SeaLimited Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 14:12

Abstract：Registered in Dominica, SeaLimited is allegedly an unregulated and offshore forex broker, providing trading in commodities, forex currency pairs, indices, stocks, and cryptocurrencies with leverage up to 1:400 and spread from 2 pips via the web trading platform. The minimum deposit requirement is as high as 250 USD.

　　Note: SeaLimited's official website - https://www.sealimited.io/ is currently inaccessible normally.

SeaLimited Review Summary
Founded	/
Registered Country/Region	Dominica
Regulation	Not regulated
Market Instruments	Commodities, forex currency pairs, indices, stocks, and cryptocurrencies
Demo Account	✅
Leverage	Up to 1:400
EUR/USD Spread	4 pips
Trading Platform	Web
Min Deposit	$250
Customer Support	Tel: +44 2031921499, +43720145402, +390399745521
	Email: support@sealimited.io
	Address: 8 copthall, Roseau valley, 00152, Commonwealth of Dominica

　　Registered in Dominica, SeaLimited is allegedly an unregulated and offshore forex broker, providing trading in commodities, forex currency pairs, indices, stocks, and cryptocurrencies with leverage up to 1:400 and spread from 2 pips via the web trading platform. The minimum deposit requirement is as high as 250 USD.

Pros and Cons

Pros	Cons
Various trading assets	Not regulated
Multiple account types	Wide spreads
Demo accounts	No MT4 or MT5
	High minimum deposit
	Withdrawal fee charged
	Long withdrawal processing time
	Dormant fee charged

Is SeaLimited Legit?

　　No, SeaLimited operates without any regulation. Even the Italian authorities CONSOB issued a warning against it. Please be aware of the risk!

What Can I Trade on SeaLimited?

Tradable Instruments	Supported
Commodities	✔
Forex currency pairs	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Basic	$250
Bronze	$5,000
Silver	$25,000
Gold	$100,000
Platinum	$250,000

Leverage

　　SeaLimited's leverage is capped at 1:400. The higher the leverage, the more risks and profits will be gained.

Spread

　　As tested on the demo account on the Webtrader at SeaLimited, we read the spread on the EUR/USD pair was as high as 4 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web platform	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　SeaLimited accpets deposit and withdrawal via credit cards, wire transfers, debit cards, Skrill, and Neteller.

　　The minimum withdrawal is €1 with a 3.5% service fee. If the percentage equals less than $30, traders should pay a $30 withdrawal fee.

　　The processing time for withdrawals is around 3-4 days.

Bonuses and Fees

　　SeaLimited claims to offer some bonuses. However, the bonus can only be withdrawn when a turnover of 30 times the bonus is achieved.

　　The broker also charges a dormant fee. In particular, the account that has no transactions (trading/withdrawals/deposits) for a set period of 12 months becomes dormant and will be charged an annual maintenance fee of $30 or the full amount of the free balance in the account if less than $30. The accounts will not be charged but will be closed if they have a zero-free balance.