FX-leader Forex Broker

General Information & Regulation FXLeader is owned and operated by Leadernet OU, a company based in Estonia. The firm is not regulated by the Estonian Financial Supervisory Authority (EFSA), which is in charge of financial service providers. Actually, it seems that the broker operates under St Vincent and the Grenadines (SVG) jurisdiction, as allegedly it uses the services of FXLEADER LTD – a company registered SVG – as a liquidity provider and market-maker. Market Instruments FXLeader offers trading in quite a lot currency pairs and wide range of CFDs: on commodities, indices, shares, as well as the most popular cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin, and others). Minimum Deposit While several account types are provided by FXLeader, the lowest account type at this broker requires an initial investment of $200, which sets the entry bar a bit high, considering the fact that a number of reliable and licensed brokers require less. Leverage Traders can have the ability to trade with 1:400 leverage at FXLeader, but it doesnt mean that you have to use it to the full all the time, as ratios as high as this also involve greater risk of losses. Spreads & Commissions The spreads provided by FXLeader, which we saw when testing their platform in live mode (without depositing) were rather high, fixed at 3.0 pips on EUR/USD. Most fixed-spread brokerages offer 2 pips or even lower. Trading Platform Available Trading at FXLeader is done with a web-based platform (and mobile apps are also available), which is quite simple. Deposit & Withdrawal Deposit and withdrawal payment methods are missing on the FXLeader website, which is weird. Many brokers usually offers some funding options like Wire transfer, Visa, Mastercard, as well as some e-wallet like Skrill and Neteller.