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LeaderFinancing Review – Don’t Let This Broker Scam You
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LeaderFinancing Review, This is another broker on the list that is operating allegedly from the UK. The UK is interesting because there is London, the second biggest stock market in the world. It’s not the US, which is very strict and highly regulated. But it’s something well-known and not so controlled. As the scammers think so.
Anything online is traceable at some point. Therefore, we will disclose some crucial facts about why not to trade with this anonymous scam broker.
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Is LeaderFinancing Broker a Scam or Legit?
Any broker that doesn’t offer a license or any kind of security for its clients is a scam broker. Same as Leader Financing. These brokers pretend to be from highly trusted countries overall. The point of that is to trick you into believing that they are legitimate.
Digging deeper reveals so many secrets about this Leader Financing Broker scam. First and most important, they are not on the address they provide on their website. The company doesn’t exist in the FCA – UK Regulator – register. Already a bad sign.
Just to make sure that we are telling 100%, we checked as well other Tier 1 Regulators, BaFin and ASIC. As a result, we couldn’t find even a trace of Leader Financing in their register.
Therefore, the conclusion is that this is a complete scam. Now we are going to take a look at some other clues and signs of why this is an investment scam.
What Options Do Traders Have for Online Platforms?
You would expect such a website to have a space station of trading software. But when you take a look at their web trader it looks like a low-quality game. What they brag about in terms of benefits are for some trading platforms essentials.
They only offer a web-based trading platform with limited EA trading tools and indicators. There is no mention of social trading which is a crucial part of the trading arsenal amongst traders.
If you consider that MT4/MT5 trading platform offers advanced charts, indicators, social and EA trading tools, and many more customization, you can say that this web trader is only for beginners.
Besides that, the company doesn’t offer a demo account to check at least how this software works. This is a huge downside. Especially if you compare it with some licensed companies that are offering demo accounts and even micro-accounts.
What is going to diminish your desire for trading with this broker is the unavailability of a mobile version of the platform.
Different Types of Accounts
Customers can choose one from offered accounts:
- Bronze 10.000$
- Silver 25.000$
- Gold 50.000$
- Premium 100.000$
More or less, you get the same in every account type. Personal account manager, trading education, and non-specified trading conditions. The idea of that is that you make an initial deposit of 250$ and after that be convinced to open some of these insanely high trading accounts.
Unfortunately, on the Leader Financing broker website, there is no leverage or spread information available. As that being said, you can only hope for the best.
Market Instruments Traded
All of the tradings that are done through this broker are CFD trading, except for Forex. Those are highly risky and sometimes volatile, like with cryptos. Therefore, you should be extremely careful. However, the company offers 5 different instrument classes:
- Forex – EUR/GBP, USD/AUD,
- Commodities – oil, gold, palladium
- Indices – DAX30, FTSE100, DowJones
- Shares – Alibaba, Tesla, NEO
- Cryptocurrencies – ETH, BTC, BNB
The reliability of the data presented about these assets is questionable since this is an unregulated broker. Sometimes they tend to fake some profits to convince clients to deposit more money.
Deposit and Withdrawal Options
Deposits or withdrawals with a LeaderFinancing broker can be done in 3 ways. With a bank card, bank transfer, or crypto wallet.
Any of these transfers are not an issue when you are depositing the funds. However, when we read Leader Financing reviews, we see that customers have trouble withdrawing their profits. Unfortunately, that is always expected from non-licensed brokers.
Their tactic is to convince non-experienced traders into something that is complete nonsense. The idea is to present you with some fake charges that you have to pay. Sometimes it’s a tax, sometimes it’s a withdrawal fee. Anyway, don’t fall for those stories. Don’t continue the agony.
How Can I Get My Money Back If LeaderFinancing Scam Me?
We know that many people get scammed by these con artists. Don’t be ashamed because it can happen to anyone. If you share your story with us, other potential customers can see what to expect.
Moreover, if you were a victim of a Leader Financing scam, you can always file a request for a chargeback. Our team of experts can assist you with your first steps in recovering your funds! Don’t waste any more of your time because chargebacks are time limited.
Unfortunately, chargebacks are only available if you were using a debit or credit card. If the transaction was made through a crypto wallet it’s a bit more complicated. But not impossible. There is a program called Cipher Trade. Our chargeback team has access to that program and they can help you trace your funds. Get in touch today!
FAQs About LeaderFinancing Broker
What Is The Minimum Deposit For LeaderFinancing?
The minimum deposit is 250$, but after that, you can expect a pitch for some of their account types that start from 5.000$.
How Long Do LeaderFinancing Withdrawals Take?
Based on customers’ complaints, withdrawals don’t happen at all. The company is always giving some excuse why not to process a withdrawal.
Is LeaderFinancing a Trustworthy Broker?
Absolutely not. The company doesn’t have a license, its address is fake and everything about the company is suspicious.