Overview of Levels
Levels, established in 2023 and based in Saint Lucia, offers a range of trading assets including stocks, commodities, forex, and indices through its MT5 platform.
The company operates without regulatory oversight. It provides multiple account types such as STP, ECN, INSTP, and AMM, accommodating various trading styles with varying minimum deposits and high leverage options up to 1:1000. Traders benefit from competitive spreads starting from 0 pips and access to tools like Trading Central for market analysis.
Customer support is available via landline and email.
Regulatory Status
Levels operates without a regulatory license. This means they lack oversight in trading activities and fund security. Without regulation, there's potential for opaque trading practices and increased financial risks, lacking legal protections.
Pros and Cons
Pros:
- Commission-free trading on some accounts: Certain account types at Levels do not charge commissions per trade, which can be advantageous for frequent traders seeking to minimize transaction costs.
- High leverage options up to 1:1000: The availability of high leverage ratios up to 1:1000 allows traders to amplify their market exposure, potentially increasing profit opportunities with a smaller initial investment.
- Multiple account types to suit different trading styles: Levels offers various account types such as STP, ECN, INSTP, and AMM, catering to different trading preferences and strategies. This flexibility allows traders to choose an account that aligns with their risk tolerance and trading goals.
- Access to MT5: Utilizing the MT5 trading platform, Levels provides robust tools and features for advanced charting, technical analysis, and automated trading, enhancing the overall trading experience for users.
Cons:
- Unregulated: Levels operates without a regulatory license, which can raise risks for investor protection and financial oversight.
- Minimum deposit requirements can be high ($1000): The minimum deposit for some account types, such as ECN and AMM, is relatively high at $1000, potentially limiting access for smaller-scale traders or those with lower initial capital.
- Educational resources could be more extensive: While Levels offers resources like Trading Central and basic educational materials, more competitive educational resources could further support traders' knowledge and skills development.
Market Instruments
Levels offers trading assets across Forex, Stocks, Commodities and Indices.
Forex: The platform facilitates trading in the global forex market with a broad spectrum of currency pairs. This includes major pairs like EUR/USD and GBP/USD, as well as exotic pairs.
Stocks: Levels offers access to shares of leading companies globally, spanning various sectors. This allows investors to diversify their portfolios with stocks from industries such as technology, healthcare, and finance.
Commodities: Investors can trade commodities like gold, oil, and silver, along with other raw materials. This enables engagement in international commodity markets, leveraging trading conditions suited to commodity investments.
Indices: Users can trade a wide array of stock market indices from around the world. This includes popular indices such as the S&P 500 and Nikkei 225, providing exposure to global financial markets and benchmark indices.
Account Types
Levels offers a range of account types to accommodate different trading needs.
The STP (Straight Through Processing) account requires a minimum deposit of $100 and operates on the MT5 platform. It features no commission per lot and spreads starting from 0.9 pips. With a leverage of up to 1:1000 and support for micro lot trading (0.01), it suits traders looking for competitive spreads and flexible trading conditions.
The ECN (Electronic Communication Network) account, requiring a minimum deposit of $1,000, also operates on MT5. It charges a commission of $4 per lot with spreads from 0 pips, offering traders direct market access and potentially tighter spreads. Leverage is available up to 1:200, making it suitable for more experienced traders seeking faster execution speeds and lower transaction costs.
For institutional investors and those trading larger volumes, Levels offers the INSTP (Instant Processing) account with a substantial minimum deposit of $25,000. This account type operates on MT5 without commission charges, focusing on instant trade execution and possibly more favorable terms for high-volume trading activities. Leverage can reach up to 1:100, catering to institutional trading strategies that require robust execution capabilities.
The AMM (Asset Management Module) account, requiring a minimum deposit of $1,000, also operates on MT5. It features no commission charges and supports micro lot trading, making it suitable for traders interested in managing multiple accounts or deploying automated trading strategies. With leverage up to 1:1000, the AMM account provides flexibility for traders seeking diversified portfolio management and automated trading solutions.
How to Open an Account？
Opening an account with Levels involves the following steps:
- Visit the Website: Go to the Levels official website and navigate to the “Open Account” or “Sign Up” section.
