Abstract:Incorporated in 2022, Letian is supposed to be a forex broker. However, this brokerage house is pretty mysterious, with its key information, such as the company behind it, the registered region, and regulatory details not disclosed. Due to the absence of clear and transparent information mentioned above, it is safe to assume that Letian is nothing more than a con artists elaborate plan to steal money from investors before disappearing with the loot
Since Letians official website (https://www.letian-twtw.com/) is now unavailable, we had to piece together as much information as possible on this brokerage house as a forex broker from other sources.
General Information
Incorporated in 2022, Letian is supposed to be a forex broker. However, this brokerage house is pretty mysterious, with its key information, such as the company behind it, the registered region, and regulatory details not disclosed.
Due to the absence of clear and transparent information mentioned above, it is safe to assume that Letian is nothing more than a con artists elaborate plan to steal money from investors before disappearing with the loot
Since this brokers official website cannot be opened, we could only get minimal information for your reference
As far as we can tell, Letian is not governed by any regulatory authorities, thus that bit of data is settled. Thats why its regulatory status on WikiFX is classified as “No License” and it only receives a pretty low score of 1.12 out of 10 overall. Don't be oblivious to the potential danger, for trading with an unregulated forex broker is a surefire way to lose money.
Customer Support
Worryingly, we were unable to locate any working contact methods for contacting Letian, which means that you will not be able to get in touch with this broker quickly if there are issues with your trading procedure. What's more, if you have trouble making a withdrawal, any money you may have lost is probably gone forever.
Risk Warning
There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.
Please keep in mind that the data presented in this article is meant to serve as a guideline only.
Saxo Bank launched an attractive promotion for new clients that offers zero commission trading on transactions for the 100 most popular US stocks. This campaign began on September 17, 2024, and runs until December 31, 2024. It aims to attract clients who want to invest without paying trading costs.
MetaQuotes now offers Nasdaq real-time tick data in MetaTrader 5. Subscribe for accurate market analysis, improved trading strategies, and flexible subscription plans.
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
The Federal Reserve’s decisions to raise or cut interest rates are among the most influential drivers of market activity, particularly in the forex and cryptocurrency markets. Understanding the impact of rate changes is crucial for market participants, as it helps them anticipate potential movements and adjust their strategies accordingly.