ANSWER No, we strongly suggest you avoid FOREX LTD, a forex broker that is not licensed.Although the broker claims to be regulated by several major financial regulators, it fails to provide specific details about its licenses. This lack of transparency is often a red flag for potential scams. Furthermore, none of the regulators mentioned by the broker have any record of FOREX LTD under their regulation.Given its unlicensed status, FOREX LTD are not worth trust. Trading with it may result in fraud and identity theft. To safeguard their interests, investors are advised to steer clear of unlicensed brokers like FOREX LTD and instead choose fully regulated ones.
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