LeaderFinancing Review – What’s Wrong With This Forex & CFD Broker?

As of May 2023, the broker (Leaderfinancing.com) has ceased operations. But you can read the article to avoid falling for similar scammers.

Is LeaderFinancing a Forex & Crypto Trading Scam

LeaderFinancing gave us some information about their legitimacy, including 15+ years of experience with thousands of clients. To increase their credibility, they also added a UK address.

Without a license, all this is meaningless. You cannot rely on the Financial Ombudsman to help you if a company isn’t regulated in your area. We therefore checked the LeaderFinancing regulation. Are your funds secure?

Simply put, no. We don’t have any legal documents to help us find a legal jurisdiction. The company did not disclose its owner. LeaderFinancing is not listed in the UK FCA register. However, it does appear in other Tier 1 authorities like ASIC, BaFin and CONSOB.

We encourage you to share any information you may have about this scam broker or its operations. We can use your story to pressure authorities to ban fraud.

LeaderFinancing claims to be a top forex and crypto brokerage. This company claims to be based in the UK, but it is not authorized by the FCA and no other regulator.

Where is LeaderFinancing Broker Scam Active?

LeaderFinancing has been in business since October 4, 2022. Their website was then added to the GoDaddy WHOIS database. Our research shows that the majority of victims are from:

• Germany
• Sweden
• Norway
• UK

Your story could be used to influence authorities’ responses, since there are no regulatory warnings as of the writing of this review.

What trading platforms are available? – Trading Software

On the main page, LeaderFinancing’s trading platform is described as an award-winning trading system. In the section that describes the platform, it is a simple WebTrader. We were unable to even open an account once we tried it.

Although registration is possible through the brokerage, employees must approve the account before it can be made available. We are unable to determine if browser-based software exists or what kind.

We know that LeaderFinancing does not offer third-party software like MT4, MT5, and cTrader. This makes them more reliable than any other WebTrader.

LeaderFinancing’s Mobile App – How do I get it?

The link leads to both iOS and Android mobile apps. Clicking on the link will take you to Exodus, a crypto wallet. We doubt this is related to LeaderFinancing. This wallet is trusted. We believe that the broker will direct you to buy crypto through the wallet and then to transfer it into their hands.

This claim was supported by links to AnyDesk, TeamViewer and other remote access apps. Brokerage can access any device, mobile or desktop, without you consent, including online banking, crypto wallets and funds transfers.

What can I trade with a MarketsBank broker?

The following tradable assets are listed by the company:

• Currency pairs – EUR/USD. GBP/NOK. AUD/SEK.
• Commodities – gold, silver, natural gas
• Indices – DJIA, DAX30, NIKKEI225
• Shares – Amazon, Alibaba and Intel
• Cryptocurrencies – BTC, BCH, USDT

We are forced to trust websites without platform access.

Overview of Trading Accounts: What Are They?

Customers have the option to choose one of four LeaderFinancing trading account:

• Bronze – $10,000
• Silver $25,000
• Gold – $50,000
• Premium from $100,000

Each account comes with more perks such as VIP trading signals and higher leverage. The trading terms such as leverage are not clearly shown or even mentioned.

You can only deposit $250 but get no benefits unless you upgrade to the Bronze account. This trick is often used by scam brokers to get you to deposit more, before you realize that you are being manipulated.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

LeaderFinancing: Video

Below you will find a short video about LeaderFinancing. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about LeaderFinancing!