Heard of limbofinance.ltd trading platform? Really want to find more details before choosing the broker? You can carefully read the Limbo Finance reviews to know about this forex broker whether to use or not.
This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About Limbo Finance
Limbo Finance otherwise known as limbofinance.ltd is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Limbo Finance Regulation
First of, Limbo Finance claims its jurisdiction of registration as Poland.
To dig further on this broker, we delved into information from Komisja Nadzoru Finansowego (KNF), the overseeing body for forex and CFD trading in Poland. The findings confirmed that Limbo Finance operates without regulation in Poland.
The situation always gets worsen for unlicensed brokers when some institutions issue a warning against them. Another financial authority the Federal Financial Supervisory Authority (BaFin) has blacklisted the broker for public to see.
It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Limbo Finance Minimum Deposit
Limbo Finance minimum deposit requires $250 based on the account type. For that, some licensed FX brokers can offer clients trading rate as low as $100 with the assurance of their trading funds.
As for payment methods, Limbo Finance accepts well-known payment methods credit/debit card and bank transfers.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Limbo Finance Platform
Limbo Finance offers access to a fairly basic web-based trading platform. The broker’s web trader comes with some basic tools and custom indicators but nothing more advanced.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Limbo Finance Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that limbofinance.ltd is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Limbo Finance appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Please share with us your experience in the comment section below. Thank you!
Last Updated on August 17, 2023 by Danny