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FXLider Review – is it scam or safe?

FXLider Review – Is www.fxlider.com scam or safe forex broker?

RATING: 3.3 / 4 REVIEWS
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 Trading accounts

 

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Standard $/€ 100 0.01 lots 1:200 3 pips

 

 

FXLider offers just one type of live trading account – Standard. According to the broker's site, there is also an ECN trading account, but we could not find any further details about it. There is also a demo account with virtual $100 000 for those who want to try trading without risk.

 

The broker's clients can trade in around 50 forex pairs – major, minor and some exotics, and CFDs on oil, gold, agricultural products, stocks and indices.

 

 

The Company. Security of Funds

 

Company Country Regulation
Fortrade UK FCA

   

 

FXLider is owned and operated by the UK forex broker Fortrade, which is regulated by UK's Financial Conduct Authority. It is one of the several forex brokers owned and operated by Fortrade, that are targeting different global markets. In the case of FXLider it is mostly aimed at the Western Balkans and is among the leaders in Macedonia, Bosnia, Albania and Kosovo.

 

Falling under the jurisdiction of FCA, FXLider is required to keep the client funds in segregated accounts. It is also a member of the Financial Services Compensation Scheme (FSCS) that covers up to  £50,000  per client in case of the broker's insolvency.

 

 

Trading conditions

 

Minimum initial deposit

 

The minimum initial deposit required by FXLider is $ or € 100, which is not a small sum, especially considering the main market of the broker. Besides, there are other FCA-regulated brokers like IG and XM, that have much lower deposit requirements of $1 and $5, respectively.

 

Spreads and commissions

 

For most of its trading accounts FXLider offers its clients fixed spreads and does not additional fees and commissions. The company expenses and profits are included in the spreads instead.

 

The spread for some of the more popular forex pairs like EURUSD, EURGBP and USDJPY is 3 pips. This is a little above the average for the industry, but is the same as that of Fortrade.

 

Leverage

The maximum leverage FXLider gives to its clients is 1:200, available for the majority of forex pairs. For the more exotic pairs the broker gives a max leverage of 1:25.

 

The 1:200 leverage is not too lucrative for many retail brokers, but is less risky than much higher leverage like the one offered by Grand Capital – up to 1:2000. In some countries like the US, the leverage cap is set at 1:50 and UK's FCA will fairly soon set it at the same level, at least for some CFDs. In Japan the max leverage is even lower: 1:25.

 

 

Trading platforms

 

FXLider, like the other Fortrade affiliates that we have already reviewed, is offering two trading platforms: MetaTrader 4 (MT4) and Sirix. Additionally, FXLider offers social trading with the ZuluTrade platform.

 

The broker also has some own trading platforms: the mobile FXLider Mobile, available for Android and iOS devices, the copy trading platform FXLider Copy Trade and the FXLider Pro Trader.

 

Promotions

 

FXLider has several types of promotions, both for new clients and for active clients. For the former the broker offers a welcome bonus, a credit bonus and a balance bonus. To its active clients FXLider runs a “second time deposit promotion”, credit bonus and payoff, balance bonus, a priority client bonus and incentives for long term traders.

 

Methods of payment

 

FXLider's clients can fund their accounts through a bank transfer, with a credit card or through the online payment systems Neteller and Skrill.

 

This is a fairly standard set of funding options offered by many other brokers like FIBO Group and FxPro.

 

Conclusion

 

Thanks to the UK license of its owner, FXLider is a stable and well-regulated forex broker, but its trading conditions are nothing remarkable and it does not stand out among its peers. On the other hand, considering its main market which is probably not very saturated, it doesn't have to make a very significant effort.

 

The variety of trading platforms it offers, however, is rather striking.

