FXLeader is an unlicensed Forex & Crypto CFD broker, which opened in March 2018. For withdrawal problems and complaints, read this.
Our review of FXLeader shows that they are offering investors, a simple trading platform made by TraderSoft. Their software has CFD’s, Crypto Currencies, and Simplified Forex trading, available on hundreds of underlying assets in the markets of Forex, Stocks, Commodities and Market Indices.
As with many CFD brokers, the difference is the level of leverage offered on the various underlying assets. Bitcoin CFD trading is available for example, at a 1:10 leverage with spreads of $135. Minimum deposit for a basic fixed spread trading account is $250. This broker does not offer MT5 or mobile apps, you can only use their web based trading software.
Bonus money is added to your account once you make a deposit. Before you can withdraw your money, you will need to generate trading volume of 60 times your initial deposit. This is a major cause of complaints, and it is the reason why ESMA banned to use of bonuses at licensed broker, read more.
Get Rich Quick Scams
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FXLeader License Check
When the Scam Broker Investigator reviews a new Forex broker, the best way to know if they are a legitimate broker is by checking for a valid license. Many legal Forex brokers, are licensed by a local regulator like ASIC in Australia, FCA in the United Kingdom or by FSB South Africa.
FXLeader is not licensed and not regulated. The FCA issues a warning to investors about this broker, read this. Formerly, they were owned by; Leadernet OU, 5 Friedrich Robert Faehlmanni, Talinn 10125 Estonia.
Officially owned and operated by Fxleader Limited, which is located at: Suite 305, Griffith Corporate Centre, Beachmont PO Box 1510, Kingstown, Saint Vincent and the Grenadines. Contact phone number in South Africa is: +27445180570 and from the United Kingdom: +442033183212.
Customer support email is: firstname.lastname@example.org, and the official website was: FXLeader.com, and it has now moved to FX-Leader.com
Compare Licensed Brokers
With hundreds of brokers to choose from, traders usually choose one of the best brokers. Smart traders always verify that the broker they are going to invest with, is also licensed in their local country. You can find a list of all the popular Forex brokers here.
Plus500 is a unique broker, because they don’t have annoying high pressure salesmen!
They are a very large broker that is regulated in multiple jurisdictions, see here.
Try their Free Demo Account, signup here.
*76.4% of retail CFD accounts lose money
What was your trading experience with FXLeader like? Please leave your review in the comments below.