Abstract:ILimits Group is a financial services provider that offers a wide range of investment options. Established in 2011, ILimits has earned a reputation for delivering high-quality services and achieving commendable results for its clients. To cater to the diverse trading needs of its clients, ILimits offers three types of live accounts: STP, ECN, and Islamic accounts. But it's important to note that as of now, ILimits operates without valid regulation, which means that there is no government or financial authority overseeing their operations.
ILimits Review Summary | |
Founded | 2011 |
Registered Country/Region | New Zealand |
Regulation | Unregulated |
Market Instruments | Forex, metals, stocks, commodities, energies and equity indices |
Demo Account | Available |
Leverage | 1:1000 |
EUR/ USD Spreads | 1 pip (ETP account) |
Trading Platforms | MT4 |
Minimum Deposit | $10 |
Customer Support | Phone, email |
ILimits Group is a financial services provider that offers a wide range of investment options. Established in 2011, ILimits has earned a reputation for delivering high-quality services and achieving commendable results for its clients. To cater to the diverse trading needs of its clients, ILimits offers three types of live accounts: STP, ECN, and Islamic accounts. But it's important to note that as of now, ILimits operates without valid regulation, which means that there is no government or financial authority overseeing their operations.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
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There are many alternative brokers to ILimits depending on the specific needs and preferences of the trader. Some popular options include:
GVD Markets - A platform that stands out as a reputable financial institution, abiding by the regulations set forth by CySEC and FSA.
LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels.
Darwinex - An innovative online brokerage that offers a unique investment platform where traders can turn their trading strategies into investable assets.
ILimits currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.
If you are considering investing with ILimits, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
ILimits offers a diverse range of trading instruments across various asset classes.
Forex: ILimits provides access to a comprehensive selection of major, minor, and exotic currency pairs. Forex trading allows investors to speculate on the fluctuations in exchange rates.
Metals: Investors can trade precious metals like gold, silver, platinum, and palladium on ILimits. These metals are often considered safe-haven assets and can act as a hedge against inflation or economic uncertainty.
Stocks: ILimits allows trading of stocks from global markets. Investors can access a wide range of companies listed on major exchanges and take positions based on their expectations of price movements.
Commodities: ILimits offers trading opportunities in a range of commodities such as crude oil, natural gas, agricultural products (wheat, corn, soybeans), and more. Commodity trading can be influenced by various factors like supply and demand dynamics and geopolitical events.
Energies: Trading energy products, including oil and gas, is possible on ILimits. These instruments are closely linked to global economic activity and can be influenced by geopolitical tensions and supply-demand dynamics.
Equity Indices: ILimits provides access to trading popular equity indices, such as the S&P 500, Dow Jones Industrial Average, and FTSE 100. Investors can take positions on the overall performance of a specific index rather than individual stocks.
ILimits provides three types of live accounts to cater to the diverse trading needs of its clients: STP, ECN, and Islamic accounts.
STP Account:
The STP (Straight Through Processing) account offered by ILimits is designed for traders seeking transparency and fast order execution. With this account, trades are processed directly through liquidity providers, ensuring efficient and unbiased trade execution. The minimum deposit requirement for an STP account is $10.
ECN Account:
The ECN (Electronic Communication Network) account type offered by ILimits is suited for traders looking for direct access to the interbank market. As an ECN account holder, trades are executed directly with liquidity providers, resulting in potentially tighter spreads and faster execution speeds. The minimum deposit requirement for an ECN account is also $10.
Islamic Account:
ILimits understands the unique requirements of traders adhering to Islamic principles and offers Islamic accounts. These accounts are swap-free and comply with Sharia law, ensuring interest-free trading. The minimum deposit requirement for an Islamic account is $10.
ILimits also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.
ILimits provides its clients with a maximum leverage of 1:1000. Leverage is a powerful tool in trading that allows traders to control a larger position in the market with a smaller amount of capital. With a leverage ratio of 1:1000, traders can potentially amplify their profits if the market moves in their favor.
However, it is essential to understand that while high leverage offers the potential for increased returns, it also comes with higher risks. The higher the leverage, the greater the exposure to market fluctuations, and potential losses can be magnified just as much as profits.
Account Type | Spreads (Starting from) | Commissions |
STP | 1 pip | None |
ECN | 0.1 pip | |
Islamic | 1 pip |
ILimits provides its clients with the widely recognized and popular trading platform, MetaTrader 4 (MT4). It is a robust and user-friendly platform that offers traders a comprehensive range of features and tools to execute trades efficiently.
MT4 has a clean and intuitive interface that allows traders to navigate easily and access important information quickly. The platform's layout is customizable, allowing traders to arrange and prioritize various tools, charts, and windows according to their preferences.
Along with the desktop version, ILimits' MT4 platform offers a mobile application for iOS and Android devices. This enables traders to access their accounts, monitor positions, and execute trades on the go. The mobile app provides full functionality, allowing traders to stay connected to the markets at all times.
ILimits provides its clients with convenient options for depositing and withdrawing funds from their trading accounts.
Deposit:
To deposit funds into your ILimits account, you can access the 'Deposit' section within your account. ILimits supports two primary methods for depositing funds: telegraphic transfer and Neteller. You can initiate a deposit through the app or via PaySec in the 'Deposit' section on the ILimits website.
Withdrawal:
To withdraw funds from your ILimits account, you can access the 'Withdraw' section of the mobile app.
Minimum Deposit and Withdrawal Amounts:
The minimum deposit amount at ILimits is specified in USD. As for the minimum withdrawal amount, it also stands at the same amount in USD.
Withdrawal Fees:
ILimits supports multiple withdrawal methods, and the fees associated with each payment channel are borne by the client. However, it's important to note that ILimits itself does not charge any withdrawal fees.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +64 9 801 0449 (Monday-Friday from 8 am to 5 pm)
Email: info@ilimits.com
Address: Level 12, Huawei Centre, 120 Albert Street, Auckland, 1010, NZ
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, YouTube and Linkedin.
Whats more, ILimits provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, ILimits aims to provide transparency and clarity to their clients, helping them make informed decision.
In conclusion, ILimits is a financial services provider that offers a diverse range of investment options such as currencies, commodities, derivatives, stock indices, CFDs, and cryptocurrencies. With its user-friendly interface and advanced charting tools, ILimits's trading platform, MT4, caters to the needs of both beginner and advanced traders.
However, it is important to note that as of now, ILimits does not possess valid regulation. The absence of government or financial authority oversight of their operations introduces potential risks for investors.
Q 1: | Is ILimits regulated? |
A 1: | No. It has been verified that this broker currently has no valid regulation. |
Q 2: | How can I contact the customer support team at ILimits? |
A 2: | You can contact via phone, +64 9 801 0449 and email, info@ilimits.com. |
Q 3: | Does ILimits offer demo accounts? |
A 3: | Yes. |
Q 4: | Does ILimits offer the industry leading MT4 & MT5? |
A 4: | Yes. It offers MT4. |
Q 5: | What is the minimum deposit for ILimits? |
A 5: | The minimum initial deposit to open an account is $10. |
Q 6: | Is ILimits a good broker for beginners? |
A 6: | No. It is not a good choice for beginners because of its unregulated condition. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.