Levicryptotrade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://levicryptotrade.com/signup.php, about the company's legal and temporary regulatory information, the company's address Westfield Liverpool, Macquarie St, Liverpool NSW 2170.
LeviCryptotrade, also known as levi-cryptotrade.com, is a forex and CFD broker that has garnered attention in the online trading community. Established in 2022, the company claims to be headquartered in the United Kingdom; however, there is no verifiable information to support this claim, leading to skepticism regarding its actual location. The broker operates as a private entity, with its ownership structure and key stakeholders remaining undisclosed.
The primary market for LeviCryptotrade includes retail traders interested in forex and cryptocurrency trading. The broker offers various account types to cater to different levels of investors, from beginners to more experienced traders. Despite its relatively short history, LeviCryptotrade has made strides in establishing its presence within the competitive online trading landscape.
However, the company has faced significant scrutiny due to its unregulated status and a lack of transparency regarding its operations. This has led to numerous complaints and concerns about the safety of funds and the overall reliability of the LeviCryptotrade broker.
LeviCryptotrade operates without any regulatory oversight, which poses significant risks for potential investors. The broker does not mention any affiliation with recognized regulatory bodies, and no valid regulatory information can be found regarding its operations. This lack of regulation indicates that the company does not adhere to the strict standards typically required for financial service providers.
As a result, clients of LeviCryptotrade are not afforded the protection that comes with working with regulated brokers. There is no information available on customer fund segregation policies, nor is there participation in investor compensation schemes. Furthermore, the broker does not provide details about its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, raising further concerns about its operational integrity.
Given the absence of regulation, potential investors should approach the LeviCryptotrade broker with caution, as unregulated entities can pose a higher risk of fraud and mismanagement.
LeviCryptotrade offers a range of trading products, including various forex currency pairs and Contracts for Difference (CFDs) on commodities, indices, stocks, and cryptocurrencies. The broker claims to provide access to a diverse array of trading instruments, though specific details on the number of forex pairs and the types of CFDs available are not readily disclosed.
The platform appears to cater primarily to retail traders, offering several account types with varying minimum deposit requirements and bonuses. However, the lack of transparency regarding product offerings and the absence of a clear update policy for new instruments raise concerns about the broker's commitment to providing a robust trading experience.
Additionally, there is no mention of specialized products or proprietary trading tools that could differentiate LeviCryptotrade from other brokers. As a result, potential clients may find themselves at a disadvantage compared to those trading with more established and transparent brokers.
LeviCryptotrade utilizes its proprietary trading platform, which is reportedly designed to facilitate a user-friendly trading experience. However, specific details about the platform's features, functionalities, and performance remain vague. There is no indication that the platform supports widely-used trading software like MetaTrader 4 or 5, which are standard in the industry.
The broker's platform is accessible via a web-based interface, but there are no details about its mobile application for iOS or Android devices. This lack of information may deter traders who prefer mobile trading solutions. Furthermore, the execution model employed by LeviCryptotrade—whether it be ECN, STP, or Market Making—has not been clearly outlined, leading to potential uncertainties regarding trade execution quality.
The absence of comprehensive technical infrastructure details, such as server locations and API access for automated trading, further contributes to the overall lack of transparency surrounding the LeviCryptotrade broker.
LeviCryptotrade offers four different account types, each with varying minimum deposit requirements and bonuses:
The leverage offered by the broker varies depending on the account type and trading instruments, but specific details are not provided. Additionally, the minimum trade size and overnight fees are not clearly stated, which may lead to confusion for potential traders. The lack of a demo account option further complicates the situation for new traders looking to familiarize themselves with the platform before committing real funds.
LeviCryptotrade supports several deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirements vary by account type, with the Basic Account starting at $500. However, the broker does not provide clear information regarding deposit processing times, which could lead to delays in fund availability for trading.
Moreover, the fee structure for deposits is not explicitly outlined, raising concerns about potential hidden charges. Withdrawal methods and limitations are also vague, with reports indicating that clients may encounter difficulties when attempting to withdraw their funds. The withdrawal processing times are not specified, and there are indications that the broker may impose excessive withdrawal fees or conditions, further complicating the withdrawal process.
LeviCryptotrade offers customer support through various channels, including email and online chat. However, there is no phone support available, which may limit accessibility for clients seeking immediate assistance. The service hours and time zone coverage are not clearly stated, leaving potential clients uncertain about when they can reach support representatives.
The broker claims to provide educational resources, including webinars, tutorials, and e-books, but specific details about the types and frequency of these materials are lacking. Additionally, market analysis services, such as daily reviews and research reports, are mentioned but not elaborated upon, leading to uncertainty regarding the quality and depth of the information provided.
The absence of comprehensive trading tools, such as calculators and signal services, may hinder traders' ability to make informed decisions in a competitive market.
LeviCryptotrade primarily targets the retail trading market, but specific details about its regional coverage and office locations are not readily available. The broker claims to serve clients in various regions; however, there is a lack of clarity regarding the specific countries or territories it operates in.
Additionally, it is important to note that certain jurisdictions may impose restrictions on trading with unregulated brokers. Therefore, potential clients should verify whether they are eligible to trade with LeviCryptotrade based on their local regulations.
In conclusion, while LeviCryptotrade presents itself as a viable option for forex and CFD trading, the lack of regulation, transparency, and adequate customer support raises significant concerns. Potential investors are advised to exercise caution and conduct thorough research before engaging with this broker. The risks associated with trading through an unregulated entity may outweigh the potential benefits, making it crucial to prioritize safety and security when choosing a trading platform.
FX1239000244
Venezuela
I withdrew $580 and it dropped. My account did not receive anything. I wrote to the support but they they said the payment would not arrive because they went bankrupt.
Exposure
2021-10-29