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Company Name
Fortrade Ltd
Company Abbreviation
Fxlider
Platform registered country and region
United Kingdom
Company website
X
Company summary
Pyramid scheme complaint
Expose
Note: Fxlider's official website: https://www.fxlider.com/ is currently inaccessible normally.
| Fxlider Review Summary | |
| Founded | 2013 |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | Stocks, indices, forex and commodities |
| Demo Account | ❌ |
| Leverage | 1:1000 |
| Spread | From 2 pips (Standard account) |
| Trading Platform | MT4 and MT5 |
| Min Deposit | $100 |
| Customer Support | Email: support@fortrade.com |
| Phone: +44 203 966 4506 | |
| Facebook: https://www.facebook.com/ready.fortrade | |
| Twitter: https://twitter.com/ready_for_trade | |
Fxlider is a financial broker established in 2013, based in the United Kingdom. It offers four types of market instruments on the world-leading trading platforms MT4 and MT5, and different account types. However, there is no accessible website for Fxlider, so searching for specific information is impossible. Most importantly, this brokerage lacks normal and legal regulation.
Pros and Cons
| Pros | Cons |
| Multiple tradable assets | No Legal regulation |
| MT4 and MT5 support | Limited info on trading fees |
| Long history of operarion | Unavailable website |
| Lack of transparency | |
| No demo accounts | |
| Limited customer support options |
Is Fxlider Legit?
Fxlider has been labeled as a suspicious clone by the Financial Conduct Authority (FCA) in the United Kingdom (license number 504072) and is therefore unregulated. The company is suspected of imitating or cloning another authorized and regulated entity, potentially leading to fraudulent activities.
| Regulatory Status | Suspicious Clone |
| Regulated by | Financial Conduct Authority |
| Licensed Institution | AVA Trade EU Limited |
| Licensed Type | European Authorized Representative (EEA) |
| Licensed Number | 504072 |
What Can I Trade on Fxlider?
Fxlider provides access to forex, commodities, stocks, and indices. Specifics on the tradable instruments are as displayed below:
Commodities: Gold, Silver, Crude Oil, ...
Stocks: USA500, Apple (AAPL), Facebook (META), Microsoft (MSFT), ...
Indices: S&P 500, NASDAQ 100, FTSE 100, ...
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Stocks | ✔ |
| Bonds | ❌ |
| Futures | ❌ |
Account Type
Fxlider offers three account types: Standard, Pro, and VIP, with a minimum deposit of $100, $500 and $5,000, respectively. The specifics of the account types are as follows:
| Account Type | Min Deposit | Max Leverage | Spread |
| Standard | $100 | 1:100 | From 2 pips |
| Pro | $500 | 1:500 | From 1 pip |
| VIP | $100 | 1:1000 | From 0.1 pips |
Leverage
Fxlider offers varying leverage for different account types, which allows you to choose an account type that aligns with your risk tolerance and trading strategies. However, you must keep it in mind that this broker lacks legal regulation and it is wise for you to avoid trading with it.
Trading Platform
Fxlider offers MT4 and MT5, providing you with robust tools and functionalities for trading activities. MT4 and MT5 are widely recognized and trusted in the industry, offering advanced charting tools, analytical tools, and expert advisors.
Deposit and withdrawl
Fxlider offers a variety of deposit and withdrawal methods, including credit/debit cards, bank transfers, e-wallets like Neteller, Skrill, and wire transfers. However, given its lack of regulation, you are advised to avoid depositing any assets with this broker.
