Limit Markets Forex Broker

Limit Markets Review SummaryFounded2020Registered Country/RegionMauritiusRegulationNot regulatedMarket InstrumentsForex, Indices, Metals, Commodities, StocksDemo Account/LeverageUp to 1:500SpreadFrom 1.1 pips (Classic Account)Trading Platform/Min Deposit$100Customer SupportPhone: +230 245 6703Email: info@limitmarkets.comAddress: Premier Business Centre, 10th Floor, Sterling Tower, 14, Poudriere Street, Port-Louis, MauritiusLimit Markets Information Founded in 2020 and headquartered in Mauritius, Limit Markets provides trading in a variety of asset types, such as stocks, forex, indices, metals, and commodities. It does not, however, have any regulatory control, which could make its services riskier.Pros and ConsPros Cons Wide range of tradable instruments (130+)Not regulatedMultiple account types with low spreadsNo Demo AccountLeverage up to 1:500Limited information about trading platformsIs Limit Markets Legit? Limit Markets is unlicensed and uncontrolled. The broker is registered in Mauritius but not regulated by any financial authority in the region or by the FCA or ASIC. Please note the risk. Limitmarkets.com was registered May 30, 2016. The domain expires May 30, 2025, and was updated April 18, 2024.What Can I Trade on Limit Markets? Limit Markets provides traders with a large selection of more than 130+ products across several asset classes—including 60+ currency pairings, indices, metals, commodities, and US stocks.Tradable Instruments Supported Forex✔Indices✔Metals✔Commodities✔Stocks✔Cryptocurrencies❌ETFs❌Account Types Three kind of live trading accounts are offered by Limit Markets: Classic, Pro, and Elite. For Islamic merchants it also provides Swap-Free choices. There is not, however, reference of a practice trading Demo account.FeatureClassic AccountPro AccountElite AccountMinimum Deposit$100$500$1,000Maximum Leverage1:5001:5001:500CommissionNoneNoneNoneSpread TypeFrom 1.1 pipsFrom 0.5 pipsFrom 0.1 pipsSuitable forBeginners seeking minimal deposit requirementsIntermediate traders aiming for tighter spreadsExperienced traders looking for the best trading conditionsLeverage Limit Markets gives traders leverage of up to 1:500, therefore enabling them to hold bigger positions with less capital outlay. High leverage greatly raises the chance of big losses even while it can boost possible earnings.Limit Markets Fees Limit Markets' fees are in line with industry standards. The type of account and the instruments exchanged affect spread and commissions. Spreads differ across account types: Classic Account: From 1.1 pips. Pro Account: From 0.5 pips. Elite Account: From 0.1 pips. No additional commission for Classic and Elite accounts. Pro Account charges no commission fees as well.Deposit and Withdrawal Limit Markets makes no mention of deposit or withdrawal fees. The type of the account determines the minimum deposit; the Classic Account starts with $100.Deposit MethodMin. DepositFeesProcessing TimeWire Transfer$100Not Mentioned1-3 Business DaysNeteller$100Not MentionedInstantSkrill$100Not MentionedInstantDragonpay$100Not MentionedInstantBitcoin$100Not MentionedVariesWithdrawal Options Min. Withdrawal Fees Processing Time Wire TransferNot MentionedNot Mentioned1-3 Business DaysNetellerNot MentionedNot MentionedInstantSkrillNot MentionedNot MentionedInstantDragonpayNot MentionedNot MentionedInstantBitcoinNot MentionedNot MentionedVaries