LiderForex Review

MIN. DEPOSIT 100 CCY
Up to 200:1
Welcome BONUS
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Overview

Company Information Lider Forex is a ten years old forex brokerage provider started by a group of financial experts in the industry. Back in 2006, the company appeared on the… more

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Details

BrokerLiderForex
Website URLhttps://www.liderforex.com/en/
HeadquartersLondon, United Kingdom
Support Number+44 20 37691981
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Azerbaijani
Minimum 1st Deposit100 CCY
BonusWelcome
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Deposit MethodsVisa, MasterCard, Neteller, Skrill, Wire Transfer. WebMoney
Withdrawal MethodsVisa, MasterCard, Neteller, Skrill, Wire Transfer. WebMoney
Types of AssetsForex, Gold, Oil, Commodities, Indices, CFDs
Account CurrencyUSD, EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Lider Forex is a ten years old forex brokerage provider started by a group of financial experts in the industry. Back in 2006, the company appeared on the international market for the first time. Lider Forex is a Turkish offshore enterprise, which means that the entity it’s not regulated in the Europe and the US. In fact, citizens of the United States are not allowed to trade with the broker due to law regulations. As a financial service provider which play on the global stage, Lider Forex offers excellent assistance to its clients and some of the best technologically advanced solutions in the branch. Nowadays, the international online broker has employed a cooperation agreement with another company to expand its operations even further. Lider Forex partners with ForTrade Trading Services and Platforms, which is a fully authorized and regulated by the FCA (Financial Conduct Authority). Its registration number is as follows: 609970. Despite the affiliated relationships, this is still an excellent choice for both professionals and beginners to the financial trading. Novices will be satisfied to learn that they can take advantage of a massive database of educational materials, technical analysis, economic news and much more helpful stuff.

Trading Information

The Turkish broker has a broad range of financial instruments, services and many other surprises for its clients. The Forex currency pairs available are more than 15 including majors and exotic ones. CFDs on metals, commodities and indices are also presented with some excellent trading conditions. One of the best things about trading with Lider Forex is the absence of any extra charges and hidden commissions on almost anything – from trades to deposits and margin calls. The leverage can go up to 1:200 on most instruments and the spreads are fixed. Unfortunately, hedging is not allowed with Lider Forex. However, traders will be able to use scalping tactics to increase their profit. The international broker also provides ECN trading conditions for those who prefer to use this option. It’s separate from the usual offering and spreads may be changed in times of high fluctuations. Different trading accounts are not available at this point, except for the Islamic account, which can be requested by a newly registered user.

 

Trading Platforms

Lider Forex undoubtedly provides the most popular trading platform in the world of Forex – MetaTrader 4. The well-designed software is available for download directly from the broker’s website and can be used with a demo account. For those who are not familiar with the trading platform, it’s probably the best solution for traders. Beginners may be overwhelmed at first, but the intuitive interface is good enough to make them comfortable in their trades in just a few days. MT4 is quite powerful, and it’s equipped with tons of indicators, scripts and other tools to aid the clients of Lider Forex. The software is also adapted for web trading and can be launched in almost any browser across many devices.

 

The Turkish broker offers another good trading platform as an alternative to MT4. It’s called Sirix Web Trader, and it’s a web-based solution for traders who like to place their order on the go. It requires no installation and has all the basic functionality to provide smooth and decent trading experience.

 

Security and Customer Services

As we all know, an adequate protection is a must for every reputable broker. Lider Forex is surely not an exception to that rule. The security is ensured by a strong SSL encryption issued and certified by Comodo CA Ltd. Apart from the website’s protection, the Turkish broker employs other measures to ensure an extra peace of mind for its clients. All of the companies funds are separated from the customers’ investments. Any sensitive data is well guarded on servers located in top SAS 70 data centers with very high security.

 

Traders can expect an exceptional customer support services by polite and professional representatives of Lider Forex. There are six languages supported, and clients can get in touch with the broker easily by phone, email or live chatting system on the website. There is also a huge selection of FAQs that cover most of the inquiries.

 

Deposits and Withdraws

When it comes to money transactions, Lider Forex does not provide many choices. Deposits are processed through bank transfers, e-wallets, and cards. The total options available are six, and you can easily review them in the table. All deposits are made in EUR or USD without any charges from the broker. However, banking fees and taxes may still apply. There is a minimum required investment of $100.

 

Withdrawals, on the other hand, are only approved after an official form is filled. It should be downloaded from the website of Lider Forex and submitted by fax. The whole procedure will take up to 5 days after the request is received. Again, there are no fees from the broker’s side.

 

Deposit Bonuses and Loyalty Program

And here comes the sweetest part of all – the bonuses! There are many surprises hold by the Turkish company, but let’s start with the Welcome Bonus. New clients can earn up to 50% on their initial investment by depositing more than 100$. The lowest bonus percent is 30%, which is awarded to deposits of $500 or less. Between $500 and $2500, the newly registered trader gets 40%. From $2500 to $10 000, the Welcome Bonus reaches its limit of 50%. If a client decided to invest more than $10 000, Lider Forex applies exclusive bonus conditions.
The broker has many other unique programs.“Refer a friend” is one of them and any client can win up to $150 for each referred friend. There is also a free $50 bonus for new traders on the Stock Exchange, as well as other balance bonuses based on extra funding.

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