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Making informed decisions in financial trading begins with selecting a trustworthy and competent broker. Recently, Levodtrade has gained popularity, but before entrusting your investments, it’s important to determine if they hold a legitimate license. In this article, we delve into the topic of broker licensing and why it’s crucial only to place your trust in licensed brokers like Levodtrade.
There is no such information about their license and authorization. We also don’t find any information on other regulatory websites. This means they do not have the regulatory approval to operate as a broker in the financial markets. This is a major red flag for traders and investors, suggesting that the broker may not comply with industry standards and regulations.
Putting your hard-earned money in the hands of an unlicensed broker can lead to serious consequences. These brokers operate outside of industry regulations, potentially lacking proper measures to protect your funds and being vague about their business dealings. Furthermore, as they are not under the watch of regulatory bodies, they are not held responsible for any unethical or illegal actions. Choose wisely and only trust licensed brokers to ensure the safety of your investments.
No, they should not be trusted. You should not engage with these companies because they don’t have any licenses and regulations.
There are several negative reviews on Levodtrade. Most of them are on their withdrawal issue and sudden account bans.
If you have been scammed by Levodtrade broker, submit your complaint through our website form. Our experts can help you to understand your options and take action to recover your funds. We can also guide you on how to avoid future scams and protect yourself from fraud.