What is FXlift?
FXlift is one broker (an online broker) based in Bermuda. It offers a wide selection of multi-asset trading servicesincluding trading with forexof rare metalsoftrackof raw material and off cryptocurrencies.
To meet the needs of as many traders and investors as possible, FXlift offers three different account types : the account standardthe account Gold and the account Platinum.
Each of these accounts has different features and requirements that will suit beginners as well as experts.
FXlift user MetaTrader 4 trading platform, one of the most widely used trading platforms in the world. It is compatible with hundreds of thousands ofindicatorsor suppliers of trading signals.
What are the FXlift features and services?
FXlift offers the basic functions of an online broker. Find some of the most important services at FXlift.
Account types
Trading accounts: As the flagship service on the platform, FXlift offers three types of trading accounts to meet users’ different needs: Standard Account, Gold Account and Platinum Account. It is also possible to open a Demo account.
Demo account : it is familiar to novice or cautious traders. On FXlift, it is possible to open a demo account to get your hands on the platform before you start real trading.
Standard account : this is the basic account offered by FXlift. It is ideal for beginners and offers spreads from 1.6 pips. The minimum deposit for this account is $100, making it accessible to a wide range of traders. The account also offers leverage right from the start up to 1:1000which can increase the profit potential, but also the risk.
Gold account : it is a notch above the Standard account. It offers narrower spreadsfrom 0.7 pipswhich can help maximize profit. The minimum deposit for this account is $5,000which makes it more suitable for experienced traders and so is the leverage 1:1000.
Platinum account : The premium account offered by FXlift. He offers best spreadsfrom 0 pips, which goes a long way in maximizing profits. The minimum deposit for this account is $20,000which makes it more suitable for professional traders and to institutional investors. The leverage effect is also 1:1000.
MT4 trading platform
FXlift uses the trading platform MetaTrader 4which is widely recognized for its reliability, ease of use and range oftrading and analysis tools.
Wide range of trading instruments
It is possible to trade your favorite assets on FXlift, including forex, metals, indices, commodities and cryptocurrencies.
Training and practical tools
FXlift offers a number of educational and practical tools to facilitate users’ decision-making, such as a corporate news feed, a economic calendaror the live course.
I’open an account on FXlift follows the same steps as opening a classic account with any broker.
Here are the steps you need to follow:
- Visit the FXlift website: Go to the FXlift website and click the “Open Live Account” or “Open Live Account” button
- Complete the registration form : You must provide basic information such as your name, email address, country of residence and telephone number
- Select the type of account: FXlift offers three types of accounts – Standard, Gold and Platinum. Choose the account type that best suits your trading needs
- Make a deposit: Once you’ve chosen your account type, you’ll need to make a deposit to start trading. Minimum deposit varies by account type (€100 / €5,000 / €20,000)
- Start trading: Once your account has been verified and you’ve made a deposit, you can start trading
Deposits and withdrawals on FXlift
FXlift offers several options for deposit and withdraw money.
You can use credit/debit card, of Bank transfersand purse as Skrill and Neteller.
The minimum deposit amount will be different depending on the payment method and the plan you have chosen (standard, gold, platinum).
What are the FXlift fees?
FXlift offer decent fee among all brokers. Fees vary by account type and trading instrument.
Here is an overview of the fees for each type of account:
| Account type | Dispersion | Commission |
|---|---|---|
| Standard | From 1.6 pips | None |
| Gold | From 1.2 pips | None |
| Platinum | From 0.6 pips | None |
These fees may of course vary depending on the trading instrument and market conditions.
Our opinion on FXlift
Despite some bad ads what FXlift may have had, the platform appears to be reliable. Its great differentiating strength lies in its account offer divided into 3 intervalsdepending on the profile of the trader or investor.
OUR FXlift review is therefore positive and the broker offers a complete service to traders with attractive fees.
Reliability of FXlift: regulation
FXlift is categorized on some sites ashoax or fraudulent site. We often find reliable platforms in these lists: Why ?
THAT standards and regulations are sometimes different from one broker to another. In the case of FXlift, it does not last no registration with AMF and their position unclear about their European standardall this was enough for some platforms to bring in FXlift the field of the forces of evil.
However, FXlift is a broker regulated by regulation CySECdo it indeed a platform subject to strict standards investor protection and financial transparency.
What is the CySEC Regulation?
There CySEC, Or Cyprus Securities and Exchange Commission, is the financial supervisory body of the Republic of Cyprus. It is responsible for supervising and regulating investment companies and brokers based in the territory of Cyprus.
CySEC is especially known in the business world online as many Forex and CFD brokers are based in Cyprus and are therefore regulated by this body.
Of course, it is always important to exercise caution when it comes to financing and to do your own research before choosing a broker or exchange.
Advantages and disadvantages of FXlift
Like any platform, FXlift has its advantages and disadvantages. Here are some of the most important strengths and weaknesses that we were able to identify:
Advantages: the positive
- Wide range of trading instruments
- Robust trading platform
- Regulated by CySEC
- Various offers adapted to the profiles of traders
Cons: the negatives
- Fees can be high for some trading instruments
- Minimum deposits may be high for certain types of accounts
- Some legislative aspects are still unclear
The choice of broker depends on your specific needs as a trader. The fact that FXlift offers 3 tiers of accounts will make it easier for you to find the shoe that suits you.
The trading platform is provided by MetaTrader 4which certainly makes it robust and complete.
As always, do your own research and make sure you fully understand the risks involved in trading before you commit.
