LimexPro

Investigating LimexPro: A Comprehensive Review

From our LimexPro review, you will learn more about this platform, which is highly suspicious in terms of honest dealings with clients. This pseudo-broker exhibits scam-like behavior in almost every aspect. We explain further why you shouldn’t believe a single word published on this company’s official website.

Key Takeaways

• The company claims to operate under regulatory supervision but lacks official registration and licenses.
• Nothing is known about the origin of the trading terminal, which does not even allow for full-fledged trading and transaction control.
• There is not a single document on the website or in the personal account defining the relationship between the broker and the client. Consequently, it is unclear on what basis services are provided and monetary operations are conducted.

Is LimexPro Trustworthy?

Any attempts to find out where the company is located and registered are doomed to fail. Its owners decided that traders do not need this information. Therefore, no address is provided on either the main page or the contacts section. There was hope to find some information in the official documents, such as the Terms of Use or Privacy Policy (which are only mentioned on the broker’s website on the registration form). However, this hope quickly faded as clicking on both links resulted in an error message indicating that the files are missing.

Thus, there is no doubt that the “International online broker” (as LimexPro modestly describes itself on the About page) operates without official registration in any jurisdiction. The claim that the platform operates under regulatory supervision seems utterly ridiculous. Moreover, the link to the regulator on the main page leads to… you guessed it, a non-existent page (Page 404).

Therefore, the LimexPro broker has neither an official registration nor a license. It exists only on the internet, providing services exclusively online. Undoubtedly, all its activities are illegal, and we can only wonder why some people still entrust their money to it.

And such people do exist, otherwise, such a primitive platform would not have lasted so long. According to whois data, the domain limexpro.com, used by the broker, was registered in September 2022.

However, web archive snapshots show that activity on it began only in October 2023. Nevertheless, eight months of operation is already quite a lot for such an obvious scam. It seems the employees possess remarkable persuasion skills, as they have managed to convince more than one trader to open and fund accounts here.

In addition to the issues mentioned above, there are many other examples of the broker’s unscrupulous behavior regarding information provision and customer service. For instance:

• The header on the main page features a running quote line provided by TradingView free of charge to anyone interested. However, next to it, there’s a proud caption, “Ticker Tape by Limex Pro.” The link redirects users to the official TradingView website, and the “specialists” at the broker couldn’t even handle the real developer’s logo.
• The footer menu with links to available markets differs from the main menu on the Home Page (although an attempt was made to replicate it). Particularly remarkable in the bottom version are two Commodities sections, one of which opens a page describing crypto assets.

It is evident that the official website was created hastily, is not checked, and is left “as is.” It seems the scammers do not rely on its role in attracting clients, only marking their presence on the web.

Exploring Fees and Charges

The broker LimexPro does not even mention non-trading operations, transaction fees, or monetary transactions. The company’s terminal did not help clarify trading commissions either. Fortunately, there is at least some information about monetary operations in the personal account. But even here, we see many interesting points:

• They offer to fund the account via cryptocurrency or bank transfer. However, the details for a wire transfer are provided without following any rules: there are no BIC, SWIFT code, or other important details.
• An attempted transfer (especially without specifying the currency of the transaction) is likely not to reach its destination. Of course, a company manager will contact you to clarify the details and provide the correct details.
• Cryptocurrency transactions are also problematic. QR codes do not display on the page, and the wallet number in text form is only available for sending Bitcoin (N/A for Ethereum).
• Transaction fees are not specified. Presumably, they should be calculated and shown by the sending network. In short, there is no transparency or security in deposits.

The same situation applies to withdrawals. The same payment methods are available (bank wire, Bitcoin). There is even a field for the amount of fees, but its content does not change with changes in the payment method or the amount.

But while company representatives will certainly help with account replenishment, you cannot count on similar assistance when submitting a withdrawal request. According to reviews, LimexPro clients say that support has not answered a single question. This is expected, especially considering that the project’s owners do not intend to return money to traders.

How User-Friendly Is the Trading Platform?

LimexPro does not mention its trading platform on the website either. This is the right decision from the broker’s perspective, as allowing clients to get familiar with this program before funding the account is out of the question. Otherwise, the client simply would not send their money to the company.

To understand why we are so categorical, you need to take a look at this masterpiece of creativity. You will immediately get a complete picture of whether it is possible to make any profit on this platform.

At first glance, everything may seem fine. The terminal is based on a price chart widget from TradingView, and the order placement interface on the right looks quite convenient.

But upon closer inspection:

1. There is no multi-chart mode, which, according to the company “specialists,” is evidently too luxurious.
2. You can only select assets from an enormous list of a whopping six instruments to display on the chart.
3. The order placement interface is not linked to the charts in any way.
4. Only market orders can be used; not a single type of pending order is listed.
5. There is no provision for placing stop orders, etc.

As a result, the trader must manage the trade without chart displays, constantly monitoring profit or loss levels. Meanwhile, there is no guarantee that the quotes transmitted to the terminal are accurate (otherwise, why hide them?).

What Do Clients Say?

Despite a relatively long history (as mentioned, 8 months), reviews about the broker LimexPro have only just begun to surface online. The content of these reviews is far from what the company’s owners would hope for.

The overwhelming majority of authors speak negatively about the platform. Overall, their complaints align with ours. Traders point out that the project’s creators:

• Did not ensure official registration or obtain regulatory licenses, not even offshore ones.
• Failed to provide a quality trading terminal for market participants.
• Did not even publish the minimum documents regulating the company’s relationship with clients, etc.

There are several LimexPro reviews where defrauded traders claim the broker appropriated their money, artificially brought their accounts to zero, or did not process withdrawal requests. They advise against dealing with this pseudo-company.

Final Thoughts: Can You Rely on LimexPro?

The conclusions of our LimexPro review are quite expected: the broker made every effort to convince us that it cannot be trusted and succeeded. A firm without an official registration address and licenses from financial regulators is operating brokerage services illegally and, of course, cannot be considered a good option for trading in financial markets. It did not present any official documents. Its terminal is impossible to work with, let alone make a profit. For the safety of your funds, we recommend avoiding opening accounts here, let alone funding them.

Strengths and Weaknesses