Lider Forex website is owned by the UK forex company Fortrade and Lider Forex is in cooperation for the promotion of Fortrade services and platforms. Fortrade is authorized and regulated in the UK by the Financial Conduct Authority (FCA). The main goal of Lider Forex is the clients in Azerbaijan. Customers can trade currency pairs, commodities, indices and shares with leverage up to 1:200. The company claims there are no additional fees and clients pay the spread only.


Because Lider Forex is part of the Fortrade, customers will deal with the regulated brokerage company. Fortrade Limited is authorized and regulated in the UK by the Financial Conduct Authority (FCA) under reference number 609970. It is an independent non-government body that provides full information for firms, consumers and others about their objectives, plans, policies, and rules. As an FCA regulated broker, Fortrade is committed to providing transparency.

Account Types

There is only one type of live account, so trading conditions are equal for all categories of traders. Each client receives a personal account manager, daily market analysis, fixed spreads, free forex book and different types of bonuses. The minimum deposit amount is EUR100 and the average spread for the major currency pairs is around 3 pips, fixed.

You can also open a demo account where you can trade risk free because the money is virtual. The demo account offers access to all the same features as the real one and is funded by EUR100,000. You can try your strategies here before implementing them into the real account.

Market Maker or STP Broker?

The legal section of the website refers directly to the conditions of Fortrade. The Order execution policy shows that Fortrade is a counterparty of each customer transaction, which means the company acts as a market maker. In other words, Fortrade is not required to transmit any of the client’s positions to its liquidity providers and the company decides whether to hedge any position. Market makers make money from customer losses and they are interested in such situations to happen. However, you can rely on its strict FCA regulation that there will not be dirty tricks.

The risk disclosure unveils that placing a stop-loss order will not necessarily limit client losses to the intended amounts because market conditions may make it impossible to execute such an order at the requested price. That means slippage exists and the stop loss orders are not guaranteed.

There is a warning that trading contracts for difference (CFDs) and other leveraged products carries a high level of risk to your capital as prices may move rapidly against you. Losses can exceed your deposits and you may be required to make further payments. In other words, there is no negative balance protection and at the end you will owe money to this brokerage company.


Lider Forex claims that it will not take any commissions nor any additional costs to you. Unfortunately, most sections of the website were broken and we were unable to check for any deposit and withdrawal fees.

Deposits and Withdrawals

Since most sections of the website were broken, we were unable to verify the terms and conditions for depositing and withdrawing funds.

From the presented icons we judge that the company accepts payments by bank transfer, credit/debit cards, Neteler and Skril.

Trading Platforms

You can trade via one of the most popular trading terminals worldwide – MetaTrader 4 (MT4). It offers a fully sustainable solution for your trading while using technical and fundamental analysis. MT4 helps users predict further price movement depending on the last market changes. It is a highly customizable terminal showing detailed information of financial assets and transactions. There are plenty of personalized technical indicators and charts that will help determine the appropriate strategy for you. The platform is also available as a web-based version that runs on every browser without the need of software installation.

Another web-based terminal, the Sirix platform, is also available for use. The easy to use interface is appropriate for both new traders and experts, offering automated trading as well.


Currency pairs – Nearly 70 popular major, minor, and exotic currency pairs can be traded. The spread for the EUR/USD pair is fixed at 2 pips.

Indices – You can trade 19 of the most popular major and minor indices globally, such as ASX, DJIA, US500, FTSE100, IBEX35 etc. The minimum spread for the DJIA is fixed at 4 points.

Commodities – 20 of the most traded commodities are available such as Gold, Silver, Oil and Brent, as well as agricultural products. The average spread for the Gold is USD0.45.

Shares – more than 200 of most traded global shares such as Apple, Google, Twitter, Eni, Telefonica, BNP Paribas etc. The average spread for the Apple share is USD0.26 and for the Google share is USD1.9.


There is a dedicated educational section on the web page, but it is not available without having a live account. Once you open a real account and fund it, you will get access to the resources – Webinars, Seminars, and e-Books.


Forex Lider is a brokerage firm, part of FCA regulated company Fortrade. Fortrade is a market maker, so the conflict of interest exists. You can trade currency pairs, commodities, indices, and shares through the MT4 terminal, available as a desktop version and as a web-based version. You can deposit by bank wire, debit/credit cards, Neteller and Skrill. We could not say anything about the withdrawals, as this section of the website was broken. Spreads of the most instruments except shares are fixed, but the one for the EUR/USD pair is 2 pips, which is relatively high value.


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