FXLIDER

About company:

FXLider is a broker that offers its clients currency and CFD trading on various trading platforms.

 

FXLider is owned and operated by Fortrade, a UK-based Forex broker, which is regulated by the FCA. Fortrade owns several companies that target different regions. In the case of FXLider, he mainly works for traders from the Western Balkans and ranks among the top Forex brokers in Macedonia, Serbia, Bosnia, Albania and Kosovo.

 

Coming under FCA jurisdiction, FXLider is required to keep client funds in segregated accounts. He is also a member of the Investor Compensation Program (FSCS), which guarantees a refund of up to £ 50,000 per client in the event of a broker's insolvency.

 

Terms of trade

FXLider offers only one type of live trading account - Standard. According to the information on the website, there is also an ECN trading account, but we have not found confirmation of this. There is also a demo account with virtual $ 100,000. This is a great solution for newbie traders or those looking to test out a trading platform.

 

Clients can trade 50 currency pairs - major, minor and some exotic, 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. This is not to say that this offer is the most profitable, especially considering the broker's main market. Many companies offer to start with $ 1.

 

Spreads and commissions

FXLider offers its clients fixed spreads and does not charge additional fees. The company's expenses and profits are included in the spreads.

 

The spread for some of the more popular currency pairs such as EUR / USD, EUR / GBP and USD / JPY is 3 pips. This is slightly above the industry average.

 

Leverage

FXLider provides its clients with up to 1: 200 leverage, which is available for most currency pairs. For more exotic pairs the maximum leverage is 1:25.

 

The 1: 200 leverage is not very beneficial for many retail brokers, but it limits the broker's risk. In some countries, such as the USA, leverage is up to 1:50, in Japan the maximum leverage is even lower, 1:25.

 

Trading platforms

FXLider, like other Fortrade subsidiaries, offers two trading platforms: MetaTrader 4 (MT4) and Sirix. In addition, FXLider offers social trading with the ZuluTrade platform.

 

The broker also has its own trading platforms: FXLider Mobile available for Android and iOS devices, FXLider Copy Trade and FXLider Pro Trader.

 

Promotions

FXLider offers several types of promotions for both new clients and active traders. The first available are the welcome bonus, credit bonus and balance bonus.

 

For its active clients, FXLider is launching a "second deposit promotion", a credit bonus and a priority client bonus and incentives for long-term traders.

 

Ways of payment

FXLider customers can fund their accounts via bank transfer, credit card, or through the online Neteller and Skrill systems. This is a fairly standard set of payment options offered by many other brokers.

 

Pros:

 

regulated broker; a large selection of trading accounts.

 

Minuses:

 

high minimum deposit; high spreads.