Leverate
Pros and Cons
Pros
- Established technology provider since 2008
- Diverse trading instruments including Forex, commodities, stocks, and cryptocurrencies
- Multiple trading platforms: Sirix, MetaTrader 4, and MetaTrader 5
- Customizable account types for various trader needs
- 24/5 customer support available in multiple languages
Cons
- Currently unregulated following license withdrawal by CySEC
- Negative user experiences reported with Sirix platform performance
- Limited oversight and investor protection measures
- Potential withdrawal issues reported by clients
- Lack of educational resources for traders
Basic Information
User Reviews
Leverate Overview
Founded in 2008, Leverate is a prominent technology and services provider in the forex brokerage industry, operating from its headquarters in Cyprus. With a solid standing in the market, Leverate has established itself as a trusted broker, offering a range of services to meet the diverse needs of financial institutions. The company is committed to maintaining high standards of regulation and operational integrity, ensuring that it adheres to the regulatory requirements set forth by financial authorities in its operating region.
Leverate specializes in providing innovative trading solutions, including its flagship Sirix trading platform, which is designed to enhance the trading experience with advanced features. The broker offers a comprehensive suite of services, including dedicated account management and robust customer support available around the clock. Leverate’s unique advantages include its commitment to client support, a broad range of trading instruments, and a reputation for delivering quality technology solutions tailored to the needs of forex brokers. This focus on innovation and quality positions Leverate as a strong player in the competitive forex trading landscape.
Is Leverate Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | No current fund protection measures as the license has been withdrawn. |
Is Leverate Regulated and How Are Client Funds Protected?
Leverate is currently unregulated, following the withdrawal of its license by the Cyprus Securities and Exchange Commission (CySEC) in 2024. This means that it is not authorized to conduct business within the regulated financial markets overseen by CySEC. Consequently, clients trading with Leverate should be aware of the risks associated with dealing with an unregulated broker, including the lack of investor protection measures and a higher potential for fraud. As no fund protection measures are in place, clients may find themselves without recourse in the event of issues such as withdrawal problems or other financial discrepancies.
Trading Products and Services
What trading instruments does Leverate offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
Leverate provides a diverse range of trading instruments across various asset categories, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. This comprehensive selection caters to the needs of different traders, from beginners to seasoned professionals, allowing for a wide variety of trading strategies. By offering multiple asset categories, Leverate enables traders to diversify their portfolios effectively, mitigating risks and enhancing potential returns. Whether you are looking to engage in Forex trading or explore other markets, Leverate’s diverse product offerings provide the flexibility needed to adapt to various market conditions and trading preferences.
Account Types and Trading Conditions
What Account Types and Fees Does Leverate Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners | Lower capital requirement, access to various trading instruments | Suitable for traders starting with smaller investments |
| Professional Account | Experienced traders | Tighter spreads, enhanced trading conditions | Requires meeting trading volume qualifications |
| Corporate Account | Corporate clients | Customizable services, dedicated account management | Requires corporate documentation and verification |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading conditions | Available to clients adhering to Islamic finance principles |
| Demo Account | All traders | Practice trading with virtual funds | Ideal for gaining experience without financial risk |
Account Opening Process
Opening an account with Leverate is a straightforward process that involves several key steps. First, potential clients must submit personal information, including their full name, email address, and contact details. Following this, users will need to provide employment and financial information to establish their trading profile. Identity verification is also an essential part of the process, requiring the submission of identification documents and proof of address to confirm the applicant’s identity. Once the account is verified, traders can enjoy the flexibility of upgrading to a professional account in the future if their trading activity meets the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 1.2 | $0 (ECN: $3.5/lot) | Competitive spreads for major pairs |
| CFDs (Indices, Commodities) | Varies | Variable depending on account type | Market conditions may affect spreads |
| Cryptocurrencies | Varies | Variable | Commission may depend on the specific asset |
Other Fees
