WikiFX

Sagot

From my own investigation into Forex Limited, I found that the minimum deposit required to open a live trading account is $100. This is reflected in the account option with the lowest entry threshold. However, in my experience, simply looking at a broker’s minimum deposit isn’t enough to determine its accessibility or safety for new traders. What stood out to me was the limited transparency on their official site regarding account details, combined with a number of serious user reports about withdrawal delays and unexpected extra charges. While $100 as an initial deposit is relatively low and would generally appeal to someone testing the waters, I personally am cautious about engaging with a broker unless all client funds, withdrawal terms, and overall risk levels are extremely clear and there is consistent positive feedback from other verifiable clients. Despite Forex Limited being regulated by New Zealand’s FMA, a pattern of customer complaints involving withdrawal issues and additional fees raises red flags for me as a responsible trader. Therefore, while the minimum deposit is $100, I strongly recommend conducting further due diligence and considering not only the initial cost, but also the overall reputation and risks linked with this broker before proceeding.