Leadernet Ou (fx-leader.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warning from overseas regulators: CONSOB https://www.consob.it/web/consob-and-its-activities/warnings/documenti/english/entutela/cns/2020/enct20201012.htm?, FCA https://www.fca.org.uk/news/warnings/leadernet-ou-t-fxleader, Central Ban... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fx-leader.com.
The only good thing about Leadernet Ou (fx-leader.com) is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Dedicated account manager|Multiple order types
Cons: Charting tools need more indicators
I gave Leadernet Ou (fx-leader.com) a fair chance. After since early this year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Multi-currency support|Market news feed|Full transparency|Dedicated account manager
Cons: Withdrawal takes 1-2 business days|Inactivity fee applies after 12 months
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Leadernet Ou (fx-leader.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Portfolio tracking tools|Comprehensive tools|Personal attention
Cons: Mobile app could be improved|Would like more payment methods