Read our Leading Alliance review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a leading-alliance.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Leading Alliance is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Leading Alliance in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Leading Alliance Review Conclusions
Making the Leading Alliance review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Leading Alliance review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Total scam. Got some good bucks out of me but not enough to break me. Had an account with some good profits but was not able to make a withdrawal. Then mysteriously my account does not exist. Did a wire from my bank to Coinbase. From there bought eth and transferred to said broker. That was it. Please do not use them. Live and learn but I have filed a report with a cyber company and an investigation is under way.
(1/5)
hi John G. Please let me know how to file a report with a cyber company thank you
Jeannie,
Were you able to get an answer to your question? I am having the same issue as you.
My situation is exactly the same as John G , can someone tell me where I can find a regulating agent to file a report against this scammer
Thanks
I have tried to withdraw my money from them with no luck. When I try to make chat contact with their customer support , I keep getting timed out and knocked off of the chat.
DO NOT DO BUSINESS WITH THEM!
(1/5)
It looks like we won’t get our money back. Is there any way to fight with them?
I am having the same issue with Leading Alliance not letting me withdraw my money and they are making a claim that i was manipulating the market, etc. which i have no idea what that means. Now they have asked me to supply a 45% payment of my total funds in the account to their risk department in USDT funds so they can confirm the funds are mine and after 72 hours the funds will be returned and the account opened back up. This payment is nearly 180k US!
I couldn’t come up with the funds by the date they required it so i asked them what is the next step in the process. I have done nothing illegal so i am not worried and want my dam money. I read above to contact Forex but have no idea what country Forex to reach out to. Can anyone help me with this? I live in the US.
They are a complete fraud. They want you to utilize a version of MT5 that pushes a new configuration to your device, and you don’t even have to do any investment / trading before they start to scam you. I would love to help take these fraudsters down. I would also like to get my money back – not enough to break me but not trivial either – but more importantly I want the scammers stopped.
(1/5)
100% scam. Do not trust the person who tells you to use this broker. They are not your friend. They are lying to you.
(1/5)
DO NOT INVEST WITH THIS HORRIBLE AND MOST SOPHISTICATED SCAM INTERNATIONAL ENTERPRISE. They took tons and will take everything you have. Use women to lure as well. Build confidence….talking to specialists who clearly know the market conditions and bring you in fast and furious….Law suits in process… YES>..then they have you download MT5 from THIER website which leads to heaps and tons of MALWARE on your phone and computer. Change ALL bank accounts immediately. Their Malware has who knows what on it – tracking – listening, you name it.