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Limbo Finance

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Operating status: SCAM

Website: https://limbofinance.ltd/

Broker violations and abnormal records
  • 2023-07-30 The Germany's BaFin issues a warning against Limbo Finance

    On July 31, 2023, the Federal Financial Supervisory Authority (BaFin) warns consumers about the company Limbo Finance and the services it is offering. BaFin has information that the company is providing financial and/or investment services on its website limbofinance.ltd without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_07_26_limbofinance_en.html

    On July 31, 2023, the Federal Financial Supervisory Authority (BaFin) warns consumers about the company Limbo Finance and the services it is offering. BaFin has information that the company is providing financial and/or investment services on its website limbofinance.ltd without the required authorisation. https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2023/meldung_2023_07_26_limbofinance_en.html
  • 2023-08-02 BrokersView has reviewed that Limbo Finance is an unregulated broker

    Limbo Finance fails to disclose its regulatory information, a significant scam indicator.

    Additionally, the Federal Financial Supervisory Authority (BaFin) has issued a warning against Limbo Finance, warning consumers about the company and the services it is offering. BaFin has information that the company is providing financial and/or investment services on its website limbofinance.ltd without the required authorisation.

    In essence, Limbo Finance is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Limbo Finance fails to disclose its regulatory information, a significant scam indicator.Additionally, the Federal Financial Supervisory Authority (BaFin) has issued a warning against Limbo Finance, warning consumers about the company and the services it is offering. BaFin has information that the company is providing financial and/or investment services on its website limbofinance.ltd without the required authorisation.In essence, Limbo Finance is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Should I trade with Limbo Finance?

Roman Karpe
Latvia
2023-08-23
ANSWER The fraudulent activites and a warning from the Federal Financial Supervisory Authority (BaFin) throw a red flag to investors. As such, we strongly suggest you do not trade with Limbo Finance.BrokersView has read the information on the website of Limbo Finance, but fails to find any information regarding its regulatory status, a significant scam indicator.Additionally, the BaFin has issued a warning against Limbo Finance, saying it is providing financial and/or investment services on its website limbofinance.ltd without the required authorisation.As such, it is highly risky to deal with Limbo Finance as there are no rules in place to protect investors engaging with this platform from fraud or theft. To mitigate such risks, it is advisable to steer clear of unlicensed brokers like Limbo Finance and opt for a fully regulated one.
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