No Limit Markets

No Limit Markets broker is a newly established brokerage that has been operating on MetaTrader 5 since 2024, has a Persian website and Persian support, and according to its own website offers three account types: Standard, ECN and ECN+. In this overview, the Teagle editorial team reviews the legal status, accounts, payment methods and risks of No Limit Markets based on Teagle data.

What kind of broker is No Limit Markets?

No Limit Markets Ltd is registered in Saint Lucia and has a track record of about 2 years. The broker serves Iranians, and Teagle's tags list Expert Advisors, ECN accounts, news trading and hedging as available. The additional services announced are bonuses, cashback, rebates and an economic calendar. However, according to the Teagle expert, the website does not look like that of a reputable professional broker, and there are signs of unreviewed content and the use of ready-made templates. No information about the company's founding history or its managers has been published either.

No Limit Markets licenses and credibility

The short answer to the question "Is No Limit Markets regulated?" is no. None of the pages reviewed list the name of a regulator, a license number or a verification link, and the only number published is the company's registration in Saint Lucia under number 2024-00262. Company registration only means that an administrative body has confirmed that a company with this name exists; a financial license, by contrast, means a regulator has reviewed capital adequacy, required segregation of funds, carries out periodic audits and has defined a channel for complaints. None of these protections exist for No Limit Markets clients. We have explained the difference between these concepts in our guide to broker regulation and the article how to choose a safe broker .

Quality of information on the No Limit Markets website

The Teagle expert says that in this case we don't even need to get into the complex topic of regulation; the main problem is the information itself. Within two sentences, the Standard account page says once that there is no commission and then states a commission of $2.5. The homepage also shows an exchange rate table that is not real data and displays the dollar twice with different figures. These may simply be carelessness, but the result is that there is no reliable basis even for building a neutral specifications table.

No Limit Markets trading accounts

According to the table recorded on Teagle, all three accounts are offered on MetaTrader 5 with floating spreads, leverage up to 1:500 and a 60% margin call:

• Standard account: minimum deposit $100, spread 1.5 pips, commission $5 per lot ($2.5 per side) and 20% stop-out.
• ECN account: minimum deposit $200, spread 0.4 pips, commission $5 per lot and 30% stop-out.
• ECN+ account: minimum deposit $10,000, spread 0.2 pips and 30% stop-out.

The ECN+ account commission is not consistent across different parts of the data, so we don't give a figure for it. An Islamic account is listed as "not available" in the accounts table. Maximum leverage is listed as 1:200 in Teagle's general specifications, which differs from the accounts table; these inconsistencies are another reason to ask support for the conditions in writing before opening an account. If you plan to use a commission-based account, read the article ECN accounts in forex and the guide spread in forex trading .

No Limit Markets trading platforms

No Limit Markets offers only MetaTrader 5, in Windows, Mac and web versions; MetaTrader 4 is not supported. MetaTrader 5 support is one of the few advantages the Teagle expert listed for this broker.

Deposits and withdrawals at No Limit Markets

The only payment method listed is Tether (USDT) on the TRC20 and BEP20 networks. The minimum deposit and withdrawal for this method is $20, the deposit fee is $5 and the withdrawal fee depends on the network. Deposits are usually instant and withdrawals take 30 minutes to 48 hours. Note that account minimum deposits start at $100. If you are new to Tether, see the article common mistakes when buying Tether .

No Limit Markets score and risk on Teagle

No Limit Markets' final score on Teagle is 2.51 out of 5: Trustpilot 3.2, Teagle expert 2.2 and WikiFX 2.13; no reviews from Teagle users have been submitted yet. The Teagle Eye risk index for this broker is 79 out of 100, in the "high risk" category; the absence of any active license and the short track record are the two main factors behind this figure. No proven evidence of fraud has been found, but there is not enough credibility to warrant trust either. See this broker alongside other high-risk brokers in the Teagle ranking warning list .

Pros and cons of No Limit Markets

• Pro: MetaTrader 5 support on Windows, Mac and web
• Pro: Persian support with responses in Persian
• Con: complete lack of a regulatory license; only company registration in Saint Lucia
• Con: contradictions about commission and incomplete, inaccurate website information
• Con: no information on founding or management, and no MetaTrader 4 support
• Con: only one payment method (Tether) with a deposit fee

Who is No Limit Markets suitable for?

The Teagle editorial team does not recommend No Limit Markets to any group of users, beginner or professional; the complete lack of a license combined with the low quality of published information leaves no basis for a recommendation. If you are looking for a broker with Persian-language services, weigh other options; for example, see it in the No Limit Markets vs Aron Groups comparison .

Conclusion

No Limit Markets is a young, unregulated broker with contradictory information. If you still intend to try it despite these warnings, start only with an amount you can afford to lose, make a test withdrawal before any further deposit, and follow new warnings on the Teagle risk warning page .