LatitudeFX

LatitudeFX Information

LatitudeFX is a New Zealand based brokerage founded in 2017. In LatitudeFX, traders can trade forex pairs, commodities, indicies, precious metals, energy, and 3 other accounts with the MT4 platform for traders to choose and use. The broker is currently unregulated and has been disclosed by the FCA as lacking in security.

Pros and Cons

Is LatitudeFX Legit?

LatitudeFX is currently unregulated and operates outside the bounds of the law. In addition, Query information shows that its official website registration time is 2022.

But in 2020, the broker was publicly disclosed by the FCA: copying the details of an authorised company to commit fraud.

What Can I Trade on LatitudeFX?

Use LatitudeFX to trade a variety of different instruments, including: 25 Forex pairs, commodities, indicies, precious metals, energy and more.

Account Types

LatitudeFX offers three different account types : Starter Account, ProTrader Account, and Elite Account.

Of the three accounts, the minimum deposit requirement is $50, the maximum leverage is Up to 1:500, and spreads can be as low as 0.5pips.

LatitudeFX Fees

Starter Account offers fixed point spreads, with major currency pairs starting at 2pips. Free commission is not supported. The fixed point difference has poor flexibility and weak competitiveness.

ProTrader account offers variable spreads as low as 1pips.

Elite account has the smallest spread against major currency pairs, starting at 0.5pips.

Trading Platform

latitudefx offers trading platform MT4, which allows traders to use both desktop and mobile.

Deposit and Withdrawal

Latitudefx offers deposits and withdrawals with credit cards, paypal, wire transfers.