LION Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX (Score:6.68)

Regulated by
CIMA, MAS

Year(s) of establishment
5-10 years

Trading instruments
10000+ Securities, 100+ Futures, 100+ Forex

Minimum Initial Deposit
Information not available

Maximum Leverage
Information not available

Minimum spread
Information not available

Trading platform
own platform

Deposit and withdrawal method
Information not available

Customer Service
Email, phone number, address, live chat

Fraud Complaints Exposure
Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company’s services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of LION

Pros:

• Wide range of trading instruments including stocks, futures and forex.

• Availability of a proprietary platform accessible on various devices.

• Access to economic calendar and news flash as educational resources.

• Strong customer support available through email and telephone.

• Multiple deposit and withdrawal methods available.

• Regulated by reputable authorities such as MAS and CIMA.

Cons:

• Limited information available about trading costs and account types on their website.

• Unknown maximum leverage offered by the company.

• Limited deposit and withdrawal information available on their website.

• Lack of transparency regarding the company’s history and background.

• Limited availability of educational resources compared to other brokers.

• Limited information on the website regarding trading conditions and platform features.

What type of broker is LION？

Advantages
Disadvantages

LION offers tight spreads and fast execution due to its Market Making model.
As a counterparty to its clients’ trades, LION has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

LION is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, LION acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that LION has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with LION or any other MM broker.

General information and regulation of LION

LION is a forex broker based in the Cayman Islands and is regulated by both the Monetary Authority of Singapore (MAS) and the Cayman Islands Monetary Authority (CIMA). The broker offers a variety of trading instruments, including securities, futures, and forex, through its own platform. However, there is limited information available on the trading costs, account types, and maximum leverage offered. The broker provides customer support through email and phone, and offers educational resources such as an economic calendar and news flash.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Market instruments

Advantages
Disadvantages

Large variety of securities, futures, and forex available for trading
Large selection may be overwhelming for novice traders

Opportunity to diversify investment portfolio with multiple assets
Not all assets may be available for trading in all regions

Access to a wide range of markets and trading opportunities
May require extensive research and knowledge to trade across multiple asset classes effectively

LION offers a wide selection of trading instruments for its clients, including over 10000 securities, 100+ futures, and 100+ forex pairs. This variety provides traders with the opportunity to diversify their investment portfolios and access multiple markets and trading opportunities. However, the large selection may be overwhelming for novice traders, and not all assets may be available for trading in all regions. Additionally, trading across multiple asset classes may require extensive research and knowledge to execute trades effectively. Overall, LION’s diverse selection of instruments is a major advantage for traders looking to access a range of markets and investment opportunities.

Spreads and commissions for trading with LION

there is no specific information regarding trading costs, spreads, commissions or other related expenses on the LION website. It is essential to know these details for traders to make informed decisions about their investments. Therefore, traders may need to contact LION’s customer support team or create a demo account to check the trading costs. However, it is essential to note that trading costs, including spreads and commissions, can have a significant impact on a trader’s profitability. Traders should consider these costs when selecting a broker and assessing the overall value of their trading activities.

Trading accounts available in LION

Based on the limited information available on LION’s website, it is not clear if they offer multiple account types. It is possible that they only offer one standard account type, but without more information, it is difficult to determine. Prospective investors may need to contact LION’s customer service to get more detailed information about account types and the features offered. It is worth noting that some traders prefer having multiple account types to choose from based on their trading needs and experience level. Different account types can come with different features, such as different leverage ratios, lower spreads, and access to premium services. A lack of account variety could be seen as a disadvantage for some traders who are looking for more tailored options.

Trading platform(s) that LION offers

Advantages
Disadvantages

Customized trading platform
Limited third-party integration

User-friendly interface
Limited platform availability for Mac and Linux

Mobile trading platform available
No support for MetaTrader

Advanced charting and analysis tools
Limited educational resources on the platform

LION offers its own trading platform which is available on various devices, including desktop, web, and mobile. The platform is fully customizable, allowing traders to arrange the interface to suit their preferences. It also provides advanced charting tools and technical analysis indicators, which can help traders to make informed trading decisions. The platform is user-friendly and offers a seamless trading experience. However, the platform has limited third-party integration, which means that traders may not be able to use some of their favorite tools or add-ons. Additionally, the platform is not available for Mac and Linux users, which may be a disadvantage for some traders. Finally, the platform does not support the widely-used MetaTrader platform, which could be a downside for traders who prefer to use this platform.

