Score
Limestone FX
Australia|5-10 years| https://limestonefx.com/
Website
Rating Index
Contact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Limestone FX also viewed..
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Website
limestonefx.com
Server Location
United States
Website Domain Name
limestonefx.com
Server IP
104.18.49.180
Company Summary
| Limestone FX | Basic Information |
| Company Name | Limestone FX |
| Founded | 2016 |
| Headquarters | Australia| |
| Regulations | Suspected clone |
| Tradable Assets | Forex, CFDs on stocks, indices, commodities, cryptocurrencies |
| Account Types | Standard, ECN |
| Minimum Deposit | $100 (Standard), $500 (ECN) |
| Maximum Leverage | 1:500 (Standard), 1:200 (ECN) |
| Spreads | Variable (Standard), Fixed (ECN) |
| Commission | Not specified |
| Deposit Methods | Credit/Debit Cards, Bank Wire, E-wallets |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Customer Support | 24/5 Live Chat, Email, Phone |
| Education Resources | Trading guides, Webinars |
| Bonus Offerings | None |
Overview of Limestone FX
Limestone FX presents traders with a comprehensive range of trading instruments, allowing them to diversify their portfolios and explore various asset classes. The availability of industry-leading MetaTrader platforms, including MT4 and MT5, enhances the trading experience by providing advanced charting tools and a user-friendly interface.
However, it's crucial to exercise caution due to the questionable regulatory status of Limestone FX, as there are concerns about the legitimacy of the ASIC claims displayed. Additionally, traders should be aware of potential charges for inactivity, which can impact their trading costs. Weighing these pros and cons is essential for traders considering Limestone FX as their trading partner.
Is Limestone FX Legit？
Limestone FX is not regulated by a recognized financial authority. The broker's claim of having Australia ASIC regulation (license numbers: 488340 and 001280932) is under suspicion of being a clone or fraudulent. Traders should exercise extreme caution when considering trading with Limestone FX, as the lack of genuine regulatory oversight can pose significant risks. Unregulated brokers may not adhere to the industry standards and safeguards that regulated brokers are required to follow, potentially jeopardizing the safety and security of traders' funds and their overall trading experience. It is advisable for traders to thoroughly research and verify the regulatory status of a broker before engaging in any trading activities to ensure a safer and more secure trading environment.
Pros and Cons
Limestone FX presents traders with a comprehensive range of trading instruments, allowing them to diversify their portfolios and explore various asset classes. The availability of industry-leading MetaTrader platforms, including MT4 and MT5, enhances the trading experience by providing advanced charting tools and a user-friendly interface. However, it's crucial to exercise caution due to the questionable regulatory status of Limestone FX, as there are concerns about the legitimacy of the ASIC claims displayed. Additionally, traders should be aware of potential charges for inactivity, which can impact their trading costs. Weighing these pros and cons is essential for traders considering Limestone FX as their trading partner.
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Trading Instruments
Limestone FX has curated a broad portfolio of trading instruments catering to diverse trading interests. Their range includes:
1. Forex: A prime offering, Limestone FX provides access to over 60 currency pairs, embracing major, minor, and exotic pairs, offering traders opportunities in global currency markets.
2. CFDs on Stocks: Traders can delve into equities with over 1,000 stocks from key global exchanges, harnessing potential growth and dividends from established companies.
3. CFDs on Indices: Limestone FX allows speculation on the movement of major global indices, such as the S&P 500 and Dow Jones, reflecting broader market sentiments.
4. CFDs on Commodities: This includes popular commodities like oil, gold, and silver, enabling traders to invest based on global economic conditions and supply-demand dynamics.
5. CFDs on Cryptocurrencies: For those looking to venture into the digital currency space, Limestone FX provides access to major cryptocurrencies like Bitcoin and Ethereum.
Here is a comparison table of trading instruments offered by different brokers:
| Product | Limestone FX | IG Group | Just2Trade | Forex.com |
| CFDs | Yes | No | No | Yes |
| Forex | Yes | Yes | No | Yes |
| Indices | Yes | Yes | No | Yes |
| Commodities | Yes | Yes | No | Yes |
| Futures | No | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | No | Yes |
| ETFs | No | Yes | Yes | No |
| Shares | No | Yes | No | No |
| Options | No | Yes | Yes | Yes |
| Spread Betting | No | Yes | No | No |
| Stocks | Yes | No | Yes | Yes |
| ADRs | No | No | Yes | No |
| Bonds | No | No | Yes | No |
Account Types
Limestone FX offers two primary account types, designed to accommodate varying trading needs:
1. Standard Account: Ideal for beginners to intermediate traders, it comes with a minimum deposit threshold of $100 and offers leverage up to 1:500, facilitating entry into the market.
2. ECN Account: Targeted at seasoned traders, this account demands a minimum deposit of $500. In return, it offers a more substantial leverage cap of 1:200, suited for those aiming for higher market exposure.
Leverage
Limestone FX provides leverage options tailored to the account type, aiming to balance potential returns against risks. The Standard account boasts a leverage of up to 1:500, allowing traders to hold larger positions with relatively small capital. The ECN account, meanwhile, offers leverage capped at 1:200, designed for those seeking a blend of higher market access and controlled risk.
Here is a comparison table of maximum leverage offered by different brokers:
| Broker | Limestone FX | IG Group | Just2Trade | Forex.com |
| Maximum Leverage | 1:500 | 1:30 | 1:20 | 1:200 |
Spreads and Commissions (Trading Fees)
Limestone FX employs a dual spread strategy. The Standard account operates with variable spreads that fluctuate based on market conditions, ensuring various rates during high liquidity periods. The ECN account, on the other hand, uses fixed spreads. While commissions are levied on trades, specific rates depend on the account type and trading instrument.
