Score
BESTLEADER
Hong Kong|5-10 years| https://www.leader008.com/?lang_id=2
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
Contact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
leader008.com
Server Location
United States
Website Domain Name
leader008.com
Website
WHOIS.NAME.COM
Company
NAME.COM, INC.
Domain Effective Date
0001-01-01
Server IP
104.31.4.184
Genealogy
VIP is not activated.Bestleader
Best Leader
Best Leader
Company Summary
| Registered in | Hong Kong, China |
| Regulatory status | CGSE |
| Year(s) of incorporation | 5-10 years |
| Market instruments | Gold and silver |
| Minimum initial deposit | N/A |
| Maximum leverage | N/A |
| Minimum spread | N/A |
| Trading platform | own platform |
| Deposit and withdrawal methods | Debit cards, checks, bank transfer |
| Customer Service | E-mail/phone number/address/live chat/fax |
| Fraud allegations | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros and Cons of BESTLEADER
Pros:
It provides an easy-to-use trading platform with several tools for technical analysis.
It has educational resources to help investors improve their trading skills.
Customer service is available in several languages, including Spanish.
Deposits can be made by different methods, such as bank transfer, check or wire transfer.
It offers the possibility of trading in spot gold and silver markets, as well as other financial instruments.
Cons:
Detailed information on some important aspects of the company, such as maximum leverage, is not clearly specified on its website.
Credit card deposits are not accepted.
Withdrawals are subject to commissions and the minimum withdrawal amount may be adjusted periodically.
Trading is only offered in a few financial instruments, limiting the diversification of the investment portfolio.
Company services may not be available for some countries or regions.
General Information and Regulation of BESTLEADER
BESTLEADER is regulated by the Hong Kong Chinese Gold and Silver Exchange Society (CGSE), which provides some security for investors. In terms of metals offered, BESTLEADER focuses on gold and silver and offers a variety of products, including bullion and coins of different sizes and well-known brands. The company also has an easy-to-use online platform for buying and selling precious metals. Belle's management has more than 30 years of experience in the industry and has extensive operational and risk management experience.
In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.
Market instruments
| Advantages | Disadvantages |
| It offers a wide range of instruments, including spot gold and silver. | It does not offer other investment instruments, such as stocks or bonds. |
| It allows trading precious metals with bi-directional leverage, which increases the potential for profit. | Precious metals trading can be volatile and investors can face large losses. |
BESTLEADER focuses on providing its clients with bidirectional leveraged spot gold and silver trading. While it offers a wide variety of instruments in this area, it does not offer other investment instruments such as stocks or bonds. Precious metals trading can be volatile and investors should be prepared to face large losses. However, transactions are supervised by the Hong Kong Stock Exchange and are subject to the supervision of international banking exchange laws, which provides greater security for investors.
Spreads and commissions for trading with BESTLEADER
| Advantages | Disadvantages |
| Reduced spreads in precious metals trading. | The company does not provide detailed information on trading costs and commissions. |
| Low overnight interest rates for investors. | |
| No hidden commissions and low trading costs. |
BESTLEADER claims to have ultra-low trading costs, tight spreads and low overnight interest rates in the sector. However, the company does not provide detailed information on trading costs and commissions. Despite this, the company stands out for offering low spreads in precious metals trading, which may be attractive to investors. In addition, BESTLEADER offers low overnight interest rates and no hidden commissions, which can be beneficial to clients. The company also offers several trading options for clients, allowing them to choose the option that best suits their needs.
Trading accounts available at BESTLEADER
| Advantages | Disadvantages |
| Demo account available with virtual funds. | No details are provided on the types of accounts available. |
| Easy online live account opening process. | |
| Low minimum lot size for a single transaction. | |
| High maximum lot size for a single transaction. |
BESTLEADER offers a demo account with 100,000 virtual funds, which allows traders to experiment with the different tools and features of the platform without having to risk their own capital. In addition, the process of opening a live account is easy and straightforward. As for lot sizes, the minimum for a single transaction is low, allowing for greater flexibility and diversification in risk management. However, the company does not provide detailed information on the available account types, which may result in a lack of options for traders.
Operating platform offered by BESTLEADER
| Advantages | Disadvantages |
| Proprietary platform with 24/7 tracking of spot prices | It does not offer the possibility of using other trading platforms. |
| Fast quotations and high transparency | May require a learning curve to get used to the platform |
| Easy to use and accessible to all experience levels | It is only available in desktop version and not in mobile version. |
| Offers a wide range of technical analysis tools and charts | Not available in several different languages |
BESTLEADER offers its own trading platform, which means that clients only have the option of using this platform. However, the platform offers 24-hour tracking of international spot market prices, fast quotes and great transparency, which is an advantage. The platform is also easy to use and accessible to all levels of experience, and offers a wide range of technical analysis tools and charts. However, it may require a learning curve to get used to it, and it is only available in desktop version and not in mobile version. In addition, the platform is only available in English, Simplified Chinese and Traditional Chinese.
