- Fxleader is a broker to stay away from
- Who and what is Fxleader?
- What services are they offering?
- Legit or scam?
- Unlicensed and unregistered
- Bonus money when you make a deposit
- Their withdrawal scam
- What reviews and previous clients are saying about them
So many trader brokers are starting on the internet. Websites that are all claiming that they are the legit choice for starting to trade and to invest. Fxleader is one of them. However, by now, you will know that there are so many of these traders that are actually scams. Many people are asking if Fxleader is a scam or legit. If you are reading all this given information, you will understand what Fxleader is all about, and that regulators are warning people against this trader broker.
Fxleader is an investment broker and a trader broker. Meaning that they are offering platforms for potential traders to trade and to invest in different investments. They have platforms for CFD’s, Crypto Currencies, and Simplified Forex trading. Making more people interested in joining them.
They opened its doors in May 2018. Making them one of the newer brokers on the market. But this doesn’t mean that they are legit and a recommended broker. You are getting three different subscription options with them. If you are buying the premium subscription, you are going to get benefits that you will not get otherwise. Or, this is what they are claiming.
They are offering services like CFD, cryptocurrencies, simplified forex trading and other investment and trading options. This is one of the reasons why so many people are falling for this broker. They can make use of one deposit but will be able to trade in different services. Making your profit chances to much higher.
But this is also a bigger risk to use services that are offering this huge amount of trading options. This is because they can’t really have all the software and platforms needed for investors to make a profit from.
Now, with the most important question. Is Fxleader a scam or legit? The website is saying that they are legit and registered, but if you are looking closely, you will realize that there might be some things that are dodgy. Things like bonuses and a promise to succeed with trading.
The moment that you search a bit deeper, you will see that regulators are warning people against this site and service. There are many reasons why this site isn’t legit and why you should stay away from it.
First of all, they are unlicensed and unregistered. Meaning that there is no regulator that is able to regulate the site and to make sure that everything is above board. This is similar than going to the black market and purchasing things illegally. There is no one that is able to monitor everything to ensure that you are purchasing something above board.
It is really important to make sure that you see if any website that you are using is legit and have a license for the service. And, it is more important to look for a license number when you are looking for a trade broker.
This is the catch that most people are falling for. They are getting a bonus when they are depositing their first money into their account. They don’t see how much the bonus is going to be, and how much money you need to deposit before you qualify for the bonus. You won’t even know if there is a legit bonus until you have made the deposit. It is now illegal to offer a bonus with depositing money for trading. But, because they aren’t registered, they can do as they please.
Don’t fall for this trap. If the bonus was legit, they would have some terms and conditions about getting the bonus money. And, nowhere are they talking about how much or when you are going to get the bonus money.
This is when you want to withdraw your money, that you see that there is something dodgy about them. And, the reason why most people are reporting Fxleader to authorities. You need to make a profit of 60 times more than your deposit before you can withdraw your money.
This is going to be along time, waiting before you can get your profit withdrawn. And, then there isn’t any guarantee that you are actually going to get the money paid successfully, without encountering any problems. Waiting until you have made more than 60 times your deposit, is a huge amount of money and a long time to wait.
This is the most important part. Previous clients and even regulators are warning against using Fxleader. This is because of the problems and reports that the brokers have. They are unlicensed, unregistered and they are ridiculous with their withdrawal terms and conditions.
People are saying that the bonus money when depositing isn’t legit, the withdrawal takes forever, and the platforms that you can use isn’t recommended. Meaning that this is a scam that people should stay away from.
Fxleader. Scam or a legit broker? After the research that we and other people have done, this is for sure a scam. There are warnings from regulators, and people that already have been scammed. This is a place that you should avoid when you are going to use a broker for investments and trading. There are much better options, where the brokers are actually registered that you can rather use.