Lvl Singapore PTE Review: Is It a Safe Broker or a Scam?

Today, we present a Forex/CFD broker that claims to have everything needed to unlock massive trading opportunities for its clients. By this, they mean regulation in two jurisdictions, access to thousands of trading instruments, and top-tier service. Our Lvl Singapore PTE review is here to warn traders: this is yet another scam project where your money will vanish without a trace. To avoid falling victim to fraudsters, take a look at the materials provided below.

Lvl Singapore PTE General Information

Website	https://lvl-singapore-pte.site/
Phone Number	+441970450306
Email	support@lvl-singapore-pte.site
Address	9 Raffles Place, Republic Plaza, Singapore
License	None
Minimum Deposit	Unspecified
Assets	CFDs, IPOs
Leverage	Up to 1:200
Trading Platform	Webtrader

Registration and Client Portal Review

The creators of the official Lvl Singapore PTE website have achieved an astonishing result. No, we are not talking about the design — although, admittedly, it turned out quite decent. What is truly shocking is the content — poorly written, full of errors and inconsistencies.

How else can one evaluate a website where the developers have created only five pages, added registration/login forms, and three documents? Should we consider it quality content when the site claims to offer 5,000+ available instruments in a scrolling ticker under the banner, but then, just below, it states there is access to 29,000 U.S. stocks alone? Equally questionable is the mention of a 30% bonus on the Promotions page, while the account types list the same bonus at no less than 40%. The list of inconsistencies goes on, but the main point is clear: the content was created by incompetent individuals who do not seem concerned about the reputation of the website or the broker.

The registration form, however, does not have such issues. It requires only a few fields to be filled in:

• Email address.
• First and last name.
• Password (entered twice).
• Country of residence.
• Phone number.

Additionally, before submitting the form, the user must complete a Cloudflare anti-bot verification. Immediately after submission, without any additional checks, a new client receives an account and access to the personal dashboard.

It is worth noting that the registration process barely resembles the procedures required by most regulatory bodies:

• The broker requests minimal personal data.
• There is no contact verification.
• The trader is not asked to review or accept key documents such as Terms & Conditions, Privacy Policy, etc.

The personal account includes the following features:

• Creating and managing wallets.
• Creating trading accounts.
• Depositing funds into the wallet and transferring them to a trading account.
• Submitting withdrawal requests.
• Changing the password.
• Sending tickets to customer support.

Additionally, the For Investors section displays the current market situation for currency pairs (via a TradingView widget), while the Analytical Review section provides some trading insights for the week.

Overall, apart from the lack of personal data verification, the platform offers a standard set of features. The analytical materials could have been a valuable addition if they were actually useful for real trading.

Account Types Review

The list of account types and trading conditions at Lvl Singapore PTE is quite disappointing. The company offers four tariff plans:

• Basic.
• Smart Start.
• Full Package.
• VIP.

However, almost nothing is known about these accounts apart from their names and a few vague benefits, such as access to webinars, personalized trading plans, or working with a Trust Manager. Why the broker considers these aspects more important than key details like minimum deposit requirements, spreads, or trading fees remains a mystery. The only quantitative detail provided in the table is the deposit bonus percentage.

It is clear that the platform primarily aims to attract beginner traders. However, doing so at the expense of publishing essential trading conditions is, in our view, an unsuccessful approach. This might have been understandable if Lvl Singapore PTE had detailed trading conditions elsewhere, such as in contract specifications on another page. However, the broker’s team seems unaware of this approach. The only information we found was related to leverage.

Even this information is inconsistent. On the homepage, the broker provides a table listing maximum leverage ratios for retail and professional investors:

• Major currency pairs: 1:30 (retail) and 1:200 (professional).
• Other Forex pairs, gold, and indices: 1:20 and 1:100.
• Commodities: 1:10 and 1:40.
• Stocks and ETFs: 1:5 and 1:20.
• Crypto assets: 1:2 and 1:5.

This categorization makes sense, but the company provides no information on how clients are assigned retail or professional status. This question becomes especially interesting given the minimal personal data requested at registration and the complete absence of any qualification questionnaires.

However, this is not the most shocking part. On the Trading Instruments page, under the Forex Trading section, the broker unexpectedly lists a maximum leverage of 1:2000 for Forex assets. And this is not a typo! The same figure is repeated in the accompanying text, with the broker touting it as one of the greatest advantages for highly profitable trading. However, they conveniently forget to clarify which figures traders should actually believe.

Trading Platform

Lvl Singapore PTE provides very limited information about its trading platform, mentioning only:

• An intuitive interface.
• The ability to trade directly on charts.
• A powerful set of tools for analyzing asset behavior.
• A stock screener.

