Score
New Zealand
|
10-15 years
| http://www.forexltd.co.nz/Article.aspx?ID=441
Website
Rating Index
Influence
D
Influence index NO.1
Philippines 2.50
LicensesLicensed Entity：Forex Limited
License No. 4041
Single Core
1G
40G
1M*ADSL
New Zealand| Forex Limited Review Summary | |
| Founded | 1999 |
| Registered Country/Region | New Zealand |
| Regulation | FMA (Regulated) |
| Services | Treasury Risk Management, Treasury Committee Representation, Outsourced Treasury Manager, Forecasting & analysis, Daily & weekly reports |
| Customer Support | Contact form |
| Tel: 64 (4) 472 923664 (9) 309 5710 | |
| Email: m.mcnatty@forexltd.co.nzS.Denton@forexltd.co.nzP.Gilligan@forexltd.co.nz | |
Forex Limited is a regulated broker, offering trading on Treasury Risk Management, Treasury Committee Representation, Outsourced Treasury Manager, Forecasting & analysis and Daily & weekly reports with leverage up to 1:200 and spread from 1.57 pips on external platforms. The minimum deposit requirement is $100.
| Pros | Cons |
| Regulated well | Limited info on website |
| Diverse services provided | |
| Multiple contact channels |
Yes. Forex Limited is licensed by FMA to offer services.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Financial Markets Authority | Regulated | Forex Limited | Straight Through Processing (STP) | 4041 |
Forex Limited offers services in Treasury Risk Management, Treasury Committee Representation, Outsourced Treasury Manager, Forecasting & analysis and Daily & weekly reports.
| Services | Supported |
| Treasury Risk Management | ✔ |
| Treasury Committee Representation | ✔ |
| Outsourced Treasury Manager | ✔ |
| Forecasting & analysis | ✔ |
| Daily & weekly reports | ✔ |
Drawing from my experience and the information available, evaluating Forex Limited’s overnight financing fees (also known as swap or rollover rates) is challenging due to the broker’s limited transparency. Unlike many reputable brokers that clearly display their overnight charges by account type or instrument, I found scant detail regarding Forex Limited’s specific fee structure. This lack of disclosure is concerning in itself. As a trader, I rely on fully understanding a broker’s costs, especially when my strategies involve holding positions overnight. When details on swaps or any hidden costs are unavailable, it raises red flags and can make effective risk management difficult. Comparing to other established brokers, many of which provide easily accessible, up-to-date swap rate tables and even swap-free account options, Forex Limited falls short. I have personally traded with other providers where overnight fees are made clear both in contract specifications and daily statements. This helps me evaluate the real cost of longer-term positions and plan accordingly. With Forex Limited, I was left guessing. Moreover, reading multiple user reports of withdrawal issues and concerns about opaque practices, I feel an extra layer of vigilance is necessary. For me, a broker’s inability or unwillingness to publish transparent information about overnight financing fees not only makes comparison difficult but also signals potential hidden costs. Until Forex Limited demonstrates the same level of transparency as their leading competitors, I would approach their overnight financing policy with caution and recommend that other traders do the same.
In my direct review of Forex Limited, I have been unable to confirm transparent details regarding their deposit or withdrawal fee structure. As a trader who places a high value on clear and upfront information about all trading costs, I find this opacity concerning. On their website and official documentation, there is a noticeable lack of disclosure about fees associated with funding or withdrawing from accounts. Moreover, several user experiences and exposure cases I examined raised red flags, particularly reports of substantial unexpected fees—such as being required to pay a significant “personal tax” before withdrawals were processed. This aligns with the broader pattern I see among high-risk brokers that operate with limited transparency. I am always wary when funds become difficult to withdraw due to unforeseen costs or administrative barriers. As someone with years in the industry, I view a broker’s unwillingness to clearly articulate their fee policies as a serious risk factor. In my own trading decisions, I would avoid committing any funds to Forex Limited until they provide verifiable and specific clarity regarding all deposit and withdrawal charges. In my experience, full transparency is non-negotiable when it comes to the security of my capital. For those considering Forex Limited, I would recommend extreme caution and insist on written confirmation of all relevant fees before opening or funding any account.
