LeSen Financial Limited is a CFD broker registered on May 6, 2024. The broker primarily offers a wide range of trading markets through its self-developed trading platform and mobile application, including forex, stocks, futures, energy, precious metals, cryptocurrencies, and CFDs.
Corporate Registration Information and Regulatory Status:
Public information on the official website of LeSen Financial Limited reveals that its headquarters are located in New York, USA. Additionally, the broker is registered and regulated by the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the United States, with an NFA ID of 0561418 and a MSB number of 31000263262302.
Upon verification, the National Futures Association (NFA) lists an entity with the NFA ID 0561418 as SMART GLOBAL, registered as a non-member entity, and not regulated by the NFA. The Financial Crimes Enforcement Network (FinCEN) website also indicates that the business with the MSB number 31000263262302 is SMART GLOBAL. However, FinCEN's primary mission is anti-money laundering, and it does not regulate standard financial derivative transactions. It is also unclear what relationship exists between LeSen Financial Limited and SMART GLOBAL.
Furthermore, the broker's official website shares strikingly similar webpage design and content with those of ASEX, Nuoanda, Accel, XRB-MAX, Ticmill, HANTEC FINANCIAL, and other brokerage websites.
Account Opening:
To open an account with LeSen Financial Limited: visit the broker's official website, click "Register" on the homepage or the top right corner of the web page to access the account registration page, first proceed with email verification, set a login password upon verification, and submit. Once the application is submitted, the account is successfully registered.
Trading Account Information:
The official website of LeSen Financial Limited only discloses information such as spreads, trading leverage, margin call/stop-out levels, and contract size, without providing details on account types, trading commissions, minimum/maximum trade volumes, maximum positions/orders, or minimum price precision, among others.
- Spreads: Variable spreads
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Levels: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
LeSen Financial Limited offers the ST5 trading platform to its users.
Deposits and Withdrawals:
LeSen Financial Limited has not explicitly disclosed the supported deposit and withdrawal methods, fees, or the minimum deposit and withdrawal amounts on its official website.
Summary:
Traderknows warns investors that LeSen Financial Limited is a forex scam website with opaque registration and regulatory information, and is suspected of false advertising. The only way to contact this broker is through email, with very limited contact options. Its official website's design and content use the same template as those of ASEX, Nuoanda, Accel, XRB-MAX, Ticmill, and HANTEC FINANCIAL, among other broker websites. Traderknows Encyclopedia advises investors to choose brokers with transparent information, strong regulation, and a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
