According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 500$
- MetaTrader4
- CySEC
Our Evaluation of FXlift
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FXlift is a moderate-risk broker with the TU Overall Score of 5.47 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FXlift clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
FXlift offers fairly advantageous trading conditions. While FXlift's spreads might be comparable to those of top competitors, the platform eliminates other trading costs, making it a compelling option.There are sufficient assets available to create a diversified portfolio, and clients are not restricted in their trading methods and strategies. Regulated leverage allows for substantial capital growth even with a small initial deposit. Clear drawbacks include significant regional restrictions, a lack of educational programs for novice traders, and a lack of up-to-date analytics for professionals. However, technical support is always available, with friendly and knowledgeable specialists.
Brief Look at FXlift
FXlift is a CFD broker that offers access to trading a wide range of assets, including currency pairs, metals, indices, commodities, stocks, and futures. There are over 300 positions available. The leverage available is 1:30. The trading platform is MetaTrader 4, available for both PC and mobile devices. In addition to the demo account, three real accounts, Standard, Gold, and Platinum, are available. Average spreads decrease with increasing account tiers, ranging from 2.1 pips for Standard to 1.5 pips for Platinum. The minimum fixed spread is 0.01 pips. There are no trading fees, and there are no deposit and withdrawal fees either. To start trading, a deposit of at least $500 is required; for a Platinum account, it is $ 2,500. The trade size starts from 0.01 lots. A partnership program is the only passive income offered by the broker, while copy trading and PAMM/MAM accounts are not available. No educational materials or significant trading tools are provided. Technical support is available 24/5 via email and phone.
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- The broker offers a wide range of assets across six categories and optimal leverage, allowing the use of any trading strategy.
- Three account types with different parameters are available, allowing each client to find the most comfortable option.
- The broker has competitive average spreads and no trading or withdrawal fees, resulting in low trader costs.
- The MT4 trading platform is a time-tested solution easily customizable with free plugins.
- Funds are promptly deposited and withdrawn using various popular methods.
- A beneficial partnership program is available to both private and corporate clients.
- The broker is officially registered and regulated as FXlift works with several reputable liquidity providers.
- The broker offers only CFDs.
- The broker doesn’t offer popular passive income solutions like copy trading and joint accounts.
- There are no educational materials and only the economic calendar is available among analytical tools.
TU Expert Advice
Financial expert and analyst at Traders Union
FXlift is a trading brand of Notesco Financial Services Ltd. Registered in Cyprus, it operates under the regulation of CySEC (The Cyprus Securities and Exchange Commission), with license number 125/10. The broker is known for its client-oriented approach and transparent cooperation, which has resulted in predominantly positive reviews from traders. The trading conditions offered by the broker are considered advantageous. The average spreads range from 1.5, 1.7, to 2.1 pips, depending on the account. There are no trading fees, and there are no fees for deposits/withdrawals. Traders are provided with a comfortable start thanks to the availability of demo accounts and the ability to open live accounts with trades starting from 0.01 lots. The base currencies are USD, EUR, and Czech koruna. The deposit starts from $500 or $2,500, equivalent in EUR and korunas. While the minimum deposit is not the lowest, it's important to remember that achieving significant results often requires a larger starting capital. The platform offers 6 asset types, including CFDs on currency pairs, metals, indices, commodities, stocks, and futures. Currency pairs are mostly present, but other financial instruments are also available in significant quantities. Traders use MetaTrader 4 for trading, a popular platform with extensive functionality that is easy to learn and customize. The leverage is optimal, up to 1:30, allowing for more substantial profits with a moderate increase in trading risks.
The broker's drawbacks include the lack of education and comprehensive analytical tools like Trading Central. Traders cannot earn passively since there is no copy trading or any type of joint account. However, there is a lucrative partnership program, and partnership support is available on weekdays. Based on all of the above, FXlift is recommended for consideration.
FXlift Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. FXlift Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MetaTrader 4 |
|---|---|
| 📊 Accounts: | Standard, Gold, Platinum |
| 💰 Account currency: | USD, EUR, CZK |
| 💵 Deposit / Withdrawal: | Bank transfers, Visa and Mastercard cards, Skrill, Neteller transfer systems |
| 🚀 Minimum deposit: | $500 |
| ⚖️ Leverage: | Up to 1:30 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,8 pips |
| 🔧 Instruments: | CFDs on currency pairs, stocks, indices, metals, commodities, futures |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market Execution |
| ⭐ Trading features: | Free demo account and three live accounts, relatively high minimum deposit, broker’s asset pool consists of CFDs only, acceptable fees, optimal leverage, MetaTrader 4 platform used, and there are no restrictions on trading strategies |
| 🎁 Contests and bonuses: | Available (rebates from TU) |
FXlift offers Standard, Gold, and Platinum accounts. The first two require a deposit of a$500, while for Platinum, a minimum of $2,500 is required to start trading. These figures are quite acceptable, but it is worth noting that many competitors set a lower entry threshold of $50, $100, or $200. Leverage is up to 1:30 for all account types, with the maximum available for currency pairs. It can be adjusted or even disabled altogether, depending on the trader's strategy and risk tolerance. Technical support operates 24/7, but only through phone and email, the two most popular communication channels.
