For more information about Ltd-FX Forex Broker company profile, come to WikiBit!
Business
License
LTD-FX is an online forex and CFD broker that has emerged in the trading landscape, claiming to provide a diverse range of trading services. However, the specifics regarding its founding date are ambiguous, with reports indicating it has been operational for only a short period, likely between 1 to 5 years.
Information regarding the parent company or ownership structure of LTD-FX is scarce. The broker operates under the name LTD-FX but lacks transparency about its ownership, which is a common red flag in the brokerage industry.
LTD-FX claims to be headquartered in the United Kingdom and Canada. However, the legitimacy of these claims is questionable, as it has not been registered with the relevant regulatory bodies in these jurisdictions.
LTD-FX markets itself as a global trading platform, offering services to traders in various regions. However, due to its unregulated status, the actual scope of its operations may be limited.
LTD-FX is not regulated by any recognized financial authority. Claims of registration in the UK and Canada are unverified, and the broker has been blacklisted by several regulatory agencies, including CONSOB (Italy) and CNMV (Spain).
LTD-FX has faced significant scrutiny since its inception. Key milestones include its addition to warning lists by regulatory bodies due to non-compliance with financial regulations, which undermines its credibility.
The broker's expansion appears to be limited, as it has not established a solid reputation or customer base in the competitive forex market. Its marketing tactics suggest attempts to attract clients through attractive offers rather than through a solid business structure.
Reports indicate that LTD-FX has struggled to build a loyal customer base, primarily due to its unregulated status and negative reviews from former clients. The lack of trust and transparency has hindered its growth in this regard.
LTD-FX offers a basic web trading platform and a mobile trading application. However, these platforms are generally considered inferior compared to established trading software like MetaTrader 4 and 5. The development of these platforms has not been well-documented or recognized in the industry.
Claims of awards and recognitions by LTD-FX have been met with skepticism. Investigations have shown that the broker's domain was created in 2022, raising questions about its claims of having been awarded in earlier years.
LTD-FX provides access to a limited number of currency pairs for forex trading. Specific figures regarding the total number of pairs offered are not disclosed, which raises concerns about the broker's transparency.
The broker does not prominently advertise stock trading options, focusing primarily on forex and CFDs. This lack of clarity about stock offerings may deter potential investors looking for a comprehensive trading solution.
LTD-FX offers a range of CFD products, but the specifics about the underlying assets available for trading remain vague. The absence of detailed information about these products is a significant drawback.
LTD-FX claims to provide access to cryptocurrencies and commodities, yet the exact offerings are unclear. The lack of transparency regarding these instruments is concerning for potential traders.
While LTD-FX promotes various account types with different leverage options, the high minimum deposit requirements and associated withdrawal fees overshadow any potential advantages.
LTD-FX is not regulated by any recognized financial authorities. It has faced warnings from regulatory bodies such as the Ontario Securities Commission and CONSOB, indicating that it operates illegally in various jurisdictions.
The legal entity structure of LTD-FX remains unclear, with claims of operation in the UK and Canada not substantiated by any regulatory registrations. This lack of clarity raises questions about its legitimacy.
Due to the unregulated status of LTD-FX, there are no client fund protection measures in place. This lack of protection poses a significant risk to traders, as their funds are not safeguarded by any regulatory framework.
LTD-FX claims to serve clients globally, but the actual reach is limited due to its unregulated status. Many countries have strict regulations that prohibit trading with unlicensed brokers.
LTD-FX has a poor compliance history, having been blacklisted by multiple regulatory agencies for deceptive practices. This history severely undermines its trustworthiness and reliability.
LTD-FX competes with various brokers in the forex market, including:
LTD-FX is positioned as a low-cost broker with high leverage options. However, its lack of regulation and negative reviews place it at a disadvantage compared to its competitors, who offer transparent and regulated services.
The key differentiating factors for LTD-FX include its claimed high leverage options and various account types. However, these claims are overshadowed by the broker's unregulated status and the associated risks.
In conclusion, LTD-FX is an unregulated broker with a questionable reputation, facing numerous warnings from regulatory bodies. Potential traders should exercise extreme caution and consider the risks associated with trading through LTD-FX. It is advisable to choose regulated and reputable brokers that prioritize fund safety and transparency.
For more information on safer trading options, learn more.