Score

1.52 /10
Danger

LotsFX

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.08

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

open now

Regulatory disclosure

Broker Information

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Company Name

Euro Investement House Ltd

Company Abbreviation

LotsFX

Platform registered country and region

United Kingdom

Company website

Facebook

Instagram

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
LotsFX · Company summary

Note: LotsFX's official website: https://www.lotsfx.com is currently inaccessible normally.

LotsFXReview Summary
Founded2018
Registered Country/RegionUnited Kingdom
RegulationNo regulation
Market InstrumentsForex, CFDs
Demo Account
LeverageUp to 1:500
Spread/
Trading PlatformMT4
Min Deposit$100
Customer SupportTel: +44 20 8106 2446
Email: support@lotsfx.com, compliance@lotsfx.com

LotsFX Information

Founded in 2018, LotsFX is an unregulated broker registered in the UK, offering trading on forex and CFDs with leverage up to 1:500 via the MT4 trading platform. Demo accounts are not available and the minimum deposit requirement to open a live account is $100.

Pros and Cons

Pros Cons
Multiple account typesNo regulation
Flexible leverage ratiosInaccessible website
MT4 platformNo demo accounts
No info on trading fees

Is LotsFX Legit?

No. LotsFX has no valid regulations currently. Please be aware of the risk!

Is LotsFX Legit?

What Can I Trade on LotsFX?

Tradable Instruments Supported
Forex
CFDs
Bonds
Options
ETFs

Account Type

Account TypeMin Deposit
Bronze$100
Silver$500
Gold$2 000
Platinum$5 000
VIP$10 000

Leverage

Account TypeMax Leverage
Bronze 1:100
Silver1:200
Gold1:300
Platinum1:400
VIP1:500

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

LotsFX offers traders a web-based trading platform developed by itself, as well as an MT4 platform provided by a third party.

Trading PlatformSupported Available Devices Suitable for
WebWeb/
MT4/Beginners
MT5/Experienced traders

Deposit and Withdrawal

The broker accepts payments done via VISA, MasterCard, bank wire, Neteller, PayPal and Skrill.

No minimum withdrawal amount defined and no fees or charges specified.

News

Exposure WikiFX Scam Alert: Do Not Trust LotsFX!!!

The so-called brokerage LotsFX is nothing more than an outright scam, which was blacklisted by the Financial Conduct Authority in the UK.

WikiFX
2022-10-11 12:37
                   WikiFX Scam Alert: Do Not Trust LotsFX!!!

User Reviews

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User comment

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Comments

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平安健康7766
more than one year
I feel like this has been a hard lesson for me to learn in trust. In the beginning, everything was amazing but very soon after my first deposit, I was pressured to invest more. And when I requested to withdraw my funds, I was left in the dark with no support and no money. Please please do not give your money to this company………
I feel like this has been a hard lesson for me to learn in trust. In the beginning, everything was amazing but very soon after my first deposit, I was pressured to invest more. And when I requested to withdraw my funds, I was left in the dark with no support and no money. Please please do not give your money to this company………
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2023-02-20 11:53
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FX1084205670
more than one year
Scam company! Don't fall for them! I believe in them so much that you can make money trading on their platform. And their account manager is like a friend and will give me a lot of advice. As a result, when I invested money, their attitude immediately changed, and they were no longer enthusiastic. After that, it is directly impossible to contact...
Scam company! Don't fall for them! I believe in them so much that you can make money trading on their platform. And their account manager is like a friend and will give me a lot of advice. As a result, when I invested money, their attitude immediately changed, and they were no longer enthusiastic. After that, it is directly impossible to contact...
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2022-11-30 16:09
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