Leon Markets Review: Don’t Fall For This Scam Brokerage Trap

Is Leon Markets Legit or Scam?

While Leon Markets claims to be a social trading platform, a closer look reveals a lack of transparency and blatant disregard for regulations. This raises serious concerns about their legitimacy and intentions.

Company Overview:

Services or Products:

It appears that the business provides over 420 assets in five categories. However, you are unable to verify these claims without clear access to the platform. They don’t provide a demo account either. Regardless, the anticipated outcome is:

• Forex – USD/JPY, EUR/SEK, GBP/HUF
• Commodities – gold, platinum, crude oil
• Shares – Amazon, Bank of America, Tesla
• Indices – ASX 200, FTSE 100, Dow Jones
• Cryptocurrencies – BTC, ETH, XRP

If you have lost money to companies like Profit ROP, or Trending AP; please report it to us on our report as a scam form.

Trading Platform & Leverages:

The fact that the business does not employ reliable software is another serious red flag. The primary advantage of third-party solutions is their immutability to brokers. As opposed to web-based systems, where they can readily alter market data—exactly what you would anticipate from this business.

Leonmarkets.com is an offshore broker that provides absurdly high leverage of up to 1:400, with even greater leverage available for some accounts. However, further information is kept a secret. Furthermore, you are taking a significant risk with your money because you lack negative balance protection.

Spreads and Cost of Trading:

It’s crucial to understand that this investing company withholds information about additional trading fees. They also do not indicate spreads, fees, or commissions. However, with unlicensed brokers, it doesn’t matter if that’s visible.

License and Regulations:

Our readers must understand that legitimate businesses can only be legitimate ones. Without rules, any firm may start con artists by switching up its business strategy. Thus, confirm that the businesses you are dealing with have FCA, BaFin, ASIC, or any other comparable quality license.

Legal Warning Against Leon Markets:

Leon Markets, though, is devoid of any. In actuality, the British Columbia Securities Commission has placed them on a warning list. Additionally, CSA just issued the same caution. As a result, all of the broker’s actions are called into doubt.

Deposit and Withdrawal Methods:

The organization provides a wide range of withdrawal options, such as bank cards, wire transfers, e-payments, and cryptocurrency. It’s crucial to understand that the initial withdrawal from an authenticated account is complimentary. A $30 withdrawal charge or 3.5% for card transfers is included in all others.

Be aware that the processing time for withdrawals is not disclosed. But as the T&Cs make clear, the corporation can terminate an account for a variety of reasons.

Leon Markets Pros and Cons:

Why Dealing With An Unlicensed Broker Is Risky:

Unregulated brokers like Leon Markets operate outside the law, leaving you with no legal recourse if things go wrong. They can manipulate markets, impose unfair fees, and even disappear with your funds.

Client Feedback

Limited client reviews exist for Leon Markets, and the available ones raise serious red flags, citing difficulties with withdrawals, unresponsive customer service, and suspected manipulation.

How Can “Reviews Advice” Help You If You Get Scammed?

While we cannot recover lost funds, ReviewsAdvice aims to educate investors and expose fraudulent practices. We encourage you to report your experiences with Leon Markets to relevant authorities and raise awareness to protect others.

Also, we can provide free consultation for the victim. During this call, we offer professional guidance and recovery service recommendations to help you in recovering the lost funds or you can report to us today by the below form.