Can you trust a broker that lists its headquarters in Cyprus but does not hold a CySEC license? Probably not the best idea. You’ve landed on this Unlimited FX review because you were looking for information about this company. You’re in luck, as here you will find all the key signs that this is a scam, not an honest and safe firm.
Brief Overview
- 🖥Official Website: https://unlimitedfx.io/
- ✈️Contact Address: 327 Archbishop Makariou, Limassol 3106, Cyprus
- 📞Customer Support: +61272583201, +442038390216, support@unlimitedfx.io
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2023
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:400
- 💰Additional Services: account manager, financial planning
Unlimitedfx.io Examination
The broker’s official website is poorly made. We noticed several typos and errors. For example, in the registration address, it says “Limsassol” instead of “Limassol”. Or on the homepage, under the number “5 million”, it says “online member”, although this figure clearly refers to something else. These seemingly small mistakes reflect the company’s carelessness and lack of attention to detail.
The Unlimited FX website itself doesn’t stand out in any way. It’s a typical brokerage site, similar to many others. Moreover, it’s obvious that a pre-made template was used. It seems the company hastily created the website without even checking for basic typos and errors.
Apart from English, the site only supports Arabic. There’s very little information about the firm and its trading conditions. No mention is made of its operating period or regulatory details. Additionally, the trading conditions are not fully presented. All of this points to serious transparency issues, and such a website deserves a low rating.
Company Contacts
If you want to ask questions or share your opinion about the site with representatives of Unlimited FX, there are two ways to do so:
- Call one of the two phone numbers. And Australian and British numbers are indicated.
- Email.
We checked the broker’s contact information — nothing particularly suspicious was found. The email works, and the phone numbers are used exclusively on the unlimitedfx.io website. However, it’s worth noting the shortcomings in communication with managers — the site lacks an online chat, which makes it difficult to get timely answers. The company also does not have social media accounts, limiting communication options.
Key Conditions
Trading conditions play a key role, as they not only determine whether it is profitable to work with the company but can also indicate potential red flags. For instance, the 1:400 leverage is a clear sign that the broker does not hold a license from a serious regulator. Unlimited FX claims to be registered in Cyprus, where forex dealers are regulated by CySEC, which limits leverage to 1:30. However, we’ll return to the issue of licenses later; for now, let’s focus on the trading conditions.
The minimum deposit is $250. For those who have reviewed offers from numerous brokers, it’s likely noticeable that this threshold often appears with fraudulent and illegal companies. Why $250? What’s so special about this number? That remains a mystery.
It’s also important to point out the absence of crucial information — such as commission and spread amounts. The company claims its fees are “competitive”, but how can that be verified if no specific data is provided? The broker’s website lists “Complete Transparency” as one of its advantages, but it’s hard to agree with that statement. Unlimited FX hides essential trading conditions.
It’s also worth paying attention to the structure of the account plans. Most additional services are only available to clients who can afford a deposit of $10,000 or more. These options include an advanced manager, bonuses, low spreads, trading room analytics, financial planning, risk management, and special offers. Meanwhile, traders with smaller deposits, that is less than $10,000, are offered almost nothing. This is a clear indication that the platform is trying to extract money from its clients by offering privileges only in exchange for significant sums.
Exposing Unlimited FX
Looking at the official website and trading conditions, it’s already difficult to say anything positive about the company. However, it’s also necessary to consider the legal address, licenses, operating period, and other signs of fraud associated with Unlimited FX.
If the company is truly registered in Cyprus, it is required to obtain a license from CySEC and comply with the European Union’s Markets in Financial Instruments Directive (MiFID). However, there is no such broker in the CySEC register. The firm has not obtained a license. As you can see in the screenshot below, there is only one firm under the letter “U” in the register, and it’s not Unlimited FX.
We also checked the legal entity registry and found no organization with this name. Thus, the legal address listed on the unlimitedfx.io website is fictitious. This is why it is so important to verify the information provided by forex brokers, as it often turns out to be fake.
We also carefully examined the user agreement, and the text seemed familiar. The document has clearly been copied by Unlimited FX, as it mentions the offshore jurisdiction of Saint Vincent and the Grenadines. However, even there, this broker does not exist, which is not surprising.
According to the domain registration date, the firm began its operations in August 2023. There is no information on the website about the company’s founding date, so we can consider August 2023 as the starting point. Thus, Unlimited FX has been around for just over a year — this is clearly not enough to consider the company reliable. Firms with less than 10 years of operation are not recommended for consideration.
There’s another interesting point. When attempting to register on the platform, we received a message saying that the email had already been used. This is strange, as we definitely hadn’t registered before. After resetting the password, we received an email with new credentials, but not from Unlimited FX — it was from another company called National Trade Center.
These two companies look very similar. They have identical account types, the same legal documents, and share the same personal account interface. Moreover, the National Trade Center has an extremely negative reputation. It’s possible that both of these CFD brokers were created by the same people.
What Reviews Do Users Leave?
Another strong reason not to trust the company is the complete absence of reviews about Unlimited FX. There are no comments from real customers on the internet, which means it’s not popular among traders. The broker claims to have 34,000 registered users, but if that were true, the number of reviews and mentions in trading communities would be much higher than zero. This gives the impression that the company has no clients at all, despite its bold claims.
Conclusions
We are convinced that the scammers have not only created Unlimited FX but also many similar fake brokerage companies. This broker has no license; instead, it has a fake address and imaginary clients. We have already pointed out enough red flags clearly indicating illegal activities on this platform. Based on this, we strongly advise against opening an account here.
Pros/Cons
- None.
- Fake legal address.
- No reviews online.
- Operating for just over a year — that's not long.
- Illegal activities.
Unfortunately, unlimited fx is a fraudulent company. I learned this the hard way after investing $1,000. Now, I can’t withdraw my money. Three months ago, I submitted a withdrawal request, but it still hasn’t been processed. I’ve tried contacting the managers, but they are not responding to me. I am being completely ignored, and they refuse to return my money. They turned out to be outright scammers. Trusting them was my biggest mistake. Instead of choosing a legitimate company, I picked a fake and fraudulent platform. Fellow traders, don’t invest here. Don’t give your money to anonymous fraudsters.