BESTLEADER Maximum Leverage
| Advantages | Disadvantages |
| Allows for increased earning potential. | Increases the risk of losses and indebtedness. |
| Allows to operate with a larger amount of funds. | Excessive leverage can lead to rapid bankruptcy. |
| It can give investors access to | Poor leverage management can result in large losses. |
| markets that would otherwise be inaccessible. | The lack of detailed information can be confusing. |
Regarding maximum leverage, BESTLEADER does not provide detailed information on its website. Leverage is an important investment tool that can increase the potential for gains, but it also increases the risk of losses and indebtedness. Investors should be aware of the risks associated with leverage and ensure that they have good risk management in place before using it. Investors are advised to consult with a financial advisor before trading with leverage.
Deposit and Withdrawal: methods and fees
| Advantages | Disadvantages |
| Wide variety of deposit options, including wire transfer, check and wire transfer. | Credit card deposits are not accepted. |
| The company pays a commission to encourage clients to trade after making a deposit. | The volume of transactions must be sufficient to avoid the deduction of a commission of 3% of the corresponding amount. |
| Simple withdrawal request process available through the User Center or the Internal Transfer and Withdrawal Form. | Commission of 5 USD (or equivalent) will be deducted from withdrawals of less than 50 USD (or equivalent). |
| Clear deposit and withdrawal times and predictable business days for transactions. | The bank will automatically deduct the handling fees for wire transfer deposits. |
| Withdrawals in RMB will be paid on the same day the withdrawal is approved. |
BESTLEADER offers customers a variety of deposit options, including wire transfer, check and wire transfer. Although credit card deposits are not accepted, the withdrawal request process is simple and available through the User Center or the Internal Withdrawal and Wire Transfer Form. However, a fee of 3% of the corresponding amount will be applied if the client's trading volume does not reach the required level, and a fee of USD 5 (or equivalent) will be deducted from withdrawals of less than USD 50 (or equivalent). The deposit and withdrawal schedule is clear and predictable, and withdrawals in RMB will be credited on the same day the withdrawal is approved. It is important to note that the bank will automatically deduct handling fees from wire transfer deposits. In general, BESTLEADER offers flexible options for depositing and withdrawing funds, but it is important to be aware of the fees and restrictions regarding the volume of transactions.
Education at BESTLEADER
| Advantages | Disadvantages |
| Offers a wide range of educational resources, including a financial calendar, market news, investment school, investment seminars and financial encyclopedia. | The quality or relevance of the educational resources is not specified. |
| Allows customers to learn more about the financial market and how to trade in it | No mention of whether educational resources are up to date |
The educational resources dimension is important for clients of a trading company, as it allows them to learn more about the financial market and how to trade in it. BESTLEADER offers a wide range of educational resources, including a financial calendar, market news, investment school, investment seminars and a financial encyclopedia. These resources can be useful for both novice and experienced traders. Investment seminars can also provide opportunities to meet and learn from other traders. However, the quality or relevance of the educational resources, whether they are up-to-date, or whether they are accessible to clients of all experience levels is not specified. In addition, there is no mention of whether the investment seminars are free or at an additional cost, and it is not specified whether there are dedicated staff to answer questions or provide advice on the educational resources.
BESTLEADER Customer Service
According to information available on BESTLEADER's website, the company offers phone support along with other contact options such as email, physical address and fax. They also have an online chat available on their website for more immediate communication.
As for customer service in general, BESTLEADER seems to take it seriously, with multiple communication channels available and a quick response to inquiries. Customer service agents are friendly and professional, and go out of their way to help customers resolve any problems or questions they may have. However, BESTLEADER only offers services in three languages: English, Traditional Chinese and Simplified Chinese.
Conclusion
In conclusion, this company offers a limited selection of financial products, as it only focuses on investing in spot gold and silver. While it may be an interesting option for those interested in this type of investment, those looking to diversify their portfolios with other financial products will have to look elsewhere. In addition, it is important to keep in mind the limitations in terms of the educational tools and resources available, as well as the commissions and fees associated with deposits and withdrawals. Overall, this firm may be suitable for those with specific experience and expertise in precious metals investing, but those looking for a broader offering of products and educational resources may want to consider other options in the market.
Frequently asked questions about BESTLEADER
Question: What financial instruments does this company offer？
Answer: This company offers spot gold and silver trading.
Question: How much money do I need to start trading with this company？
Answer: A small deposit is required to start trading, but the company does not provide detailed information on this.
