Leon Markets firm is operated by Zoltech Solutions LTD. This firm was registered in 2023 in the Marshall Islands, and that doesn’t make it reliable from the start. However, there are offshore companies that could be trusted.
The main difference comes with credibility and regulations. But to find out other signs, make sure you read this Leon Markets review carefully.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Leonmarkets.com |
| Have Warnings from: | BCSC, CSA |
| Registered in: | Marshall Islands |
| Operating since: | 2023 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | $250 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptocurrencies, Forex, Commodities, Indices, Shares |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Once a company earned warnings from trusted regulators their withdrawals immediately become questionable. Therefore, if you experience any issues during the procedure, contact our chargeback specialists for assistance. |
Legal info: Is Leon Markets legit or a scam?
Our readers have to know that only top-tier regulated firms can be legit. Without regulations, any company can change its business model and start scamming traders. Therefore, make sure you are working with companies holding FCA, BaFin, ASIC, or any similar quality license.
However, Leon Markets doesn’t have any. In fact, they are on a warning list of the British Columbia Securities Commission. Also, the same warning was republished by CSA recently. Consequently, all the broker’s activities become questionable.
Who are Leon Markets’ clients?
Generally speaking, fraudsters don’t hesitate even to scam traders from strictly regulated countries. But that’s why we need your help to expose them.
Feel free to leave a comment below or contact us directly and share your experience with this company. Especially if you are coming from countries where they operate the most, such as:
- United States
- Canada
- Serbia
- Italy
- Spain
Traders Reviews
Considering multiple warnings, it’s quite strange that Leon Markets reviews come out positive. However, 17% of comments out of 12 in total on Trustpilot are already negative. But before you start reading comments about any broker, make sure you know the security basics.
In any case, we recommend you request a withdrawal from this broker immediately. If you experience any issues there, our refund specialists are available for consultation.
Leverage, Commissions, Spreads, Fees and Taxes
As an offshore broker, leonmarkets.com offers insanely high leverage of up to 1:400, but it is even higher for some accounts. Yet, more details are not revealed. On top of that, you don’t have negative balance protection, and you are exposing your funds to an extreme risk.
Important to realize is that this investment firm doesn’t reveal any other trading costs. Neither do they mention commissions, fees, or spreads. But even if that’s transparent, with unlicensed brokers, that’s irrelevant. As you can see from our CryptoTierMint review.
Bonuses
One of the easiest ways to manipulate traders is through bonus funds. Mostly through the minimum trading volume that is required to be able to request a withdrawal. But in the case of Leon Markets, the company can cancel bonuses and even withdrawals.
According to their Bonus Policy, everything you profited from the bonus is subject to cancellation. But who determines what’s that? This scamming swindler, of course.
Leon Markets Trading Features
Important to realize is that the feature the company advertises can be found anywhere. Those are the economic calendar and market updates. But if you are looking for some advanced tools and options, you’ll have to look elsewhere since this broker doesn’t offer either social trading or EAs.
Trading Platforms Available
Another key warning sign is that the company doesn’t use trusted software. The main benefit of third-party solutions is that brokers can’t manipulate them. Unlike web-based platforms, where they can change market data easily, which is exactly something you can expect from this company.
But to find out how to recognize these things, check our Cryptic Investment review.
Available Trading Assets
Apparently, the company offers more than 420 assets from five categories. Yet, without transparent access to the platform, you can’t check these statements. Neither do they offer a demo account. In any case, what’s expected 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
Account Types
The account types don’t reveal much of benefits. In fact, there are none. The only difference in the account types goes with leverage and minimum deposit requirements. Considering all the issues with the company, their minimum of $250 is quite unacceptable. Anyway, the accounts you can choose are:
- Standard – $250
- Silver – $5.000
- Gold – $20.000
- VIP – $100.000
- Islamic – $10.000
Mobile Trading App
If the company is using only a web-based platform, mobile apps can’t be expected. Therefore, iOS and Android users will have a huge disadvantage over traders who are using trusted apps. In general, that’s why we usually recommend traders use cTrader or MetaTrader. Of course, with licensed firms.
Demo Account
As mentioned, a demo account is not a part of Leon Markets’ offer. Most likely due to numerous flaws of the platform that could be exposed. Luckily, our Leon Markets review helps you understand them all before throwing your money away.
Leon Markets Withdrawal
As for the withdrawal methods, the company offers many, including bank cards, wire transfers, e-payments, and crypto. Important to realize is that the first withdrawal on a verified account is free of charge. Every other includes a $30 withdrawal fee or 3.5% for card transfers.
Note that the withdrawal processing time is not revealed. However, there are many clauses in T&Cs revealing the company has the right to terminate the account for numerous reasons.
Customer Support
Another warning sign is that the company doesn’t have reliable contact options. In fact, there are three options. Those are:
- e-mail,
- web form, and
- live chat.
Yet without any working hours disclosed. As can be seen, their live chat agents are not available 24/7. Not to mention, they are not offering call center support.
Key Information To Consider About Leon Markets
Generally, this broker has none of the trusted licenses, and you don’t have a single reason to trust them. Especially after warnings from Canadian institutions. If they were offering at least transparent conditions and trading software, it would be different. But not without trusted regulations in any case.
All in all, too many variables are included in trading with this brokerage. Most likely, withdrawals won’t happen. Various problems may be caused, and if you are the one experiencing issues, contact us. Our refund specialists can guide you step-by-step on getting your money back. Book your consultation today!
FAQ Section
Is Leon Markets Legit?
If you include warnings from regulators in the calculation, no. In addition to that, they are an offshore-based company.
Is Leon Markets Broker Regulated?
No. Leon Markets broker doesn’t have any licenses, especially not from trusted regulators.
What Can I Do If I Lost Money In an Online Trading Scam?
The solutions vary and depend on the problem. To find out what are your next steps, we suggest you book a free consultation with our refund specialists.
