What is Limit Markets?
Limit Markets is an online trading platform founded in 2020 and is registered in Mauritius. It offers a variety of market instruments for trading, including Forex, Commodities, Indices, Metals, and Stocks. The platform provides different account types with varying spreads and leverage levels. Customer support is available through various channels, including phone, email, live chat, and social media.
Pros & Cons
Pros:
High Leverage: Limit Markets offers a high maximum leverage of 1:500 that allows traders to control large positions with a relatively small amount of capital, providing the potential for higher returns on investment.
Multiple account types: The platform offers diverse account types, including the Classic Account, Pro Account, and Elite Account, catering to various trading needs and experience levels.
Multiple Customer Support Channels: Limit Markets provides various customer support channels including phone, email, live chat, and social media, enhancing accessibility and assistance for clients.
Cons:
Market Instruments
Limit Markets provides an extensive range of trading instruments and over 130 products, catering to diverse trading preferences and strategies across various asset classes. This broad selection includes opportunities to engage in Forex, Commodities, Indices, Metals, and Stocks trading. Such diversity allows traders to explore multiple markets and potentially capitalize on opportunities in different sectors, enhancing their overall trading portfolio.
Account Types
Classic: The Classic account has a minimum deposit requirement of just $100, making it accessible to a wide range of traders.
Pro: This account sets a minimum deposit requirement of $500, reflecting its suitability for more experienced and advanced traders.
Elite: It carries a higher minimum deposit requirement set at $1000, making it an option for those looking for premium features and services.
Leverage
Limit Markets offers a high maximum leverage of 1:500 for all its account types, including the Classic Account, Pro Account, and Elite Account. This means that traders have the potential to amplify their positions by up to 500 times, allowing for greater flexibility and potential for higher returns on their investments. This high maximum leverage is a key feature across all account types, providing a consistent opportunity for traders to maximize their trading capabilities regardless of their chosen account.
Spreads & Commissions
Limit Markets provides varying spreads for different account types, with the Classic, Pro, and Elite Accounts offering spreads of 1.1 pips, 0.5 pips, and 0.1 pips, respectively. The Classic Account, with a spread starting from 1.1 pips, is suitable for traders who may be more focused on lower minimum deposit requirements, while the Pro Account, with a spread starting from 0.5 pips, could cater to traders seeking a balance between cost efficiency and account features. The Elite Account, with the lowest spread starting from 0.1 pips, is likely designed for more experienced or active traders who prioritize tight spreads and competitive pricing.
Commissions are fees charged to traders by brokers or trading platforms for facilitating buy and sell transactions. Commissions can be a fixed amount or a percentage of the trade's value. Traders pay commissions as compensation for the broker's services in executing and settling trades. Different brokers and trading platforms may have varying commission structures. Limit Markets do not charge any commission fees regardless of which option you choose.
Trading Platforms
Limit Markets offers MetaTrader 5 (MT5) trading platform to clients. With its advanced charting and analytical tools, as well as its capability for automated trading through Expert Advisors (EAs), MT5 provides a comprehensive and user-friendly trading experience. Additionally, the clients can benefit from mobile trading and access to trading signals, facilitating seamless and informed decision-making.
Deposits & Withdrawals
Limit Markets provides a variety of convenient and secure payment options. The platform accepts PayPal, known worldwide for its reliability, making the deposit and withdrawal of funds uncomplicated for traders. They also accommodate Wire Transfer for those who prefer traditional and direct bank transactions. Neteller and Skrill services are integrated as well, addressing the needs of customers who opt for these online payment giants in the trading industry. Additionally, Limit Markets utilizes Dragonpay, acknowledging the significant growth and convenience factor of local digital banking. Lastly, in resonance with the rising digital currency trend, they readily accept Bitcoin, enabling a modern and alternative way of handling finances in trading.
Customer Service
Limit Markets offers a comprehensive range of customer service options to ensure that clients can easily reach out for assistance or inquiries.
Phone Number: +230 245 6703
Email: info@limitmarkets.com
Address Line: Premier Business Centre, 10th Floor, Sterling Tower, 14, Poudriere Street, Port-Louis, Mauritius.
Contact form (24/7 support): It is available to you 24 hours a day, 7 days a week, ensuring you have access to the support you need at any time.
Social Media: Clients can connect with Limit Markets through various social media channels, including Facebook, Instagram, and Twitter. These platforms can be used for inquiries, support, or to stay updated on company news and announcements.
Conclusion
Limit Markets offers a wide range of trading instruments and account types with competitive spreads, which can be appealing to traders. Therefore, traders can consider this broker when choose forex brokers based on its overall performance.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.