General Information & Regulation
FXlift, a trading name of Notesco Limited, is allegedly a forex and CFD broker registered in Bermuda with registration number 51491 that claims to provide its clients with over 300 tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 1.7 pips on the MT4 trading platforms, as well as a choice of three different live account types and 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that FXlift has clone licenses. That is why its regulatory status on WikiFX is listed as “Clone” and it receives a relatively low score of 1.44/10. Please be aware of the risk.
Market Instruments
FXlift advertises that it offers access to more than 300 trading instruments from 6 asset classes, covering forex, spot metals, CFDs on stocks and futures, spot indices and commodities.
Account Types
Apart from free demo accounts, FXlift claims to offer three types of live trading accounts, namely Standard, Gold and STP/ECN No Commission. However, the broker reveals nothing about the minimum initial deposit requirement to open an account.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard and Gold accounts can enjoy the maximum leverage of 1:1,000, while the STP/ECN No Commission account holders can experience leverage of 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
FXlift claims to offer different spreads for different account types. Specifically, the average spread is 2.1 pips, 1.7 pips and 1.8 pips separately on the Standard, Gold and STP/ECN No Commission accounts. As for commissions, all charging no commissions.
Trading Platform Available
Platforms available for trading at FXlift are MT4 for PC, MT4 for MAC, MT4 iOS Trader for iPhone/iPad, MT4 Android Trader for Smartphone/Tablet, MT4 WebTrader and PMAM. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
FXlift says to accept deposits via credit/debit cards, Bank Wire, Neteller, Skrill and China Union. The maximum transaction amount is CNY 360,000 per transaction for China Union, while $5,000 per transaction for other methods. All deposits and withdrawals are said to be free. Deposits can take up to 24 hours to be processed depending on the method used, while Bank Wire transfers can take up to 3 working days depending on the bank.
Customer Support
FXlifts customer support can be reached by telephone: +35725054210, email: support@fxlift.com. Registered address: Clovelly, 36 Victoria Street, Hamilton HM 12, Bermuda.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
2023-02-22 10:42
