ANSWER Leverage FX is an unregulated broker we advise against trading with, despite the seemingly attractive deals it offers.Leverage FX claimed to be located in St. Vincent and the Grenadines. However, our investigation suggested that it is not listed in the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). While this regulatory unit neither issues forex licenses nor regulates entities engaging in such activities, it does oversee certain entities and businesses in the financial sector, and requires them to be registered with the regulator. Therefore, it is correct to say that Leverage FX is not subject to any effective regulations, as it is not registered with the SVG FSA and does not appear to be regulated by any other recognized financial authority.Regarding Leverage FX's purported location, there are no legal records to prove that it is located in St. Vincent and the Grenadines. This is an unlicensed broker and it is risky to entrust your funds with it, as there are no safeguards in place to prevent fraud or theft. So we strongly suggest investors avoid dealing with unlicensed brokers like Leverage FX and opt for fully regulated ones instead.
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