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No Regulation
Score
1.54 /10
Danger
LXFX
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index7.21
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| 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.
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