Leorate Review: Leorate.com A Perilous Broker

Leorate Review
  • Customer Support
  • Client Testimonials
  • Trading Conditions
  • License and Registration
0.5

Summary

Leorate does not allow you to test the software before investing your hard-earned money in the company. They do not have a demo account that you can use to familiarise yourself with the software before investing real money in the entity.

Leorate is an offshore broker that looks forward to providing investment services to traders across Asia and Europe. The company grants you an opportunity to invest in; forex, Stocks and commodities, among other assets. They look forward to providing numerous trading services via sophisticated trading tools. However, as an intelligent investor, you should consider several factors before making any steps toward trading with the company.

Leorate Review, Leorate.com Company

Hence as you read this unbiased review on the company, we highlight several red flags they expose. Thus as you read further, you might end up changing your mind towards making any investment decisions. Meanwhile, you can consider with these forex brokers for reasonable profit returns your way. Accordingly, unlike Leorate, they apply tried and tested strategies, and you will earn good profit returns your way.

Leorate aims to make trading a walk in the park, yet they do not have a reasonable investment approach. Scammers will often promise you the world, but attaining the same results is the primary concern among traders. The investment firm website is poorly done, and they fail to provide all the vital information in the company. Nothing they do or promise traders make any sense, and you will be making blind investments in the company.

Leorate.com Review

Leorate.com fails when it comes to transparency. They showcase numerous scam traits. Furthermore, they assure customers that the most advanced trading tools will lead to good returns your way. The kind of algorithm the software uses for its style of operation is unknown. Also, you might end up relying on the wrong tools since they do not reveal any credibility in their style of operation.

Automatic trading tools are preferable since, unlike humans do not mix trading with emotions. Thus you ought to be cautious not to end up buying the wrong trading instruments. To access the services they offer, you can use Meta trader 4, compatible with various devices.

Consequently, the founders’ and the employees’ data is hidden, causing even more doubts about their promised traders’ services. Also, it is unheard of that anonymous people can be reliable with your funds. Leorate does not reveal any qualifications details of the people behind the company. Additionally, you can hardly tell that you are working with people who understand how the trading world operates.

Leorate will end up giving you misleading trade directions, which will yield more losses your way. Also, they provide news from third parties who are mysterious and might end up relying on expired information.

How Leorate.com Operates

Leorate.com does not have a suitable style for operation, and they are only after the funds you deposit. Scammers will often find ways of luring you into making a deposit.  Furthermore, they operate with a lot of anonymity, and the founders’ details and the style of operation are hidden from customers. Thus because they expose multiple scam traits, you should not expect them to function any differently.

Leorate will contact you through various means but only until you deposit with the company. They will urge you to take advantage of one time opportunities and benefit from the trading world. Additionally, you may come across bonuses on the first deposit amounting to 100%. Hence when you fall for the bait and make a deposit consider any business between you and them.

They will end up blocking you from accessing the company or even cutting off communications with you. Leorate does not seem to have any trade activities that are ongoing in the company. Nevertheless, you can hardly determine the returns to expect from the investment firm. Also, past trade data for at least three months or more should assist in estimating the returns to expect from the company.

Additionally, they may be attaining negative returns, and such data is not welcoming in the eyes of new customers. They do not have a suitable trade approach, and you will only be investing funds at your own risk.

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Funds Safety

Leorate does not guarantee any security of funds, and in fact, they show numerous red flags to prove otherwise. The company does not have a suitable operation style and does not meet the recommended level of transparency to confirm your money is secure. Furthermore, the safety of your funds should be a top priority to consider before investing in any platform.

Leorate does not allow you to test the software before investing your hard-earned money in the company. They do not have a demo account that you can use to familiarise yourself with the software before investing real money in the entity. Also, they do not have any evidence of any successful transactions made by customers.

Leorate only seems to be of benefit to the people behind the platform. They might be keeping your money in personal accounts while you wait for profits that will never approach. They do not have any banking details to affirm that your funds are actually in safe hands.

Leorate Deposit and Withdrawals

Leorate minimum trade amount is $250. The company accepts multiple payment methods such as Skrill, Neteller, Master Card, and Visa. Accordingly, you should opt to use credit/debit methods to fund your account. They allow a chargeback of up to 540 days. Wiretransfer and cryptocurrency transactions are not reversible, and when you make a deposit, there is no turning back.

Leorate does not have a refund policy that allows you to access your money if the services they offer do not please you. Accordingly, they do not have any evidence of successful withdrawals made by the customers. Hence you will have a hard time when you try to access your funds from the company. Leorate does not reveal how long withdrawal requests take to complete, and they are likely to hold onto your money for a long time.

Customer Support

Leorate does not have any contact that you can reach them with for any platform-related queries. On the other hand, working customer support helps in gaining more trust between you and the company. They do not have any telephone contact or email, and scammers hardly maintain contact with you once they have your funds.

Leorate claims to be in the UK. Alternatively, they should avail location address for the same. You should receive instant responses to your queries. Additionally, promising a friendly trade environment without reliable customers service is unheard of in the trading world.

Leorate Regulation Status

Leorate claims that it is located in the UK. However, the responsible organ within the same region, FCA, does not recognise the company for issuing a regulation. Accordingly, they do not fall under any regulatory body that is legit or reliable. Unregulated companies do not last for long in the market, and they easily break trading guidelines as they please.

Furthermore, it is illegal in most countries across the globe to generate funds from the public without mandatory following regulation measures. Thus the founders and team of employees risk facing criminal charges, and it is the reason they hide similar data. Additionally, you can count on these regulated forex brokers for pleasing trade outcomes. They showcase commendable transparency, which is why you can easily find and verify the regulation documents they provide.

Final Verdict

Leorate can barely afford regulation fees, and they can quickly end up facing bankruptcy. They do not have a suitable style for operation, and they are only after your funds. Thus when you make a deposit, you will only be making the anonymous people behind the company rich.

Accordingly, you should rely on these reliable forex brokers for reliable trading services. Unlike Leorate.com, they operate with reasonable trade approaches, and you can count on such companies for a pleasing trade experience.

 

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