The brokerage company provides access to margin and spot trading. It boasts a large number of trading instruments available, high leverage, and 24/7 support. The firm claims to operate under an official license, but this statement has raised some questions. In this review, we are going to have a closer look at the company’s offerings and its legitimacy. Let’s find out if the London Limited is a scam.
Highlights
| Official Website | https://www.londonfxlimited.com/ |
| Company Name | London Partners LTD |
| License Status | None |
| Account Types | Forex, Forex + Crude Oil, Forex + Goods, Commodities, Crypto, Stock-Market, Stock Indices, Savings |
| Demo Account | None |
| Assets Offered | CFDs |
| Leverage | 1:500 |
| Trading Platform | WebTrader |
| Deposit Methods | Wire Transfer, Crypto, e-wallets |
| Withdrawal Time | Up to 14 days |
| Affiliate Program | None |
Key Trading Features
London Limited provides access to several types of accounts, which vary depending on the number of available features and tools. In general, the account type depends on the range of financial instruments that can be traded, leverage, and additional benefits.
The minimum deposit on this platform is $100, which will give the client limited access to a small group of assets. Advanced trading features and access to a wider range of available instruments are intended for those with a larger deposit. There is no maximum limit on the initial deposit amount.
As for margin trading, leverage reaches 1:500. The broker also advertises that zero spreads are available, while micro-lot trading starts from 0.1, with customized trading plans. On the website, they also promise a copy-trading service for those clients who want to follow the strategies of other investors.
With a higher minimum deposit, various features will be accessible, including exclusive access to news content, access to an expert trial period, and reduced commission rates. The project owners also advertise account insurance, professional investor accreditation, and early access to recent IPOs in cryptocurrency trading. It is unclear how open and legitimate such services are.
Some services, like investment insurance, copy trading, and guaranteed income, are not always available or seem exaggerated because they are only shown in words on the official website. As mentioned, London Limited provides insurance for all users’ accounts. This is an added advantage to cushion users from losses that may result from bad choices of trade.
Overview of Available Trading Instruments
London Limited claims to have access to over 2,500 trading instruments online. However, access to them depends greatly on the type of account one decides to open. Basic accounts don’t have access to much, while higher-tiered accounts offer a wide range of assets to trade with.
With a deposit as low as $100, clients only have the possibility to trade Forex pairs. Access to a wider range of instruments, including cryptocurrencies, commodities, and metals, requires a significantly higher minimum deposit of over $20,000. In addition, the main financial instruments that London Limited operates are CFDs or contracts for difference. CFDs are derivative products that expose various asset classes without ownership, but they are very risky. Such a kind of structure leads to price manipulation by brokers and makes profitable trading difficult.
Trading Platform Analysis
London Limited claims to offer the Webtrader platform, but is scant in detail about how it functions and the level of user-friendliness it achieves. The website doesn’t even provide technical specifications or links to downloadable mobile apps that customers can install.
Moreover, the terminal has a closed registration system, in which you need to contact the support service to open an account and get logins. The standard features are present: asset charts, order books, trade history, and trading menu. However, according to customer reviews, there are issues with liquidity, price slippage, and delays in order execution, which negatively affect trading results.
Additional Services
Additional services from London Limited include educational content and an economic calendar. The platform features a glossary of some key trading terms, arranged in alphabetical order, and a calendar that tracks various key market events relevant to trading. However, the data provider is the website www.myfxbook.com, through which anyone can get a free widget in just a couple of clicks.
There are no bonus structures, referral programs or even any rewards for active trading, and this may put off people who are used to dealing with brokers that reward loyal customers.
Fee Structure
The company does not provide straightforward information about its fees. While the firm advertises 24/7 support and investment insurance, it does not publish specific fees on its website. London Limited reports that there are no fees for depositing funds. Even though this broker promises to keep withdrawal fees low, additional fees from banks and/or payment providers may be added depending on the trading method. This creates inconsistency for clients trying to assess the overall cost of a transaction.
Finally, there is no table of commissions for trades, and this is a minus for the broker in terms of transparency. By the way, how does the company make money if it sets zero spreads and practically commission-free depositing and withdrawing? A mystery, isn’t it?
Legitimacy of London Limited
London Limited claims to be regulated by the Seychelles Financial Services Authority, but this cannot be confirmed as the name does not appear on the regulator’s official website. If there are discrepancies in the underlying data, it raises the suspicion that the broker is less regulated than claimed, which increases great doubts about safety and reliability.
Moreover, the company’s office address also appears fictitious, as it does not have a physical office at the stated address. This may raise concerns among potential investors as it lacks many transparency measures.
Company History
London Limited is considered a relatively new broker as it reportedly started operations in the second half of 2024. Being a relatively new company in this market, it has a shorter track record; this narrows down its reputation and probably increases the risks of trading on this platform.
Conclusion
London Limited positions itself as a classic trading platform with a standard set of services and a number of additional services. At the same time, the complete lack of transparency, the questionable regulatory status of the company and the extremely short period of operation indicate a high level of risk for investors.
Weighing the Pros and Cons
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Added links to digital documents.
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Illegal activity, no regulatory approval.
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Change of domains.
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High leverage.
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Minimal useful information on the website.
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Fake head office address.
Common Questions
How much are the withdrawal fees?
According to this company, they do not charge any fees for withdrawals. However, banks or other financial companies may charge additional fees depending on the specific case.
How do I download the trading app?
London Limited is essentially a Webtrader-only firm; thus, it does not have an official app. This makes mobile trading isn't available.
As a result of “partnership” with London Limited, I lost over two thousand dollars. There’s no point in contacting customer support or trying to access the account.
I do not recommend investing in this obvious scam that is popping up all over the place these days. Read reviews about the platform, especially since the broker has only been operating since the fall of 2024.