WikiFX Review: Please watch out for Ltd-FX!!!

In the face of all kinds of financial frauds, are you still struggling with which dealer is trustworthy？ WikiFX can help you!!! Search on WikiFX before investing to avoid bad reviews of traders.Today WikiFX is going to talk about Ltd-FX and find out if this broker is reliable.

About Ltd-FX

Ltd-FX always set up as a financial derivatives broker which has been providing online forex, commodity，stock indices and related services for retail and institutional customers around the world.

Ltd-FX also claimed to be based in UK and licensed by the country financial institute. To find out if a forex broker is trustworthy, check first that it is registered and authorized with a local financial institution.

As we can see from the figure above that the query result is quite negative –no company named “Ltd-FX” is shown on the Financial Conduct Authority. It clearly proves that Ltd-FX is not authorized but offered financial services and products in the UK. All members of the British public should be careful and stay away from it. Because you are unlikely to get your money back if things go wrong.

In addition, to get a better idea of Ltd-FX, WikiFX also paid a visit to its official website. Ltd-FX tries to convince you that they are a legitimate and trustworthy broker, but the outcome is opposite.

Ltd-FX claims it has an award-winning platform, but that‘s a lie! In reality, the so-called brokerage only provides a poor Webtrader that’s not even close to the industry leaders MetaTrader4 and MetaTrader5. Both have gained a solid reputation for their stability and the sophisticated features they can provide, such as automated trading and analytical tools, many complex indicators, and thousands of third-party-developed apps found in the in-built marketplace. Ltd-FXs‘ Webtrader can provide none of it, and WikiFX considers it dangerous as there are no guarantees that the platform’s servers are secure at all! So, with or without warning, WikiFX would still recommend that customers should stay away solely because of the inferior trading software!

Ltd-FX has the limit on minimum deposit. The so-called “basic account type” requires a minimum deposit of $250 to start the account, with an effective ROI of 30%. This is ridiculous! Only a scammer can guarantee a high rate of return, because it uses an unrealistic ROI to lure clients to invest their money, and in the end, you cannot withdraw the money for any reason.

Ltd-FX set the leverage ratio as high as 1:500 for investors – no legitimate UKbroker would let you do that. Leverage caps in the EU and England ban brokers from offering leverage higher than 1:30 on forex majors to retail traders. This only goes to show once again that Ltd-FX is not a legitimate British broker. Trading with extremely high leverage can be very dangerous and lead to huge losses – which is why you should always be careful with your leverage settings.

Now let's search “Ltd-FX” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX（https://www.wikifx.com/en/dealer/3485215137.html）,Ltd-FX has no valid regulatory license and the score is rather negative - only 0.99/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

In a word, it's not wise to invest Ltd-FX. We recommend avoiding brokerage firms like Ltd-FX and choosing a legitimate brokerage instead. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!