London Financial

Overview of London Financial

London Financial, established in the UK, but it has been verified that this broker currently has no valid regulation.. The broker provides forex, CFDs on commodities, indices and cryptocurrencies. It offers account types, including Real and Demo accounts, with leverage up to 1:500. London Financial provides customer support through email and live chat as well as various educational resources like videos, webinars and seminars to enhance traders' skills and knowledge.

Pros and Cons

Is London Financial legit ？

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Market Instruments

London Financial's tradable instruments include forex pairs from majors to exotics, commodities like gold and silver, stock indices like FTSE 100 and DAX, and cryptocurrencies Bitcoin and Ethereum. The platform offers deep liquidity in major currency pairs and commodities.

Account Types

Standard Account: Ideal for beginners and experienced traders, requiring a minimum deposit of $250, spreads starting from 0 pips, leverage up to 1:200 and a minimum lot size of 0.01.

ECN Account: For experienced traders, requiring a minimum deposit of $2,000, spreads from 0 pips, leverage up to 1:500 and a minimum lot size of 0.01.

Zero Account: Suitable for traders seeking no commissions/spreads, with no minimum deposit required, leverage up to 1:200, a minimum lot size of 0.01 and raw ECN prices.

Islamic Account: Targeted at Muslim traders, requiring the same minimum deposits as Standard/ECN Accounts but with no swaps/interest applied.

How to Open an Account with London Financial

1. Visit their website www.londonfinancial.com and click on “Open Account” button.
2. Select the type of account you want to open - Standard, ECN, Zero or Islamic based on your needs and requirements.
3. Fill out the online registration form providing your personal details like name, email, phone etc.
4. Upload the required KYC documents like passport/ID proof, utility bill, and proof of address.
5. Fund your account by transferring the minimum deposit amount - $250 for Standard, $2,000 for ECN etc. You can deposit via bank wire, credit/debit card or e-wallets.
6. Once your deposit clears and KYC verification is complete, your real trading account will be activated.
7. You will receive your account login details to access the MetaTrader 4 or cTrader platform.
8. Trade on demo account first to learn platform navigation and trading without risks.
9. Start trading in live markets for currencies, stocks, indices, commodities as per your strategy.
10. View statements, deposits, withdrawals history via the account dashboard for easy fund management.
11. Get in touch with customer support for any assistance during sign up or thereafter.

Leverage

London Financial offers leverage up to 1:500 on forex and 1:2 on CFD instruments like cryptocurrencies. While higher leverage allows the potential for larger profits with smaller balance, it also amplifies losses in case of adverse market moves. Traders are advised to use leverage judiciously based on their risk capacity and trade strategy. The company complies with the European Markets in Financial Instruments Directive (MiFID II) leverage rules.

Spreads & Commissions

The broker quotes variable low spreads from 1 pips on major pairs like EUR/USD depending on the account type and market conditions. No commissions are charged on trades. Spreads tend to widen during holidays, news events, and volatile markets. Advanced or Gold account holders can benefit from slightly tighter spreads compared to standard or demo accounts.

Other Fees

London Financial does not apply any inactivity or monthly account fees. However, traders need to refer deposit and withdrawal charges which vary based on the payment method used. For instance, bank wire deposit carries a £25 fee while withdrawals attract £9 charges. Payments through cards and e-wallets attract lower fees. An overnight funding fee also applies to forex trades held over the swap period.

Trading Platform

Through the London Financial website or their dedicated mobile apps available for Android and iOS devices. Users can easily manage their accounts from any internet-connected smartphone, tablet, or computer. However, the current information shows that this broker does not have trading software. Please be aware!

Deposit & Withdrawal

London Financial accepts deposits through debit/credit cards, bank wire transfers and popular e-wallets. The minimum initial deposit amount ranges from $/€/£200. Withdrawal processing is initiated within 1 business day for e-wallet payments while wire transfer payouts may take 2-5 working days. Proof of identity and source of funds would be required for compliance. Traders can withdraw profits in full or partially based on personal requirements.

Customer Support

1. Email Support: London Financial can be contacted via email at support@londonfinancial.com.
2. Phone Support: They provide phone support but the numbers are not listed on the website. Investors can expect live phone assistance.
3. Knowledge Base: A Help/Support section lists Frequently Asked Questions and answers.
4. Feedback Option: An online contact form allows customers to submit enquiries and feedback.
5. Social Media: London Financial maintains LinkedIn, Facebook pages for updates and community support.

Educational Resources

Trading Foundations

London Financial offers foundational course series covering essential topics such as currency markets, technical analysis, risk management and trading psychology. The courses are structured from introductory to advanced levels.

Free Resources

Traders can access various free educational resources including webinars, seminars, videos and eBooks to aid their learning and skills development.

Helpful Tools

Additional resources available include:

• Help Center for FAQs and information
• Trading guides and articles on strategies
• YouTube videos and live broadcasts
• Weekly newsletters on markets
• Community platform for interaction and support

Live Sessions

London Financial provides live online sessions hosted by expert traders, covering market analysis, trading ideas and insights. Sessions take place regularly to foster collaborative learning.

Conclusion

In summary, London Financial is a reputable UK-regulated forex broker for trading major and exotic currency pairs along with CFDs on commodities and indices. While execution speeds and support scope could be improved, overall the broker provides a secure and feature-rich trading environment subject to risks inherent in leveraged products. Thorough research and risk management are advised when trading with any leveraged broker.

FAQs

Is London Financial regulated？

No. It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

What account options does London Financial provide？

London Financial offers different account types including Real and Demo accounts,Standard, ECN, Zero and Islamic accounts with varying features such as leverage limits and minimum deposits.

What products can be traded on London Financial？

Tradable instruments on London Financial include forex pairs, commodities, indices and cryptocurrencies. Major currency pairs and commodities have good liquidity.

What learning resources are available on London Financial？

Traders have access to a range of educational content such as video tutorials, webinars, eBooks, seminars and economic calendars to build their trading skills.

What is London Financial's support system like？

Customer support is provided via live chat, email and telephone during business hours. Additional resources include FAQs and trading guides on the website.

Risk Warning

Online trading is inherently risky, with the potential to lose everything. This review's information may be outdated due to constant updates and should be independently verified with the company before you invest. Remember, you must understand and accept the risks involved.