LatitudeFX Review Forex Broker & Trading Markets, Legit or a Scam

Is LatitudeFX Legit?

LatitudeFX is currently unregulated and operates outside the bounds of the law. In addition, Query information shows that its official website registration time is 2022.

But in 2020, the broker was publicly disclosed by the FCA because of copying the details of an authorized company to commit fraud.

Trading Instruments

LatitudeFX trades a variety of different instruments, including 25 Forex pairs, commodities, indices, precious metals, energy, and more.

Account Types

LatitudeFX does not provide any information regarding the account types, which makes it difficult to choose the perfect account that suits the needs of different traders.

Fees and Spreads

The platform claims to offer fixed spreads, with major currency pairs starting at 0.5 pips. The free commission is not supported.

Conclusion

LatitudeFX as an online trading platform is not a reliable broker. It does not offer detailed information regarding the market sentiment and trading process.

Overall, the platform is unregulated and unsecured for investors.

FAQs

Is LatitudeFX a regulated broker?

No, LatitudeFX is unregulated and has been flagged by the FCA for security concerns.

When was LatitudeFX founded?

LatitudeFX was founded in 2017, though its website registration date shows 2022.

What types of accounts are available on LatitudeFX?

LatitudeFX offers three account types: Starter Account, ProTrader Account, and Elite Account.

What leverage does LatitudeFX offer?

LatitudeFX offers leverage of up to 1:500, depending on the account type.

What financial instruments can I trade on LatitudeFX?

You can trade 25 Forex pairs, commodities, indices, precious metals, energy, and more.

Why did the FCA flag LatitudeFX?

The FCA disclosed that LatitudeFX copied details of an authorized company to commit fraud, raising security concerns.