Maximum leverage of LION

As the maximum leverage offered by LION is not disclosed on their website, it is difficult to provide specific details about this dimension. However, it is important to note that leverage can greatly amplify profits but also increase losses, and should therefore be used with caution. It is recommended that traders thoroughly understand the risks associated with leverage before utilizing it in their trading strategy. Additionally, traders should always consider the specific leverage offered by a broker and ensure it aligns with their risk tolerance and investment goals. It is possible that LION offers different levels of leverage for different financial instruments, so it is advised to contact their customer service for more information on this matter.

Deposit and Withdrawal: methods and fees

Without relevant information available on LION’s website, it is difficult to comment on their deposit and withdrawal methods and fees. It is recommended to contact their customer service for more information on this dimension. It is important for traders to have transparency in terms of deposit and withdrawal methods and fees, as these factors can impact the overall profitability of trading. Additionally, traders should also be aware of any potential hidden fees that may be associated with deposits or withdrawals. Therefore, it is advisable to conduct thorough research and seek clarification on this dimension before making a decision to invest with LION.

Educational resources in LION

Advantages
Disadvantages

Access to economic calendar and news flash.
Lack of comprehensive educational resources, such as tutorials and webinars.

LION offers several educational resources to help traders stay informed about the latest market news and economic events. One such resource is an economic calendar, which lists important economic indicators and events that could affect the market. Additionally, LION provides news flash, which delivers up-to-date news and analysis from the financial world. While these resources can be helpful, LION does not offer more comprehensive educational resources such as tutorials or webinars, which could be disadvantageous for traders who are new to forex trading or want to improve their skills.

Customer service of LION

Advantages
Disadvantages

24/7 availability through email and telephone
No live chat support

Dedicated email addresses for business inquiries and technical support
Limited information on website about customer support

Multiple ways to contact customer support
No information on average response time or resolution time

Clear and detailed company address provided
No multilingual support mentioned

LION appears to offer decent customer support with multiple ways to contact them, including email and telephone. They have dedicated email addresses for business inquiries and technical support, indicating they prioritize addressing the specific needs of their clients. However, they do not offer live chat support, which could be a disadvantage for clients who prefer real-time assistance. There is limited information on their website about their customer support, such as the average response or resolution time. Additionally, there is no mention of multilingual support, which could be a drawback for non-English speaking clients. Nonetheless, they provide a clear and detailed company address, which adds to their credibility as a reputable forex broker.

Conclusion

In conclusion, LION is a forex broker regulated by the MAS and CIMA, with its own platform available in various devices. While the number of trading instruments offered is impressive, the lack of information about trading costs and leverage could be a concern for potential investors. The absence of clear information about account types and deposit/withdrawal methods and fees also adds to the uncertainty. However, the availability of educational resources such as an economic calendar and news flash is a plus. Customer support is also accessible via email, telephone and business inquiries. Overall, it is advisable to seek more detailed information from their customer service before investing with LION.

Frequently asked questions about LION

• What is LION and is it regulated？

• LION is a forex broker company registered in the Cayman Islands and regulated by the Monetary Authority of Singapore (MAS) and the Cayman Islands Monetary Authority (CIMA).

• What financial instruments can I trade on LION？

• LION offers over 10,000 securities, 100+ futures, and 100+ forex pairs for trading.

• Does LION have different account types？

• It is unclear whether LION offers different account types. Interested clients should contact their customer service for more information.

• What platforms does LION offer？

• LION has its own trading platform, which is available on various devices.

• What are the educational resources available on LION？

• LION offers an economic calendar and news flash for its clients.

• What are the contact details for LION’s customer care？

• LION’s business inquiries can be sent to [email protected] and technical support inquiries can be sent to [email protected] . They can also be reached by phone at +852 28209000.

• What are the deposit and withdrawal methods available on LION？

• There is no specific information available on LION’s website about deposit and withdrawal methods and fees. Interested clients should contact their customer service for more information.