |
| Customer Support | Phone: 400-120-3077 |
| Email: support@lxfx.com | |
LXFX 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 Cons
| Pros | Cons |
| Clear Cost Structure provided on Website | Unregulated Status |
| Three versions of thecTrader trading platform for different devices | Potential Currency Conversion Fees |
| Various Payment Options including Bank Transfer, VISA and Mastercard | Complexity in Commission and Spread Structure |
| Supports EAs and other intelligent tools |
Is 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 Instruments | Supported |
| Forex | ✔ |
| 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.
| Feature | STND Standard Account | ECN Low Spread Account |
| Minimum Trade Size (Lot) | 0.1 | 0.1 |
| Maximum Trade Size (Lot) | 25 | 25 |
| Minimum Spread - EUR/USD | 1.6 | 0 |
| Minimum Spread - XAU/USD | 4 | 1 |
| Commission - Forex | 0 | $10 per Standard Lot |
| Commission - Gold, Silver | 0 | $10 per Standard Lot |
| Commission - Oil | 0 | $10 per Standard Lot |
| Commission - Indices | $10 per Standard Lot | $10 per Standard Lot |
| Minimum Deposit | 300 | 3000 |
| Maximum Leverage | 200:1 | 200:1 |
| Margin Call Ratio | 0.5 | 0.5 |
Leverage
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 Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Desktop | Traders who need powerful features and the ability to run complex trading strategies directly from a PC. |
| Mobile | Traders who need to stay connected to the market and trade on the go | ||
| Web | Traders who don't want to download or install apps |
Deposit 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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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