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LondonFX -

Score

1.44 /10
Danger

LondonFX

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://londonfx.com

Influence

D

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Comparison

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Score

Regulatory Index0.00

Business Index6.45

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

Broker Information

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Company Name

LondonFX

Company Abbreviation

LondonFX

Platform registered country and region

United Kingdom

Company website

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

LondonFX · Company summary

Note: LondonFX's official website: https://londonfx.com is currently inaccessible normally.

LondonFXReview Summary
Founded2004
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, etc.
Demo Account/
Leverage1:200
Spread/
Trading PlatformMT4
Min Deposit$250
Customer SupportTel: +61399387447, +441872303557
Email: support@londonfx.com

Founded in 2004, LondonFX is a forex broker registered in UK, offering leverage up to 1:200 and the leading Metatrader4 platform. However, LondonFX operates without regulatory oversight from any reputable financial body.

LondonFX

Pros and Cons

ProsCons
Variety of account typesInaccessible website
MT4 supportedUnregulated status
High minimum deposit
Limited payment options
Unclear withdrawal fee charged

Is LondonFX Legit?

No, LondonFX is not regulated currently. Please be aware of the risk!

No license

Account Type

LondonFX offers three account levels that traders can upgrade to. Account type including Gold, Platinum, and Diamond. LondonFX claims the minimum deposit is $250, which is a bit high.

Leverage

LondonFX offersleverage of 1:200 for traders, which is quite high. 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

Trading PlatformSupported Available Devices Suitable for
MT4✔Desktop, web and mobile (iOS and Android)Beginners
MT5❌Desktop, web and mobile (iOS and Android)Experienced traders

Deposit and Withdrawal

LondonFX accepts payments via credit cards and bank transfers.

The processing time for withdrawal transactions is 2 business days.

Gold, Platinum, and Diamond Account holders get 1, 2, and 3 free withdrawals, respectively. This suggests that there are withdrawal fees, but the specific cost was not mentioned.

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User comment

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Comments

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FX1359340586
more than one year
I was cheated by these scammers. So please stay away as they are not regulated, and don't make the same mistake as me. Is anyone else affected to come forward so we can tackle them together or if any have any tips on who I can approach to attempt to get something back?
I was cheated by these scammers. So please stay away as they are not regulated, and don't make the same mistake as me. Is anyone else affected to come forward so we can tackle them together or if any have any tips on who I can approach to attempt to get something back?
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2023-03-10 18:10
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