Leanx global

Overview of Leanx global

Leanx Global, established in 2023 and headquartered in the United States, is positioned as a trading platform offering a wide array of tradable assets, encompassing forex, precious metals, crude oil, indices, and cryptocurrencies. The brokerage claims to provide advanced trading tools through its collaboration with Goldman Sachs, such as theAnalyst View (AOI) and Adaptive Candle Diagram (AC), aimed at assisting traders in making informed decisions. However, despite these offerings, Leanx Global's regulatory status is listed as unauthorized by the NFA, signaling potential risks concerning fund security and operational transparency. Traders should exercise caution when considering Leanx Global due to its unregulated status and the associated uncertainties.

Is Leanx global Legit？

Leanx Global is not regulated. Despite having a license number (0561761) from the National Futures Association (NFA) in the United States, the regulatory status of Leanx Global is deemed abnormal, with an official classification of “Unauthorized.” This indicates that the broker exceeds the business scope regulated by the NFA, specifically the UNFX Non-Forex License. Traders should exercise caution and be aware of the risks associated with trading with an unregulated broker like Leanx Global. There may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's operations. It is advisable for traders to conduct thorough research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.

Pros and Cons

Leanx global offers a wide array of trading instruments and leverages its partnership with Goldman Sachs to provide sophisticated trading tools, alongside flexible leverage options. However, its unauthorized regulatory status and the opaque nature of its operations and financial backing present considerable risks, undermining the broker's attractiveness to traders seeking security and transparency.

Trading Instruments

Foreign Exchange: A selection of major currency pairs such as EUR/USD, USD/CAD, and GBP/USD.

Precious Metals: Spot trading for gold (XAUUSD) and silver (XAGUSD).

Crude Oil: Trading options for US crude oil (UsOIL).

Indices: Access to global indices including the Hong Kong Hang Seng Index (HK50), German Index (GER30), and S&P 500 Index (US500).

Cryptocurrency: A variety of popular digital currencies including Bitcoin (BTC/USD), Ether (ETH/USD), and Ripple (XRP/USD).

Here is a comparison table of trading instruments offered by different brokers:

Account Types

Comprehensive Account: Allows trading of CFD contracts with a unique, proprietary composite index mimicking real market movements, available round the clock.

Finance Account: Designed for trading forex, commodities, and cryptocurrencies, including both large (standard) and microcurrency pairs with high leverage options.

Financial STP Account: Focuses on major and minor trades, particularly beneficial for markets where trading volumes and currency pairs with smaller spreads are prominent.

How to Open an Account

To open an account with Leanx global, follow these steps.

1. Visit the Leanx global website. Look for the “Register” button on the homepage and click on it.

2. Sign up on websites registration page.

3. Receive your personal account login from an automated email

4. Log in

5. Proceed to deposit funds to your account

6. Download the platform and start trading

Leverage

Leanx global offers leverage ranging from 1:100 to 1:500, providing traders with the flexibility to choose their level of risk and potential reward.

Here is a comparison table of maximum leverage offered by different brokers:

Spreads and Commissions

Leanx global provides floating spreads starting from as low as one point, ensuring clients have access to near-direct market prices without the worry of double quotes.

Trading Platforms

Leanx global provides the Tradingweb platform, notable for its extensive use in CFD trading, supporting over 330,000 clients. It features a comprehensive suite of tools, including more than 50 technical indicators for in-depth chart analysis, and offers 24/7 trading across over 100 assets.

Customer Support

Leanx global provides customer support via email at support@leanxglobal.com. Their company address is located at 96 Wadsworth Blvd Num 127-3255, Lakewood, CO 80226, U.S.A.

Trading Tools

Leanx global collaborates with Goldman Sachs to offer advanced trading tools, including the Analyst View (AOI), Adaptive Candle Diagram (AC), and Adaptive Trend Indicator (ADC). These tools, recognized for their excellence, provide automated investment analysis and research to assist traders in making informed decisions.

Conclusion

Leanx global presents itself as a versatile platform offering an extensive selection of trading instruments, from major forex pairs to cryptocurrencies, and utilizes advanced trading tools developed in collaboration with Goldman Sachs. Despite these advantages, the broker's unverified regulatory status and the resultant concerns about fund safety and operational transparency significantly mar its appeal. Potential traders should weigh the benefits of its offerings against the risks associated with its regulatory ambiguity and lack of clear information about its financial stability and compliance.

FAQs

Q: What trading instruments does Leanx global offer？

A: Leanx global provides a variety of instruments, including foreign exchange, precious metals, crude oil, indices, and cryptocurrencies.

Q: Can I trade with leverage on Leanx global？

A: Yes, Leanx global offers leverage options ranging from 1:100 to 1:500, allowing traders to amplify their trading positions.

Q: How do I open an account with Leanx global？

A: You can open an account by registering on the Leanx global website, completing the sign-up process, depositing funds, and then beginning to trade.

Q: Is Leanx global regulated？

A: Leanx global claims to be regulated by the NFA, but it is officially listed as unauthorized, and its regulatory status is abnormal.

Q: What platforms does Leanx global use for trading？

A: Leanx global offers the Tradingweb platform, featuring powerful charting tools, technical indicators, and a user-friendly interface for CFD trading.

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. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.