Limit FX Review - Is it scam or safe?

Item: Limit FX
Rating: 1.5 / 5
Author: Forexbrokerz

RATING: 1.5 / 1 REVIEWS

Limit FX is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS

FXTM OFX FPM XM FXCM

Trading Accounts & Conditions

Account type	Minimum deposit	Minimum trade size	Maximum leverage	Spreads
Basic	$50	0.01	1:200	2.0 pips, fixed
Pro	$1 000	0.01	1:200	1.6 pips, floating
Institutional	$10 000	0.1	1:100	Raw + $100/million

You may open an account with LIMIT FX by investing at least $50 and use leverage up to 1:200, micro tradeable lots, variable or and fixed spreads on the popular MetaTrader 4 platform.

Limit FX claims to offer pure NDD environment with no conflict of interest. The fixed spreads provided by this broker are standard, amounting to 2.0 pips on EUR/USD, while variable ones are above the average range of 1.0 – 1.5 pips for this pair. Otherwise the maximum leverage provided and the minimum deposit required are standard.

The Company. Security of Funds

Company	Country	Regulation
LIMIT TRADING LTD	UAE	N/A

Founded in Dubai in 2012, LIMIT FX is a forex and CFD brokerage that uses the industry’s standard MT4 platform. The brand is owned and operated by Limit Trading Ltd, a company based in the United Arab Emirates that it is not regulated by any authority. The broker’s website is available in Arabic, Turkish, Persian and English.

Investing in a broker that is not regulated, nor supervised by any authority is a risky business and we generally advise traders to stay away from such companies and to select among brokers licensed UK’s FCA or Cyprus’CySEC, for example.

Trading Platforms

As we have already mentioned, Limit FX supports the MetaTrader 4 (MT4), offered as desktop and mobile versions.

MT4 is an easy to use fully equipped trading terminal. It offers a number of technical indicators, extensive back-testing environment, advanced charting tools and trading automatization options with the most widely used trading robots (aka EAs).

Limit FX's desktop MT4. Click for a larger image.

Methods of Payment

Limit FX offers bank wire transfer and credit/debit cards as payment methods:.

Conclusion

Overall, Limit FX’s trading conditions seem standard, although we doubt that it is indeed a NDD broker. However, in our view the main problem with this broker is the lack of regulation. To sum up the above:

Pros	Cons
MT4 available	Not regulated
NDD broker	Variable spreads above the average

Latest news about Limit FX

No news about Limit FX . Check back later.

Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.


	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Cyprus, SVG	CySEC	MT5, Web, cTrader	$100	Review Website
	Australia, Cyprus	ASIC, CySEC	MT4, MT5, Iress	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	UK	FCA	MT5	$5	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Hong Kong	SFC	MarketSpeed FX, Trading Station	$1	Review

Traders` reviews for Limit FX

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