Is Fxleader a scam or a legit?

FXLeader is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. 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

FXLeader broker is not regulated by the Estonian Financial Supervisory Authority Although  FXLeader is a forex broker operated by Leadernet OU, based in Tallinn, Estonia. 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 the traders, offshore zones are dangerous because of the little focus on consumer protection. Moreover, UK’s FCA has issued a warning against FXLEADER, which is one more to avoid this broker.

FXLeader review

That is why we advise dealing with the 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. The regulator also protects customers when authorized financial services firms fail. Check the list of the FCA-regulated brokers here

Conclusion

We strongly advise opening a trading account only with the brokers that are regulated by the 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 AvaTrade and XM.com.

Yet, it is always great to hear your personal opinion about FXLeader. So you may share your experience or thoughts or discuss them below or ask us for additional information.

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