SeaLimited-Overview of Minimum Deposit, Leverage, Spreads

Note: Since SeaLimiteds official site (https://www.sealimited.io/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

SeaLimited is allegedly an unregulated, blacklisted and offshore forex broker registered in Dominica that claims to provide its clients with a wide variety of tradable assets with high spreads of 4 pips on the web-based trading platform.

Market Instruments

Commodities, forex currency pairs, indices, stocks, and cryptocurrencies as available financial instruments at SeaLimited.

Spreads

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 Available

The platform available for trading at SeaLimited is the Webtrader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

SeaLimited says to accept payments via credit cards, wire transfers and the Skrill and Neteller e-wallets. The minimum initial deposit requirement is $250, and the minimum withdrawal amount is said to be only $1. The broker charges a 3.5% service fee, and if the percentage equals less than $30 then the clients will have to pay an additional $30 withdrawal fee. The processing time for withdrawals is usually around 3-4 days.

Bonuses & 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 However, the bonus can only be withdrawn when a turnover of 30 times the bonus is achieved.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 be closed if they are with a zero-free balance.

Customer Support

SeaLimiteds customer support can be reached by telephone: +442031921499, +43720145402, +390399745521, email: support@sealimited.io. Company address: 8 Copthall, Roseau Valley, 00152, Commonwealth of Dominica.

·