LeonMarkets Review

About LeonMarkets

LeonMarkets operates under the name Zoltect Solutions LTD, registered in the Marshall Islands with registration number 119981 and address at Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960 (). There is no evidence of regulation or licensing by any recognized financial authority such as the FCA, ASIC, CySEC, or SEC ().

Multiple securities regulators have issued formal warnings against LeonMarkets. The British Columbia Securities Commission (BCSC) published a warning on October 31, 2023, stating that LeonMarkets was offering financial services without authorization in BC (). Following that, the Ontario Securities Commission (OSC) issued a warning on March 18, 2024, indicating that LeonMarkets (aka Zoltect Solutions PTY LTD) was operating without proper authorization ().

The Alberta Securities Commission (ASC) added leonmarket.com to its Investment Caution List on March 27, 2024, highlighting that the entity is not registered to trade in or advise on securities or derivatives in Alberta (). Additionally, Québec’s Autorité des marchés financiers (AMF) issued an investor warning on December 28, 2023, stating that LeonMarkets is not registered with the AMF and is not authorized to solicit investors in Québec ().

Pros and cons

Pros

• No confirmed factual advantages available from official or regulatory sources.

Cons

• No regulation or licensing by recognized financial authorities.
• Warnings issued by BCSC (October 31, 2023), OSC (March 18, 2024), ASC (March 27, 2024), and AMF (December 28, 2023).
• Operating from an offshore jurisdiction with minimal oversight (Marshall Islands).
• Absence of client fund protection mechanisms or regulatory oversight.