- Choose Account Type: Select the type of account that best suits your trading needs, such as STP, ECN, INSTP, or AMM. Each account type has different requirements and benefits.
- Fill Out Application: Complete the online application form with accurate personal information, including your full name, email address, country of residence, and phone number.
- Verify Identity: Upload required identification documents to verify your identity and address. This typically includes a government-issued ID (passport or driver's license) and a recent utility bill or bank statement.
- Deposit Funds: Fund your account with the minimum deposit required for your chosen account type. Levels accepts various payment methods, which can include bank wire transfer, credit/debit cards, or e-wallets.
- Start Trading: Once your account is verified and funded, you can log in to the MT5 trading platform provided by Levels and start trading. Familiarize yourself with the platform's features, manage your trades, and monitor market conditions to make informed trading decisions.
Leverage
Levels offers varying maximum leverage across its account types: STP accounts provide up to 1:1000 leverage, ECN accounts offer 1:200 leverage, INSTP accounts provide up to 1:1000 leverage, and AMM accounts also offer up to 1:1000 leverage.
Spreads & Commissions
Levels offers competitive spreads and commissions across its account types.
The STP account features spreads starting from 0.9 pips with zero commission per lot, making it attractive for traders seeking low-cost trading and competitive spreads.
On the other hand, the ECN account charges a commission of $4 per lot with spreads starting from 0 pips, appealing to traders who prioritize direct market access and potentially tighter spreads for a higher initial investment of $1,000.
For institutional traders and those with larger capital, the INSTP account provides commission-free trading with potentially favorable spreads, requiring a minimum deposit of $25,000.
Meanwhile, the AMM account, also commission-free, suits traders interested in managing multiple accounts or utilizing automated trading strategies, with a moderate minimum deposit of $1,000.
Trading Platform
Levels offers two primary trading platforms:
WebTrader: This web-based platform enables users to trade conveniently without the need for additional software downloads. It provides a straightforward interface accessible from any web browser, facilitating account management and trade execution.
MetaTrader 5 (MT5): Known for its robust features, MT5 offers advanced tools for technical analysis, automated trading, and portfolio management. Its intuitive interface allows traders to customize and control their trading strategies effectively. MT5 is favored by many for its charting capabilities and the ability to implement various trading algorithms.
Deposit & Withdrawal
The minimum deposit requirements vary across account types: STP accounts require a minimum deposit of $100, ECN accounts require $1,000, INSTP accounts require $25,000, and AMM accounts also require $1,000.
Levels support multiple payment methods, including WebMoney, NETELLER, Cryptocurrency, Skrill, Wire Transfer, Debit Card, and so on.
Educational Resources
Levels provides educational resources including Trading Central, a tool integrating technical analysis, expert insights, and key levels for informed trading decisions.
They also offer a blog and FAQ section for additional learning.
Compared to popular brokers, the inclusion of Trading Central enhances analytical capabilities, aiding traders in navigating markets with data and expert guidance.
Customer Support
Levels Ltd provides customer support via various channels. For assistance, contact their landline at +2(03)4245867 or email support@fxlvls.com. They are available to address queries and provide help regarding their services and trading platforms.
Conclusion
In conclusion, Levels presents a trading environment tailored to various investor needs with its array of account types, competitive spreads, and robust MT5 platform. However, its operation without regulatory oversight can pose considerations for traders regarding security and transparency.
The platform's strengths lie in its high leverage options and access to sophisticated market analysis tools like Trading Central. To reduce potential hazards, potential users must undertake comprehensive research and assess their willingness to accept risk prior to interacting with Levels.
FAQ
What trading platforms does Levels offer？
- Levels offers the MT5 platform, known for its advanced features in technical analysis and automated trading.
Is Levels regulated？
- No, Levels operates without regulatory oversight, which means traders should consider this when assessing risk.
What are the minimum deposit requirements at Levels？
- Minimum deposits vary by account type: $100 for STP, $1,000 for ECN and AMM, and $25,000 for INSTP.
Does Levels charge commissions on trades？
- Levels offers commission-free trading on certain account types.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
2024-08-14 10:56
