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LED Capital Review: Is Led-capital.com A Legit Broker?
Led-capital.com Review: this is the name of a Forex broker that offers CFD services and claims to be located in the UK. Is LED Capital a scam Forex broker? Many brokers falsely claim to have proper licensing but some of them turn out to be lies.
When reviewing a broker, we first find out its location and check online with the commission regulating trade in the area. For LED Capital it mentions that it is based in the United Kingdom. We know that Forex trading in this region is under the watch of the Financial Conduct Authority. All brokers based there must be licensed to trade there and when we checked the list, we did not find it listed among them.
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Since this is not a properly licensed broker, we do not advise traders to choose this trading company. Trading with this kind of broker is dangerous as funds may get misappropriated and not under the watch of any authority.
Advantages of LED Capital
Traders are said to be joining “the world of profitable and sustainable investment”. Clients will enjoy high revenue, professional experience, and sustainable investment. They offer many major trading assets and low spreads.
It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
LED Capital Trading Platform
There is no mention of the kind of trading platform made available to clients on the website. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.
Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.
These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.
Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.
Trading instruments offered to traders are: forex currencies, shares, gold, and cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.
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Maximum leverage offered to clients is 1:500 and while this may seem generous, it poses danger. High leverages can lead to huge loss of funds as well. Spreads are not disclosed on the EURUSD pairs.
Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.
Deposit and Withdrawal methods on LED Capital
The means that traders are to use to make deposits and withdrawals are not mentioned on the website. It is not an encouraging find because knowing what transaction means is available is always good. E-wallets may not be accepted which is discouraging.
This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.
Minimum deposit required is also not disclosed. We are aware that the common average among brokers is $100 – $250 but brokers are advised to make this known on their website. Withdrawal fees are not disclosed and we prefer the broker to mention if they apply or not.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is LED Capital Licensed?
No. LED Capital is not a properly licensed Forex broker and it is not advisable for traders to opt to trade with this company. We find is discouraging that the brokerage falsely claims to have a license from the FCA.
Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.
There is also an issue of being blacklisted by FINMA, which is the Switzerland Forex watchdog. This blacklist is a red flag as only illegitimate companies make this kind of list.
To get in touch with the broker, interested clients should send emails to [email protected]d-capital.com.
We find no legit registration for LED Capital and this is discouraging. Many important details are left out and we do not advise traders to invest with this kind of shady company. If you have anything to add to this review, use the comment section.
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LED Capital Review – is led-capital.com scam or good forex broker?
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Trading accounts and conditions
|Account type||Min. deposit||Max. leverage||Spread (+ commission)|
LED Capital is a forex and CFD broker, which offers the three account types listed above and trading on some web-based platform. Apart from their account types and trading conditions, we have serious concerns about this broker, as it makes a number of false claims, and was blacklisted by the Swiss financial authorities. You may read all the details below.
LED Capital Advantages
Good selection of CFDs, generous leverage
For all its faults, this broker at least provides a good selection of financial instruments for trade, as well as leverage up to 1:500, which will suit traders of all skill levels and preferences.
LED Capital also claims to offer trading in many forex pairs, as well as CFDs on indices, commodities, precious metals, stocks, and some of the most popular cryptocurrencies. That being said, a lot of brokers have rich and diversified portfolios, but what matters most is whether they are regulated and reliable.
LED Capital Disadvantages
Falsely claims to be licensed, to have won awards
LED Capital is allegedly a trademark of LED Capital Ltd., a company headquartered in, London, UK. The broker claims to be licensed by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), as well as by the Vanuatu Financial Services Commission (VFSC), and even mentions the Swiss Financial Market Supervisory Authority (FINMA).
Click on any image to view full size.
However, our check in the online registers of the above-mentioned agencies revealed that LED Capital isn’t licensed by any of them. Instead, LED Capital claims to be licensed by the Vanuatu Financial Services Commission (VFSC), and has even uploaded a scanned image of the license on its website.
Obviously, the people running LED Capital have forged the VFSC license, which is uploaded on their website. This inclines us suspect that the broker is one of the many fraudsters on the forex market. It also claims to have won a couple of awards:
Blacklisted by FINMA
LED Capital obviously tries to mislead investors it is a licensed broker and this hasn’t gone unnoticed by the Swiss Financial Market Supervisory Authority – FINMA has included the broker in its warning list, which is another major red flag regarding this broker.
Spreads not disclosed on website, no demo accounts
This is an obvious disadvantage that is actually very common among scam brokers. LED Capital has not presented on its website any reference spreads, which always leaves a bad impression. Furthermore, the broker does not offer free testing service either, so we can safely conclude that it is not transparent with its pricing.
MT4 not available
Unlike most brokers, LED Capital does not support the popular MetaTrader 4 platform. Instead, it offers its clients some unproven web-based interface thatcannot be compared to the MT4. The latter is highly praised for its superior charting, support for Expert Advisors, customization options and more.
We are very suspicious about the legitimacy of LED Capital, based on the forged VSFC license they present, and the other false claims they make. This is an indication that we are dealing with scammers, so you’d better stay away from LED Capital and find yourself a reliable and well-regulated broker instead. For example, when you invest with a brokerage regulated by a prestigious regulatory agency such as the UK’s FCA or CySEC in Cyprus, you may trade with the ease of mind that their funds are safe and sound and that there is an authority they can turn to in case something goes wrong.
Here are the highlights of the review of LED Capital:
|Wide range of tradeable assets||Falsely claims to be licensed, to have won awards|
|Generous leverage||Blacklisted by FINMA|
|Spreads not disclosed, no demo accounts|
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