LARIOX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-31 18:19

Abstract：Lariox is an online Forex and cryptocurrency STP broker. The tradable instruments with a maximum leverage of 1:500 include forex, commodities, shares, futures, indices, stocks, and metals. The broker also provides three accounts and an MT4 platform. The minimum spread is 0.6 pips, and the minimum deposit is $10. LARIOX is still risky due to its unregulated status and bad reviews about difficulty withdrawing money.

LARIOX Review Summary
Founded	2019-02-04
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex/Commodities/Shares/Futures/Indices/Stocks/Metals
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.6 pips
Trading Platform	MT4(Windows/iOS/Android/Web)
Min Deposit	$10
Customer Support	Live chat

LARIOX Information

　　Lariox is an online Forex and cryptocurrency STP broker. The tradable instruments with a maximum leverage of 1:500 include forex, commodities, shares, futures, indices, stocks, and metals. The broker also provides three accounts and an MT4 platform. The minimum spread is 0.6 pips, and the minimum deposit is $10. LARIOX is still risky due to its unregulated status and bad reviews about difficulty withdrawing money.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Unregulated
24/7 customer support	Inaccessible official website
MT4 available	Negative comments about difficulty in withdrawal
Spread as low as 0.6 pips	Unspecific transfer time and fee information
Demo account available
Various tradable instruments
Swap free

Is LARIOX Legit?

　　LARIOX is not regulated, making it less safe than regulated brokers.

What Can I Trade on LARIOX?

　　LARIOX offers various market instruments, including forex, commodities, shares, futures, 10 indices, stocks, and metals.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Shares	✔
Futures	✔
Indices	✔
Stocks	✔
Metals	✔
Cryptocurrencies	❌
Precious	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　LARIOX has three account types: standard, ECN, andscalper. Traders who want low spreads and leverage can choose a scalper account, while those with a small budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Account Type	Standard	ECN	Scalper
Min Deposit	$10	$50	$200
Leverage	1:500	1:500	1:200
Spread	1.2	0.6	0.6
Stop Out Level	20%	20%	20%
Maximum Order	No limit	No limit	No limit
Swap free	✔	✔	✔
Commission	-	$7	-

LARIOX Fees

　　The spread is from 0.6 pips. The swap is free. The lower the spread, the faster the liquidity.

Leverage

　　The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

　　LARIOX cooperates with the authoritative MT4 trading platform available on Windows, iOS, Android, and the web to trade. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Windows/iOS/Android/Web	Junior traders

Deposit and Withdrawal

　　The minimum deposit is $10. LARIOX accepts Visa, MasterCard, Wire transfer, and Bitcoin for deposit and withdrawal. However, the official website is inaccessible, so transfer processing times and associated fees are unknown.