Question: How can I fund my account？
Answer: You can fund your designated bank account by wire transfer, check or wire transfer.
Question: What are the company's hours of operation？
Answer: The trading platform is available from Monday to Saturday, from 9:00 a.m. to midnight.
Question: How can I withdraw my funds from the account？
Answer: You can request a withdrawal through the User Center or by completing the appropriate form. There is a minimum withdrawal amount, and a 3% commission will be deducted from the amount if the trading volume does not reach the required level.
Question: Does the company offer any training for traders？
Answer: Yes, the company has educational resources such as a financial calendar, market news, an investment school, investment seminars and a financial encyclopedia.
Question: How can I contact the company's customer service？
Answer: You can contact customer service via email or telephone, or use the online chat available on the trading platform.
Keywords
- 5-10 years
- Suspicious Regulatory License
- MT4 Full License
- Regional Brokers
- Australia Investment Advisory License Revoked
- Hong Kong DS License Unauthorized
- Suspicious Overrun
- High potential risk
Review 25
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1239735
Taiwan
The backend website of the company's products will not be able to log in or withdraw money starting today. Investors should no longer trust this platform
Exposure
2022-12-13
Lydia343
Taiwan
i invest BESTLEADER the company's fund products, apply for bonus return in october 2022, after filling out the application form, until november 29 today, have not received BESTLEADER is the repatriated amount illegal not to be paid to the investor? please check the relevant units! if necessary, relevant archives and materials can be provided to the investigation unit as evidence.
Exposure
2022-11-29
阿庭
Taiwan
Since the beginning of October this year, my business told me that hong kong BEST LEADER banks in Australia have recently been listed as suspected money laundering accounts by banks due to frequent large-scale transactions of gold flows, strengthened inspections, and restricted fund remittances, and notified global joint inspections, hong kong BEST LEADER it is currently cooperating with the investigation, and this incident will cause the funds to be deferred to the account to continue! currently hong kong BEST LEADER in addition to cooperating with relevant inspections, international financial lawyers have also been commissioned to find a way to solve the problem quickly! it's already the end of November, and I don't know if what the business says is true or not
Exposure
2022-11-29
RedTea
Taiwan
From May 2022, I and the investors around me have gradually discovered that BCR and Baifu dodge each other, not only unable to withdraw the funds as agreed on schedule, but also the top management and finance began to avoid meeting. Inquiries to Hong Kong Belle Precious Metals Co., Ltd. did not respond positively. At present, hundreds of people are known to be cheated in Taiwan, and there are victims in Hong Kong, Singapore, Malaysia and China. Professionals are needed to help recover funds, or freeze their Hong Kong company assets.
Exposure
2022-11-28
djfb
Taiwan
The Australia company of Best Leader scams Taiwan investors to buy wealth management products. Although there have been stable dividend distributions for several years, since August this year, the withdrawals have not been smooth and the connection has been disconnected.
Exposure
2022-11-18
JUDAN
Taiwan
Submitted a withdrawal application, the status has been stagnant and has been checked, and there is no following, and I do not know whether the object is in any condition, there is no announcement or any notification at all
Exposure
2022-10-26
Jullo
Taiwan
Since August, I have applied for a withdrawal, and there is no updates so far. Whether it was maliciously closed down, I can't know the relevant local training information from Taiwan.
Exposure
2022-10-17
Killer496
Taiwan
I made profit each month, so I didn't make deposit for 2 months. Now, I applied to withdraw my principal and the membership data on the computer showed that I had withdrawn already, but I didn't received my fund. The person in charge of the platform in Taiwan, named Chen Jiahe, went to Hong Kong and could not find him. And the chief financial officer Hong Shufang also refused to reply.
Exposure
2022-10-06
এ᭄丫头ꦿ᭄
Hong Kong
At first, they said my application wasn't approved and then their system was in maintanance. So I can't withdraw funds untill tomorrow after noon. How can I get my withdrawals arrived asap. Please help me
Exposure
2021-02-06
A呼呼
Hong Kong
BESTLEADER scams. Can't withdraw at all. A series of tricks. Ask you to deposit first, but when you withdraw, they tell you that you card number is wrong and I can't modify it by myself. If you wanna modify your account, you should ask the customer service to deposit 10% of your account balance. After depositing, your account will be frozen if you withdraw again for insufficient credit score. Deposit ￥10,000 for one credit score, you can't withdraw until your credit score is 100!
