FXlift

FXlift is an online forex and CFD broker that started operations in March 2019. The company is legally registered as Notesco (BVI) Limited, with a registered address in Road Town, Tortola, British Virgin Islands. While the broker originally claimed to be based in Bermuda, regulatory filings indicate its primary registration in the British Virgin Islands.

The broker presents itself as a provider of flexible trading conditions with high leverage and tight spreads, aiming to cater to both retail and experienced traders.

FXlift holds multiple licenses from regulatory authorities, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the United Kingdom, and the Financial Services Commission (FSC) in the British Virgin Islands. However, the status of these licenses is not clearly indicated, and traders should verify the current validity directly with the regulators.

The broker's registration with the FSC in the BVI (license number SIBA/L/24/1175) is notable as the BVI is a common jurisdiction for forex brokers, though it offers less investor protection compared to top-tier regulators like the FCA.

FXlift offers three live account types: STP/ECN No Commission, Gold, and Standard. The STP/ECN No Commission account features variable spreads from 1.8 pips and no commission, with maximum leverage of 1:200. The Gold account offers spreads from 1.7 pips and leverage up to 1:1000, while the Standard account has spreads from 2.1 pips and leverage up to 1:1000. All accounts are commission-free.

The broker does not disclose minimum deposit requirements for any account type, which may be a consideration for traders planning their initial investment.

The broker provides the MetaTrader 4 (MT4) platform, a widely recognized trading software known for its advanced charting tools, technical indicators, and automated trading capabilities. FXlift claims to offer over 300 tradable instruments, including forex, CFDs, and other assets, although specific details on available instruments are not provided.

The platform is available on desktop, web, and mobile devices, giving traders flexibility in how they access the markets.

FXlift does not disclose its deposit or withdrawal methods in the provided data. User reviews indicate that some traders have faced difficulties withdrawing funds, with complaints about delays and refusals. Given the lack of transparency regarding payment methods, traders should exercise caution and seek clarification from the broker before funding an account.

FXlift appears to target traders who are comfortable with high leverage (up to 1:1000) and variable spreads. The availability of commission-free accounts and flexible leverage options may appeal to both novice and experienced traders. However, the serious withdrawal complaints and high scam risk score suggest that the broker may not be suitable for risk-averse traders or those prioritizing fund security.