Is Fxleader Scam or Legit Broker?

FXLeader is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator (See our Regulated Brokers‘ reviews). It is NOT SAFE to trade FXLeader. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable.

About FXLeader
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is FXLeader safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is FXLeader?

FXLeader is a forex broker operated by Leadernet OU, based in Tallinn, Estonia. However, FXLeader is not regulated by the Estonian Financial Supervisory Authority. The terms and conditions of the company mention the service provider company FXLEADER LTD., based in Saint Vincent and the Grenadines.

  • It seems that the company actually operates from the offshore area. The offshore areas are quite beneficial for the brokers because of the low-cost licenses and minimum taxation. For traders, offshore zones are dangerous because of the little focus on customer protection. Moreover, UK’s FCA has issued a warning against FXLEADER, which is one more reason to avoid this broker.
  • That is why we advise dealing with brokers regulated by the UK’s FCA or any other reputable regulator. For instance, The license from the UK’s Financial Conduct Authority requires EUR 125,000 of capital (aside from client deposits) for the STP license (Find out the best STP forex brokers). The regulator also protects customers when authorized financial services firms fail. Check the list of FCA-regulated brokers here

FXLeader review

FXLeader Review Conclusion

We strongly advise opening a trading account only with brokers regulated by respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets, BDSwiss, or  FBS.

FXLeader Update

Our research showed that the FXLeader Website is inactive. Since money safety in forex goes first we recommend avoiding any proposals from FXLeader and staying alert. 

No news available.

Leave a Reply

Your email address will not be published.

* code