As an experienced forex trader, when evaluating a broker like Forex Limited, my first concern is always transparency and clarity—especially regarding essential trading details like spreads. According to the available information about Forex Limited, for a standard account, the typical minimum spread on EUR/USD appears to start from 1.57 pips. In my view, this level of spread is relatively high, especially compared to many mainstream brokers offering tighter spreads on major pairs. Spreads directly impact trading costs, so a higher-than-average spread means increased expenses for every position I open and close. What makes me particularly cautious is the broker's lack of detailed information on their main website, including variations in spreads under different conditions or market hours. In my experience, limited transparency can sometimes indicate other hidden costs or operational practices that may not be favorable to traders, especially for those who are still learning the nuances of forex trading. For me, knowing the full cost structure ahead of time is crucial for risk management. Given these observations, I would approach trading with Forex Limited carefully, especially considering reports of high spreads and a general scarcity of clear, upfront data.
Based on my close review of Forex Limited’s available information, I have significant reservations when it comes to specialized asset trading like Gold (XAU/USD) and Crude Oil. As someone with years of hands-on forex experience, I know how vital it is to confirm asset availability and transparency before entrusting capital to any broker. When I examined Forex Limited’s services, I found their website and documentation provide very little detail on the specific instruments offered—there’s an absence of clear lists of tradable CFDs, commodities, or metals. For me, this lack of clarity always raises a red flag because reputable brokers will usually highlight their asset offerings clearly. Although Forex Limited is registered and regulated in New Zealand and claims to support a range of trading environments with varying leverage and spreads, I couldn’t verify from their published information which asset classes are definitively available. There’s also a concerning pattern of user exposures, including withdrawal issues and suspicious requests for “taxes” before withdrawal, suggesting deeper operational risks. This kind of environment makes it particularly risky to assume that staples like Gold or Crude Oil are available and properly supported, let alone that execution would be reliable. So in my judgment, unless Forex Limited can furnish explicit written confirmation—preferably with updated documentation or a verifiable product sheet—I would not assume you can trade XAU/USD or Crude Oil with them. When dealing with your own money, especially in a volatile market, it’s better to err on the side of caution. My advice is to choose brokers with fully transparent and published asset lists to ensure you have unquestionable access to the instruments you want to trade.
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不吃香菜的女孩
Malaysia
I thought this was the most profitable way to make money online, but then I found out that I was cheated and lost more than $12,000. The company runs on Telegram and Whats App with no registered address. They provide free signals and seem to be more profitable than any other trading company in the world. These people treated you as if you were their god before you paid their expenses, but after that hey ignored you. They use "SIR" all the time in their conversations. They can pre-collect profit sharing fees from you, and then randomly place transactions in your account. Some transactions have no stop loss. Be careful that their system looks real, but they are scammers.
Exposure
FX5944873722
Malaysia
My withdrawal took more than 2 months.
Exposure
FX5944873722
Malaysia
The man introduced MT5 to me and led me to deposit 5000. At first I gained $1100 and he persuaded me to deposit more. On September 13, I gained $11000 but when I tried to withdraw, the customer service told me to pay 30% personal tax. Otherwise my account would be locked. Beware.
Exposure
FX1046772946
Venezuela
I am very happy to share my opinion about Forex Limited with you. Although I haven't really traded Forexlimited yet, and don't plan to, I still want to say a few words. First of all, the information provided on their website is very little and there is no basic information such as minimum deposit and leverage. The second is that I saw a lot of negative reviews on wikifx, presumably this broker is not worth trading.
Neutral
FX3739673730
Philippines
I also just got scam by this broker steady168, met some guy online said from hongkong, we talked and he introduce me to MT5 and steady 168. I first deposit 5k and on my first trade i made 1100$. I able to with 2 twice, first 500$ then 4500$. Then this guy keep encourage me to deposit more and more money in which i said i cant, he transfer me 2000$ from his account which i got a message from customer services saying i have to deposit 3000$ for risk deposit. I did and on monday sep 13 with this guy instruction again, i made 11k in profit and want to withdraw money out and customer service said now i have to pay personal income tax 30% of the profit. That trigger my suspicion because I never heard a thing as such paying personal income tax before withdrawing. Then i search on google and found this post. Now i cant withdraw any money out. My account will be freeze and deduct 10% if i do not pay the personal income taxes. Now i lost my 11k, feel so shitty to get scam
Exposure
FX4111098624
Sri Lanka
She asked me to pay taxes before I withdraw money. I didn't do as she told. I made money in the account exact the same as the deposit. And she kept saying it was still in the process of inquiring and unable to withdraw. The woman in the picture, from Chongqing, China, lived in Chicago, she said her brother who worked in financial industry had a team. Every time you did as she told, you can make money, but she asked you to withdraw when the profit is higher than the deposit, and you have to pay taxes before that. Do not believe in her! Their data on MT5 platform is fake, their company isForex Limited.
Exposure
FX4381686212
Hong Kong
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.
Exposure