Soma Limited (somalimited.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 85 Mellor St, Gympie QLD 4570, Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: somalimited.com.
Customer support at Soma Limited (somalimited.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Multiple order types|Regular platform improvements
Cons: Wait times can be long during peak hours|Nothing significant
I closed a profitable position at Soma Limited (somalimited.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Fast execution|Risk management tools|High security standards|Reliable uptime
Cons: Mobile app could be improved|Desktop app not available on Linux
What really bothers me about Soma Limited (somalimited.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through word of mouth in my investment club and I fell for the polished exterior. Never again.
Pros: Fast deposits|Dividend tracking|Easy withdrawals|No hidden fees
Cons: Research section could be deeper
I experienced a security concern with my Soma Limited (somalimited.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Easy to use platform|Reliable uptime|Fast deposits
Cons: Slow to add new assets
Do not use Soma Limited (somalimited.com) for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Responsive team|Excellent charting|Regular platform improvements|Intuitive for beginners
Cons: Minimum deposit could be lower|Research section could be deeper
Do not believe the bonus offer from Soma Limited (somalimited.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a family member had a good experience and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Market news feed|No hidden fees
Cons: Email notifications too frequent
The platform itself is okay, but the customer service at Soma Limited (somalimited.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Multiple order types|Clean UI|Clear documentation|Segregated accounts
Cons: Email notifications too frequent|Currency conversion fee exists