China|2-5 years| https://leommarket.com
Website
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
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LEOM MARKET LTD
LEOM
China
Pyramid scheme complaint
Expose
I had withdrawn for three days.
The trade is profitable, but it is not possible to withdraw the money. Contact platform to deposit 10% to unlock the account. This is a scam.
I apply for withdrawing money but the system does not approve and requires to pay 2% income tax. So I paid tax to system wallet account for deduction. After submitting, the system blocked my contact, even Email and telegram could not be reached.
This woman is beautiful, well dressed, showing off rich to look at. Will randomly say hello to talk to men and then invite them to trade gold and then invest in the Leom Market website. We top up a little, deposit, withdraw normally, but when I have a lot of money, I won't be able to withdraw. find a refund but not able to withdraw block line immediately don't be fooled When you can't withdraw, the website says that if you want to withdraw, add 10% more money to it. Don't be fooled!!!! Scam website.
They have changed from ectrade-fx.com become to lm-fx.com don't fall prey to these villains
I requested withdrawal but they made me pay 15% income tax of my total account and 20% account security fee. After I complete them, they still won't let me withdraw.
Note: The website - https://leommarket.com is not available and there is no contact information. We assume that the broker LEOM might be closed or run away. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
| LEOM Review Summary in 10 Points | |
| Founded | 2021 |
| Registered Country/Region | China |
| Regulation | No license |
| Market Instruments | N/A |
| Demo Account | N/A |
| Leverage | 1:500 |
| EUR/USD Spread | N/A |
| Trading Platforms | MT4 |
| Minimum Deposit | N/A |
| Customer Support | N/A |
LEOM is an offshore new-established broker which claims to offer leverage up to 1:500 and MT4 trading platform.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
| Pros | Cons |
| • MT4 supported | • No valid regulation |
| • Unavailable website | |
| • Reports of unable to withdraw and scams | |
| • Lack of transparency | |
| • No contact ways |
There are many alternative brokers to LEOM depending on the specific needs and preferences of the trader. Some popular options include:
IC Markets - A highly recommended broker known for its competitive spreads, fast execution, and extensive range of trading instruments.
FXCM - A well-established broker offering a user-friendly trading platform, educational resources, and a wide selection of tradable assets.
RoboForex - A reliable broker with a diverse range of trading accounts, competitive trading conditions, and access to various trading platforms, making it suitable for traders of all levels.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
LEOM lacks valid regulation, and its website is currently unavailable. These factors raise concerns about the safety and legitimacy of the platform. Trading on an unregulated platform carries inherent risks, including potential scams or fraudulent activities. It is recommended to exercise caution and avoid engaging with unregulated brokers like LEOM. Traders should prioritize working with regulated and reputable brokers to ensure the security of their funds and trading activities.
LEOM MARKET offers a leverage of up to 1:500, which means that traders can control positions that are up to 500 times the amount of their initial investment. High leverage can be enticing for traders as it allows for the potential to amplify profits. However, it is essential to understand that increased leverage also comes with higher risk. While it can magnify gains, it can equally amplify losses. Traders need to exercise caution and ensure they have a solid risk management strategy in place when using high leverage.
LEOM offers its clients access to the world financial markets through the MetaTrader 4 (MT4) platform. MT4 is a widely recognized and popular trading platform known for its advanced features and user-friendly interface. It provides traders with a comprehensive set of tools for analyzing the markets, executing trades, and managing their portfolios. The platform offers a wide range of charting capabilities, technical indicators, and customizable trading strategies, allowing traders to make informed trading decisions.
Additionally, MT4 supports automated trading through expert advisors (EAs), enabling traders to automate their trading strategies and execute trades based on predefined rules. With its stability, versatility, and extensive functionality, the MT4 platform offered by LEOM provides traders with a reliable and efficient trading experience in the global financial markets.
See the trading platform comparison table below:
| Broker | Trading Platform |
| LEOM | MetaTrader 4 (MT4) |
| IC Markets | MetaTrader 4 (MT4) |
| FXCM | Trading Station |
| RoboForex | MetaTrader 5 (MT5) |
LEOM allows clients to make deposits using two main methods: wire transfer and Tether. Wire transfer is a traditional method of transferring funds from a bank account to a brokerage account. It typically involves filling out a withdrawal form and providing the necessary banking details to initiate the transfer.
On the other hand, Tether is a digital currency that is pegged to the value of a traditional fiat currency, such as the US Dollar. Clients can deposit Tether into their LEOM trading account by sending the funds to the provided Tether wallet address.
| LEOM | Most other | |
| Minimum Deposit | N/A | $100 |
LEOM's customer service appears to be inaccessible as there is no information provided on how to contact them directly. The lack of a clear and readily available communication channel raises concerns about the level of customer support they offer. Reliable and responsive customer service is crucial in the financial industry, as traders often require assistance, have inquiries, or need help resolving issues related to their trading accounts.
Without a way to reach out to LEOM's customer support team, it becomes challenging for traders to seek assistance or address any concerns they may have. This lack of transparency and accessibility in customer service may significantly impact the overall trading experience and trustworthiness of the broker.
On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Based on the available information, it is important to exercise caution and conduct further research before considering any engagement with LEOM. The lack of valid regulation and reports of issues related to withdrawals and scams raise concerns about the safety and reliability of this platform. Traders are advised to carefully assess the risks associated with trading on an unregulated platform and to seek alternative options that offer more transparency and regulatory oversight.
| Q 1: | Is LEOM regulated？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | Does LEOM offer the industry leading MT4 & MT5？ |
| A 2: | Yes. It supports MT4. |
| Q 3: | Is LEOM a good broker for beginners？ |
| A 3: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and lack of transparency. |
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2022-12-16 19:18
