de | cn | ru Review - Is it scam or safe? Review - Is it scam or safe?

RATING: 3 / 2 REVIEWS ForexBrokerz


Trading Accounts


Account type Minimum deposit Minimum trade size Maximum leverage  Spreads Trading platform 
Classic  $1000  0.01 1:200 fixed 3 pips on EUR/USD MT4/WebTrader
Gold $5 000  0.01 1:200 fixed 3 pips / variable 2.2 pips on EUR/USD MT4/WebTrader
Premium $25 000  0.01 1:200 fixed 3 pips / variable 2.2 pips on EUR/USD  MT4/WebTrader offers its clients a choice of three basic account types: Classic, Gold and Premium. 

Holders of the Standard and Premium accounts receive SMS signals and daily market analysis. The Premium account also offers exclusive customer support.

In addition, offers demo accounts, as well as swap-free (Islamic) accounts, which are Sharia compliant (for Muslim investors who are unwilling to earn interest for religious reasons). The Company warns that it may add commission upon each and every one of the trades executed on the Islamic Account and/or prohibit customers from hedging their positions.

The Company. Security of Funds is a foreign exchange and CFD broker founded in 2009. It offers trading in a wide range of instruments including over 45 currency pairs, commodities, precious metals, major indices, stocks, bonds and CFDs. is a brand name of Leadcapital Markets Ltd., an investment company, operating several online trading brands, such as,, Excellence Option, and The company is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

CySEC applies a set of rules and supervision to license holders in order to provide certain level of security in the provision of financial services. For instance, customer funds must be held in segregated accounts. Besides, in order to operate legitimately, Cyprus investment firms must hold a minimum of €1,000,000 as a proof of their financial stability.

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation to covered clients up to 20,000 EUR, If the company is becomes insolvent. Similar compensation schemes apply in other jurisdictions, in UK for instance the maximum compensation cover by the Financial Services Compensation Scheme is £50,000 per person per FCA-regulated firm.

Moreover, each CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services within the EU under the MiFID Passporting Regime.

Trading Conditions


There isn't much solid and clear information about trading conditions on different account types on the broker's website and the customer support isn't helpful either. 

Minimum Initial Deposit
In order to open an account with, traders have to invest a minimum of $1000. Such minimum initial amount is a bit too high, as other Cyprus-based brokers require less. For instance, FXTM demands just $5 from its clients as a start.

Spreads & Commissions
According to the information on its website, account types with are commission-free, since the brokers receives compensation for its services through the bid/ask spread. offers both variable and fixed spreads and both values are comparatively high: 3 pips fixed and 2.2 pips variable on EUR/USD.

In comparison, fixed spreads offered by Exness amount to 2 pips on EUR/USD on its commission-free Classic accounts, and XM provides variable spreads from 1 pips on majors and also doesn’t charge any commission.

For further information, you may look up real-time spreads of 15 leading brokers here.


The maximum leverage level offered by is 1:200, which is average. In case you need higher leverage ratios, many Cyprus-based brokers provide such. FXTM, for example, offers leverage up to 1:1000, and Exness - up to 1:2000 (one of the highest on the forex market). You may check out a list of brokers, providing leverage equal to or exceeding 1:500 here.

Nonetheless, we advise traders to be careful when trading on margin, as higher leverage involves greater risk of losses, which may even exceed the initial deposit.

Trading Platforms

This broker supports two trading platforms: the renown MetaTrader 4 (MT4) and WebTrader, powered by Sirix.

MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: a number of technical indicators, extensive back-testing, advanced charting package and a wide range of Expert Advisors (EAs). Traders can download ready-made or create their own EAs and let the software do all the work.

MetaTrader 4 is available to clients of as desktop and mobile versions. More brokers using the MT4 can be viewed here

This broker also offers WebTrader powered by Sirix, a web-based trading platform coded in HTML, which works on most browsers. The platform has social trading functionality built in, which allows you to see what other traders using the platform are doing and copy their strategies, however it lacks in-depth analysis. WebTrader is easy to use and is mostly tailored to newbies.



Unlike most brokers, does not provide VPS – a virtual server that you can use for hosting your MT4 EAs, providing extra protection when trading forex.

Methods of Payment

The following payment methods are available to’s clients: credit/debit cards (Visa, MasterCard, Maestro, etc.), bank wire transfer and e-wallet payment systems, such as Skrill, Neteller, and CashU.

Conclusion is a EU broker, regulated by CySEC, that offers online trading in forex currency pairs and CFDs through both the famous MT4 and Sirix WebTrader. Here are, in a nutshell, the advantages and drawbacks with regards to this broker:


Pros Cons
Well-regulated  High spreads
No commission fees  No ECN Model
Choice of trading platforms, MT4 available No clear information on trading conditions


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Traders` reviews for
















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Trade is a scam

By the end of August I have sent some money in my new account. I did one month of trading with with very little support from Eugenio Attanasio thus I diced to try to get my money back. Here started all the problems. My money disappeared after the withdraw and I did not managed to receive my money back. No help and no support from in the person of Monica Ferrari to find out where the money disappeared. I will have to sue the company losing time and money to get back my money. Be aware cannot be trusted with your money! Marco Marco

Marco Caporale 12/04/2018

They have to fix their customer service ASAP

The platform is user-friendly and highly intuitive. At the moment, I do not have issues with it and making withdrawal is quick. Overall, no issues, but they have to fix their customer service ASAP.

anon 03/23/2018

Đ•xperience with

We currently have an account with these and have been trying to get hold of customer services four weeks but no one seems to respond despite sending emails and trying to contact them via the phone. We have major issues with the advice pressure to extend the size of the account and the portrait signals being supplied. On taking advice and following the trade signals this has but is in a precarious position in which given the lack of support I would not recommend anybody opening an account with this company. It seems to be that they do not care whether you win or lose and constantly encourage you to put more money into cover the bad positions taken from advice given by themselves and their platform manager.

Christian Elwell 06/13/2017
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