FX Lider Forex Broker review
|Name of the Company||Lider Forex|
|Payment Methods||Credit Cards, Debit Cards, PayPal or WebMoney|
|Demo Accounts & Platforms||Meta Trader 4, LiderMobile Trader, Lider Web Trader|
|Regulated and Registered by?||Offshore Regulated and not regulated in US and Europe.|
|Are US Traders allowed?||No|
|Languages in which website is available||English|
|Languages in which support is available||English, Turkish|
|Different Support methods||Website- www.lideforex.com, E-Mail- email@example.com, Fax- +90 212 310 5970, Phone – +90 212 705 56 52|
|Minimum account size||$100|
|Type of spread?||Fixed|
|Is Scalping allowed?||Yes|
|Types of Trading instruments (GOLD; CFD, etc. and the leverage)||Forex and Precious Metals, CFDs, Stocks and Indeces Leverage is 1:200|
|Real Trading Platform||Meta Trader 4, LiderMobile Trader, Lider Web Trader|
|Number of currency pairs||Tens of Currency Piars|
|Islamic accounts available||No|
|Is Hedging allowed?||No|
|Mobile trading allowed?||Yes|
|Browser-based platform present?||Yes|
Lider Forex or FX Lider is a regulated company and was found in the year 2006 and was established by a group of financial experts in the field of internet technology. They also started their online trading service the very same year with the aim of reaching traders the world over. The company is an offshore regulated company and is not regulated in United States or Europe. They allow traders to make payment or withdraw funds using credit cards, debit cards; WebMoney and the most used and loved medium PayPal. These payment options make the deposit as well as withdrawal of funds very easy. They do not allow traders from United States to trade from their account. Their website has all the necessary information that a trader may look for and is available only in English. FX Lider forex is one of the biggest forex trading companies in Turkey and they boast of a monthly turnover of $20 billion.
Their trading platform is an in house trading platform LiderMobile Trader, Lider Web Trader along with Meta Trader 4 for both demo as well as real trading accounts. These trading platforms are loaded with many features which help the trader in trading successfully. Their customer support service is very good and can be availed using the website, fax and phone. The staffs are very friendly and responsive. The service is available in English as well as Turkish language. The minimum deposit required to open an account with them is $100 and the spread on the trade is fixed. The fixed spread allows the trader to know the cost of his trade and helps him calculate the profit before placing the order. They do allow scalping to their traders and maximize their profit. However, hedging is not allowed to them.
Reviews are posted online by the users and are of great source of information for all those looking for it. The reviews for FX Lider are not that very great but still have many advantages which the traders may look at. They have a fixed spread on the trade that you do unlike many other companies which have variable spread which adversely affect the profit margin. The payment options are many with PayPal as one of them and hence the deposit and withdrawal of funds becomes a very easy affair. The customer support service is available in English and the native language Turkish and the reviews shows that the service is excellent and the staffs are prompt in their replies. A few cons mentioned in the review is that they do not allow US traders to trade from their account, The currency pairs to trade in is very less and that their website is available only in English. They do not allow hedging and is a concern for many traders. However, they allow scalping and are liked by many. The average rating given to the company by its users is 2.1 out of 5.