Leverate-a clone forex broker

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.

Pros and Cons

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 Country	Current Status	Regulated Authority	Regulated Entity	License Type	License Number
	Suscipious clone	The Cyprus Securities and Exchange Commission (CySEC)	Leverate Financial Services Ltd	Market Making (MM)	160/11

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.

LXSuite

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

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.

Trading Platform