FXlift Key Parameters Evaluation
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Trading Account Opening
This section provides a detailed description of all the steps leading up to starting your trading journey with FXlift, from registration and verification to opening an account and depositing funds. This will eliminate any questions you may have during the process. Experts at TU will also introduce you to the key features of FXlift’s user account.
Go to the official broker's website. In the top right corner, select your preferred language, either English or Czech. Click on "Open an account" or "Open live account.»
Provide your email, first and last name, country of residence, as well as landline and mobile phone numbers. Complete the captcha and accept the broker's privacy policy. Click "Next step».
Provide your date of birth, nationality, and gender. Fill in the fields with your full address and postal code, and indicate whether you hold U.S. citizenship.
Tell the broker about your experience, knowledge, and income. Indicate the amount you plan to use for trading in the near future, along with other details.
To set up your account, choose your account type, currency, and leverage. Create a strong password and enter it twice. Then, click "Next Step".
To complete the verification process, please confirm your data by providing scans or photos of your passport or identity card. Additionally, you'll need to confirm your residential address; recent utility bills, bank statements, or credit card statements can be used for this purpose. Click “Next step.”
Log in to your user account using the login, which is your email provided earlier, and password.
Go to the "Deposit Funds" section and deposit money into your account using the most convenient method.
Download the MT4 platform from the "Trading Platform" section on the website, and select the version that suits you: PC, mobile, or browser. Install it, enter your registration details, and start trading.
Your FXlift user account also provides access to:
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My Account. This one provides d an overview of your account and transaction history. You can also register another account and make internal transfers;
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My Profile. In this section, traders can provide scans or photos of documents for verification and change their password;
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My Trading Profile. This section allows you to change leverage and view the partnership program statistics, including the number of referrals and your income from them;
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Deposit Funds. This section allows to transfer the funds to the account balance by using the available method in the trader's region;
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Withdraw Funds. This section allows profit withdrawal using a bank transfer or a card.
Regulation and safety
FXlift has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Not tier-1 regulated
FXlift Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
FXlift is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker FXlift have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FXlift with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FXlift’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FXlift Standard spreads
| FXlift | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,4 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,1 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,3 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FXlift RAW/ECN spreads
| FXlift | Pepperstone | OANDA | |
| Commission ($ per lot) | 0,0 | 3 | 3,5 |
| EUR/USD avg spread | 0,8 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,9 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FXlift. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FXlift Non-Trading Fees
| FXlift | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
FXlift offers three real accounts: Standard, Gold, and Platinum. Accounts differ in spreads and base currencies. Platinum accounts boast the most advantageous conditions for main fees but also require a higher minimum deposit. Standard and Gold accounts share the same minimum deposit requirement, but Gold offers slightly lower spreads. However, the Standard account is the only one that allows deposits in euros and czech korunas without conversion fees. In most cases, the choice of trading platform is a relevant consideration. However, this isn't the case with FXlift. The broker exclusively offers MetaTrader 4, a platform rightfully considered one of the most popular choices. While FXlift doesn't provide additional platforms for learning or conducting comprehensive market analysis before live trading, this functionality can be found elsewhere.
Account Types:
When starting to work with a new broker, it is logical to test its capabilities on a demo account. This will allow you to understand how comfortable you are with the proposed conditions and experiment with strategies. Then, if everything suits you, you must decide which live account to open. Here, it is worth considering your trading priorities and available budget.
Deposit and withdrawal
FXlift received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FXlift provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- BTC available as a base account currency
- Bank card deposits and withdrawals
- No deposit fee
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
- Only major base currencies available
What are FXlift deposit and withdrawal options?
FXlift provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC.
FXlift Deposit and Withdrawal Methods vs Competitors
| FXlift | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are FXlift base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FXlift supports the following base account currencies:
What are FXlift's minimum deposit and withdrawal amounts?
The minimum deposit on FXlift is $500, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXlift’s support team.
Markets and tradable assets
FXlift offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 80 Forex pairs.
- Copy trading platform
- Indices trading
- Commodity futures are available
- Bonds not available
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by FXlift with its competitors, making it easier for you to find the perfect fit.
| FXlift | Plus500 | Pepperstone | |
| Currency pairs | 80 | 60 | 90 |
| Total tradable assets | 300 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products FXlift offers for beginner traders and investors who prefer not to engage in active trading.
| FXlift | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | Yes | No | Yes |
| Managed accounts | Yes | No | No |
Customer support
Which currency pairs are offered as CFDs? What is the swap rate when trading stocks? Are there plans to introduce other platforms besides MT4? Often, questions arise from inattention or lack of expertise. Sometimes, important information is indeed missing from the company's website. Non-trivial trading situations cannot be avoided even when trading on a trusted platform. Whatever happens, or whatever moment interests the trader, FXlift support is ready to assist and advise. Support operates 24/5 and is available by phone and email.
