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Levels foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://fxlvls.com, about the company's legal and temporary regulatory information, the company's address Ground floor, The sotheby building, Rodney Bay, Gros-Islet, Saint-Lucia P.O Box 838, castries, Saint Lucia.

Levels Forex Broker

Basic Information

Registered Region
Saint Lucia
Operating Period
--
Company Name
Levels Ltd
Abbreviation
Levels
Company employee
--
Customer Service Email Address
support@fxlvls.com
Contact Number
+2034245867
Company Website
Company address
Ground floor, The sotheby building, Rodney Bay, Gros-Islet, Saint-Lucia P.O Box 838, castries, Saint Lucia
Keywords
1-2 years
Suspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk

Company profile

Levels Review SummaryFounded2024Registered Country/RegionSaint LuciaRegulationNo regulationMarket InstrumentsForex, commodities, stocks, indices, cryptosDemo Account✅LeverageUp to 1:1000SpreadFrom 0.9 pips (STP account)Trading PlatformMT5/cTraderMinimum Deposit$100Customer Support24/5 supportLive chat, contact formTel: +20 34245867Email: support@fxlvls.comRegional RestrictionsIran, Cuba, Sudan, Syria, North Korea, United States, and Hong Kong Levels Information Levels is an unregulated broker, offering trading on forex, commodities, stocks, indices and cryptos with leverage up to 1:1000 and spread from 0.9 pips on MT5 and cTrader trading platform. The minimum deposit requirement is $100.Pros and ConsPros Cons Tight spreadsCommission fees chargedDemo accountNo regulationVarious trading productsRegional restrictionsMT5 platformVarious account choicesPopular payment optionsIs Levels Legit? No. Levels currently has no valid regulations. Please be aware of the risk!What Can I Trade on Levels? Levels offers trading on forex, commodities, stocks, indices and cryptos.Tradable Instruments Supported Forex✔Commodities✔Stocks✔Indices ✔Cryptos✔Bonds❌Options❌ETFs❌Account Type Here are four account types Levels offers:Account TypeMinimum DepositSTP$100ECN$1,000INST$25,000PAMM$1,000LeverageAccount TypeMaximum LeverageSTP1:1000ECN1:200INST1:100PAMM1:1000 Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.Levels Fees Trading Fees Account TypeSpreadCommissionSTPFrom 0.9 pips❌ECNFrom 0 pips$4INSTFixPAMM❌ Swap Rates Levels provides swap-free accounts.Account TypeSwap-free acocunt STP❌ECN✔INST✔PAMM✔Trading Platform The website shows that it offers MT5 and cTrader as trading platform. However, cTrader seems unavailable now.Trading PlatformSupported Available Devices Suitable for cTrader ✔/All tradersMT5✔Desktop, mobileExperienced tradersMT4❌/BeginnersDeposit and Withdrawal Levels accepts payments via credit card, visa/master card, bank wire, Neteller, Skrill, online banking, crypto currency BTC/USDT and WebMoney. The website shows that it offers instant withdrawal, but not further information specified. No minimum withdrawal amount defined and no fees or charges specified.

Rating Index

PAMM

Minimum Deposit
$1,000

INST

Minimum Deposit
$25,000
How to login to Levels?
Levels Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Levels Account Creating a Levels account is the first step towards accessing a variety of tools designed to help you track and improve your metabolic health. Fol

  

Levels Forex Broker - Complete Information Guide

  

1. Broker Overview

  Levels is a forex brokerage that was established in 2023 and is headquartered in Saint Lucia. It operates as a private entity, offering its trading services primarily to retail clients. The broker aims to cater to a diverse market, focusing on forex trading while also providing access to various financial instruments. Since its inception, Levels has sought to establish a presence in the online trading landscape, although it has faced scrutiny regarding its regulatory status.

  As an unregulated broker, Levels lacks the oversight of a recognized financial authority, which raises concerns about the safety of client funds and the transparency of its operations. The company has not disclosed significant milestones in its development, and its corporate structure remains obscure, with limited information available about its parent company or affiliations.

  Levels operates on a business model that primarily focuses on retail forex trading, allowing individual traders to access the forex market without the need for extensive capital. However, the absence of regulatory backing may deter potential clients seeking a secure trading environment. The Levels broker aims to provide a platform that facilitates trading in various currency pairs, but the lack of transparency regarding its operations raises red flags for potential users.

  

2. Regulation and Compliance Information

  Levels operates without any regulatory oversight, which is a significant concern for potential clients. The broker has not obtained a license from any major regulatory body, including the Financial Conduct Authority (FCA) in the UK or the Commodity Futures Trading Commission (CFTC) in the United States. This lack of regulation means that Levels does not adhere to the stringent requirements imposed by reputable financial authorities, such as maintaining segregated accounts for client funds or providing negative balance protection.

  The absence of a regulatory license raises questions about the safety of client funds and the overall integrity of the trading environment. Levels does not participate in any investor compensation schemes, which would typically provide a safety net for clients in the event of broker insolvency. Furthermore, the broker has not established a clear Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance framework, which are critical components of a secure trading environment.

  In summary, the Levels broker operates in a high-risk environment due to its unregulated status, making it imperative for potential clients to exercise caution and conduct thorough research before engaging with the broker.

  

3. Trading Products and Services

  Levels offers a limited range of trading products, primarily focusing on forex trading. The broker provides access to a selection of currency pairs, although specific details regarding the number of pairs available have not been disclosed. Clients can expect to trade major currency pairs, as well as some minor and exotic pairs, but the overall offering is relatively narrow compared to other regulated brokers.

