Score

1.54 /10
Danger

FXLeader

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.22

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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FXLeader · Company summary

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.

FXLeader Information

Pros and Cons

Pros Cons
5 types of trading productsUnavailable website
Lack of transparency
Regulatory concerns
High spread

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.

Is FXLeader Legit?
Is FXLeader Legit?

What Can I Trade on FXLeader?

According to FXLeader, it offers investors trading instruments including forex, commodities, indices, stocks, as well as cryptocurrencies.

Tradable Instruments Supported
Forex
Commodities
Indices
Stocks
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.

Contact Options Details
Phone+44 20 3318 3211
Emailsupport@fxleader.com
Social MediaTwitter, 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.

User Reviews

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法蒂玛 茜雅
more than one year
I found the trading conditions on FXLeader to be quite uncompetitive, with high spreads and limited trading tools. The trading platform was basic and lacked important features found on MT4 and MT5. In summary, I was disappointed with my experience and wouldn't recommend this broker to other traders.
I found the trading conditions on FXLeader to be quite uncompetitive, with high spreads and limited trading tools. The trading platform was basic and lacked important features found on MT4 and MT5. In summary, I was disappointed with my experience and wouldn't recommend this broker to other traders.
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2023-03-27 17:01
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黑色丶
more than one year
FX Leader, an unregulated broker offering terribly customer service. I opened an online chat and asked about their regulation, then they closed the window.
FX Leader, an unregulated broker offering terribly customer service. I opened an online chat and asked about their regulation, then they closed the window.
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2023-02-27 13:37
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