 

Pros Cons
Abundance of trading platforms High initial deposit
  Low leverage

 

Forex
Latest news about FXLider
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Cyprus CySec, FCA MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
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NinjaTrader
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UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$200 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

Spread

Pros

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Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Traders` reviews for FXLider

Dishonesty of tfb,ltd

DearSir
My name is Asaad Housawi I am from Saudi Arabia started dealing with a company called UNB Trade based in London their contact+44 20 3677 5502 person in charge of my wallet Dr. Saeed Abo Al Waleed
Website previously was www.unbtrade.com currently is www.tradingfloorfx.com and www.fixlider.com

they always change their commercial name as well as website
My account # 2132534375-TFB-live they use Meta4 Platform unfortunately they did not provide me with their license # my problem with them is as follows:
-01 on Dec.19.17 the Etherium price was rising were I noticed that they openned an order without my knowledge ID #988294 to buy 10 lots of Etherium at 303.61 and closed the same order with loss at price 201.47 causing me a loss of $102,140.00 one minute earlier they openned an order ID #988291 to buy 2 lots of the same item at price 303.61 and they closed the order at 201.00 causing me a total loss of $20,522.00
-02 on Dec.20.17 I openned an order ID#989724 to buy 8.10lots of BUHUSD all of a sudden I found the order closed on Dec.22 causing me loss of US$192,666.60.
-03 The big issue is with order ID #936383 to buy 7 lots of Etherium at price 380.00 on Dec.12 I found that the order closed at 533.96 making 0 profits were I should make profits at least of US$107,772.00.
I have set the system to take profit at $1200 which simply means I should make profit accordingly $574,000
-4 on Oct.13 .17 I openned an order ID# 943785 to buy 20 lots of EURUSD at price 1.18492 but all of a sudden I found the opening price has been changed somehow to 1.19842 I reported the matter to them with the prove I have in hand thru WhatsApp texting and they promised me well but nothing has been taken against till the order closed today with minimum profits UD$1160.00 were I should make US$ 28,160.00 causing me loss of US$27,000.00

-05 On Oct.4.17 an order ID#936380 to sell 7 lots of Etherium was openned at price 390.00 and closed at price 295.74 wondering this order generated 0 profits were it was suppose to generate a total profits of $65,982.00 , same day an order ID# 936381 openned to buy 1 lot of the same item at price of 390.00 and closed at price of 291.70 it was supposed to make profits of $9830 but is shows as it made 0 profit
My request is to compensate me for the loss they caused for me and for the profits I lost that I am supposed to make $ 1,240,100.60 plus $200,000.00 as a penalty for their dishonesty and the damages they caused for me

So far these are the points I observed, if I observed something new I will write to you
Regards

Looking forward to hearing from you

Asaad Housawi
My contact mobile +966 56 102 1049
My contact WhatsApp +966 570170372

E-mail [email protected]


Asaadhousawi 03/14/2018

Scam-Scam-Scam

http://www.forexpeacearmy.com/forex-reviews/8392/fxlider.com

Interesting.. IBA Options called me on phone, promising the moon, I told them I have no experience, then supersalesman gets on phone, talk, talk, talk, until you make deposit.... then when you make deposit, you do not know who is getting the money... Email confirmation says one name, Sir Global market Ltd-NONE3D yet bank statements says another, FXLIDER448000119072. Who is this guy??? FXLIDER448000119072 ??? where did the money go? Who has the money now? I smelled a rat when my trader was able to "remove a trade" and replace it with a profit... then the trader would not let me trade because I did not know what I was doing... Then boom, instant profit on a trade, in 20 seconds, how did he do that? I suppose by pure manipulation of the platform, as soon as I asked for a withdrawal, all $ was lost, never got 1 cent and site is closed... Wa.... Wa.... Wa...

Jack Bolderoff 06/12/2017

Scam

this company has taken money from my account without authorisation or premission total scam unthrustworthy

Gerry 05/31/2017

FXLider Scam

FXLider have tried to take money from my credit card account without my permission. I have never traded with FXLider nor have I expressed any desire to do so. Please leave me alone!

Reidun Hanserud 05/10/2017
Forex
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