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Lider Forex has a cooperation agreement on promoting Fortrade trading services and platforms. Fortrade Ltd. is authorized and regulated in the UK by the Financial Conduct Authority (FCA) under the reference number of 609970.
Trading conditions
The broker offers access to trading currency pairs, indices, gold, oil, commodities, and CFDs. Lider Forex focuses on traders with different trading experience from beginners to professional investors. Novice traders are offered to start with a demo account where they can conduct risk-free trading but with all the available functions. For those who are ready to trade for real, a standard live account is available. You need a $50 initial deposit to open a live account.
To become more successful in trading, customers can benefit from the education services offered by the company. Well trained and highly professional advisors at Lider Forex provide its clients with all the necessary training and support to ensure a clear understanding of how the forex market works. There is an Education section on the website where you can find webinars, seminars, and e-books. Besides, the broker offers daily market reviews and up-to-date news from the world of Forex.
Trading platforms
With Lider Forex, traders can work with such a well-known trading platform as MetaTrader4. In addition, Sirix Web Trader, ZuluTrade, and MT4 Web are also available for traders.
Customer support
In the Contact section, customers will find email and a phone number. There is also a callback form available. The FAQ section will help you find answers about registering an account and other common issues. The website also features a live chat option.
Deposit and withdrawal of funds
In order to withdraw funds, you need to fill in an online form. According to the rules of the third-party transactions, the same bank account should be used to deposit or withdraw fundsfrom your trading account. All wire transfer commissions should be paid by the customer. It usually takes from 3 to 5 working days to carry out a bank transfer. It may take up to 15 working days to withdraw funds to your credit/debit card.
Traders’ reviews
The majority of reviews about Lider Forex are negative and expose fraudulent actions of the company.
Advantages and disadvantages
Advantages:
- regulated broker
- affordable minimum deposit
- wide range of trading instruments
- demo account available
Disadvantages:
- limited ways of money deposit/withdrawal
- no bonuses
- scarce information on website
- negative reviews and accusation of fraud
Conclusion
At first glance, Lider Forex offers relatively good trading conditions with a wide range of trading instruments, low initial deposit, and advanced trading platforms. However, the company’s website lacks information about its establishment history and owners. Although a relevant regulator is mentioned on the website, many negative reviews on the net indicate that the broker's license number is not subject to verification. So, even this kind of information has to be questioned. Moreover, many traders reveal their negative experience with this company where they faced the draining of accounts, false quotes execution, and difficulty in withdrawing funds. All this undermines trust in the company and damages the broker’s reputation.
