FXALimited is a CFD broker with a domain name registered on November 9, 2023. The broker mainly provides investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities to investors but does not offer services to countries and regions where such activities may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on FXALimited's official website (fxalimitd.vip), the broker was founded in 2016, claiming that its corporate entity is ASN and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose detailed registration information or specific regulatory details.
Upon verification, ASIC did not find any regulated company named "ASN."
Therefore, FXALimited (fxalimitd.vip) is essentially an unregulated scam broker website.
Account Opening
When visiting FXALimited's official website and clicking on the "Open Account" or "SIGN UP" at the top right corner of the homepage, the page that appears is blank, preventing normal account registration.
Trading Instruments
FXALimited offers its clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can discover diverse trading opportunities and use high leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in the global market, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to participate in the price fluctuations of public companies, earning from price changes and dividends based on company performance without holding the actual stock.
- Cryptocurrencies: Cryptocurrency trading provides digital currency enthusiasts with the opportunity to profit from highly volatile assets.
Trading Accounts
FXALimited's official website does not disclose information about account types, spreads, trading leverage, margin levels, commissions, minimum/maximum trading volume, maximum position/order volume, or minimum price increments. The absence of these key trading parameters might result in unassessable risks and non-transparent costs.
Trading Platform
FXALimited claims to offer a self-developed trading platform with an average order execution speed of less than 7.12 milliseconds, featuring extensive liquidity providers and executing over 12,000 orders per second. However, upon clicking the download link provided, it redirects to the MT4 trading platform, but no information about this broker can be found on MT4.
Deposits and Withdrawals
FXALimited does not support deposits and withdrawals via credit/debit card or bank wire transfer, only allowing transactions through cryptocurrencies.
Conclusion
Traderknows reminds investors that FXALimited is actually a scam broker website with no corporate entity and no regulation. Additionally, the website cannot facilitate proper account registration. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
