Leobor -Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Leobor is the UK registered online forex broker, and its official website does not indicate that it is subject to any effective regulation.

Market Instruments

The financial instruments offered by Leobor to investors include Forex currency pairs and CFDs on commodities. The tradable assets available for trading through Leobor are limited compared to most dealers.

Minimum Deposit

In terms of minimum deposit, Leobor doesn't make this part clear. Most other brokers would ask traders to deposit $100 to $200 as a start.

Leverage

Leobor offers trading leverage ranging from 1:1 to 1:500, which investors can choose and set according to their risk tolerance.

Spreads & Commissions

The minimum spread on the Leobor platform is 0.7 pips for AUDUSD, 1.2 pips for AUDJPY, 1.1 pips for EURGBP, 0.7 pips for EURUSD, 1.5 pips for EURJPY, 2.5 pips for Brent Crude Oil, and 0.3 pips for Gold. Overall, the spreads offered by Leobor for currency pairs and commodities are not particularly competitive.

Deposit & Withdrawal

The only way to find out how to deposit and withdraw funds is by logging into your account. Currently, Leobor only supports wire transfers.

Conclusion

Leobor Disadvantages Include:

1. No regulation

2. Limited tradable assets

3. Spreads not competitive

4. Unknown deposit & withdrawals methods

5. Information on the trading platform missing