No matter what conditions a brokerage company promises, if it lacks a license, has a short operating history, and does not exhibit other signs of being a safe and reliable intermediary, it should be avoided. The first step is to find out if it is regulated and how long it has been in operation — that is, to determine whether it is a fake or not. Only then should you consider the conditions. In this case, there are no guarantees of reliability, so there’s no point in even considering the spreads or leverage.