Limexx is a Contract for Difference (CFD) broker officially registered on October 21, 2023. The broker primarily offers a variety of trading markets through platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, digital currencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Iran, and North Korea.
Corporate Registration and Regulatory Status:
According to public information on the Limexx official website, its enterprise entity registered in the Seychelles is Raw Trading Ltd, authorized and regulated by the Seychelles Financial Services Authority (FSA) with the license number SD018.
Verification with the Seychelles Financial Services Authority (FSA) website reveals that Raw Trading Ltd is the business entity of broker IC Markets registered in Seychelles, with approved websites being https://www.icmarkets.sc and https://www.icmarkets.com. Therefore, Limexx is identified as a scam website impersonating IC Markets.
Additionally, the website design of this broker is plagiarized from IC Markets, similar to other scam brokers such as Linoxx, ExpertSync, Continentaloptionslive, Venosvista, Fenext, Elon-Mining, etc.
Opening an Account:
To open an account with Limexx: Visit the broker's official homepage and click on “Start Trading Now” or “Start Trading” at the top right corner to enter the account registration page. Fill in personal information such as name, email address, telephone number, and set a login password to submit. After submission, the account will be successfully registered.
Trading Accounts:
Limexx offers three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading platform: cTrader
- Trading commission (per lot): $3.0 (round trip $6.0)
- Spread: From 0.0 pips
- Minimum initial deposit: $200
- Leverage: Up to 1:1000
- Maximum number of open positions per account: 2000 lots
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance restriction: None
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $3.5 (round trip $7.0)
- Spread: From 0.0 pips
- Minimum initial deposit: $200
- Leverage: Up to 1:1000
- Maximum number of open positions per account: 200 lots
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance restriction: None
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $0.0
- Spread: From 0.6 pips
- Minimum initial deposit: $200
- Leverage: Up to 1:1000
- Maximum number of open positions per account: 200 lots
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 61
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading methods: All
- Order distance restriction: None
- Programming language: MQL4
Trading Platforms:
Limexx claims to offer trading platforms such as MT4, MT5, and cTrader to its users; however, it does not provide relevant download links, and the brokerage named Limexx cannot be found on the said platforms.
Deposits and Withdrawals:
Limexx supports deposits and withdrawals through credit/debit cards, electronic wallets, and bank transfers.
Summary:
Traderknows Encyclopedia warns investors that Limexx is actually a scam website that clones the broker IC Markets. Investors are advised to choose brokers who are transparent, strongly regulated, and have a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
