Do You Want to Know If Leading Alliance Ltd Is Legitimate or a Scam?
Right off the bat, Leading Alliance Ltd’s website announces some problems with this broker, even though they are trying to highlight these red flags as advantages. Its leverage is as high as 1:400, the minimum deposit is $1000 and it claims to charge 0.0 spreads. A legitimate broker should have leverage no higher than 1:30 because leverage can endanger traders. The minimum deposit is ten times the average. This kind of high minimum benefits fake brokers who want to lock down funds later on. If spreads are at zero, how can this broker legitimately make money?
What’s the Deal with Leading Alliance Ltd?
Leading Alliance Ltd claims it is “government regulated.” However, it doesn’t show any license. It claims to be backed by leading financial companies and shows logos of Goldman Sachs, Citibank, and Deutsche Bank but this is pure decoration. Leading Alliance Ltd has been flagged as a scam broker that has no license at all.
Here Are Some Problems with Leading Alliance Ltd
- No license
- Dangerously high leverage
- High minimum deposit
- Misleading statements
- No transparency.
What You Should Do If You Have an Account with Leading Alliance Ltd?
You should close your account immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!