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No Regulation
Score
1.57 /10
Danger
LEVEL 2
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
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Comparison
Expose
Exposure
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Website
Score
Regulatory Index0.00
Business Index7.45
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2025-12-02
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Level 2 Forex Review Summary | |
| Founded | 2015 |
| Registered Country/Region | United Kingdom |
| Regulation | No regulation |
| Market Instruments | Forex |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | Raw interbank spreads |
| Trading Platform | Level 2 Trader Pro (WEB) |
| Minimum Deposit | USD 100 |
| Customer Support | Contact form |
| Restricted Areas | United States of America |
Level 2 Forex Information
Level 2 Forex is a brokerage company firstly founded in 2015 and with its businesses mainly focuses on forex trading. It offers a free demo account for practicing and a live account for live trading. Minimum deposit is USD 100 and the broker offers leverage up to 1:1000 with various account sizes. As a No Dealing Desk ECN broker, the company charges commission at $0.025 USD per Micro Lot for remove liquidity orders and -$0.012 USD per Micro Lot for add liquidity orders.
In addition, the broker offers a proprietary web trading platfrom called “Level 2 Trader Pro”.
The company implements fund segregation to protect customer assets which is advantageous for traders, however, there is no active regulatory information displayed on the Level 2 Forex platform.
Pros and Cons
| Pros | Cons |
| Demo accounts available | No regulation |
| Acceptable minimum deposit | Limited tradable asset classes |
| Limited customer support | |
| No MT4/5 |
Is Level 2 Forex Legit?
The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Level 2 Forex is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose Level 2 Forex with caution.
What Can I Trade on Level 2 Forex?
Level 2 Forex mainly focuses on forex trading. It supports major currency pairs such as EUR/USD, GBP/USE, USD/JPY, as well as minor and exotic currency pairs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Except for a demo account for practicing before commiting real money, Level 2 Forex offers a live account for live trading.
The minimum deposit is USD 100 to open an account and start trading, which is affordable to most traders, including beginners.
Leverage
Level 2 Forex enables different levels of leverage based on account sizes:
| Account Size (USD) | Leverage | Margin Requirement |
| Below $10,000 | 1:1000 | 0.10% |
| $10,000 to $500,000 | 1:500 | 0.20% |
| Over $500,000 | 1:10 | 10% |
The larger the trading volume the account is, the smaller the leverage will be applied to avoid exponential growth of possible losses.
Spread
Level 2 Forex provides access to raw interbank spreads, offering traders direct pricing from the interbank market without added markups. This structure benefits those who prioritize tight spreads and wish to engage in high-volume or short-term trading strategies.
Fees
For trading fees with Level 2 Forex:
- Traders who remove liquidity—typically using market orders—are charged $0.025 USD per micro lot.
- In contrast, those who add liquidity with limit orders receive a rebate of -$0.012 USD per micro lot, getting paid when their orders are filled.
Trading Platform
Level 2 Forex does not offer the industry leading MetaTrader platforms. Instead, traders can make transactions throught the company's proprietary web platform “Level 2 Trader Pro”.
Yet we don't have any details of the platform yet since no access link on its website. Be sure you understand the functionalties before you execute trades on the platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Level 2 Trader Pro | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Payment Method
The broker mainly allows payments through Visa, Mastercard and Maestro.
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