7 Warnings About GetLeveraged: Legit Prop Firm Or Scam?

We checked GetLeveraged’s website, Turbo Trade pricing, Terms, regulator warnings, third-party reviews on Trustpilot, and sent 7 queries to their support team in 2026.

Before walking through 7 key red flags, here’s a summary list of things that concern us:

Below are details on the 7 main red flags from our investigation:

1. Regulators Are Warning About GetLeveraged

GetLeveraged has found itself in the crosshairs of financial regulators. For example, the Cyprus Securities and Exchange Commission (CySEC) issued a warning on 7 April 2026 saying that getleveraged.com is not authorized. The Spanish Comisión Nacional del Mercado de Valores (CNMV) then echoed the warning on 22 April 2026.

It isn’t unusual for prop firms to operate without regulatory oversight – they often claim they don’t require authorization as they don’t strictly provide trading services. However, it’s still a significant red flag that the regulator in the country the company has its head office in (GetLeveraged’s head office operates from Omonoias 13, 3052, Limassol, Cyprus) is specifically warning about it.

Prospective users should also be aware that the lack of regulatory oversight means traders may have limited fund protection or legal recourse if the firm refuses to pay out profits, something previous users have alleged.

2. Unverified Media Mentions

One of the first things you see on the GetLeveraged homepage is a banner with the names and logos of trusted financial outlets and companies, including Morningstar, Yahoo Finance, Revolut, Stripe, Rise, and The Globe And Mail, with the subtle implication that they’ve been featured by these firms. The problem is we dug into the archives of each publication and company, and found zero articles, news stories or other content discussing GetLeveraged, with the only exception being a press release on Yahoo Finance, likely put out by GetLeveraged themselves.

This appears to be a classic tactic we’ve seen deployed by brokerage and investment scams. Sketchy firms will imply or even specifically say they’ve been featured in respected outlets to build trust with prospective customers. Well-regulated brokerages and trusted providers do not resort to misleading clients about their media credentials.

3. The “Pay After You Pass” Trap

Leveraged heavily markets its “Turbo Trade” program, where the starting price is $8.88. This understandably draws traders in with the illusion of low upfront financial risk. However, pass the evaluation phase, and the platform demands a substantial, non-refundable activation fee. For a $100,000 account, this fee is $540.12 at our latest checks. Not cheap or an insignificant sum, especially if you run into payout problems later.

Our other gripe is that by making the entrance fee so low, at $8.88, it may attract inexperienced traders who don’t have the skills to actually get funded. And their tagline of “Everyone’s a trader”, indirectly suggesting beginners can be too, is something we strongly disagree with. Trading is only suited to a small portion of people with a deep understanding of financial markets, a genuine edge, disciplined emotional control, and excellent risk management – certainly not “everyone”.

4. Non-Disclosure Regarding The Brokerage

We had a long chat with the support team at GetLeveraged because we wanted to know, should you pass the evaluation phase, what brokerage/trading infrastructure they use for live trading. We got vague assurances about a “reliable broker setup” and were told they use MT5 and cTrader, but they wouldn’t tell us the actual brokerage’s name, whether they’re regulated, any liquidity providers used, or order-routing models.

This is not necessarily proof of wrongdoing – some other prop firms we’ve looked at are similar. However, it doesn’t give us peace of mind, as we expect clear disclosures on who provides execution, whether that broker or liquidity provider is regulated, and how disputes around slippage, spreads, outages or order fills will be handled, as these could ultimately affect returns, and thus potential payouts.

5. Suffocating Drawdowns And Rules

We benchmarked GetLeveraged’s trading rules against industry averages and found a system that could easily trigger automatic failures and catch users out. While some other firms have a standard 5% daily drawdown, GetLeveraged tightens the screws on their high-tier programs. While the Junior tier sits at 5%, the large-capital Executive portfolio forces an unusually restrictive 3% daily and 6% max drawdown. A 3% daily limit could be easily breached by typical market spreads and overnight slippage.

Also, upon receiving a funded Executive portfolio, the platform cuts the maximum leverage from 1:100 down to 1:30. This sharp drop in leverage may severely restrict position-sizing capabilities, which may make it difficult for funded traders to sustain their previous performance.

6. Concerning T&Cs Clauses

GetLeveraged’s Terms include several clauses that traders should read very carefully. Some are standard for prop firms, but the balance of the Terms is still heavily in GetLeveraged’s favor. These ones in particular caught our attention:

• Section 6.1 says that “all positions are reviewed and monitored by Us” and GetLeveraged retains “sole discretion over whether to execute any suggested trades.” Do not think that placing an order means it will necessarily be executed. This also makes broker non-disclosure more concerning because traders cannot easily assess order routing, liquidity, slippage, pricing fairness or execution quality.
• Section 11.1(l) says the company can terminate an account or restrict access “at Our sole discretion for risk management purposes” based on “internal policies, regulatory considerations, compliance assessments, or other business-related factors.” It also says: “We are not obligated to disclose the specific reasons for such a decision.” In a dispute over payouts or account restrictions, the trader may not get a clear explanation.
• Section 16.2 says the company’s liability for any claim shall not exceed the greater of the amount paid for services in the previous month or “$100.” If a trader believes they lost a payout, account or funded opportunity worth more, the Terms attempt to cap recovery at a tiny amount.

7. Many Complaints Of Non-Payment

GetLeveraged also has a restrictive clause in its Terms regarding public criticism. Section 11.1(e) allows termination if a user makes “defamatory statements” or publishes “harmful content”, which may help mute or minimize traders posting complaints about their experience.

Still, GetLeveraged had around 80 one-star reviews on Trustpilot (out of around 1000) as of our last checks, and we found a worrying pattern – the company refusing to pay out withdrawals for vague or supposedly unfair reasons. We manually reviewed one-star Trustpilot reviews and grouped the complaints by theme, including payout denials, account closures, and unclear explanations.

It is, of course true, that reviews should be approached cautiously (both negative and positive), but approximately 80 reviews of deeply unsatisfied customers should give reason to pause, even if it appears to have primarily positive ratings on platforms like Trustpilot. Whether the rules are fair or not, and regardless of the effort GetLeveraged puts into replying to negative feedback on sites like Trustpilot, there are still a notable number of customers who are left with a sour taste in their mouth after using the prop firm, as well as potentially a lighter bank account.

Bottom Line

Our concern about GetLeveraged is not based on a single issue; it’s the full picture. Regulatory warnings, offshore registration, one-sided Terms, the opaque brokerage and execution setup, and repeated complaints about payouts. That’s why we’d avoid GetLeveraged and consider slowly building your own trading capital using a regulated and trusted brokerage.