Leed Word, owned and operated by LEED GLOBAL CAPITAL LIMITED, claims to be a regulated broker by ASIC, CIMA and NFA. However, we didn't find any result macthing this broker from the registry of ASIC and CIMA.
Besides, we indeed found a matching result in NFA's registry, however, Leed Word is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Obviously, Leed Word doesn't satisfy these conditions.
All in all, Leed Word is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
Leed Word, owned and operated by LEED GLOBAL CAPITAL LIMITED, claims to be a regulated broker by ASIC, CIMA and NFA. However, we didn't find any result macthing this broker from the registry of ASIC and CIMA. Besides, we indeed found a matching result in NFA's registry, however, Leed Word is not overseen by NFA as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Obviously, Leed Word doesn't satisfy these conditions. All in all, Leed Word is not overseen by any regulator. That means investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.