WikiFX

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As an experienced trader, I approach every new broker cautiously, and my review of Forex Limited leads me to be particularly vigilant. While Forex Limited holds regulation with the FMA in New Zealand and has been operating for over a decade, there are persistent concerns that cannot be overlooked. For me, the first major red flag is the high number of negative user experiences related to withdrawals—several clients reported not receiving their funds for months or being required to pay questionable fees, such as a “30% personal tax,” before accessing their profits. This is atypical for reputable brokers and signals a potentially problematic withdrawal process. Additionally, there’s a considerable lack of transparency on their official channels. Essential details such as funding and withdrawal methods, product offerings, or even clear explanations about their trading environment are absent or extremely limited. This lack of clarity makes it difficult for me to judge the broker’s reliability or suitability, especially for those with less experience. There are also repeated allegations from users about fraudulent behavior, which, while anecdotal, are detailed enough to influence my trust. Even though Forex Limited is technically regulated, the combination of high risk warnings, limited information, and consistent negative reports makes me very cautious. In my view, these drawbacks require serious consideration, and I would only proceed, if at all, with a strong degree of skepticism and capital I can genuinely afford to lose.