Basic Information & Regulation of Lydya Financial
Lydya Financial was founded in 2014 under the company registration number HE334292 with the vision of providing unparalleled financial services and up-to-date investment opportunities in the capital markets. Lydya Financial is regulated by CySEC in Cyprus (regulatory number: 300/16), BDF in France (regulatory number: 70562), and CNMV in Spain (regulatory number: 4373). CNMV (Reg. No. 4373). Besides, Lydya Financial is a member of the Investor Compensation Fund.
Security analysis of Lydya Financial
Lydya Financial is regulated by CySEC in Cyprus, a global regulatory body, which means that the safety of investors' funds and trading activities are protected to a certain extent. When the broker faces bankruptcy, it can receive a certain amount of compensation. However, investors should also pay attention to the fact that the accounts of the funds are opened under the supervision of CySEC in Cyprus.
Market Instruments of Lydya Financial
Lydya Financial offers investors a wide range of financial products, including currencies, metals and commodities, energy, and indices.
Trading Platforms Available
Lydya Financial does not offer the most popular MT4/MT5 trading platforms but rather an in-house developed trading platform, which is not specified.
Deposit and withdrawal
Lydya Financial supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, wire transfer, Neteller, Skrill.
Summary
The main disadvantages of Lydy Financial are:
1. Incomplete website information
2. No information on spreads & trading commissions, etc.
3. Mon-MT4/MT5 trading platform
4. The official website available in English only
5. No live customer service
