LXFX

LXFX | 2024-10-22 16:28

الملخص：LXFX, founded in 2015 and based in the United Kingdom, is an unregulated financial services provider offering a range of products including Forex, stock CFDs, index CFDs, commodities, and cryptocurrencies. 　　They provide different types of trading accounts, such as Standard and ECN Professional Accounts, alongside a demo account for risk-free trading practice. The LXFX cTrader platform supports various devices including desktop, mobile, and web. 　　Payment methods include bank transfers, VISA, Mastercard, Skrill, and Tether.LXFX also emphasizes customer support, accessible via email, and provides educational resources aimed at introducing new traders to Forex and trading basics.

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
Customer Support	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