ANSWER Dear Investor,
Regarding your inquiry, we do not recommend opening an account with Levante Markets. Our assessment indicates that this platform lacks valid regulatory proof and poses significant risks.
Levante Markets claims to be operated by Levante Markets Ltd., with a registered entity in Saint Lucia and a physical address in Cyprus. We have confirmed that Levante Markets Ltd. is indeed registered in Saint Lucia; however, registration does not equate to licensing. The local authority, the International Financial Services Commission (IFC), does not regulate Forex trading activities. Furthermore, although Cyprus hosts the Cyprus Securities and Exchange Commission (CySEC), which is a globally recognized and strict regulatory authority, Levante Markets does not hold a license from CySEC to legally operate within the jurisdiction.
Consequently, Levante Markets appears to be unreliable and potentially involved in fraudulent practices. We strongly advise you to avoid any financial transactions with this type of platform to protect your capital.
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