LidyaTrade Review 2022
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| LidyaTrade is an unregulated forex and CFD brokerage providing a wide range of assets and services, including the MT5 platform, though some information on the firm's website is unsubstantiated. | ||
LidyaTrade is broker that gives traders access to CFD, Forex, Cryptocurrency, Stocks, Futures and Options. Interestingly, LidyaTrade supports the MetaTrader5 trading platform, but not the hugely popular MetaTrader4 predecessor at this point.
In terms of features offered to traders, LidyaTrade has Demo Accounts and Islamic Accounts but is missing Social Trading, Signals and Auto Trading.
LidyaTrade also gives traders access to 2 cryptocurrencies: BTC and ETH.
Please note that LidyaTrade is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.
LidyaTrade Summary
LidyaTrade is an unregulated forex and CFD brokerage providing a wide range of assets and services, including the MT5 platform, though some information on the firm's website is unsubstantiated.
Ratings
| Bonus | None |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks, Futures, Options |
| Demo Account | ✓ |
| Min. Deposit | $300 |
| Min. Trade | 0.01 lots |
| Regulated By | |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✓ |
| Mobile Apps | iOS & Android |
| Auto Trading | ✗ |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
LidyaTrade boasts 1,200 CFD instruments, covering forex, crypto, commodities, US stocks and indices.
| Leverage | 1:200 |
|---|---|
| FTSE Spread | From 0.7 pips |
| GBPUSD Spread | From 0.7 pips |
| Oil Spread | From 0.7 pips |
| Stocks Spread | From 0.7 pips |
Forex Trading
Clients of LidyaTrade can speculate on all the majors, most of the minors and even exotic currency pairs using MT5.
| GBPUSD Spread | From 0.7 pips |
|---|---|
| EURUSD Spread | From 0.7 pips |
| EURGBP Spread | From 0.7 pips |
| Assets | 10+ |
Cryptocurrency Trading
LidyaTrader claims to offer cryptocurrency trading and investing for the most popular tokens, including Bitcoin & Ethereum.
| Spread | Variable |
|---|---|
| Coins | BTC, ETH |
Payment Methods
LidyaTrade accepts the following payment methods:
- Wire Transfer
- Credit Card
- Debit Card
- Visa
- Mastercard
- Webmoney
- Perfect Money
- Bitcoin Payments
FAQ
Is LidyaTrade Safe?
In our review we gave LidyaTrade a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that LidyaTrade is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does LidyaTrade Accept PayPal?
No, LidyaTrade does not accept PayPal payments.
Is LidyaTrade Halal?
Yes, LidyaTrade does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does LidyaTrade support?
LidyaTrade only supports the MetaTrader 5 trading platform at this time.
Is LidyaTrade Regulated in the UK?
No, LidyaTrade is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is LidyaTrade Regulated?
No, unfortunately LidyaTrade is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.
LidyaTrade vs Other Brokers
If you want to compare LidyaTrade with other brokers, use the detailed comparisons below.
LidyaTrade vs |
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| LidyaTrade is an unregulated forex and CFD brokerage providing a wide range of assets and services, including the MT5 platform, though some information on the firm's website is unsubstantiated. | ||