LeaderFinancing Review – All you Need to Know About LQDFX.Com
Despite presenting itself as a top forex and CFD broker with more than 25 years of experience, Leaderfinancing is simply a fraudulent scheme. The website lacks credibility, as it does not possess a legitimate forex license and exhibits the characteristics of a blatant hoax.
Anyone considering trading should exercise caution and carefully consider the information provided in the following lines. Let’s dig deeper into this LeaderFinancing review.
|Canary Wharf, London, UK
Regulation and Security of LeaderFinancing
Leaderfinancing asserts that its headquarters are in London. However, we find it difficult to believe that due to the absence of regulatory oversight. Forex and CFD brokers who operate in the UK are regulated by the Financial Conduct Authority (FCA), yet Leaderfinancing is not.
Upon examining the Regulator’s registers, we discovered that no broker or company by the name of Leaderfinancing was listed. That alone serves as a clear indication that Leaderfinancing is a fraudulent operation.
Furthermore, the inability to authenticate a new broker’s identity in the registers of an official regulatory institution such as the FCA in the UK raises significant doubts about the veracity of the broker’s claims, including the legitimacy of its supposed London address. As a result, the website is anonymous.
Trading Platform Overview
Leaderfinancing alleges that it provides an award-winning trading platform, but in actuality, we could not access any trading platform despite registering for a trading account. It is essential to recognize that the absence of proven and professional trading software, such as the industry-standard MetaTrader4 or MetaTrader5, serves as another clear indication that Leaderfinancing is a fraudulent enterprise.
MetaTrader5 is indisputably the most widely used trading platform in the forex industry, with a 4.5-star rating, over 403,000 reviews, and more than 10 million downloads on Google Play. The popularity of MT5 is attributed to its real-time quotes, financial news, and a variety of FX and stock charts.
LeaderFinancing claims that it provides a WebTrader compatible with mobile and desktop devices. However, after you register, you can only see the platform once you make the initial deposit. Furthermore, to deposit, you must give your personal information.
In summary, it is necessary to place a deposit before being allowed to view the available platforms, leverage and spread. This process seems highly suspicious. Legitimate brokers typically display this information upfront, before opening an account with them.
Funding Methods at LeaderFinancing
LeaderFinancing’s website states that it accepts payment methods including Visa, Mastercard, Maestro, and bank transfers. However, upon registering, we tried to fund our account and were given a choice of several currencies to select from and the amount we wished to invest. However, there was no indication of the available payment method.
Reputable brokers offer various payment methods, such as cards, bank transfers, and e-wallets like Skrill, Neteller, PayPal, and crypto. Traders usually prefer cards or e-wallets as they provide the opportunity to dispute charges in case of fraud.
Cryptocurrency transactions are much harder to trace, making them a preferred payment method for scammers. If a broker only accepts cryptocurrency, it could be a sign of fraud.
LeaderFinancing Account Types Available
Potential customers can choose one of the four LeaderFinancing trading accounts:
- Bronze – $10,000
- Silver – $25,000
- Gold – $50,000
- Premium – $100,000
Upgrading to higher account levels offers additional benefits, including VIP trading signals, increased leverage, and guidance sessions. However, the specifics of trading terms, such as leverage, are only briefly referenced and not displayed.
While the minimum deposit is $250, benefits are only accessible to those who upgrade to the Bronze account. Fraudulent brokers use these tactics to induce individuals into depositing more money before fully comprehending the potential risks involved.
Implementation of the Scam
Beware of online scammers who constantly invent new ways to deceive people. Offshore brokers aim to make you invest plenty of money and disappear with it. Look out for red flags like unsolicited emails and promises of risk-free, high-return investments.
Scammers manipulate their software to make it seem like they’re making huge profits, and may offer welcome bonuses with unrealistic requirements. If you try to withdraw your funds, scammers may ask for a fee and prevent you from accessing your money. Don’t fall for these tactics and protect yourself from financial loss.
LeaderFinancing is an unlicensed forex broker claiming to be based in the UK. However, it is operating illegally without a forex license.
The broker intentionally hides important information, such as its trading conditions and platform type, until you place a deposit.
Is LeaderFinancing Regulated?
This broker is not regulated at all. You should stay away from it as you will lose all your money.
Is LeaderFinancing a Trustworthy Broker?
This broker is not trustworthy. Never trust it with your funds as you can end up with empty pockets.
What Funding Methods Does LeaderFinancing Accept?
This broker claims to accept cards such as Visa, Mastercard, Maestro, and bank transfers.