FXLeader Information
As a broker, FXLeader provides different trading instruments for investors to choose from, but the serious problem is that it is unregulated and its security is not guaranteed.
Pros and Cons
Is FXLeader Legit？
According to the information found, FXLeader is owned and operated by Leadernet OU, a company based in Estonia. The company is not regulated by the Estonian Financial Supervisory Authority (EFSA), which is responsible for financial service providers.
In fact, the broker appears to be operating within the jurisdiction of Saint Vincent and the Grenadines (SVG), as it allegedly uses the services of FXLEADER LTD, a company registered as SVG, as a liquidity provider and market maker.
What Can I Trade on FXLeader？
According to FXLeader, it offers investors trading instruments including forex, commodities, indices, stocks, as well as cryptocurrencies.
Account Types
FXLeader says there are 4 account types for investors to choose from, namely Micro, Silver, Gold and Platinum. An initial investment of $250 is required.
Compared to the fact that some reliable and licensed brokers need less, this deposit threshold is set relatively high.
The EUR/USD spread is fixed at 3.0 points. The maximum leverage is 1:400.
FXLeader Fees
The spread offered by FXLeader is quite high, fixed at 3.0 points in EUR/USD.
Deposit and Withdrawal
According to FXLeader, financing methods include credit cards, wire transfers, cryptocurrencies, razorpay, Alipay. An initial investment of $250 is required.
Customer Service
If you have any enquiries, you can contact the broker at +44 20 3318 3211 or support@fxleader.com. You can also find them on Twitter, LinkedIn, Facebook.
The Bottom Line
As a broker, FXLeader offers different trading tools, but the serious thing is that it is not regulated. This is not suitable for investors to trade.
FAQs
Is FXLeader safe？
FXLeader cannot be considered safe. It is in an unregulated status, so its safety cannot be guaranteed.
Is FXLeader good for beginners？
FXLeader may not be a good choice for beginners. What beginners need is a brokerage with a low-risk trading environment, and it's clear that this brokerage can't do that.
Is it safe to trade with FXLeader？
Trading with FXLeader is not safe enough. FXLeader exposed these shortcomings: the website is not accessible, lack of transparency and is not regulated. The safety of investors' money may not be guaranteed.
