Levels
Basic Information
Pros and Cons
Pros
- Offers trading on multiple asset classes
- High leverage up to 1:1000
- Spreads starting from 0.9 pips
- Accessible demo account available
- Various account types offered
Cons
- No regulatory licenses held
- Negative reputation regarding withdrawals
- High frequency of complaints
- Customer service response times criticized
- Inconsistent spreads and slippage issues
Is Levels Safe and Legit?
Levels Ltd, registered in Saint Lucia in 2024, has 2-5 years of operational experience, offering trading on forex, commodities, stocks, indices, and cryptocurrencies with leverage up to 1:1000 and spreads starting from 0.9 pips on the MT5 platform. The broker is unregulated, which raises significant concerns regarding its legality and safety for traders.
Due to its lack of valid regulation, Levels is considered a high-risk broker. Users should exercise caution when dealing with this platform, as the absence of oversight can lead to potential issues with fund security and compliance.
Market reputation for Levels is notably negative, with a high frequency of complaints regarding unstable spreads, slippage, and withdrawal difficulties. Users have reported poor customer service and a lack of transparency, leading to frustrations and a general mistrust of the platform. Community evaluations reflect a strong consensus advising against engaging with Levels due to these issues.
Is Levels a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Levels Ltd does not hold client funds in independently regulated bank accounts, and there are no specified rules regarding the segregation of funds from the broker’s own assets. The lack of regulation raises significant concerns about the safety and legality of the platform, making it a high-risk option for traders.
Levels Leverage
Levels offers a maximum leverage of up to 1:1000 across its trading products. However, as the broker is unregulated, it does not adhere to any local regulatory requirements regarding leverage limits, which may pose additional risks for clients classified as retail or professional traders.
Levels Withdrawal Review
How to Contact Levels?
Levels Ltd has garnered a notably negative reputation, particularly concerning withdrawal issues. A significant proportion of complaints involve rejected withdrawal requests and delays in fund transfers, with users reporting that their funds often remain inaccessible. Credible sources of complaints include various online trading forums and review platforms. The broker’s customer service response times are criticized as being slow and ineffective, often leaving users without clear solutions. There is a pattern of repetitive complaints regarding withdrawal difficulties, and the lack of regulation heightens concerns about potential scams and fund security.
Frequently Asked Questions
A1: No, Levels Ltd is an unregulated broker, which raises significant concerns about its legality and safety for traders. It does not hold any mainstream or offshore licenses, exposing users to heightened risks associated with fund security and compliance.
A2: Levels Ltd does not hold client funds in independently regulated bank accounts, and there are no specified rules regarding the segregation of funds from the broker’s own assets. This lack of regulation heightens concerns about fund security.
A3: Users have reported significant difficulties with withdrawals, including rejected requests and delays in fund transfers. Many have expressed frustration with the slow and ineffective customer service regarding these issues.
A4: Traders have frequently complained about unstable spreads, slippage, and poor customer service. These issues contribute to a negative overall reputation for the broker, with many users advising against engaging with the platform.
A5: You can contact Levels customer support via email at support@fxlvls.com or by phone at +20 34245867. However, users have criticized the response times and effectiveness of customer service.
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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.
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