LeaderFinancing Review: All About This Scam Broker
Beware of Leaderfinancing, a supposed FX and CFD broker claiming over 25 years of market experience. The truth is a whole different story, after all. This is an anonymous, unlicensed, and discredited site with all the signs of being a scam. Don’t fall for their attractive trading conditions for FX pairs, indices, shares, and more.
Do your research before making any trading decisions, and this Leaderfinancing review is here to help you with that.
|Headquarters||Cabot Square, Canary Wharf, London|
|Broker Type||FX, CFD|
Regulation and Safety of Funds at LeaderFinancing
This firm’s website claims it is a UK broker located in London. Yet, this information is highly questionable. The only contact information listed is an email, with no phone number.
It’s essential to note that all UK-based brokers must be licensed by the Financial Conduct Authority (FCA). Nevertheless, a search of the FCA registry did not disclose any information on the LeaderFinancing broker.
Thinking about the regulation of an FX broker is essential to ensure the safety of funds, the integrity of the market, and a fair solution to any disputes that may arise. You should do your due diligence before opening an account with any broker. Make sure that they are regulated and safe.
LeaderFinancing Trading Software
Beware of Leaderfinancing’s false claim of offering an award-winning platform. Despite registering for a trading account, we could not access any platform. A red flag is a lack of reputable and professional trading software, such as MetaTrader4 or MetaTrader5. There is a good chance you are dealing with a scam.
MetaTrader 5 is the most widely used trading platform in the forex industry with a 4.5-star rating based on over 403,000 reviews and over 10 million downloads on Google Play.
Its popularity is largely due to its features. Think of real-time quotes, financial news, FX, and stock charts, and the ability to run algorithmic trading sessions with Expert Advisors, which can be customized using the object-oriented programming language MQL5.
Deposit and Withdrawal Options
This scam claims to accept payment via VISA, Mastercard, and bank wire transfers, but we were unable to verify it immediately. It’s typical for scammy sites to request payment in crypto like BTC or ETH as these transactions are more difficult to track.
However, if you made your payment using a card, you can file a chargeback with the bank if you suspect fraud. It is wise to take this action if you’re dealing with a fake and potentially fraudulent business like Leaderfinancing.
LeaderFinancing Account Types
At LeaderFinancing, clients have the option to choose from 4 trading account types:
- Bronze: requires a minimum deposit of $10,000
- Silver: requires a minimum deposit of $25,000
- Gold: requires a minimum deposit of $50,000
- Premium: requires a minimum deposit of $100,000
The specific trading terms, such as leverage, are not explicitly stated but only hinted. Keep this in mind. The minimum deposit needed to open an account is $250. Yet, you will not receive any benefits until you upgrade to the Bronze account.
This is a typical tactic used by scam brokers to pressure you into depositing more money. It’s going to be late when you realize what is going on. Try to be mindful of that.
Offshore Brokers’ Fraudulent Tricks
Forex trading comes with the risk of losing money, mainly for beginners. Be cautious and always research the broker before opening an account. You should know that even experienced investors do the same when working with reputable brokers.
Many fake sites like to pose as brokers, mainly those that promise easy profits. Stick with regulated brokers to avoid falling for scams.
Scammers often promise huge returns for small investments and pressure you to deposit more money. After you do, your funds will be gone, and you won’t see a single penny of the promised returns. It will also become impossible to reach the minimum withdrawal amount.
These fraudsters often use phony names and addresses, making it impossible to trace or hold them accountable.
Recommended Forex Brokers
A list of the most reliable brokers can be found in the table below. Make sure you check out some of them!
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Avoid this bogus broker at all costs. The review highlights multiple reasons to steer clear of this investment scam, including the use of fake trading software and a bogus address.
If you have encountered any issues with this scam broker, please reach out to us. We are here to assist you in reporting their unethical practices.
FAQs About LeaderFinancing Broker
Is LeaderFinancing a Good Broker?
It appears that there may be concerns about the company and it’s suggested to avoid them.
What Is The Minimum Deposit for LeaderFinancing?
The minimum deposit requirement for LeaderFinancing is $250, according to their website.
Does LeaderFinancing Offer a Demo Account?
This broker does not support a demo account. There is only a live trading account available.