bailleader.net is an online contract for difference (CFD) trading website, set to launch in October 2024. It is operated by Baillie Gifford Capital and offers investors CFD services across multiple assets, including stocks, forex, commodities, and indices. The platform is only available in regions where local laws permit.
Main Services of the Platform
Various Trading Accounts
bailleader.net provides a variety of account options for users with different needs, including Multi-asset accounts, Stocks CFDs accounts, and MT5 accounts. The platform offers different leverage levels based on user types, catering to both retail and professional traders.
Supported Trading Systems
The platform uses the ST5 system for trading, supporting both desktop and mobile devices. The ST5 platform is powerful, featuring over 30 built-in technical indicators, along with robust charting tools and real-time analysis capabilities.
However, after downloading the link provided on the official website, the apps available in the App Store and Google Play are "ACMJ" and "RTHYUTG," which differ from the ST5 platform as claimed on the website.
Various Trading Products
- Stock Trading: Stocks represent ownership rights in a company, allowing investors to earn dividends and capital appreciation.
- Forex Trading: The forex market is the largest globally, with traders making profits from currency pairs as a result of fluctuating exchange rates. It is known for its flexibility and lively trading activities.
- Commodity Trading: Involves physical assets traded in the market like precious metals, energy, and agricultural products, often used for portfolio diversification.
- Index Trading: Indices track the overall performance of specific groups of stocks or assets, reflecting the general trends in markets and sectors, used to assess the general market health.
Deposit and Withdrawal Details
The platform supports bank wire transfers for deposits and withdrawals. Deposits are free, and the first withdrawal under $500 each month is also free. However, withdrawals exceeding $500 incur a $40 wire transfer fee per transaction (or €30 for euro accounts).
Contact and Social Channels
bailleader.net does not provide official accounts on common social media platforms like Facebook, Instagram, and Twitter. Users can only contact the customer service team via phone or email listed on the website.
Company Background and Regulatory Information
Company Background
According to the website, Baillie Gifford Capital is headquartered in Manhattan, New York City, with the specific address at 1585 Broadway, Midtown Manhattan, West of Broadway, New York City, USA.
The company claims to be dual-regulated by the Cyprus Securities and Exchange Commission (CySEC) and the South African Financial Sector Conduct Authority (FSCA), with license numbers 123/10 and 46990, respectively. It is also registered with the National Futures Association (NFA) in the US, with the registration number 0558058.
Actual Regulatory Findings
Upon verification, the CySEC website shows that license number 123/10 corresponds to Colmex Pro Ltd, with the official website www.colmexpro.com, not to bailleader.net.
Additionally, the FSCA website indicates that license 46990 belongs to COLMEX PRO LIMITED, rather than Baillie Gifford Capital. Furthermore, a search on the NFA website reveals no registered entity with the number 0558058.
Conclusion
bailleader.net is a new CFD trading platform launching in 2024, but the website content shows signs of duplicating broker Colmex Pro, and it lacks authorization or regulation from any financial regulatory authority, nor does it exist as a legitimate corporate entity.
Risk Warning: CFD trading is a high-risk investment, with price fluctuations potentially leading to the loss of principal. Leverage amplifies both risk and reward. Investors are advised to fully understand market volatility and the CFD mechanism, assess their risk tolerance, and be cautious with trades, avoiding irrational investments.
