Leveled Up Society markets itself as an enticing prop trading firm that offers flexible trading conditions and an attractive profit-sharing model, making it appealing to retail traders aiming for high leverage opportunities. Traders can take part in evaluation challenges that could lead to funded accounts, presenting a chance to engage in commodity and forex trading without risking their own capital. However, beneath the surface, significant risks loom due to the firms unregulated status and various user complaints regarding fund safety and withdrawal issues. Retail traders who seek minimal risks and robust customer support might find this broker unsuitable. As such, potential clients must weigh these trade-offs carefully before engaging with Leveled Up Society.
Warning: Trading with unregulated firms can result in significant risks.
Always prioritize brokers who are regulated and provide a transparent trading environment.
Dimension | Rating (out of 5) | Justification |
---|---|---|
Trustworthiness | 1 | Lack of regulatory oversight and poor user feedback. |
Trading Costs | 4 | Competitive commission structure but hidden withdrawal fees. |
Platforms & Tools | 3 | Utilizes popular MT4 and MT5 but lacks advanced features. |
User Experience | 2 | Mixed reviews, largely due to customer service issues. |
Customer Support | 2 | Limited contact channels and no direct support via phone. |
Account Conditions | 3 | High minimum deposit but offers flexibility in trading rules. |
Leveled Up Society was founded in June 2022 and is headquartered in Florida, USA. The firm seeks to position itself within the competitive landscape of proprietary trading by presenting attractive funding options and minimal restrictions on trading strategies. However, various reviews suggest the firm lacks a reliable regulatory framework, presenting significant risks for potential clients.
Leveled Up Society operates as a proprietary trading firm, allowing traders to engage in an evaluation program that could lead to funded accounts. They offer trading in various asset classes, including forex, commodities, and cryptocurrencies, leveraging the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading. However, it is critical to note that the firm claims associations with unverified regulatory affiliations, raising concerns about fund security.
Feature | Details |
---|---|
Regulation | Unregulated |
Minimum Deposit | $149 |
Leverage | Up to 1:100 |
Major Fees | $5 per round lot for forex |
Withdrawal Fees | High withdrawal fees reported |
Supported Platforms | MT4, MT5 |
"They charged me high fees for withdrawals, which was not communicated upfront."
"I found the platform adequate, but the support when I faced issues was lacking."
"Their live chat is slow, and I never managed to resolve my issues effectively."
Leveled Up Society presents a dual-edged sword for retail traders seeking opportunities in proprietary trading. While the firm offers flexible trading conditions and competitive profit-sharing, substantial risks associated with its lack of regulation and poor user experience may overshadow these advantages. Prospective traders are strongly advised to conduct comprehensive research and consider the potential repercussions of trading with an unregulated entity before committing their financial resources. Ultimately, choosing a regulated broker could provide far greater security and trust in your trading activities.
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