In addition to trading fees, clients should be aware of other potential costs associated with their accounts. These may include deposit and withdrawal fees, which can vary depending on the payment method used. Inactivity fees may apply if accounts remain dormant for an extended period. Traders should also consider any platform usage fees that may be applicable. Overnight interest, or swap rates, may be charged for positions held overnight, and clients should be aware of potential currency conversion fees when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Leverate Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Sirix Trading Platform | Web, iOS, Android | Advanced order types, price alerts, encrypted login | Demo accounts, social trading |
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | One-click trading, technical indicators, price alerts | Branded white-label solutions |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Multi-asset trading, advanced charting tools, real-time alerts | Integrated API interfaces |
Leverate offers a variety of trading platforms tailored to meet the needs of different traders. The Sirix Trading Platform is recognized for its user-friendly interface and social trading features, making it suitable for traders at all levels. MT4 and MT5 provide robust functionalities with advanced charting tools and support for multiple devices, ensuring accessibility and convenience. Each platform emphasizes security through encrypted logins and offers features like price alerts and various order types, facilitating efficient trading and risk management. Overall, Leverate supports mobile trading effectively, allowing traders to operate seamlessly across devices while benefiting from real-time market data and alerts.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 100, Max 10,000 | EUR, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5,000 | EUR, USD |
| e-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% fee | Min 50, Max 20,000 | EUR, USD |
| Cryptocurrency | Instant | No platform fee | Min 50, Max 10,000 | BTC, ETH |
Minimum Deposit
Leverate requires a minimum deposit of $50 for retail accounts. This amount may vary depending on the account type, with higher minimums applicable for professional accounts. The deposit amount may also differ based on the selected payment method and region.
How to Withdraw
To withdraw funds from your Leverate account, follow these steps: 1. Log in to your Leverate account. 2. Navigate to the withdrawal section. 3. Select your preferred withdrawal method. 4. Enter the amount you wish to withdraw, ensuring it meets the minimum withdrawal limits. 5. Submit your withdrawal request. 6. Monitor your email for confirmation and updates regarding your withdrawal status.
Customer Support
Leverate Customer Support Overview
Support Channels
Leverate offers multiple contact methods to assist clients with their inquiries and concerns. Clients can reach out via:
- Email: Clients can email their questions or issues to the support team for detailed assistance.
- Live Chat: This feature allows clients to engage in real-time communication with support representatives directly from the trading platform.
- Telephone: Clients may contact support through a dedicated phone line during operational hours for immediate assistance.
- Social Media: Leverate maintains a presence on various social media platforms, offering another avenue for clients to reach out for support.
Service Availability
Leverate’s customer support services are available 24/5, ensuring that clients can receive help throughout the trading week. The support team is equipped to handle inquiries in multiple languages, catering to a diverse clientele.
Frequently Asked Questions
Leverate is currently unregulated, following the withdrawal of its license by the Cyprus Securities and Exchange Commission (CySEC) in 2024. This means that it is not authorized to conduct business within the regulated financial markets overseen by CySEC. Clients should be aware of the risks associated with dealing with an unregulated broker, including the lack of investor protection measures and a higher potential for fraud. As no fund protection measures are in place, clients may find themselves without recourse in the event of issues such as withdrawal problems or other financial discrepancies.
Leverate provides a diverse range of trading instruments across various asset categories, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. This comprehensive selection caters to the needs of different traders, allowing for a wide variety of trading strategies and effective portfolio diversification.
Clients should be aware of various trading fees, including spreads and commissions that can vary depending on the product and account type. Additionally, there may be other costs such as deposit and withdrawal fees, inactivity fees, and potential overnight interest charges. It is important for clients to review these fees to understand the total cost of trading with Leverate.
Leverate offers multiple contact methods for client support, including email, live chat, and telephone support available during operational hours. Clients can also reach out through social media platforms. Customer support services are available 24/5, ensuring assistance throughout the trading week.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.