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LAKEFOX -

Score

2.05 /10
Danger

LAKEFOX

United Kingdom

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://www.lakefoxcapital.com/en

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Score

Regulatory Index0.00

Business Index6.17

Risk Management Index0.00

Software Index8.31

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

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Broker Information

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Company Name

lakefox capital limitd

Company Abbreviation

LAKEFOX

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

LAKEFOX · Company summary
LAKEFOXReview Summary
Founded2021
Registered Country/RegionHong Kong
RegulationNo regulation
Market InstrumentsForexMetalsIndicesOil
Demo Account❌
Leverage/
Spread/
Trading PlatformMT5
Min Deposit/
Customer SupportPhone: +8651265769413
Email: lakefox@lakefoxcapital.com
Physical Address: Room 603, 6/F, Room135, Building39, Meicheng, Fang, Changqiao Street, Wuz District

LAKEFOX Information

LAKEFOX was established in 2021 and is registered in Hong Kong. It offers traders the opportunity to trade Forex, Metals, Indices, Oil and supports the use of the MT5 platform. It says it does not charge transaction fees, but discloses little information and is not currently regulated.

LAKEFOX Information

Pros and Cons

Pros Cons
Zero transaction feeNo regulation
Support MT5No account information was provided
There is no specific information on fees
There is no deposit information

Is LAKEFOX Legit?

LAKEFOX's website was registered in 2021. However, it is currently unregulated.

Is LAKEFOX Legit?
Is LAKEFOX Legit?

What Can I Trade on LAKEFOX?

The products that LAKEFOX allows traders to trade include 40+ currency pairs or more; Metals include gold and silver trading; Traders can also invest in the world's major stock indices: DowJones, FTSE 100, Nikkei Index, Hang Seng Index, etc; In addition, there are crude oil, such as BRENT-IPE, WTI-NYMEX.

Tradable Instruments Supported
Forex✔
Metals✔
Indices✔
Oil✔
Stocks❌
Bonds❌
ETF❌
What Can I Trade on LAKEFOX?

LAKEFOX Fees

LAKEFOX said there are no transaction fees for trading precious metals and small spreads for trading forex. But it did not elaborate.

LAKEFOX Fees
LAKEFOX Fees

Trading Platform

The trading platform LAKEFOX supports for traders is MT5, which is available on both desktop and mobile.

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, MobileSkilled traders
MT4❌
MT5❌
Trading Platform

User Reviews

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User comment

4

Comments

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Arjun G
more than one year
Honestly,the trading app is not that useful, only packed with some basic tools. However, the best part is their commission-free trades.
Honestly,the trading app is not that useful, only packed with some basic tools. However, the best part is their commission-free trades.
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2024-07-11 10:10
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Pierre Lug
more than one year
LAKEFOX fees are fairly average compared to other brokers I've used. Will have to see how their execution speeds are like for trades.
LAKEFOX fees are fairly average compared to other brokers I've used. Will have to see how their execution speeds are like for trades.
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2024-06-28 15:13
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