Is LionsFM a scam or legit broker? No, it is not safe to trade with LionsFM, as it is an offshore company. LionsFM is owned and operated by EQUAL TARGET LTD. company with number 101932, incorporated in the Republic Of The Marshall Islands.
Is lionsfm safe to trade with?
· Lions of Forex is the most complete Foreign Exchange & Millionaire Mentorship educational suite available to individuals from around the world. It offers financial mentorship and education on trading in the global markets, as well as in-depth Millionaire Mindset training to expand our members minds..
Is lionsfm a scam or legit broker?
Business ProfileforLions of Forex LLC. Trade Exchange. Business Profile. Lions of Forex LLC. 888 Biscayne Blvd. Miami, FL 33132-1550. (772) 453-0508. At-a-glance.
Are there any new Forex scams?
· No, it is not safe to trade with LionsFM, as it is an offshore company. LionsFM is owned and operated by EQUAL TARGET LTD. company with number 101932, incorporated in the Republic Of The Marshall Islands. In fact, Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to …
What is the lionsfm trading platform?
· LionsFX offers t he above account types, as well as a s wap-free (Islamic) and a VIP one.A ll accounts are commission-free and provide high leverage levels.. In addition, this broker offers managed accounts (PAMM).LionsFX Advanatges: – Many instruments available for trade. Clients of LionsFX can trade in a number of forex pairs, as well as CFDs on …
Do Lions of Forex have a trading methodology?
The Lions Of Forex team do not provide any detail about their trading methodology. This is something they should certainly add to their website, as just about every Forex trader in the market, always wants to know what type of strategy is being used to determine the trading opportunities.
How many pips does Lions of Forex have?
Lions Of Forex is a Forex signal service, promising a 90% win rate, and an average of over 2000 pips per month. The membership program also comes with Forex training, mentorship and educational resources to help traders take control of their finances by joining “exclusive inner circle for Forex traders.”
Who is Patrick from Forex?
Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He’s eager to help traders achieve their investment goals, whether they are short or long-term. Patrick’s penned thousands of reviews, and is always available to discuss trading with anyone who’s interested.
Does LionsFX support MT4?
While most brokers using the XOH Trader platforms also support the MetaTrader 4, LionsFX does not offer it. MT4 is highly praised for its great charting package, Expert Advisors (automated strategies), technical analysis indicators and customization options,
What is leverage ratio for LionsFX?
As we have mentioned in the beginning, LionsFX offers high leverage ratios, reaching 1:1000. Brokers use leverage to help traders increase their purchasing power. Yet, this also means increased risk of losses, so be careful.
Strategy
There is no clear information on the strategy behind the Lion FX Trader. However, judging by its recent trading, we can clearly state some sort of grid is involved. The system does not enter the market constantly, but when it does, it averages down i.e. reenters if price moves against it. Here is a snapshot of some of its recent trades:
Historical Performance
The historical performance of the Lion FX Trader is being tracked at MyFxBook. The system is run by the developers on a verified account, with Forex4you. The system has gained 678.2% over about a year and a half, but this is not the most impressive thing about the performance. Take a look at the chart:
Pricing
The developers behind the Lion FX Trader have chosen the license model of funding. The current price of this EA is $137 for three licenses and $157 for five. These allow lifetime trading, but are connected to a single MetaTrader 4 account each.
Bottom line
The Lion FX Trader has had an interesting run. While the system has made a lot of gains, it has lost back most of them. It uses some sort of grid based strategy to manage losing positions and this is the result. The average pips/trade score of this system is too low, as a result of the massive losses.
Is forex a scam?
A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you sleep, earn vast wealth. Today, the new terminology is “robot” because the process is fully automated with computers.
Is forex trading a scam?
A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you sleep, earn vast wealth. Today, the new terminology is “robot” because the process is fully automated with computers. Either way, many of these systems have never been submitted for formal review or tested by an independent source.
Why is forex robot called robot?
Today, the new terminology is “robot” because the process is fully automated with computers. Either way, many of these systems have never been submitted for formal review or tested by an independent source. Examination of a forex robot must include the testing of a trading system’s parameters and optimization codes.
What does it mean when a forex broker is commingling funds?
If the forex broker is commingling funds or limiting customer withdrawals, it could be an indicator that something fishy is going on.
