SeaLimited Forex Broker

Note: SeaLimited's official website - https://www.sealimited.io/ is currently inaccessible normally.SeaLimited Review SummaryFounded/Registered Country/RegionDominicaRegulationNot regulatedMarket InstrumentsCommodities, forex currency pairs, indices, stocks, and cryptocurrenciesDemo Account✅LeverageUp to 1:400EUR/USD Spread4 pipsTrading PlatformWebMin Deposit$250Customer SupportTel: +44 2031921499, +43720145402, +390399745521Email: support@sealimited.ioAddress: 8 copthall, Roseau valley, 00152, Commonwealth of Dominica Registered in Dominica, SeaLimited is allegedly an unregulated and offshore forex broker, providing trading in commodities, forex currency pairs, indices, stocks, and cryptocurrencies with leverage up to 1:400 and spread from 2 pips via the web trading platform. The minimum deposit requirement is as high as 250 USD.Pros and ConsPros Cons Various trading assetsNot regulatedMultiple account typesWide spreadsDemo accountsNo MT4 or MT5High minimum depositWithdrawal fee chargedLong withdrawal processing timeDormant fee chargedIs SeaLimited Legit? No, SeaLimited operates without any regulation. Even the Italian authorities CONSOB issued a warning against it. Please be aware of the risk!What Can I Trade on SeaLimited?Tradable Instruments Supported Commodities✔Forex currency pairs✔Indices ✔Stocks ✔Cryptocurrencies ✔Bonds❌Options ❌ETFs❌Account TypeAccount TypeMin Deposit Basic$250Bronze$5,000Silver$25,000Gold$100,000Platinum$250,000Leverage SeaLimited's leverage is capped at 1:400. The higher the leverage, the more risks and profits will be gained.Spread As tested on the demo account on the Webtrader at SeaLimited, we read the spread on the EUR/USD pair was as high as 4 pips.Trading PlatformTrading PlatformSupported Available Devices Suitable for Web platform✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal SeaLimited accpets deposit and withdrawal via credit cards, wire transfers, debit cards, Skrill, and Neteller. The minimum withdrawal is €1 with a 3.5% service fee. If the percentage equals less than $30, traders should pay a $30 withdrawal fee. The processing time for withdrawals is around 3-4 days.Bonuses and Fees SeaLimited claims to offer some bonuses. However, the bonus can only be withdrawn when a turnover of 30 times the bonus is achieved. The broker also charges a dormant fee. In particular, the account that has no transactions (trading/withdrawals/deposits) for a set period of 12 months becomes dormant and will be charged an annual maintenance fee of $30 or the full amount of the free balance in the account if less than $30. The accounts will not be charged but will be closed if they have a zero-free balance.