MetaTrader 5
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Details
Is No Limit Markets a scam?
Wikilix independent safety report
65%Scam risk
High risk (unverified)Confidence: MEDIUM
2.5/5Safety rating 2.5 out of 5
No Limit Markets is a high-risk, unregulated offshore broker. It holds no financial licence of any kind, it is only about two years old, and at least one client reports profits from months of trading…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation9/10 · CriticalIdentity & transparency5/10 · ModerateWithdrawals & conduct6/10 · HighReputation6/10 · HighWebsite claims6/10 · HighOperational history6/10 · High
Editorial review
Broker Summary
What Wikilix has recorded about No Limit Markets: its history, the licences it holds, its trading conditions and its fees.
Introduction
In the forex trading environment, new brokers are continually being established, offering unique solutions and attractive Forex trading conditions. One of these new brokers is No Limit Markets, which began operations in 2024. While No Limit Markets is new to the market, it is an honest effort to create a new Forex broker that offers trading across a wide selection of trading instruments while utilizing the familiar MetaTrader 5 trading platform.
Although No Limit Markets is identified as a comprehensive trading broker for both retail and institutional clients, it is largely unregulated and unlicensed. This situation raises crucial considerations about the safety and transparency of No Limit Markets. This article covers many of the aspects of No Limit Markets to provide an overall summary to consider when trading.
Background and History
No Limit Markets was established in 2024, making it a very new Forex brokerage. No Limit Markets is based in Saint Lucia, which has a classification of fewer rules and regulations. The company most likely has licenses, but its main office is in Dubai, UAE. The founders of No Limit Markets are not disclosed, which creates some opacity in the corporate profile.
No Limit Markets positions itself as a Forex broker that primarily caters to retail traders, with some services for institutions. The broker boasts advanced trading technology and very competitive terms as key differentiators of its services. With a short history at the time of writing, No Limit Markets lacks a proven track record or strong reputation as a genuine broker in the highly competitive Forex market. Essential Features and Services
Trading Platforms and Account Types
No Limit Markets is a forex brokerage firm that provides its clients with the MetaTrader 5 (MT5) trading platform exclusively. The MT5 platform is recognized as one of the most comprehensive trading platforms, offering advanced charting, automated trading, and an easy-to-use interface. The MT5 trading platform can be downloaded to desktops or used via mobile applications. This gives traders immediate, efficient access to markets.
In terms of account options, No Limit Markets offers the following: Standard, ECN, and Islamic (swap-free) accounts. An easy-to-understand account option selection allows clients to improve their account evaluation based on their trading style.
Trading Instruments
The brokerage firm provides a variety of instruments across currencies, commodities, indices, and cryptocurrencies. This creates opportunities for portfolio diversification and exposure to multiple markets, all from a single trading platform.
Security and Client Safety
Along with educating clients, No Limit Markets employs several security measures, including two-factor authentication (2FA), fund segregation, and a Know Your Customer (KYC) policy. Each of these options could provide some protection for clients' funds and private information; however, without regulatory oversight, security weaknesses will limit their effectiveness.
The brokerage also states that it provides educational resources, but it is unclear what the selection or quality of those resources is.
Regulatory Compliance & Licensing
Along with safety, the regulatory framework is one of the leading factors in evaluating any forex broker. No Limit Markets does not have a valid license from a regulatory financial authority. The broker claims it is registered in Saint Lucia; however, registration does not imply regulatory authority or approval.
In addition, there is no formal oversight by regulatory bodies in Dubai, where its office is based. This absence carries substantial risk for traders, as no external or third-party organization explicitly helps ensure that the broker adheres to standard practices or protects users' interests.
Regulator | License Number | Status |
|---|---|---|
Saint Lucia Financial Authority | — | Not Regulated |
Dubai Financial Services Authority (DFSA) | — | Not Regulated |
Trading Conditions and Platform Technology
Trading Conditions
No Limit Markets offers favorable trading conditions, with spreads as low as 0.2 pips. The account minimum deposit is $100, making it widely accessible to traders at multiple levels. However, the broker fails to provide key details, such as leverage and commissions, which adds to the uncertainty for prospective clients.
Feature | Details |
|---|---|
Spreads | From 0.2 pips (variable by account type and instrument) |
Leverage | Not explicitly stated |
Minimum Deposit | $100 |
Commissions | Not clearly specified; likely included in spreads or account-dependent |
Platform Technology
As for platform technology, MetaTrader 5 (MT5) is an exclusive offering from No Limit Markets. MT5 provides advanced charting tools, supports automated trading strategies, and enables multi-asset trading. The platform can be accessed via both desktop and mobile applications, offering greater flexibility and convenience when trading.
There is additional platform technology, such as two-factor authentication (2FA), to secure the client's log-in, as well as numerous asset classes, including Forex, commodities, indices, and cryptocurrencies.
Platform Feature | Description |
|---|---|
Platform | MetaTrader 5 (MT5) desktop and mobile |
Charting Tools | Advanced, multi-timeframe, customizable |
Automated Trading | Supported via Expert Advisors (EAs) |
Security | Two-factor authentication (2FA) |
Asset Classes | Forex, commodities, indices, cryptocurrencies |
Fees
When looking for a broker, fees are often the biggest concern for traders. Unfortunately, No Limit Markets has not provided any public information about the fees. Usually, when traders consider brokers, deposit fees are not considered to be applicable. However, No Limits does not confirm that this fee will not apply.
