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Leotradez
Regulators:
https://www.leotradez.com/en/Home/Index/
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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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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