WikiFX

Reply

In my years of trading and evaluating brokers, I’ve learned to look beyond just regulatory status to judge a broker’s true reliability. Forex Limited is regulated in New Zealand by the FMA and has operated for over a decade, which on the surface might seem reassuring. However, as I dug deeper, I grew increasingly wary. The most pressing red flags for me are the considerable number of user reports about withdrawal difficulties and unexpected extra fees, like surprise “personal tax” charges before allowing withdrawals. Such practices undermine trust and are not standard in reputable brokerage operations. Additionally, I find the lack of transparency on their website troubling. Key trading information—like deposit methods, withdrawal processes, or product details—is missing or extremely limited. For a broker claiming experienced operation, this absence is concerning, because transparency is crucial for traders’ confidence and informed decision-making. Even though Forex Limited is officially licensed, the numerous negative user exposures about scams, blocked accounts, and unresolved funds cannot be ignored. For me, the combination of questionable business practices and insufficient communication outweighs any regulatory reassurance. Personally, I would not feel safe entrusting my capital to Forex Limited, regardless of their FMA regulation. There are too many credible reports of compromised user experience and high risks. A broker’s legitimacy is not solely defined by regulation; it’s demonstrated by consistent, fair customer treatment and full transparency—qualities I do not see here. Therefore, I cannot recommend Forex Limited as a trustworthy or secure option for trading.