Limit Markets is a Forex broker registered in Mauritius, providing trading services for forex, commodities, indices, precious metals, and stocks. The broker offers three main types of trading accounts: Classic, Pro, and Elite accounts, with a maximum leverage of up to 1:500. The minimum deposit for the Elite account is $1,000.
Company Background:
Limit Markets is a financial service provider headquartered in Mauritius, focusing on offering clients a variety of financial products for trading. The entity, Limit Markets Limited, was incorporated on December 17, 2020, in Mauritius. The registered address is Premier Business Centre, 10th Floor, Sterling Tower, 14 Poudriere Street, Port Louis, Mauritius. The company's website is https://limitmarkets.com/, and the domain name was registered on May 30, 2016.
Regulation Status:
Although Limit Markets claims to be regulated and authorized by the Financial Services Commission of Mauritius (FSC), in reality, the broker is not effectively regulated. Mauritius, being an offshore nation, has no forex controls and is very open to the free movement of capital. The Mauritius FSC does not ensure the setting up of segregated accounts, hence client funds are not necessarily safeguarded. Moreover, Limit Markets is not regulated by any other country. Therefore, investors should be particularly cautious when choosing a trading platform and ensure they select a broker with reliable regulatory oversight to safeguard their funds and ensure trading compliance.
Trading Products:
The broker offers a diversified range of trading products, including forex, commodities, indices, and precious metals. In the forex market, users can trade major, minor, and exotic currency pairs, taking advantage of global currency market opportunities. Commodity trading allows users to speculate on the price movements of various commodities including precious metals, energy, industrial metals, and agricultural products. Additionally, index trading enables users to trade stock indices such as the S&P 500 and FTSE 100, capitalizing on stock market opportunities. Precious metals trading offers opportunities to trade gold, silver, platinum, and other rare metals, catering to investors' demand for rare metals.
Maximum Leverage Ratio:
The broker offers a wide range of trading options for forex, commodities, indices, and precious metals. Regarding leverage, the broker provides a maximum leverage ratio of up to 1:500, enabling investors to take larger trading positions with smaller capital, thereby enhancing investment return potential. This leverage ratio offers clients greater flexibility and opportunities, but it also comes with corresponding risks. Hence, investors should carefully assess and adopt appropriate risk management measures when using leverage.
Account Types:
The broker offers three main types of trading accounts: Classic, Pro, and Elite accounts.
The Classic account is one of the basic account types, with a low minimum deposit requirement of $100. The minimum trade size for this account type is 0.01 lots, and spreads start from 1.1 pips. The maximum leverage ratio for the Classic account is 1:500, allowing investors to flexibly control their trading positions.
The Pro account is an advanced account type with more favorable trading conditions and lower spreads. Although the minimum deposit requirement for the Pro account is $500, investors benefit from competitive conditions with spreads starting from as low as 0.5 pips. The maximum leverage ratio for this account type is also 1:500.
The Elite account is the most advanced account type, designed for seasoned traders. It offers the lowest spreads starting from just 0.1 pips and has a higher minimum deposit requirement of $1,000. The maximum leverage ratio for the Elite account remains at 1:500.
Spreads and Fees:
The broker offers three main types of trading accounts: Classic, Pro, and Elite accounts. For the Classic account, spreads start from 1.1 pips, suitable for beginners and small investors with no additional fees. The Pro account provides more competitive trading conditions with spreads starting from 0.5 pips, also without additional fees. For experienced traders and large investors, the Elite account is the best choice, with spreads starting from 0.1 pips, offering the best trading conditions and no extra fees. These spreads are the starting values under standard conditions, and actual spreads may vary due to market volatility and other factors. Additionally, all account types do not charge extra trading fees, but there may be other charges such as overnight interest or exchange fees, depending on the account type and trading conditions.
Deposit and Withdrawal Methods:
The broker provides a variety of convenient deposit and withdrawal methods to meet the needs and preferences of different investors. Investors can deposit and withdraw via PayPal, wire transfer, Neteller, Skrill, Dragonpay, and Bitcoin, covering traditional bank transfers, electronic payments, and cryptocurrency payments.
Risk Warning:
CFDs are common complex financial products used in derivative trading, often involving leveraged trading. They are typically used to profit from the rising and falling prices of stocks, indices, and other globally available assets. However, trading CFDs and forex carries risks. It is not suitable for everyone, and you may lose significantly more than your initial investment. Before considering trading these financial products, be sure to carefully evaluate your investment goals, level of experience, and risk tolerance.
Conclusion:
Limit Markets is a Mauritius-based forex broker, focused on providing clients with a variety of financial products for trading. Although it claims to be regulated and authorized by the Financial Services Commission of Mauritius (FSC), in reality, the broker is not effectively regulated, which requires investors to be particularly cautious. The broker offers trading conditions with leverage up to 1:500, exceeding the typical range of normal brokers. It is important to note that trading these financial products carries risks and is not suitable for everyone. Investors should carefully assess their risk tolerance.
Currently, Limit Markets is marked as "suspected fraud" on TraderKnows.
