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.
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