  In addition to forex, Levels claims to offer Contracts for Difference (CFDs) on various asset classes. However, the specific categories of CFDs, such as indices, commodities, stocks, and cryptocurrencies, are not clearly outlined in the available information. This lack of transparency may hinder traders looking for a diversified trading portfolio.

  Levels has not made any announcements regarding the frequency of product updates or the introduction of new trading instruments. The absence of a robust product offering may limit the appeal of the Levels broker to traders seeking a comprehensive trading experience.

  The broker's services are primarily geared towards retail clients, with no mention of institutional services or white-label solutions. Additionally, there is no indication of asset management services being offered to clients. Overall, the limited range of trading products and services available through Levels may be a significant drawback for potential traders.

  

4. Trading Platforms and Technology

  Levels provides access to the MetaTrader 5 (MT5) trading platform, which is widely recognized for its advanced trading capabilities. The MT5 platform offers a variety of tools for technical analysis, automated trading, and portfolio management, making it a suitable choice for both novice and experienced traders. However, there is no indication that Levels supports the MetaTrader 4 (MT4) platform, which remains popular among many traders.

  In addition to MT5, Levels also offers a web-based trading platform that allows users to trade without the need for software downloads. This platform is accessible from any web browser, providing flexibility for traders who prefer not to install additional applications. The availability of mobile applications for iOS and Android devices is not specified, which may limit the accessibility of trading services for users on the go.

  Levels operates on an execution model that has not been explicitly defined in the available information. The lack of clarity regarding execution modes, such as ECN, STP, or Market Making, raises questions about the transparency of trade execution and pricing.

  The broker's technical infrastructure, including server locations and overall technology framework, remains undisclosed. Furthermore, there is no mention of API access or support for automated trading strategies, which are increasingly important features for modern traders. The limited technological offerings may be a disadvantage for traders looking for advanced trading capabilities.

  

5. Account Types and Trading Conditions

  Levels offers a standard account type that requires a minimum deposit of $100. While specific details regarding the spreads and commissions associated with this account type are not provided, it is noted that the broker claims to offer low spreads and no commission charges. This could potentially attract traders looking for cost-effective trading options.

  For more advanced traders, Levels does not explicitly mention any premium or VIP account types, which may limit the options available for those seeking enhanced trading conditions. The broker does not appear to offer specialized accounts, such as Islamic accounts or corporate accounts, which are commonly found in the industry.

  The availability of a demo account for practice trading is not mentioned, which could deter novice traders who wish to familiarize themselves with the trading platform before committing real funds. The leverage offered by Levels is unspecified, which adds to the uncertainty surrounding trading conditions.

  Regarding minimum trade sizes, Levels does not provide specific information, leaving potential clients in the dark about the trading conditions they can expect. Furthermore, the broker's policies on overnight fees and other trading costs are not detailed, which may raise concerns for traders who wish to understand the total cost of trading with Levels.

  

6. Fund Management

  Levels supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. However, the specific payment options available to clients are not clearly outlined, which may limit the convenience of funding accounts. The minimum deposit requirement varies by account type, with the standard account requiring a minimum of $100.

  The processing time for deposits is generally quick, with many methods offering instant funding. However, there is no information regarding any deposit fees that may apply, which could affect the overall cost of trading with Levels.

  Withdrawal methods and restrictions are not explicitly detailed, leaving potential clients uncertain about how they can access their funds. The processing time for withdrawals is reported to range from 5 to 10 business days, which is relatively standard in the industry. However, the lack of clarity regarding withdrawal fees and potential limitations may deter clients from investing with the Levels broker.

  Overall, the fund management practices at Levels appear to lack transparency, which is a significant concern for potential clients considering the broker.

  

7. Customer Support and Educational Resources

  Levels offers customer support through various channels, including phone and email. However, specific details regarding the availability of online chat or social media support are not provided. The broker's service hours and time zone coverage are also not specified, which may impact clients seeking timely assistance.

  Multilingual support is not mentioned, potentially limiting accessibility for non-English speaking clients. The absence of comprehensive customer support options may hinder the overall trading experience for users.

  In terms of educational resources, Levels provides limited information on the types of materials available to clients. While there is mention of market analysis services, such as daily analysis and research reports, the depth and breadth of these resources remain unclear.

  The broker does not appear to offer a wide range of educational materials, such as webinars, tutorials, or e-books, which are essential for traders looking to enhance their knowledge and skills. The lack of robust educational resources may deter novice traders seeking guidance in navigating the forex market.

  

8. Regional Coverage and Restrictions

  Levels primarily serves clients in various regions, although specific details regarding its target markets are not disclosed. The broker's regional office distribution is also unclear, which may limit its ability to provide localized support and services.

  There is no explicit list of countries or regions from which Levels does not accept clients. However, the absence of regulatory oversight may pose challenges for clients in jurisdictions with strict financial regulations. Potential clients are advised to verify their eligibility to trade with Levels based on their local laws.

  In conclusion, while Levels aims to provide trading services to a broad audience, the lack of transparency regarding its operations, regulatory status, and product offerings raises significant concerns for potential traders. The Levels broker must address these issues to establish a more secure and trustworthy trading environment for its clients.

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Latest Reviews

FX2160455570

FX2160455570

Vietnam

scam, can not make withdrawal

Exposure

01-08

Sara.

Sara.

New Zealand

Their platforms are user-friendly, and I appreciate the transparency with no hidden fees. The customer support is responsive, and the security measures, like negative balance protection, give me peace of mind while trading. Overall, a trustworthy platform for my trading needs.

Positive

2024-08-14

Levels Forex Broker has an overall rating of 1.81, Regulatory Index 0.00, License Index 0.00, Business Index 5.00, Software Index 7.73 Risk Control Index 0.00.