Review of LeoInvest: What Lies Behind the Scenes?
Despite promising to be a reliable ally for traders, LeoInvest lacks verified reviews in practice. The company claims to target a wide range of countries and is willing to share its extensive experience with traders. However, there is serious doubt about the accuracy of this information, so it is advisable to conduct an independent analysis. In this review, you will be able to familiarize yourself with the basic information about LeoInvest.
Main Data
The statistics provided by LeoInvest company include:
- 111 thousand trades daily,
- trading volume of $12 million,
- assets under management of $98 million,
- 62,000 clients.
If this data were accurate, there would be plenty of positive or negative reviews online. However, feedback is absent outside the broker’s platform, and there is no mechanism on the website for adding new reviews, raising doubts about the validity of LeoInvest’s positive ratings.
According to the specialized whois service data, the domain leoinvest.pro was registered on December 18, 2022 (last updated on 18.02.2023). This indicates that the company is new and is just starting its journey to attract new clients.
LeoInvest does not provide extensive contact information to reach project managers. The only available means of contact is an email address, which, as revealed during the check, turned out to be fake.
LeoInvest representatives do not conceal the names of their top managers and staff, but even using stock images, they try to create a sense of trust. For instance, the senior analyst Lewis Jane is a fictional character whose image can be found on various internet platforms and in advertising materials.
Legal Information
LeoInvest warns users of the risks of trading on financial markets, noting that it does not provide services in certain jurisdictions, including the USA, Israel, the United Kingdom, Iraq, and other countries. Nevertheless, the company does not list its registration address on its website, and there are no scans of education documents and licenses.
Sharagah publishes internal rules that, however, do not provide anything useful for traders. There are no reviews about LeoInvest in the Russian-speaking segment of the internet, but considering the presence of Russian-language content on the site, it can be assumed that scammers are targeting clients from Russia, Belarus, and Kazakhstan.
A company with the same name was found in the Unified State Register of Legal Entities, but it specializes in real estate, not brokerage services.
LeoInvest is not listed among the licensed brokers of the Central Bank of the Russian Federation and regulators of Belarus and Kazakhstan, indicating that the company may be operating unlawfully and not adhering to necessary standards.
Partnership Conditions
Similar to many scammers, LeoInvest offers clients attractive conditions. The lack of a demo account is compensated by a low minimum deposit and a variety of tariff plans. The commercial offer includes:
- 320+ trading instruments,
- minimum deposit from $250,
- ability to hedge positions,
- spreads from zero,
- use of WebTrader as trading software,
- leverage from 1:30 to 1:100,
- limit and stop levels,
- possibility of algorithmic trading in some tariffs.
To quickly enrich themselves through client investments before sharp reviews emerge, LeoInvest draws them into a partner program, without disclosing details but guaranteeing high income.
Client Reviews
Available data shows that scammers from LeoInvest have been actively operating for less than a month (starting from February 18, 2023), explaining the lack of reviews about the company. This allows project creators to evade criticism and continue their fraudulent activities.
If you have experience dealing with this broker, share your observations with other users. Use the special form to post reviews below our article.
Provision of Services Mechanism
Scammers from LeoInvest use template schemes to defraud investors, offering free training to newcomers and recommending the installation of remote access programs (AnyDesk, TeamViewer, etc.).
Although programs like AnyDesk are useful, scammers exploit them for stealing money and personal data. In this case, recovering stolen funds becomes impossible since LeoInvest is a fake entity existing only in the online space.
Summary
It is recommended to refrain from investing in LeoInvest as there is a risk of losing invested funds. The company shows signs of insufficient transparency, and doubts exist regarding its legality and honesty. Finding a truly reliable financial partner is more preferable than risky collaboration with an organization capable of only making promises of magnificent profits.
