Level Trade Broker Review

Level Trade 2025 Review: Everything You Need to Know

　　Summary: The overall assessment of Level Trade is largely negative, with numerous reports highlighting its unregulated status and questionable practices. Key findings indicate a lack of transparency, poor user experiences, and potential risks associated with trading through this broker.

　　Attention: It is crucial to note that Level Trade operates across various regions, and its different entities may not be subject to the same regulatory scrutiny. This review incorporates a range of sources to ensure fairness and accuracy in the information presented.

Rating Overview

　　How We Rate Brokers: Ratings are based on a combination of user feedback, expert opinions, and factual data regarding the broker's operations.

Broker Overview

　　Established in 2020, Level Trade is an offshore broker based in Dominica, operated by Lollygag Partners Ltd. The broker offers a proprietary trading platform and claims to provide access to various trading instruments, including forex, CFDs, and cryptocurrencies. However, it is important to note that Level Trade does not hold any regulatory licenses from recognized financial authorities, raising significant concerns regarding investor protection.

Detailed Section

• 　　Regulatory Status:

  　　Level Trade is not regulated by any major financial authority, which is a significant red flag for potential investors. Numerous sources indicate that the broker is based in Dominica, a jurisdiction known for its lax regulatory environment. As a result, traders may face heightened risks when trading with Level Trade, as there is no regulatory oversight to protect their funds.

• 　　Deposit/Withdrawal Methods:

  　　Level Trade accepts deposits primarily in cryptocurrencies, which is concerning as such transactions are typically irreversible. The minimum deposit required to open an account is reported to be around $250, but users have raised concerns about difficulties in withdrawing funds once deposited.

• 　　Bonuses/Promotions:

  　　Level Trade does not appear to offer any significant promotions or bonuses, which could be a tactic to attract users. Many reviews suggest that the broker's bonus policies are unclear, and users may face restrictions when attempting to withdraw funds associated with any bonuses.

• 　　Trading Asset Classes:

  　　The broker claims to offer a variety of trading instruments, including over 150 forex pairs, commodities, indices, and cryptocurrencies. However, the lack of transparency regarding the specific assets available for trading raises questions about the broker's legitimacy.

• 　　Costs (Spreads, Fees, Commissions):

  　　Level Trade has been reported to have a spread of around 3 pips, which is relatively high compared to industry standards. Additionally, there are concerns about undisclosed withdrawal fees and other hidden costs that may apply.

• 　　Leverage:

  　　The broker offers leverage of up to 1:200, which is considered high and can amplify both potential gains and losses. However, such high leverage is often a tactic used by unregulated brokers to attract clients.

• 　　Allowed Trading Platforms:

  　　Level Trade provides access to its proprietary trading platform, which has been criticized for lacking essential features found in more established platforms like MetaTrader 4 or 5. Users have reported a subpar trading experience due to the platform's limitations.

• 　　Restricted Regions:

  　　While specific details about restricted regions are not widely available, the broker's unregulated status suggests that it may not be suitable for traders in jurisdictions with strict financial regulations.

• 　　Available Customer Support Languages:

  　　Level Trade offers customer support primarily in English and Spanish. However, numerous reviews indicate that the quality of customer service is poor, with many users reporting difficulties in reaching support and receiving timely assistance.

  　　

　　

Repeated Rating Overview

Category	Score (out of 10)
Account Conditions	3
Tools and Resources	4
Customer Service	2
Trading Experience	3
Trustworthiness	1
User Experience	2

　　

Detailed Breakdown

• 　　Account Conditions: The account types offered by Level Trade include various tiers, starting from a minimum deposit of $250. However, the lack of regulation and transparency raises concerns about the safety of these accounts.

• 　　Tools and Resources: While the broker claims to provide educational resources and trading tools, the overall quality and effectiveness of these resources appear to be limited based on user reviews.

• 　　Customer Service: Customer service has been rated poorly across multiple reviews, with users reporting long wait times and insufficient support when issues arise.

• 　　Trading Experience: Users have expressed dissatisfaction with the trading experience on Level Trade's platform, citing technical issues and a lack of essential trading features.

• 　　Trustworthiness: The consensus among experts and users is that Level Trade is not a trustworthy broker, primarily due to its unregulated status and negative user experiences.

• 　　User Experience: Overall user experience with Level Trade has been reported as unsatisfactory, with many traders warning others to avoid this broker due to potential risks and difficulties in fund withdrawals.

　　In conclusion, the Level Trade review highlights significant concerns regarding this broker's practices and overall trustworthiness. Potential investors are advised to exercise extreme caution and consider more reputable, regulated alternatives for their trading needs.