ANSWER We strongly suggest you avoid LeonMarkets, regardless of what trading strategies it allows. It is an unlicensed trading platform whose illegal practices have been spotted by a financial regulator.LeonMarkets claims to be the trading name of Zoltect Solutions LTD, a company solely registered with the Marshall Islands Registry (IRI), a privately held maritime and corporate registry service provider. Mere registration with the IRI is meaningless in forex trading and thus LeonMarkets is technically not a legal trading platform.Furthermore, the British Columbia Securities Commission (BCSC) has issued a warning about LeonMarkets, demonstrating the platform's risks and cautioning the public to stay away from it.Therefore, investors are advised against trading with LeonMarkets, or they will be exposed to fraud and identity theft as no regulations and rules are in place to safeguard their interests. To mitigate such substantial risks on the trading journey, it is better to choose fully regulated brokers.
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