About Levels
Company Background
Levels is an online brokerage that was founded on May 14, 2024, and is registered in Saint Lucia. The company operates under the name Levels Ltd with registration number 2024-00069. Its registered address is at Ground floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia, with a physical office also listed in Alexandria, Egypt. The broker's official website is fxlvls.com.
Regulation and Licensing
Levels does not hold any known regulatory licenses from major financial authorities. The broker is registered in Saint Lucia, a jurisdiction that does not require forex brokers to be licensed by a financial regulator. This means traders who open accounts with Levels do not benefit from investor protection schemes or compensation funds typically offered by regulated entities. The absence of regulation is a significant factor to consider when evaluating the broker's trustworthiness.
Account Types
Levels offers four distinct account types to cater to different trading preferences and capital levels. The STP (Straight Through Processing) account has a minimum deposit of $100 and offers leverage up to 1:1000, making it accessible for retail traders. The ECN account requires a minimum deposit of $1,000 with a maximum leverage of 1:200, targeting more active traders.
The INST account is designed for institutional investors with a minimum deposit of $25,000 and leverage up to 1:100. The PAMM account allows clients to invest in managed accounts with a minimum deposit of $1,000 and leverage up to 1:1000. Each account type provides different trading conditions and spreads.
Trading Platforms and Instruments
The broker supports the MetaTrader 5 (MT5) trading platform, a widely used platform known for its advanced charting tools and automated trading capabilities. Additionally, Levels offers the cTrader platform, which is popular among ECN traders for its intuitive interface and direct market access. Both platforms are available for desktop, web, and mobile devices. Levels claims to provide over 800 trading instruments, including forex, commodities, stocks, indices, and cryptocurrencies, giving traders a broad range of markets to speculate on.
Funding and Withdrawals
Levels states that it offers instant withdrawals and a minimum deposit starting from $5. The broker likely supports various payment methods, though specific details are not prominently listed on the website. The claims of instant withdrawals and low minimum deposits are typical of many unregulated brokers aiming to attract clients. Traders should verify the actual processing times and any potential fees before depositing funds.
Target Audience
Levels appears to target both retail and institutional traders, with its account types accommodating different experience levels and capital sizes. The high leverage options (up to 1:1000) may appeal to traders looking for significant exposure with minimal capital. The PAMM account attracts investors who prefer passive investing by allocating funds to professional managers. However, the lack of regulatory oversight suggests that Levels may be best suited for experienced traders who understand the risks involved with unregulated brokerages.
Overview compiled by FXCanary from regulatory records and public data. full Levels review