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    Forex Limited

    • New Zealand New Zealand
    • 5-10 years
    • Regulated in New Zealand
    • Straight Through Processing(STP)
    • Non MT4/5 Software
    • Suspicious Scope of Business
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    • 6444729236
    • S.Denton@forexltd.co.nz
    • --
    • --
    • Trinity Place Annex Corner Frederick and Shirley Streets, Nassau, Bahamas
    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    Forex Limited

    Phone of the company

    6444729236

    Customer Service Email Address

    S.Denton@forexltd.co.nz

    Company address

    Trinity Place Annex Corner Frederick and Shirley Streets, Nassau, Bahamas

    Pyramid scheme complaint
    Expose

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    WikiFX Risk Alerts 2
    2022.08.14

    The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    The current information shows that this broker does not have a trading software. Please be aware!

    • Account
    Comparison
    • ECN
    • VIP
    • GOLD
    • STANDARD
    • Benchmark --
    • Maximum Leverage 100:1
    • Minimum Deposit $ 10,000
    • Minimum spread 0.17
    • Products --
    • Currency --
    • Benchmark --
    • Maximum Leverage 200:1
    • Minimum Deposit $ 5,000
    • Minimum spread 0.77
    • Products --
    • Currency --
    • Benchmark --
    • Maximum Leverage 200:1
    • Minimum Deposit $ 1,000
    • Minimum spread 1.17
    • Products --
    • Currency --
    • Benchmark --
    • Maximum Leverage 200:1
    • Minimum Deposit $ 100
    • Minimum spread 1.57
    • Products --
    • Currency --
    • Currency --
    • Minimum position 0.01 lot
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission Yes
    • Currency --
    • Minimum position 0.01 lot
    • Depositing Method --
    • Withdrawal Method --
    • Commission No
    • Currency --
    • Minimum position 0.01 lot
    • Depositing Method --
    • Withdrawal Method --
    • Commission No
    • Currency --
    • Minimum position 0.01 lot
    • Depositing Method --
    • Withdrawal Method --
    • Commission No
    Scam

    Should one be removed off if he/she doesn’t add fund?

    Foreword: All kinds of futures trading platforms on the Internet have not obtained the approval of the financial regulatory authorities. They have not established relevant institutions to provide business services in China, and have not filed with the telecommunications department according to law,all of them are illegal exhibitions. Moreover, all types of entities involved in the futures trading platform, including domestic agents, propaganda agencies and investors, are required to bear corresponding legal responsibilities. That is to say, even if it is a legal foreign regulated institution, it is at least illegal to conduct business in China. The futures trading model carried out by Dogan International is a market-making trading, which is different from the futures and stocks, and one party will buy the corresponding party. Dogan International is suspected of providing illegal futures trading platforms to the public, and may even be a party to direct trading. It is considered to be a serious violation of the law, both as an athlete and as a referee. Remind everyone that the current futures virtual currency trading platform, especially some unknown foreign exchange platforms, often pretend to be advanced official website by buying relevant licenses and renting a server. Trading software is also counterfeit, costing a few thousand dollars per month. For traders who have not been exposed to foreign exchange and want to trade are doomed to fall into their pitfalls.In this April,I received a phone call from Dagon’s salesman,which I didn’t notice.They kept calling me and added,advising me to follow them on Wechat rather than follow their operations.At that time,I regarded it as a reference.Actually,I have stepped into their pitfalls.I found that the recommended stock was really on the rise.Since I was still vigilant,I have only deposited 50000 RMB.With teacher’s instruction,I made some profits of 20000 RMB.One day,they suddenly ceased.I asked what happened and they said that the company only allowed them to trade in the internal news shares instead of instructing clients.The benefit of short term was 20%-25% with 3-5 days delivery,but the threshold is 200000 RMB.I joined.At that time,the stock market was volatile,I made a loss of hundreds thousand of yuan.The teacher treated me perfunctorily with grinding reasons.Two days later,that teacher advised us to trade CHINA50, Hu shen 300 and Forex Limited to recover the losses.We were pulled into a live-broadcasting room without knowing that the member were all fraudsters.Then I made a loss of more than 100000 RMB within a week.They kept asking me add fund to earn doubly.I deposited more than 500000 RMB in all,keeping constant losses.I felt something wrong because the withdrawal was unavailable.

    FX4381686212

    2019/11/14 9:07:01

    Hong Kong
    • Marketing Strategy
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    Delivery Index

    Mkt. Analysis

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    Forex Limited

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    Financial Markets Authority

    Financial Markets Authority (FMA)

    The Financial markets Authority (FMA) is a New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets. The FMA also regulates securities exchanges, financial advisers and brokers, auditors, trustees and issuers - including issuers of KiwiSaver and superannuation schemes. It jointly oversees designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ). FMA is a member of New Zealand’s Council of Financial Regulators.

    • Licensed Institution :

      FOREX LIMITED

      Effective Date :

      2014-12-05
    • Email Address of Licensed Institution :

      p.gilligan@forexltd.co.nz

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      Level 9, 86 Victoria Street Wellington Central 6011

      Phone Number of Licensed Institution :

      04 472 9236,021660802
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3

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    Forex Limited

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    Forex Limited
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    Forex Limited · Company summary

      General Information & Regulation

      Based in Auckland, Forex Limited is a foreign exchange and interest rate risk management consultancy and has been helping many companies manage their foreign exchange risk for over 30 years, with its client base covering a wide range of businesses in New Zealand and abroad. Forex Limited holds a New Zealand FSP license (license number: 4041).

      Main Businesses

      Forex Limited's main activities include currency exchange, forward foreign exchange, hedging, limit orders, market reports, expert advice, and fast international transfers.

      Minimum Deposit

      The minimum deposit amount cannot found on the Forex Limited website. Traders may contact this broker's to get detailed information.

      Leverage

      There is not any leverage-related information displayed on Forex Limited offical website.

      Spreads & Commissions

      Still, spreads and commissions information is not fully disclosed on Forex Limited official website.

      Customer Support

      The Forex Limited customer support team can be reached through email, phone. Live chat is not available, leading to traders can not

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.