Is Leading Alliance Holding Limited Legit Or Scam? Complete leadtech.live Review

Leading Alliance Holding Review

Signing up with an online broker is a huge commitment because you will trust them with your hard-earned money. They will have the responsibility of holding your funds, which means you cannot just select any platform at random. After all, the internet is considered a hotbed for fraud and scams of all kinds. Many brokers have turned out to be fraudulent and scams later on, which is devastating for those who open an account on such platforms. You can read this Leading Alliance Holding Limited review to see how they operate.

At first glance, you may not see any issues with Leading Alliance Holding Limited because it claims to be regulated in the United States and it is offering a good range of trading instruments. You will have access to currencies, precious metals, energies indices, and also cryptocurrencies. But, this does not automatically make the platform trustworthy and there are a lot of problems that you can discover in this Leading Alliance Holding Limited review.

Regulation

First and foremost, you need to check the regulatory status of an online broker because it is the biggest sign of whether the platform can be trusted or not. However, you should note that this does not mean that you simply accept a broker’s claim of regulation; you have to verify it yourself because scam platforms also claim to be regulated. This is precisely what you will discover with the Leading Alliance Holding Limited broker.

It claims to have been established in Hong Kong, which means it should be authorized by the Securities and Futures Commission (SFC), which is the regulatory body in the country. But, when you check the SFC register, the Leading Alliance Holding Limited broker is nowhere to be found. The broker claims that it is MSB-regulated in the US, but having a Money Service Business license is not the only requirement to operate in the United States.

Brokers have to be licensed by the Commodity Futures Trading Commission and be a member of the National Futures Association (NFA), which Leading Alliance Holding Limited is not. You will also find a UK address given on the terminal ownership data given on the Leading Alliance Holding Limited trading platform, but they are not regulated by the Financial Conduct Authority (FCA) either, which is the regulatory body of the country. All of this just shows that you are dealing with an unregulated broker, which is not safe in any way.

Trading platform

Before committing to a broker, you should take a look at the trading platform and the Leading Alliance Holding Limited trading platform is none other than the MT5. This is the industry-leading choice today and the software is intuitive and equipped with numerous useful features. There is a complete charting and analysis package available, along with EAs.

The fact that the Leading Alliance Holding Limited trading platform is one of the best ones should not be a surprise because scammers often use these tricks to lure people in. It does not mean that you should ignore the other issues with the broker.

Trading conditions

The trading conditions offered on the Leading Alliance Holding Limited trading platform also give insight into its intentions. The minimum deposit needed is $1,000, which is at least four times higher than the standard. The only payment methods that are supported on the platform are a few cryptocurrencies and wire transfers. This is a problem because these payment options do not give you the option of filing for a chargeback in case something goes wrong.

In addition, the leverage ratios offered by the Leading Alliance Holding Limited broker go as high as 1:400 and this is also confirmation that it is an unregulated broker. No broker regulated in the US, or UK can offer such high leverage because there is a cap applicable.

Is Leading Alliance Holding Limited a scam or legit?

The red flags all hint towards a Leading Alliance Holding Limited scam because it is a virtually anonymous broker and does not have good intentions.

Conclusion

With the red flags highlighted in this Leading Alliance Holding Limited review, it is best for you to not consider this broker at all and look for a better and more legitimate option.