Advantages
- There are two main communication channels
- 24- hour support on weekdays
- Prompt response and consistently competent answers
Disadvantages
- On weekends, the broker's clients are left to deal with their problems alone
- There is no live chat
The broker provides the following communication channels:
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Phone;
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Email.
For the fastest response, contact the broker by phone. Emails are typically answered within 12 hours, but only during the support team's working hours.
Contacts
| Registration address | 2 Iapetou Street, Agios Athanasios, 4101 Limassol, Cyprus |
|---|---|
| Regulation | CySEC |
| Official site | https://www.fxlift.eu/ |
| Contacts |
+357 25054210, +357 25054215
|
Education
Both experienced traders and beginners are interested in broker services. Many platforms offer education to newcomers, often implying FAQs, a collection of articles, and possibly video guides. Comprehensive offerings are rare. FXlift completely lacks educational resources. FXlift, however, focuses on creating optimal conditions for trading on the global financial markets, and in this regard, there are no complaints about FXlift.
Inexperienced traders should certainly avoid diving headfirst into live trading. It's essential first to learn the fundamentals through other educational resources, thankfully, there are many of them available. Only then should they begin practicing their skills, constantly reinforcing and expanding their knowledge as they go.
Comparison of FXlift with other Brokers
| FXlift | Eightcap | XM Group | RoboForex | Markets4you | InstaForex | |
| Trading platform |
MetaTrader4 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MobileTrading, MT5 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $500 | $100 | $5 | $10 | No | $1 |
| Leverage |
From 1:1 to 1:30 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:10 to 1:4000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.1 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 20% | 30% / 10% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | Yes | Yes |
Detailed Review of FXlift
FXlift has established itself as a reliable partner, providing thousands of traders with seamless access to global financial markets. It emphasizes professionalism, quality of services, and systematic development through investment in technological progress. Thanks to several first-tier liquidity providers, high-speed order execution in milliseconds
and virtually no slippage are achieved. Virtual dedicated servers ensure 24-hour trading, including automated trading using trading advisors. SSL protocols and authentication tokens are used to ensure the safety of trader funds and data. Negative balance protection and segregated client accounts at top-tier banks further enhance security. Another important point is that the company is an Investor Compensation Fund (ICF) member.
FXlift by the numbers:
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The minimum deposit is $500;
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There are over 300 financial instruments;
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The minimum spread is 0.01 pips;
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The maximum leverage is 1:30;
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There are 3 base account currencies.
FXlift is a CFD broker with optimal trading conditions.
The greater the variety of assets a broker offers, the more flexibility traders have. Traders can use any strategies and methods, creating diversified portfolios where the negative dynamics of one position can balanced by gains in others. Understanding this, FXlift provides a wide range of trading instruments, which is important because they are diverse. CFDs on currency pairs, metals, indices, commodities, stocks, and futures, totaling more than 300 assets, allow traders to form their preferred set for trading. In addition, the broker does not restrict its clients. Scalping, hedging, algorithmic trading, and news trading are allowed. Freedom of action is backed by ultra-fast execution of orders. This is partially facilitated by the MetaTrader 4 trading platform, a practical, multifunctional solution for working on both PC and mobile devices. Finally, the leverage offered ensures high-profit potential even with limited investments.
FXlift’s analytical services:
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Partnership program. Traders looking for additional income opportunities can participate. The conditions are quite favorable, and the marketing materials provided can ensure high conversion rates;
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Economic calendar. A standard but no less important tool for fundamental analysis. Clients are offered significant events from the world of politics and economics. For each event, the affected asset, the degree of impact on its positions, and the forecast of quotes are indicated;
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Current exchange rates. This is a page where the broker's clients can familiarize themselves with the current buying and selling prices for popular currency pairs and pairs involving cryptocurrencies.
Advantages:
Traders are provided with favorable trading conditions. The average spread ranges from 1.5 to 2.1 pips, there are no trading fees, and deposits and withdrawals do not incur any broker fees;
The platform already offers a significant number of diverse CFDs, totaling over 300 from 6 categories. But it does not intend to stop there. New positions are introduced monthly in response to client requests and market demand;
The leverage of up to 1:30 and the ability to execute trades of almost any volume, minimum 0.01 lots, maximum not set, allow users to approach the trading process variably;
The MetaTrader 4 platform offers a wide range of advantages, including ease of use, intuitive interface, extensive functionality, multilingual support, significant security, and the prospect for traders to customize this solution to their tasks and trading priorities;
FXlift's technical support is highly responsive. On weekdays, expert consultations are available 24 hours a day by phone and email.
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