Exposure
2020-10-17
Come Back
Thailand
I was cheated by a fake platform name bestleader And platfrom name Dtrex It is a fake platform from Chinese people. Trade will always win. For us to invest more But if you want to withdraw money Them will tell you to transfer 10% of the account balance. For the withdrawal fee
Exposure
2020-09-28
FX4522508942
South Korea
I applied for withdrawal and I paid the tax of the withdrawal amount. The counselor told me to wait two days, but I haven't come in yet As a result, the consultation page does not suddenly enter
Exposure
2020-09-09
小鱼11713
Hong Kong
I am an old clients of BESTLEADER. I have deposited $11445. I made constant losses. I haven’t make the withdrawal yet. Having profited $1600 or so, I applied for the withdrawal(the account status was still negative $6800). But BESTLEADER refused on ground wrong quotation. The service didn’t cope with it. I only received an email which asked me to cancel the profit. Now it has refused me for 3 times. Is it a fraud? As long as clients made profits, it would blacked them to sign the lord clause.
Exposure
2020-08-04
概率玩家
Hong Kong
The rate of inventory fee increased from -1.25% per 360 day, i.e., the inventory fee for per 0.1 lot needed $0.7, to $20 per 0.1 lot.
Exposure
2020-04-27
易极
Hong Kong
BESTLEADER doesn’t allow clients to go short, closing their long position. That is, clients could only close or lock all positions, which is a rip-off.
Exposure
2020-04-23
lion.hu
Hong Kong
Hong Kong BESTLEADER Precious Metal Co., Ltd. has a virtual trading system which has not been subject to any supervision.Through the third party,the fund does not flow to the so-called London gold trading market, but to the company’s pocket through lays of transactions. Most of the client's funds are subject to such a false trading system with ultra-high leverage, high handling fees and controlled by the back-end trading software, which will roll up the customers’ all fund. Most of the customers will go bankrupt and even be plunged into debts. Without any risk warnings, I was deceived by my agent on February 23, 2018 to open an account in Hong Kong BESTLEADER Precious Metal Co., Ltd.and trade the above gold , from February 2018 to the end of January 2019. During the time, Hong Kong BESTLEADER Precious Metal Co., Ltd. and its agents manipulated my account through backstage,giving reverse order recommendations and operating frequently,etc.,and made me lose 758953.325 RMB. I have already reported to the mainland of China and Hong Kong police. The behavior of BESTLEADER Precious Metal has been identified as fraud by the police in the two places. It is under investigation. Please avoid being deceived.
Exposure
2019-06-12
FX2589641282
Hong Kong
BESTLEADER precious metal gives reverse order recommendations, causing me to suffer serious losses. It is extremely irresponsible. BESTLEADER also clarified the relationship with the adviser who gave order advice, and told me that the adviser was unrelated to the company. Fortunately, I have evidence, see evidence, is the man unrelated to the company? The adviser always told about risks, but in fact he gave me reverse order advice. My losses can indicate that the adviser is seriously irresponsible. Behaves better than the mouth. On November 14th when the British existed from Europe, the gold was obviously bullish, and the adviser did not give me any feedback, and seeing me lose money. In addition, BESTLEADER has illegally provided private deposit accounts for a long time, which is obviously illegal. I asked BESTLEADER to compensate me for the loss.
Exposure
2019-01-08
FX2589641282
Hong Kong
Back then I was leaning gold analysis on the Internet, an instructor (Nickname: AAA Zou Haohan, ID: ZHH8625) added me. At first, he gave me some advices for how to get out of the trap. Then he urged me to invest in BEST LEADER where his team can instruct me. He told me how to deposit and introduced me the deposit customer service. The service told me I can only be invited to the instructing group if I deposit at least $20000. I did as it told. The instructor (QQ nickname: Zhiluren$Guopeng, ID: 1134361257) gave us forex advices in the QQ group. I made a small profit during that time. Then I withdrew some as I needed money. Because my balance was less than $20000, they kicked me out of the group. On November 2, after I got kicked out of the group, I can only contact the instructor personally. Later, most of his advices made me lose. On November 14, he didn’t even tell me the Brexit news, letting me to lose. On November 23, I applied for withdrawal. My loss was $25482 altogether at last.
Exposure
2018-12-31
FX4539759123
Hong Kong
BESTLEADER’s agent invited me into their group and deliberately gave me wrong directions. I lost 36000 RMB in a short time. I contacted the platform but they said it was none of their business and banned my account. Stay away from them!
Exposure
2018-12-03
FX4539759123
Hong Kong
From July 9 to 25, BESTLEADER’s agent opened an account for me. And he gave me one-on-one reverse order recommendations, causing me to suffer a serious loss of 36,000 in a short time. I contacted the person in charge of the platform, who deliberately shirk the responsibility and saying that the losses were caused by myself. The platform even claimed itself to be a formal platform. Besides, it is an association in Hong Kong. It is not subjected to the supervision of the Hong Kong Securities Regulatory Commission. It run beyond the business scope, which is illegal in the mainland China. You must give my hard-earned money back, otherwise I will keep make complaint!
Exposure
2018-11-26