Non-Trading Fees
Apart from trading costs, Limestone FX imposes certain non-trading fees. Notably, accounts inactive for more than three months are charged a $10 monthly inactivity fee.
Deposit & Withdraw Methods
Limestone FX offers a variety of deposit and withdrawal methods to cater to different trader preferences and needs. Traders can choose from the following options:
Credit/Debit Cards: Limestone FX accepts credit and debit card payments, providing a fast and straightforward funding process. This method allows traders to quickly deposit funds into their trading accounts, making it convenient for those who prefer using their cards for transactions.
Bank Wire Transfers: For traders who prefer traditional banking routes, Limestone FX supports bank wire transfers. While this method may take a little longer to process compared to card payments, it offers a reliable and secure way to fund and withdraw from trading accounts.
E-Wallet Options: Limestone FX also offers e-wallet options, providing expedited transactions. E-wallets like Neteller, Skrill, and PayPal are known for their speed and convenience in processing both deposits and withdrawals, making them a popular choice among modern traders.
Trading Platforms
Limestone FX is anchored on the industry-leading MetaTrader platforms:
MetaTrader 4 (MT4): MT4 is renowned for its intuitive interface, comprehensive charting tools, and a wide range of plugins and expert advisors. It remains a favorite among traders worldwide for its user-friendly design and powerful trading capabilities.
MetaTrader 5 (MT5): Building on the success of MT4, MetaTrader 5 (MT5) offers an enhanced trading experience. It provides additional timeframes, more order types, and a broader instrument scope, allowing traders to access a wider range of assets and execute more complex trading strategies. MT5 is suitable for traders who seek advanced features and a broader instrument selection.
Customer Support
Limestone FX offers customer support through various channels to assist traders with their inquiries and concerns. Traders can reach out to the broker's support team by phone at +64 9 889 82683. This contact option provides traders with direct access to customer support representatives, allowing for real-time assistance with account-related questions, technical issues, or general inquiries.
Additionally, Limestone FX can be contacted via email at support@limestonefx.com and inquiry@limestonefx.com. These email addresses serve as convenient communication channels, enabling traders to send detailed messages outlining their concerns or seeking information about the broker's services. Email support can be particularly useful for non-urgent matters or when traders prefer a written record of their correspondence.
Educational Resources
Limestone FX offers a range of educational resources to support traders in their journey towards becoming more knowledgeable and successful in the financial markets. These resources are designed to cater to traders of varying experience levels and learning preferences. Here are some of the educational offerings provided by Limestone FX:
Webinars: Limestone FX conducts regular webinars on a variety of trading topics. These live online sessions serve as valuable opportunities for traders to stay updated with market trends, learn about new trading strategies, and gain insights from experienced traders. Webinars allow participants to interact with experts and ask questions, fostering a collaborative learning environment.
Trading Guides: For both novice and experienced traders, Limestone FX offers comprehensive trading guides. These step-by-step guides cover a wide range of trading concepts and strategies, helping traders develop a solid understanding of the markets. Whether it's the basics of technical analysis or advanced risk management techniques, these guides provide valuable insights to enhance trading skills.
Videos: Limestone FX supplements its educational content with video resources. These videos are particularly beneficial for visual learners who prefer a dynamic and engaging way of grasping complex trading concepts. The video content covers various aspects of trading, making it easier for traders to absorb information and apply it to their trading practices.
Conclusion
Limestone FX offers a comprehensive suite of trading tools, educational resources, and a user-friendly trading experience through its MT4 and MT5 platforms. The broad spectrum of tradable instruments it provides allows traders to diversify their portfolios effectively. However, the looming concerns regarding its regulatory claims and the suspected absence of ASIC regulation mandate traders to conduct thorough due diligence before embarking on a trading journey with Limestone FX.
FAQs
Q: Is Limestone FX a regulated broker？
A: NO, Limestone FX is not regulated. Limestone FX claims ASIC regulation, but there are concerns about the authenticity of this claim, suggesting the broker might be a suspected clone.
Q: What platforms does Limestone FX offer for trading？
A: Limestone FX provides both the MetaTrader 4 and MetaTrader 5 platforms for its users.
Q: What is the minimum deposit requirement for Limestone FX's standard account？
A: The standard account at Limestone FX requires a minimum deposit of $100.
Q: Which trading instruments can I access with Limestone FX？
A: Limestone FX offers a range of instruments, including forex pairs, CFDs on stocks, indices, commodities, and major cryptocurrencies.
Q: Are there any non-trading fees I should be aware of at Limestone FX？
A: Yes, Limestone FX charges a $10 monthly inactivity fee for accounts that remain dormant for over three months.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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FX1663989319
Argentina
A business disaster, after withdrawing $100, the page immediately gives me error 552. This tells me that the page went bankrupt and my money stayed within there. Please help me. Also, the agent Joel does not answer me or give an answer
Exposure
2022-02-23
FX3067269583
Vietnam
Fraud Website
Exposure
2021-05-30
FX1213571767
Thailand
I can't withdraw funds since December 2020. They ensured me that I could withdraw funds in January 2021. But now it was delayed to June.
Exposure
2021-04-12
FX2389730430
Thailand
Unable to withdraw
Exposure
2021-03-10
Thanh Hoa Dinh
Vietnam
Damn money cant be withdraw while we say it wil be made in early january
Exposure
2021-01-06
Thanh Hoa Dinh
Vietnam
I asked for support but they didn't rupport me. Where can I get the address and phone number of the headqarters?
Exposure
2020-11-13
Thanh Hoa Dinh
Vietnam
Fraud platform. They said the payment party was lack of money so the withdrawals were delayed before. But it hasn't been solved yet. The customer service didn't reply to me.
Exposure
2020-11-12