Leonspire Holdings has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I experienced a security concern with my Leonspire Holdings account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Segregated accounts|No hidden fees|Demo account available
Cons: Would like more payment methods
For anyone considering Leonspire Holdings, please be aware that this company has been flagged by Financial Markets Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
The only good thing about Leonspire Holdings is that they remind you why regulation matters. I found them after comparing multiple platforms. 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: Regular platform improvements|Educational resources
Cons: Limited demo account features|Spreads widen during volatile periods
Leonspire Holdings changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: No hidden fees|Real-time alerts|Low minimum deposit|Fast deposits
Cons: Limited demo account features|Alert system is basic
My withdrawal from Leonspire Holdings was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.
Pros: Portfolio tracking tools|Clear documentation
Cons: No fractional shares
KYC with Leonspire Holdings is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Reliable uptime|Personal attention
Cons: Website design could be more modern
Do not believe the bonus offer from Leonspire Holdings. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after seeing their ad online and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Helpful community forum|Quick verification|Instant funding|Comprehensive tools
Cons: Currency conversion fee exists
I was about to invest with Leonspire Holdings but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
Leonspire Holdings locked my account without warning and demanded documents I had already submitted. for over three years later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Multiple order types|Customizable dashboard|Clean UI|Wide product range
Cons: Account statements could be more detailed
The spread at Leonspire Holdings is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.
Pros: Responsive team|Segregated accounts
Cons: Email notifications too frequent