Likewise, for withdrawal fees, inactivity fees, and other possible fees, there are no clear ranges, which makes it challenging to understand total fees when trading with No Limit Markets.
Fee Type | Details |
|---|---|
Deposit Fees | Not specified; typically none but unconfirmed |
Withdrawal Fees | Not publicly disclosed |
Commission | Not clearly specified; likely included in spreads or account-dependent |
Inactivity Fees | No information available |
Other Charges | Not detailed publicly |
User Experience and Reputation
No Limit Markets has a mixed-to-negative reputation among traders and review sites. Many traders question whether the broker can be trusted, especially given its unregulated status. In fact, there are discussions about the possibility that this broker is a scam or fraud, which is a strong warning sign for any client.
On the upside, some traders reported benefits from competitive spreads and multiple account types on the MT5 platform. The unregulated broker and the lack of clear public information on fees and leverage detract from any positive reviews.
When you combine this information, there are warnings to exercise extreme caution or, better yet, to seek a reputable, well-regulated broker before transacting with No Limit Markets.
Recent Developments
No Limit Markets was started in 2024, and there are no recent positive news or regulatory news to report. They are still an unregulated broker, without licenses from known regulatory bodies, and review sites continue to warn of No Limit Markets' poor oversight.
There have been no announcements of expansion beyond what No Limit Markets started, and no reports of new licenses or significant improvements. This means that unregulated brokers struggle to communicate or stand out in the market.
Conclusion
No Limit Markets is a modern forex broker that offers several trading products on MT5. Their competitive spreads and several account types are attractive to retail and institutional traders alike. However, there are no licenses, and significant transparency regarding fees and leverage means potential risk for traders.
Traders considering No Limit Markets should be cautious about the risks and look for a broker with a regulatory license and transparency. Wealth or value in Forex is trust and security, and at this point, No Limit Markets is not positioned to be trusted in either capacity.
Website archive
Website snapshots
8 full-page captures of No Limit Markets's own site, archived so what they said can still be read after the pages change.
8 pages
Regulation check
Regulatory Licenses
We have not confirmed any regulation for No Limit Markets. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for No Limit Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
3 account types on record. Minimum deposit from USD 100. Leverage up to 1:1.
3 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Standard | USD 100 | 1:1 | No commission charges |
| ECN | USD 200 | 1:1 | $2.5 per lot per trade |
| ECN+ECN | USD 10,000 | 1:1 | $1.75 per lot per trade |
Deposits & withdrawals
Funding Methods
3 ways to fund an account.
3 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Bank TransferBank Transfer1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 2 days |
| Visa Credit CardCredit Card1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 2 days |
| E-walletsE-Wallet1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 24 hours |
Broker's notes on these methods
- Withdrawals returned to original payment method; minimum deposit depends on account type. · applies to 3 methods
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Websites
Global Domains
3 domains on record. All active and served over HTTPS.
3 domains
Legal entities
Corporate Network
One legal entity behind the No Limit Markets brand.
1 entity
- LIMIT MARKETS LIMITEDActiveSaint LuciaEstablished Dec 15, 2020
Company registry check
Company Registration
No Limit Markets names No Limit Markets Ltd. as the operating company. We could not confirm that registration on the registry.
Not confirmed on registry
- Legal entity
- No Limit Markets Ltd.
- Registration number
- 2024-00262
- Jurisdiction
- Saint Lucia
- Incorporated
- Jan 1, 2024
- Registry
- Saint Lucia International Business Company (not shown in the public domestic register)
- Registered address
- Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Peer comparison
Brokers worth comparing
3 other brokers on the record share what No Limit Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
No Limit Markets
This recordSaint Lucia · since 2024· No Limit Markets Ltd.Wikilix score 32.0RegulationNo RegulationMax leverageNot recordedPlatforms1LicencesNot recordedGOC Prime
Saint Lucia · since 2025· GOC Prime LimitedWikilix score 32.0RegulationRegulatedFinCENMax leverage1:1000Platforms1Licences1Corex Market
United Arab Emirates · since 2023· Corex financing broker LLC.Wikilix score 32.0RegulationRegulatedFinCENMax leverage1:500Platforms1Licences1PSFX
Anguilla · since 2023· PSFX INTERNATIONAL LLCWikilix score 31.0RegulationRegulatedFinCENMax leverage1:400Platforms1Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about No Limit Markets
Most Popular Questions
You can trade forex (currency pairs), futures, and other OTC-markets via MT5 with No Limit Markets.
Yes, No Limit Markets offers live chat support during business hours. They also provide email support at info@nolimitmarkets.com and support services in English.
Withdrawal times depend on the payment method. Bank transfers typically take 2 to 5 business days, Visa credit card withdrawals take 2 to 7 business days, and e-wallet withdrawals can be processed within 24 hours.
The minimum deposit at No Limit Markets is 100 USD. However, the minimum deposit varies by account type, with Standard accounts requiring 100 USD, ECN accounts 200 USD, and ECN Plus accounts 10,000 USD.
No Limit Markets provides the MetaTrader 5 platform for desktop users. MetaTrader 5 is a multi-asset platform supporting Forex, stocks, and futures trading with advanced analytics and algorithmic tools.
No Limit Markets Ltd. is not regulated. It operates without any listed licenses or regulatory oversight. Users should consider this when evaluating the broker's safety.
Comments
Share your thoughts and experiences with No Limit Markets