On-line since: About the company: FXLider is a broker that offers trading services in currencies and CFDs on different trading platforms. FXLider is owned and operated by the UK forex broker Fortrade, which is regulated by FCA. Fortrade owns several companies that target different regions. 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 FXLider offers just one type of a live trading account – Standard. According to the broker's site, there is also an ECN trading account, but there are no further details about it. Traders can use a demo account with virtual $100,000, which is suitable for beginners or those who want to try the trading platform. The broker's clients can trade around 50 currency pairs – majors, minors and some exotics, as well as CFDs on oil, gold, agricultural products, stocks, and indices. Minimum initial deposit The minimum initial deposit required by FXLider is $100 or €100. It can’t be called the most favorable proposition, especially considering the main market of the broker. Many other brokers offer to start trading with $1. Spreads and commissions FXLider offers its clients fixed spreads without additional commissions. The company’s expenses and profits are included in the spreads. The spread for some of the most popular forex pairs like EUR/USD, EUR/GBP, and USD/JPY is 3 pips. It is a little above the average for the industry. Leverage The leverage FXLider gives to its clients is 1:200, available for the majority of forex pairs. For the more exotic pairs, the broker offers the leverage of 1:25. The 1:200 leverage is not very lucrative but is less risky. In some countries like the US, the leverage cap is set at 1:50, and in Japan the max leverage is even lower, 1:25. Trading platforms FXLider, like the other Fortrade affiliates, is offering two trading platforms: MetaTrader 4 (MT4) and Sirix. Additionally, FXLider offers social trading with the ZuluTrade platform. The broker also has its 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 and active clients. New clients are offered a welcome bonus, a credit bonus, and a balance bonus. For its active clients, FXLider runs a “second 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 top up 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 payment options offered by many brokers. Pros:
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I have failed to deal with FXLider brokers. I started with 500 investments two months ago but I lost everything from them due to fake trade execution or delays on the platform. So I got a huge slippage. Besides their service is too bad in the market.
I say, the FxLider platform's MT4 platform is organized and I can trade easily with their clear graphical chart and advanced tools. Their price quotes are live and my trade execution is fast. Also, I can see signals and big news notifications on the platform too. So I can find everything in one place and make a profitable trade easily. Even their Withdrawal request on time. Totally, I am satisfied with FxLider broker so far.
I say no one can be able to stay with FXLider broker for a long time. The platform didn’t work properly and all of my orders go slippage positions or delayed positions. So I can not earn pips. Also, their spreads get ridiculous during the news break. Very rude and unprofessional customer service too. Everyone is busy chasing something other than trying to fix the issues.
FXLider is a reliable broker. I started trading with this company several months ago and I must say that I am able to do my trades comfortably. The platform is stable and the fees are low so there is really nothing to worry about.
FXLider is a reliable broker. I have been trading with them for 2 years and still receiving excellent services. Their service is consistent. Their MT4 platform always stable even during market volatility. Their support team is amazing. So satisfy to trade with them. All my trading has always been profitable. I would like to recommend FXLider to all traders.
I have got the most horrible experiences with FXLider. I sent a $1k withdrawal request on 23 December 2020 and they did not paid to me this amount. I already send 20+ emails but they did not get any reply from them. Last Monday I made a call to their support they inform me that I cannot withdraw $1k at a time. This is very annoying. I read several review on different website all of them complaining that they are not honest about their withdrawal.
Making money in the Forex market is not easy but FxLider made sure that it wouldn't be harder for their clients. They have great trading platforms which all work properly, the trading cost is low, and even the starting capital is affordable. They provide an amazing trading environment so that their clients will only worry about their trading decisions. To which, they also help through regular market analysis and news.
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