Beware! Limbo Finance is an offshore broker! Your investment may be at risk.

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Limbo Finance promises you a successful entry into the world of financial trading, but actually aims to get your finances into limbo. In this review, we will present the clues that this is not a legitimate financial services provider and offer more credible alternatives for investment intermediaries.

Limbo Finance Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Limbo Finance
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

Limbo Finance is a completely anonymous website. Even the text of the Terms and Conditions does not state the name of a legal entity or applicable jurisdiction. That in itself is argument enough not to trust your money to Limbo Finance. But if you have any doubt, it should be dispelled by the fact that the German financial regulator BaFin has blacklisted Limbo Finance.

If you intend to invest in financial instruments, you should beware of the many fake brokers lurking online. Always check carefully whether the broker you choose really has the necessary licences. There are numerous benefits to working with a company that is truly authorised and supervised by a regulatory institution such as the UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in US or Australian Securities and Exchanges Commission (ASIC). Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Limbo Finance Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Limbo Finance platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After registering an account, we get access to a pretty basic web trading platform that doesn’t feature extensive customization options or advanced functionality. We’ve seen the exact same platform being used by multiple fake brokers we’ve encountered. Scammers are using rigged trading software to fool their victims into believing that their money is really being invested and even turning a profit.

While the platform has the basic features for placing orders, customising charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Limbo Finance Trading instruments

CurrencyStocksIndicesCryptoCommodities
Limbo Finance
XMYesYesYesNoYes
FBSYesYesYesYesYes
FXTMYesYesYesYesYes

Limbo Finance claims to offer trading in forex pairs, commodities, stocks and indices. But as previously stated, we have no good reason to believe that this unlicensed website offers real trading.

Limbo Finance Spreads and cost of trading

Limbo FinanceXMFBSFXTM
Spread EURUSD30.611.1
Spread GBPUSD31.31.21.4
Spread USDJPY31.31.21.4

The website promises competitive spreads of 1 pip, but in the trading platform we see a spread of 3 pips. This is a very unfavourable level.

Limbo Finance Maximum leverage

ForexStocksCryptoGoldIndices
Limbo Finance200:1200:1200:1200:1200:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Limbo Finance offers leverage up to 1:200, which is further proof that this is not a regulated forex broker.

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

Another such piece of evidence is the claim that Limbo Finance offers bonuses. Regulated brokers are prohibited from offering bonuses and promotions. Scammers often use promises of supposedly generous bonuses to tie their potential victims to extortionate terms.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Limbo Finance Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Credit cardInstant24 hoursNot specified
Crypto24 hours24 hoursFee depends on crypto

Limbo Finance  allows the deposit of funds via cryptocurrencies and credit cards. Scammers prefer cryptocurrencies because these transactions are not subject to refunds.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer and established e-wallets such as PayPal, Skrill or Neteller

Limbo Finance Minimum deposit

Limbo FinanceXMFBSFXTM
Minimum deposit$250$5$10$5

Limbo Finance requires a minimum deposit of 250 USD. For a significantly lower amount, you could open a trading account with a well-established and trustworthy forex broker.

Limbo Finance Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Limbo FinanceBonus x25Not specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

If the account has received a bonus it can only withdraw funds after it has met the high minimum traded volume requirements of 25 times the deposit amount plus the bonus. This is a typical scam clause designed to block any withdrawal requests.

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