Table of Contents
THENY Limited is an offshore broker that poses significant risks to investors due to its lack of regulatory oversight, high deposit requirements, and dubious operational practices.
Despite claiming to be based in New York and offering a range of trading services, THENY Limited is not registered with any credible financial authorities, such as the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC).
The Financial Conduct Authority (FCA) in the UK has issued a warning against them, further highlighting the dangers of engaging with this broker.
This review covers the main issues and advises investors to avoid THENY Limited.
Overview
| 🌐 Site URL | thenylimited.com |
| 📍 Address | 11 Wall St, New York, NY 10005, USA |
| 📞 Phone | +13163003500 |
| support@thenylimited.com | |
| 🏦 Company | THENY LIMITED |
Key Details
- Tradable Assets: THENY Limited claims to offer trading in currencies, stocks, indices, cryptocurrencies, and commodities.
- Minimum Deposit: Starts at $100, with higher tiers requiring up to $30,001.
- Trading Platform: Lacks advanced tools, auto trading, and custom indicators.
- Payment Methods: Exclusively accepts cryptocurrency, including Bitcoin.
- Warning from FCA: The Financial Conduct Authority (FCA) has issued a warning against THENY Limited due to its unauthorized and illegal activities.
Is THENY Limited Regulated? Do They Have a License?
THENY Limited is not regulated and does not hold any legitimate licenses. It falsely claims registration in the U.S. financial market but lacks affiliations with key regulatory bodies such as the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).
Additionally, the Financial Conduct Authority (FCA) in the UK has issued a warning against THENY Limited, highlighting its unauthorized and illegal activities.
This lack of regulation and oversight significantly increases the risk for potential traders.
What Does THENY Limited Offer?
THENY Limited offers a range of trading instruments including forex, stocks, indices, cryptocurrencies, and commodities.
However, the company does not possess authentic trading software, making these offerings dubious at best. The minimum deposit requirements are steep, ranging from $100 for a Starter account to $30,001 for an Enterprise account.
The trading platform lacks essential features like advanced tools, auto trading, and custom indicators, which are critical for effective trading.
The exclusive acceptance of cryptocurrency for transactions adds another layer of risk.
THENY Limited Reviews: What Customers Say
No specific customer reviews were available from major platforms such as Trustpilot, Sitejabber, HelloPeter, or Reviews.io.
This absence of feedback is itself a red flag, as it suggests either a lack of a significant customer base or potential issues being concealed.
Disclaimer: Be aware that fraudulent companies often post fake positive reviews online to boost their reputation and deceive more investors.
It’s important to look at a wide range of reviews and consider the credibility of the sources.
How Online Trading Scams Work
Online trading scams often lure victims with promises of high returns on investments. They attract potential investors through ads, social media, and professional-looking websites, sometimes even using fake celebrity endorsements.
Initially, scammers might show some returns to build trust, but this is often part of their strategy to encourage more investment.
They typically employ tactics such as blocking accounts or ceasing communication once they have received significant funds.
Awareness of these patterns can help avoid falling victim to such schemes.
