ANSWER Leotradez is an unregulated broker that we advise against trading with, despite the seemingly attractive deals it offers.The failure of Leotradez to disclose its regulatory information can be interpreted as a significant scam indicator, as legitimate brokers always prominently display their accreditation and licenses. Additionally, the Comisión Nacional del Mercado de Valores (CNMV) added Leotradez to its warning list for providing investment services without authorization.Regarding your question, we strongly suggest you avoid engaging with Leotradez due to its status as an unlicensed broker. It is a fraudulent platform coming with significant risks including financial losses and identity theft as there are no rules in place to safeguard investors' interests. Therefore, to mitigate such risks, investors are encouraged to stay away from unlicensed brokers like Leotradez and instead choose a fully regulated one.
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