ANSWER Levelprofit is not a regulated or licensed broker for traders even though it states offers that look good to be true.Levelprofit claims to be operated by BCM Begin Capital Markets, a company under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with regulatory number 274/15. We searched CySEC and found the company information does not match. The company that really owns regulatory number 274/15 is named "BCM Begin Capital Markets CY Ltd" instead of "BCM Begin Capital Markets". Moreover, the approved domain of the licensed company is "profitlevel.com" instead of "levelprofit.com" That means Levelprofit is a clone firm that falsely uses regulatory information of a regulated firm. More importantly, Italy Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that Levelprofit is offering financial services without the proper authorization. You can check the full warning from here.These proofs make it clear: Levelprofit is not regulated by any regulators to provide forex services. Investors' funds in the broker are unsafe and cannot be protected by any laws. We would recommend traders stay away from unregulated brokers like Levelprofit and trade with licensed brokers.
続きを見る
