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Leverate -

Score

1.58 /10
Danger

Leverate

Cyprus

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://leverate.com

Influence

C

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Comparison

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Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.53

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Leverate Financial Services Ltd

Company Abbreviation

Leverate

Platform registered country and region

Cyprus

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 160/11) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Leverate · Company summary
Leverate Review Summary
Founded2008
Registered Country/RegionCyprus
RegulationCySEC (Suspicious Clone)
Products & ServicesBrokerage solutions, Leverate BX8, SIMPLiX, branded and customized MT4 platforms, and more
Demo Account✅
Trading PlatformMT4, Sirix trading platform, CRM system
Customer SupportLive chat, contact form
Tel: +44-20-3769-9562
Email: sales@leverate.com
Address: Dereh Sheshet Hayamim 30 Bnei Brak
21st Floor No.150 HuBin Rd, HuangPu District, Shanghai, China
29 Oakdene park N3 1EU London, UK
27 Calugareni street, Bucharest 3, Romania
88 Ayias Fylaxeos street, Zavos City Center, 4th Floor, 401, Limassol 3025

Founded in 2008, Leverate is a financial technology company headquartered in Cyprus, providing brokerage solutions, Leverate BX8, SIMPLiX, branded and customized MT4 platforms, etc. with a suspicious clone CySEC license. They have offices in Israel, Bulgaria, Lithuania, Ukraine, and China.

Leverate's homepage

Pros and Cons

Pros Cons
A wide range of products & servicesSuscipious clone CySEC license
Demo accounts available
MT4 trading platform
Live chat support

Is Leverate Legit?

Please note that this Leverate is a clone broker posing as another legit brokerage firm who is regulated by the Cyprus Securities and Exchange Commission (License No. 160/11). Leverate has nothing to do with that brokerage, and it is just an illegal broker. In order to trick traders into opening accounts with them, they even use the license number of licensed brokers!

Regulated CountryCurrent StatusRegulated AuthorityRegulated EntityLicense TypeLicense Number
Cyprus
Suscipious cloneThe Cyprus Securities and Exchange Commission (CySEC)Leverate Financial Services LtdMarket Making (MM)160/11
Suscipious clone CySEC license

Pay attention to some details on the CYSEC website, the clone brokers domain (https://leverate.com/) is not included in the following approved domain list. The approved domains are www.baselcapitalmarkets.de, www.direktbroker-fx.de; www.fxpn.eu.

In addition, the phone number does not match the accurate phone number listed below.

Brokers that pose as well-known brands in order to fool customers into thinking they're dealing with an authorized forex broker are on the rise these days.

Products and Services

Products and services available on the Leverate platform include the following sectors:

LXCAPITAL

It is connected with top liquidity providers (LPs) which offer liquidity for Forex, Crypto, Contracts for Difference (CFDs) and more. This system features low latency and high stability.

LXCAPITAL

LXSuite

LXSuite is a one-stop all-inclusive technology package for your brokerage with Forex, CFD, & Crypto that provides all turnkey brokerage solutions.

LXSuite

LXRisk

LXRisk enables clear and straightforward risk management for Forex brokerages. It allows users to view their overall exposure in real-time and generate personalized reports. Through this, they can always precisely understand the performance and status of their business.

LXRisk

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Sirix trading platform✔Web, desktop, mobile/
CRM software✔//
MT4✔/Beginners
MT5❌/Experienced traders

News

NewsLeverate Losses ICF Membership & CIF Authorization

CySEC recently addressed the termination of Leverate Financial Services Ltd.'s membership in the Investors Compensation Fund (ICF), clarifying that clients remain eligible for compensation despite the loss of membership, while highlighting broader regulatory actions and enforcement measures undertaken by the commission.

WikiFX
2024-04-23 16:48
Leverate Losses ICF Membership & CIF Authorization

NewsCySEC Excludes Leverate from Investor Protection Fund

CySEC removes brokerage solutions provider Leverate from its Investor Compensation Fund, safeguarding client rights.

WikiFX
2024-04-23 16:25
CySEC Excludes Leverate from Investor Protection Fund

NewsCySEC revokes CIF license of Leverate

The Cyprus Securities and Exchange Commission (CySEC) has withdrawn Leverate Financial Services Ltd.'s Cyprus Investment Firm (CIF) authorization. The decision was made at CySEC's meeting on December 4, 2023, after the firm officially resigned its authorization.

WikiFX
2024-02-09 13:47
CySEC revokes CIF license of Leverate
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利瑞 Leverate 官方账号
more than one year
Hey all, I wanna clarify that, Leverate is not a retail broker at all. Under Leverate group, there are several entities: Leverate Technology - Israelian Technology company, providing SAAS solution to brokers / Prop Firms. Leverate Capital Markets - regulated Liquidity Provider, only providing liquidity to B2B clients, no retail business at all. FXPN - Leverate Trading Name, also a liquidity provider, not doing retail business. Overall, Leverate do not accept any individual to open account / deposit / Trade. Please do not misleading the users. Best Regards.
Hey all, I wanna clarify that, Leverate is not a retail broker at all. Under Leverate group, there are several entities: Leverate Technology - Israelian Technology company, providing SAAS solution to brokers / Prop Firms. Leverate Capital Markets - regulated Liquidity Provider, only providing liquidity to B2B clients, no retail business at all. FXPN - Leverate Trading Name, also a liquidity provider, not doing retail business. Overall, Leverate do not accept any individual to open account / deposit / Trade. Please do not misleading the users. Best Regards.
Translate to English
2024-08-06 17:00
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Pongin
more than one year
Leverate, a reputable technology provider, offers robust market instruments across FX, CFDs, and gold. With strict regulation and oversight, traders can trade with confidence knowing their funds are secure. Leverate's commitment to regulatory compliance sets it apart as a trusted partner in the industry.
Leverate, a reputable technology provider, offers robust market instruments across FX, CFDs, and gold. With strict regulation and oversight, traders can trade with confidence knowing their funds are secure. Leverate's commitment to regulatory compliance sets it apart as a trusted partner in the industry.
Translate to English
2024-07-30 18:25
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