Leanx global Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Business
License
Leverage options are quite flexible, up to 500:1 and its tradingweb supports various order types. I haven’t experienced any major outages, a plus. The execution is fairly consistent.
Summary: Leanx Global, a relatively new forex broker established in 2023, has garnered mixed reviews, largely due to its unregulated status and concerns about user safety. While it offers a diverse range of trading instruments and advanced trading tools, the lack of regulatory oversight raises significant red flags for potential investors.
Note: It is important to recognize that Leanx Global operates under different entities across various regions, which can impact user experience and regulatory compliance. This review aims to provide a balanced perspective based on available information.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Experience | 5 |
| Trustworthiness | 2 |
| User Experience | 4 |
| Overall | 4.33 |
How We Rate Brokers: Our ratings are based on comprehensive data analysis, user feedback, and expert opinions regarding various aspects of the broker's offerings.
Leanx Global was founded in 2023 and is headquartered in the United States. The broker positions itself as a platform offering a wide array of tradable assets, including forex, precious metals, crude oil, indices, and cryptocurrencies. It utilizes the Trading Web platform, which supports over 330,000 clients and includes more than 50 technical indicators. However, it currently operates without any valid regulatory oversight, which is a significant concern for potential traders.
Leanx Global is unregulated, which is a critical point of concern. The absence of oversight by recognized financial authorities means that there is little to no protection for traders' funds. As reported by WikiFX, the broker has a low trust score of 1.22/10, indicating high potential risks associated with trading through this platform.
The specifics regarding supported deposit and withdrawal currencies remain vague, with no clear information provided in the available sources. However, its essential for potential users to confirm this information directly on the broker's website or through customer support.
The minimum deposit requirement is not explicitly stated in the available sources, which adds to the uncertainty surrounding the broker's transparency.
There is no information available regarding bonuses or promotional offers from Leanx Global, which could impact the attractiveness of the broker for new traders.
Leanx Global offers a diverse range of trading instruments, including:
Leanx Global provides floating spreads starting from as low as one point. However, specific details regarding commissions and other fees are not clearly outlined, which could lead to unexpected costs for traders.
The broker offers flexible leverage options ranging from 1:100 to 1:500, allowing traders to amplify their positions. While this can enhance potential rewards, it also increases the risk of significant losses.
Leanx Global primarily uses the Trading Web platform, which is noted for its extensive features and user-friendly interface. However, it does not support popular platforms like MT4 or MT5, which may deter some traders accustomed to these systems.
The broker does not provide clear information on restricted regions, which is critical for potential users to understand before opening an account.
Customer support is available primarily in English, with contact options through email. However, the lack of multiple language support may limit accessibility for non-English speaking clients.
The account conditions score a 5 due to the lack of transparency regarding minimum deposits and withdrawal processes. The absence of clearly defined account types also adds to the ambiguity.
Leanx Global scores a 6 for its trading tools, including advanced features in the Trading Web platform. However, the lack of educational resources and market analysis tools may hinder inexperienced traders.
With a score of 4, customer service appears limited, primarily relying on email communication. The absence of live chat or phone support can be a significant drawback for users needing immediate assistance.
The trading experience is rated at 5, reflecting the platform's user-friendly interface but also the concerns regarding execution quality and the lack of a well-known trading platform like MT4 or MT5.
Leanx Global's trustworthiness is rated at 2, primarily due to its unregulated status and the associated risks. Traders should exercise extreme caution when considering this broker.
The user experience is rated at 4, as the platform offers some useful features but lacks the transparency and support that many traders expect from a reputable broker.
In conclusion, while Leanx Global offers a range of trading instruments and some advanced tools, its unregulated status and lack of transparency raise significant concerns for potential traders. It is crucial for users to weigh the benefits against the risks before engaging with this broker. Always conduct thorough research and consider using regulated alternatives to ensure the safety of your investments.
FX Broker Capital Trading Markets Review
