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Limit FX Review - Is it scam or safe?

Limit FX Review - is limitfx.com scam or good forex broker?

RATING: 1.5 / 1 REVIEWS ForexBrokerz Limit FX
Limit FX is an offshore broker. Your money is not safe.

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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
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Traders` reviews for Limit FX

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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