Lofty Forex -Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2022-01-13 18:26

Abstract：Lofty Forex is a globally recognized retail and institutional economic company composed of professional traders. Lofty Forex was registered in the United Kingdom, saying it is authorized and regulated by the NFA with regulatory license number 0543429. However, the official regulatory status is unauthorized, which means Lofty Forex maybe not subject to any regulation at this stage.

General Information & Regulation

Lofty Forex is a globally recognized retail and institutional economic company composed of professional traders. Lofty Forex was registered in the United Kingdom, saying it is authorized and regulated by the NFA with regulatory license number 0543429. However, the official regulatory status is unauthorized, which means Lofty Forex maybe not subject to any regulation at this stage.

Market Instruments

Lofty Forex offers a variety of trading products, covering diversified investment products such as foreign exchange, precious metals, bulk commodities, and virtual currencies.

Minimum Deposit

Lofty Forex requires no minimum initial capital to start a real trading account, which sounds encouraging. In most cases, many other brokers would require traders to fund at least $100 to start real trading. So, no minimum deposit requirement and fund your accounts according to your own needs are definitely good news.

Leverage

Lofty Forex offers dynamic trading leverage, varying from 100:1 to 500:1. The leverage up to 500X is quite generous for most traders. However, still keep in mind that leverage can magnify returns as well as potential risks, so choosing the right amount is very essential.

Spreads & Commissions

As for spreads and commissions, Lofty Forex only promises that it will provides highly competitive spreads, but does not specify detailed spreads on particular instruments.

Trading Platform Available

When it comes to trading platforms available, Lofty Forex provides its traders with the MT5 trading platform, available in IOS, Android and PC versions.

Deposit & Withdrawal

In terms of payment methods available, Lofty Forex does not make this part clear. Many brokers would allow traders to fund their accounts through some common funding options like Credit Card, Debit Card, Wire Transfer, as well as some online payment processors like Skrill, Neteller, Webmoney, etc.

Customer Service

Lofty Forex says it offers professional customer service team support. They will contact you after you fill in a contact form on their official website. Surprisingly, they can also be reached through online chat, but it still takes a few minutes for you to get responded.

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Lofty Forex

Company name：Lofty Forex Global Limited

Score

1.48

Website：https://loftyforex.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.48

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