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no limit-markets

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ANSWER Dear Investor, No Limit Markets does not appear to be a reliable trading platform, as it does not hold any valid broker licenses to date. The platform has not disclosed any regulatory information on its website, merely claiming to be registered in Saint Lucia and having a physical entity in the UAE. Firstly, although we did find information regarding No Limit Markets Ltd. in the Saint Lucia International Financial Centre (IFC) system, this only indicates that the company has completed an International Business Company (IBC) registration. It does not mean it has obtained any authorization or holds a license. The Saint Lucia IFC does not regulate forex trading, nor does it issue licenses to forex brokers. Secondly, we found no relevant company information in the registries of the UAE's regulatory authorities, including the UAE Capital Market Authority (UAE CMA), Dubai Financial Services Authority (DFSA), and Central Bank of UAE(CBUAE). This demonstrates that No Limit Markets lacks any authorization in its claimed jurisdictions and poses an extremely high risk of being a scam. We strongly advise you to avoid any trading with this platform to prevent potential financial losses.

What is No Limit Markets?

ali yolda

Finland

Nov 13, 2023

ANSWER No Limit Markets is an unlicensed forex broker.Its website lacks details of its operator and licensing data, which is a significant indicator, suggesting that it is a scam. While it provides an address in the UK, our investigation reveals that it is not registered with the Financial Conduct Authority (FCA), making its offerings illegal.Therefore, we strongly suggest investors stay away from No Limit Markets. By trading with this unregulated broker, traders are exposed to fraud and identity theft, without rules in place to safeguard their interests. To mitigate such substantial risks, it is advisable to choose fully regulated brokers instead.

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.