Today we are reviewing a company that promises clients a ground-breaking trading experience. The company promises clients industry-leading tools and features. Additionally, it promises clients an education center to improve their trading skills.
While this may sound appealing, it is not worth your money. The people running this company are some of the shadiest individuals in the market. They are only interested in stealing people’s funds.
They are trying to attract customers by promising features they cannot deliver. Additionally, they are promising clients access to over 1,000 assets. Do not fall for any of this. SeaLimited is not a legitimate company. The founders do not have the go-ahead to provide financial services.
You should only invest in companies that can deliver on what they promise. Only trust companies that have been in the market for a long time. Additionally, ensure that you are investing in companies that have legal documentation. Only such companies can deliver professional brokerage services.
Sealimited.io promises clients the best trading platform in the world. Seeing this, you might expect a MetaTrader 4 or MetaTrader 5 platform. But what we have here is a web-based platform that dwarfs in comparison to the aforementioned. The platform has limited features and capabilities. It does not provide a ground-breaking trading experience at all.
Even worse, this company claims to provide account management services. Additionally, it offers clients training education. However, the company does not introduce us to any of its professional traders. They want us to trust people we do not know.
No professional company would conceal the identities of the account managers. At the very least, they should introduce us to the traders on their team. Additionally, they should present us with the trading results of the traders. You never want to take trading education from armature traders. You will end up losing all your money in the market.
Further, this company promises to offer world-class customer support. For this, the website supports English, German, and Italian languages. Additionally, the company provides a mobile number for United Kingdom, Italy, and Germany.
Nonetheless, this is no guarantee that the company will pick any of your calls after stealing your funds. Many scammers block the numbers of their victims after reaping them off.
Sealimited.io Investment Plans
There are six main account types to choose from on Sealimited.io. These include the Basic, Bronze, Silver, Gold, Platinum, and Black accounts. All these accounts come with a welcome bonus. This shows the desperation of the company to attract customers. The founders want to reap off as many people as they can.
Moreover, these accounts have some of the worst trading conditions in the market. For starters, the spreads go all the way up to 4 pips. That is at least double what you will find in legitimate companies. In Sealimited.io, you will be paying more money to these scammers.
Additionally, the leverage levels are risky. The maximum leverage here is 1:400. This is a dangerous level for retail traders. Such high leverage levels make trading no different from gambling. This is why the UK caps leverages at 1:30 for retail traders.
Sealimited.io Regulation Status
The regulation status of this company is a whole another mess. To put it simply, this company does not have the regulatory license to provide financial services. If you invest here, you will be putting yourself at risk.
First of all, the company is using two different names to circumvent legal requirements. On the address details, the company calls itself Core Pay Solutions. The address they provide is in the Commonwealth of Dominica. This jurisdiction does not have a forex regulator to keep brokers in check. This is why it is a hub for fraudulent operations. So that is out of the window. Additionally, the FCA does not recognize this company as a legal operation.
It is safe to conclude that this company does not have regulations. Such a company is illegal in many jurisdictions. As such, they are not permitted to provide financial services. Eventually, the law will catch up with them and shut them down. The people who suffer the most from this are the clients of such a company. Run while you still can.
The People Behind Sealimited.io
It is very common for scammers to conceal their names and faces. They never introduce themselves on the website they operate. They do this because they never want anyone to associate them with the fraudulent company.
Unsurprisingly, this is what we have here. We looked all over the website and did not find any information on the founders. Additionally, there is no social media presence for any of the founders. These people are operating under full anonymity.
There are too many risks involved in sending your money to mysterious people on the internet. That is always the beginning of a disaster story. Such people can easily disappear with your money, and you will never hear from them again. At this point, you will have no one to turn to. After all, you will have no idea who to report to the authorities.
Are Your Funds Safe With Sealimited.io?
We do not believe that Sealimited.io can offer you funds’ safety. The company’s setup is not ideal for protecting your funds. For starters, this is an unregulated company. We do not know whether it meets legal requirements for forex brokers.
There is no mention of the use of segregated accounts in Tier-1 banks. This means that your money may not be safe from the company’s nor the bank’s financial status. There is no assurance of liquidity. As such, we cannot trust this company to protect anyone’s funds.
Moreover, investing here would be placing your money in the hands of strangers. Such companies cannot promise to protect your funds. Only fully transparent companies can make that promise and keep it.
It is very crucial to listen to the customers of a company. This will give you some insight into what to expect from the platform. Luckily, we have several customer reviews from third-party platforms to rely on.
On TrustPilot, this company has a very poor rating. The same is true on Scamadviser. It only managed 2.4 stars out of 5 on Trustpilot and 1.8 stars on Scamadviser. 83% of the reviews are bad while 17% are poor. Most of the customers are complaining that the company does not allow them to withdraw their funds.
Even worse, one individual claimed that the company tried to get him to share his screen. This is a prime way that scammers use to steal people’s personal information, including banking information. This is how far this company is willing to go to steal people’s hard-earned money. Listen to the people who have already lost to these scammers. Run while you still can.
The Bottom Line
It is clear that this is a scam company. Sealimited.io is not offering legitimate services. The company does not have legal documentation to provide financial services. Additionally, the founders are completely anonymous.
The final nail on the coffin is the testimonies of customers. Too many people are complaining about having lost their money to Sealimited.io. That is enough proof that nothing good can come out of this terrible operation. Save yourself some trouble and invest elsewhere.
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