Lovo Trade

General Information

Registered in Saint Vincent and the Grenadines, Lovo Trade is a forex broker providing access to a massive financial market, Currency Pairs, Shares, Crypto, and Indices. With the Lovo Trade platform, investors can get access to four trading accounts: Standard, Gold, Platinum, and ECN, and the maximum trading leverage that can be used is up to 1:200.

Lovo Trade is not authorized or regulated by any regulatory authority. Please be aware of the risk.

Market Instruments

With the Lovo Trade platform, investors can buy and sell crypto coins, currency pairs, index, and gold.

Account Types

There are four types of trading accounts provided to suit varying needs of different traders, namely Standard, Gold, Platinum, and ECN. The minimum deposit for each account is not disclosed, and swap-free account options are available. Some basic account services offered including signal and analysis support, personal investment specialist.

How to open an account with Lovo Trade？

Opening an account with Lovo Trade is an easy and simple process:

1. Click the “Sign Up” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, Lovo Trade allows its clients to use leverage of up to 1:200, higher than the amount regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

Lova Trade provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform is a popular FX trading and analysis platform that provides trading currencies, stocks, precious metals and CFDs on stock indices.

Payment Methods

The minimum deposit to trade with Lovo Trade is $100. This broker allows its clients to make deposits and withdrawals through Bank Transfer, Crypto Money, and E-wallet.

Customer Support

If clients have any trading-related problems or inquiries, they can get in touch with Lova Trade through the following contact channels:

Email: info@lovotrade.com

Registered Company Address: First Floor, First St. Vincent Bank Ltd. Building James Street/ Kingstown.

Or you can also follow this brokerage house on some social media platforms, such as Facebook, Twitter, and Instagram.

Restricted Regions

Lova Trade does not offer trading service to clients from the USA, Canada and Turkey.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.