Leeds Capital FX Broker - Is It A Legit Or Scam?

Overview of Leeds Capital

Leeds Capital is a 21-year-old online FX and CFD broker. According to the company's website, its headquarters are in Australia. The firm allows customers to trade in forex, commodities, and cryptocurrency using its own platform. While there is no information on the supported account types, the firm has not disclosed its price structure. The broker accepts bank transfers and cryptocurrency payments. Customers who wish to learn more but are unable to do so due to Leeds Capital's lack of educational tools may be frustrated. Even though the broker hasn't given a phone number, customers can still reach the company by email or live chat.

Is Leeds Capital Regulated？

Leeds Capital is owned and run by Leeds Capital Holdings Limited, which has a financial services license (AFSL No. 440193) from the Australian Securities and Investments Commission. (ASIC). The license number is checked against the authority's database to make sure it is correct. According to the ASIC website, the firm does not have a license to market foreign exchange (FX) services or products to retail consumers.

Traders Feedback

Because the broker is new to the sector, there are no evaluations or postings on social media networks. However, the ones we discovered were dreadful. Customers had different problems with the company, but withdrawal problems seemed to be the most common. Clients say that the broker doesn't carry out withdrawal requests even when all conditions are met, such as when the account has been verified.

Why do we suspect Leeds Capital is a scam broker？

The primary cause of this is the lack of a regulatory check by any regulatory body. The broker's website also doesn't have an official address or phone number, which suggests that it wants to stay anonymous. Furthermore, the organization does not use any third-party trading platforms, which is another red flag that raises concerns about the broker's integrity.

Also, the bad design of the company's website shows a lot about how uncompetitive the broker is. There is no information, for example, on the supported financial markets, spreads, fees, account types, and so on. The broker didn't bother giving the facts in order to seem more professional.

How Does Leeds Capital Scam Clients？

After signing up with Leeds Capital, customers are contacted by phone calls and emails. According to consumers, the firm requests that they deposit money into their accounts and follows up with them until they do so. When the broker realizes you've been bled to the last drop of blood, it separates you as if it doesn't know who you are. It does not return your calls or respond to your emails.

How to Spot a Scammer Forex Broker

If you pay close attention to important information, it's not hard to spot a forex fraudster. For example, you should always check with the relevant regulatory authorities to find out how your potential broker is regulated. Also, as was already said, the Forex broker is new to the business, and you can see some of their traders' worries already. This may also assist you in determining if the company is real or whether you should avoid joining it. WikiFX can be a great help in identifying broker's regulatory status.

How to Spot Leeds Capital Using WikiFX

The WikiFX App is a forex trading search engine. It is offered as both a web and mobile app.

Here's how to find Leeds Capital on the WikiFX Mobile App.

First: Launch the WikiFX App on your browser. To access the mobile app, type www.wikifx.com or download the app from the App Store or Google Play Store and install it on your phone.

Second: The search box in the WikiFX App should be visible in the top right corner of the screen. Enter the broker's name, such as Leeds Capital, then press enter.

Third: Anticipate a flood of results, including copied websites.

Fourth: Choose the correct broker based on their official website URL.

Fifth: After selecting the appropriate broker, you should see all of the information you want, including complaints from its traders and reviews. If it's accurate, you should be able to see their offices based on their locations, as well as their licenses or regulating agencies.

If you want assistance, please contact WikiFX Support using the information provided below.

Bottom Line

Forex trading is not a quick way to make money. To understand the art of trade, you must first burn your blood. Always be wary of brokers that promise unrealistic profits in a short period of time since they are a most likely scam brokers. With any brokerage, it is better to start modestly and gradually increase your investment. You may also prevent large losses by understanding how your broker's firm as a whole is doing.

Leeds Capital web address: https://www.wikifx.com/en/dealer/4241020745.html

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