FxLift

Finding a broker that offers numerous accounts is not easy. Fxlift excels in this aspect since it provides accounts to not only traders but also money managers. It aims at giving you a reliable and transparent trading environment. Here is more!


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Who is behind the broker?

IronFX Global Limited is the founder of Fxlift. It has years of experience in the financial industry and is committed to giving clients high-quality services. In 2015, it was involved in a big scandal after preventing clients from withdrawing their funds.

This made them pay a fine to the regulatory body. CySEC has licensed and regulated Fxlift. Despite this scandal, the broker did not lose its license and continued running up to date. You can engage in trading currencies, futures, indices, shares, commodities and CFDs. They follow strict policies set by the regulated body and segregate clients’ funds.

What trading platforms are available and supported?

Fxlift supports Meta trader 4 which is a globally accepted platform. It is available in mobile trading and desktop download apps. This platform gives you the chance to analyze the dynamics of different financial instruments. Feel free to utilize charting tools, back-testing options, and indicators.

What types of accounts are available?

Both small and large depositors can enjoy the flexibility of the accounts. Fxlift has types such as standard, gold, and platinum. These accounts provide personalized services to different kinds of tradors. You can even train from a demo account that utilizes virtual funds.

Spreads, Leverage, and commission

Different accounts such as the premium account offer variable and fixed spreads. Many traders dislike the risky leverage levels that this broker offers. Fxlift offers leverage of up to 1:1000. The broker also charges a commission for different accounts. There is no mention of free signals or bonuses on their website.

Deposit and withdrawal options

Unlike other brokers, Fxlift gives you numerous options for withdrawing and depositing funds. You can use wire transfer, China UnionPay, Skrill, dot pay, Neteller and Debit/Credit cards. The broker also accepts different currencies such as GBP, EUR, AUD, USD, and RUB.

Customer support

You can contact them via email or make a direct call if you need instant feedback. They offer 24-hour customer support in different languages to reduce language barriers and accommodate global traders.

 

 

 

Pros

  • Offer education

Fxlift is dedicated to empowering its traders. They offer educational resources in the form of video tutorials and webinars to help new traders gain new skills.

  • Good customer support

Most traders report that there is always a representative to attend to your specific needs. They work round the clock meaning you will not get stuck trading even in the wee hours of the night. They also offer their services in different languages.

Cons

  • High leverage

The high leverage discourages a lot of traders since it increases the risk of losing everything including your deposit.

  • Poor reputation

Despite offering good services, scandals have affected the reputation of this broker.

Conclusion

Fxlift is a CFD broker that offers numerous payment options, MT4 trading platform, several financial instruments, and different account types. The trading conditions are however not the best since it has high trading costs and high leverage levels. Though the reputation is not best, it is well-regulated and caters to the needs of traders.


RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

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