Limit Markets
Basic Information
Pros and Cons
Pros
- Responsive customer service
- User-friendly trading platform
- Variety of trading instruments
- Satisfactory withdrawal experiences reported
- Offers high leverage up to 1:500
Cons
- Unregulated broker
- Concerns about safety and transparency
- Withdrawal issues reported by users
- Mixed reputation in user evaluations
- Possible regulatory risks
Is Limit Markets Safe and Legit?
Limit Markets is registered in Mauritius and has been operational for 5-10 years. It offers a variety of trading instruments, including forex, commodities, indices, metals, and stocks, with leverage up to 1:500 and variable spreads starting from 1.1 pips.
The broker is currently unregulated, which raises concerns about its safety and legal standing in other jurisdictions. As such, potential clients should exercise caution and conduct thorough research before engaging with this broker.
In terms of reputation, Limit Markets has received a mix of user evaluations. While many users praise the broker for its responsive customer service and user-friendly platform, there are concerns regarding the lack of regulation and transparency. Users have reported satisfactory withdrawal experiences, but some have mentioned a notable presence of complaints related to regulatory issues, suggesting potential risks for traders.
Is Limit Markets a Regulated Broker?
What Are the Regulatory Licenses Held by Limit Markets?
No regulated licenses are held by Limit Markets. The broker is unregulated, which raises concerns about its safety and legal standing in various jurisdictions. Potential clients should be aware that Limit Markets operates without oversight from any mainstream regulatory authority, indicating potential risks associated with trading with them. As such, it is advised to exercise caution and conduct thorough research before engaging with this broker.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Limit Markets does not hold any regulatory licenses, and as such, there are no guarantees regarding the protection of client funds. The broker does not specify whether client funds are held in independently regulated bank accounts or any investor compensation schemes, which raises concerns regarding capital safety and transparency.
Limit Markets Leverage
Limit Markets offers a maximum leverage of up to 1:500 across various trading instruments. However, being an unregulated broker, it does not adhere to any local regulatory limits, and potential clients should be aware of the risks associated with high leverage trading without regulatory oversight.
Limit Markets Withdrawal Review
How to Contact Limit Markets?
Limit Markets has encountered a variety of complaints from users, primarily focused on withdrawal issues and lack of regulation. While many users have reported satisfactory experiences with withdrawals, there are credible sources indicating a notable presence of complaints regarding regulatory concerns. The broker has been praised for its responsive customer service, though there are doubts about its handling of complaints, as no significant public records of large-scale complaints are available. Overall, potential clients should be cautious due to the broker’s unregulated status and mixed reputation.
Frequently Asked Questions
A1: Limit Markets is currently unregulated, which raises concerns about its safety and legal standing in various jurisdictions. Potential clients should be cautious and aware of the risks associated with trading with an unregulated broker.
A2: Limit Markets does not provide specific information on whether client funds are held in regulated bank accounts or if they participate in any investor compensation schemes. This lack of transparency raises concerns regarding capital safety.
A3: Users have reported a mix of experiences regarding withdrawals with Limit Markets. While many have had satisfactory withdrawal experiences, there are notable complaints about withdrawal issues and concerns related to the broker’s unregulated status.
A4: You can contact Limit Markets through their customer support number at +230 245 6703 or via email at info@limitmarkets.com. They have been praised for their responsive customer service.
A5: Limit Markets offers a variety of trading instruments, including forex, commodities, indices, metals, and stocks. They provide multiple account types to cater to different trading needs.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.