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LotsFX -

Score

1.83 /10
Danger

LotsFX

United Kingdom

5-10 years

Suspicious Regulatory License

MT4 Full License

Regional Brokers

High potential risk

https://www.lotsfx.com

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.01

Risk Management Index0.00

Software Index6.13

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

Danger

FR AMF
2020-02-25
Blacklists of unauthorized companies and websites: Forex
LotsFX

Broker Information

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Company Name

Euro Investement House Ltd

Company Abbreviation

LotsFX

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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LotsFX · Company summary

General Information & Regulation

Founded in 2018, LotsFX is a CFD provider based in London, UK, offering investors a wide range of trading accounts with low spreads and zero commissions.LotsFX is not currently subject to any effective regulation.

Market Instruments

LotsFX offers investors a range of financial instruments, including forex currency pairs, CFDs, commodities, stocks, indices, and cryptocurrencies.

Minimum Deposit

LotsFX offers investors five different types of accounts to meet different investors' investment needs and trading experience. The five types of accounts are Bronze (initial deposit of $100), Silver (initial deposit of $500), Gold (initial deposit of $2,000), Platinum (initial deposit of $5,000), and VIP (initial deposit of $10,000).

LotsFX Leverage

Trading leverage vary depending on different trading accounts. The trading leverage is 1:100 for Bronze, 1:200 for Silver, up to 1:300 for Gold, up to 1:400 for Platinum, and up to 1:500 for VIP accounts.

Spreads & Commissions

Trading Platforms

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

Deposit & Withdrawal

Three credit/debit card logos are listed in LotsFX official website, including Visa, Mastercard, Maestro.

image.png

LotsFX Disadvantages Include:

1. False regulation

2. No information about spreads & commissions

3. Excessive leverage on gold, platinum, and VIP accounts

4. Non-primary standard MT4 trading platform

5. No information on deposit and withdrawal methods

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!!!
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User Reviews

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User comment

3

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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