Score
LAVA PRIME
Canada|5-10 years| http://en.lavaprime.com/
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 02038806803
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Broker Information
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LAVA PRIME
LAVA PRIME
Canada
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1: 800 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1: 400 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1: 200 |
| Minimum Deposit | -- |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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LAVA PRIME · Company Summary
General Information
Registered in the United Kingdom, LAVA PRIME is an online forex broker offering a series of forex and CFD trading services through the advanced MT5 trading platform, with the maximum leverage available up to 1:800.
LAVA PRIME is not authorized or regulated by any regulatory authorities, please be aware of the risk involved.
Account Types
LAVA PRIME offers three trading accounts to suit different traders trading needs, namely Mini, Standard, ECN accounts. However, the minimum deposit for each account are not disclosed.
Leverage
Trading leverage varies depending on trading accounts, ranging from 1:200 to 1:800. Problematically, LAVA PRIME permits traders to use leverage of up to 1:800, which is significantly higher than the levels regarded appropriate by many regulators.
As leverage can magnify gains as well as losses, investors are advised choose the proper amount that they feel most at ease.
Trading Platform
LAVA PRIME offers its clients the access to popular MT5 trading platform that can be available for Desktop, Mobile and Web terminals.
Traders can quickly analyze market activity, place trades, and integrate automated systems thanks to this powerful platform's convenient workspace (Expert Advisors). Everything you need to begin trading on the financial markets, including all of the above features, is available in a single, convenient interface.
Customer Support
Traders can reach out to LAVA PRIME about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +44 02038806803
Email: support@lavaprime.com
Negative Reviews
Many forex traders shared their terrible trading experience with LAVA PRIME, saying this broker defraud them by stealing their deposited money and rejecting their withdrawal requests.
Typical forex scams work like this: they get you deposit a lot of money, then manipulate your trading accounts, steal your money and disappear.
Visit WikiFX for more feedback from actual users.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
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