We are well acquainted with this software because it was not developed by the broker’s team. The Sirix trading platform is provided to the company by Leverate (or a White Label license holder). Notably, this is not the worst choice — the platform is functional, supports multiple chart displays, and even allows one-click trading.

However, it has several drawbacks:

• Market overview is poorly organized, making it time-consuming to select a new symbol. While this is less critical in multi-chart mode, it can hinder efficient trading in fast-moving markets.
• Only 19 indicators are available — a much smaller set compared to top-tier platforms, which may cause difficulties for traders looking to transfer their trading strategies.
• The selection of graphical analysis tools is also limited.
• The interface contains unnecessary information for most traders, such as a list of successful signal providers for copy trading. Since only about 8% of users engage in copy trading, the workspace is used inefficiently for the majority.

Yes, the terminal is relatively fast. However, the broker claims an average order execution time of 31 milliseconds, which is only achievable in one-click trading mode and on a high-performance dedicated connection.

Lvl Singapore PTE — Deposit and Withdrawal of Funds

The payment methods used for non-trading transactions clearly indicate that this broker is a scam. The reason is simple: there is essentially only one payment method — cryptocurrency transactions. While the company does accept multiple tokens, either directly or via the Payeer payment system, this does not change the core issue.

Lvl Singapore PTE aims to remain anonymous, hiding its payment details not only from regulators but also from clients. This approach is characteristic of scam projects. In contrast, most regulated brokers either do not accept cryptocurrencies at all or work with them under a special license.

Verification

Surprisingly, the Lvl Singapore PTE client area includes a document upload function for verification. However, its purpose is unclear, given that the broker:

• Does not publish KYC and AML policies, which are necessary for proper verification procedures.
• Does not collect detailed personal information, including the trader’s residential address.
• Uses only anonymous methods for financial transactions.

Additional Options

Lvl Singapore PTE provides several additional options:

• Deposit bonuses. According to the table, bonuses can reach up to 80%. However, a broker claiming to be licensed in two jurisdictions should know that most reputable regulators (including CySEC, which the company frequently refers to) strictly prohibit the use of bonus programs to attract and incentivize clients.
• Participation in IPOs. To take part, clients must deposit at least $3,000, receive a list of upcoming IPO stocks from the broker’s representatives, and submit a purchase request. We strongly suspect that this company operates without proper registration, making this offer just another scam. Investors will not receive any shares without a depository, and an unregistered broker cannot open an account there.

Is Lvl Singapore PTE a Scam?

We have already demonstrated that this is yet another scam broker. A deeper analysis of official data provides even more compelling evidence to support this conclusion.

Legal Information and License

The broker claims on several pages of its website that its activities are regulated in two jurisdictions. It mentions registration in Singapore (which is somewhat expected given the company’s name) and even provides a local address along with a UEN (Unique Entity Number) assigned by the Accounting And Corporate Regulatory Authority (ACRA).

Naturally, we started by verifying these registration details. However, a search in the ACRA database using the company number yielded no results. Searching by company name also produced nothing. This confirms that the Singapore registration claim is false. The details provided are fake, and the broker was never registered in Singapore. In this case, it is pointless to check for a financial license‌ — ‌an unregistered company cannot obtain one.

It would be impossible for Lvl Singapore PTE to obtain a license from any regulator, including offshore authorities. Despite this, the broker confidently claims to be regulated by CySEC (the Cyprus Securities and Exchange Commission) — but does not provide a license number. We searched CySEC’s database using the company name and domain name. As expected, no results were found.

This confirms that the broker operates without registration and holds no licenses. Its activities are illegal, and it cannot provide legitimate trading services. Without a doubt, Lvl Singapore PTE is a scam project.

Capital Systematics Domain Info

The broker does not mention its founding date anywhere on its website. The fake UEN was likely created to give the impression that the company was established in 2010. To find objective information, we checked the domain registration details through WHOIS.

According to WHOIS, lvl-singapore-pte.site was registered on November 3, 2024. The broker may have launched active operations a bit later, after a significant website update on December 20, 2024. The difference between these dates is small, meaning the company has been operating online for only about 3 to 3.5 months.

Contacts Review

The contact page of Lvl Singapore PTE does not even have a feedback form. The registration address, office location, phone number, and email address are listed in the website footer. However, it is unclear why a supposedly Singapore-based company has a British landline phone number instead of a Singaporean one. The scammers failed to create a believable backstory in this regard.

It is also evident that the fraudsters did not bother creating any social media pages. They do not expect their project to last long, so they see investing in social media groups and channels as a waste of time and money.

Pros and Cons

Frequently Asked Questions (FAQ)