TL;DR: the short answer
ASIC issued a suspicious website alert for limestonefx.com in May 2021, saying it falsely claims association with Limestone FX Pty Ltd and that investors report being unable to withdraw.
Scambaba rates limestonefx.com critical risk with a risk score of 9.5/10, last verified 2026-10-24.
Key facts
| Risk score | 9.5 / 10 (Critical Risk) |
|---|---|
| Status | ASIC suspicious website alert, May 2021 |
| Category | Clone Firm |
| Primary scam vector | Suspicious website falsely claiming association with a real Australian firm |
| Reported domains |
|
| First listed | 2026-10-24 |
| Last verified | 2026-10-24 |
Red flags reported for limestonefx.com
- Website claims association with a genuine firm that denies any connection
- No Australian financial services licence or authorisation
- Operators appear to be located outside Australia
- Investors report being unable to withdraw funds
- Use of a real company's name to appear credible
Detailed threat analysis
What the regulator says
On 11 May 2021 ASIC published a suspicious website alert for limestonefx.com. ASIC says the site falsely claims it is associated with Limestone FX Pty Ltd, described by ASIC as an authorised representative of Baileyhenry Capital Group Pty Limited, and that both have told ASIC they have no connection to the website. ASIC says it has received reports, mostly from people who invested through the site, who now cannot withdraw their investments. ASIC says the operators do not hold an Australian financial services licence or authorisation and appear to be located outside Australia. ASIC warns consumers against dealing with the site and says it cannot assist in recovering funds, advising affected investors to contact their financial institution about tracing payments.
How this type of scam usually works
Clone-firm scams typically copy the name and details of a genuine licensed business so victims who check a register find a real entry. Fake investment websites typically show rising balances to encourage larger deposits, accept cryptocurrency because it is hard to trace, and then block withdrawals or demand fees or 'tax' payments. Recovery is rarely possible once funds have moved.
How to check a firm yourself
Search the firm on ASIC's Professional Registers for an Australian financial services (AFS) licence, and check the Moneysmart Investor Alert List. Use contact details you find independently rather than those given to you, and be cautious about any unsolicited investment offer or promised returns that look too good to be true.
What to do if you dealt with limestonefx.com
- 01Stop sending money and do not pay any further fees or 'tax' to release funds.
- 02Contact your bank or financial institution immediately to ask about tracing or recalling payments.
- 03Report the scam to Scamwatch (scamwatch.gov.au) and, if you are in Australia, to ReportCyber (cyber.gov.au).
- 04Check the ASIC Moneysmart Investor Alert List and consider reporting misconduct to ASIC.
- 05Contact IDCARE (idcare.org) for support if you shared personal details or ID.
Frequently asked questions
Is limestonefx.com legit?
ASIC warns it falsely claims association with Limestone FX Pty Ltd, which ASIC says has no connection to the website, and reports investors cannot withdraw funds. Do not deal with it.
Is Limestone FX Pty Ltd the same as limestonefx.com?
According to ASIC, no. ASIC says Limestone FX Pty Ltd and its principal firm have told it they have no connection to the website.
Sources
- Suspicious website alert: limestonefx.com, Australian Securities and Investments Commission, 2021-05-11
This report reflects publicly available information and reported patterns as of 2026-10-24. It is an opinion, not a legal determination. Spot an error or represent this entity? See our editorial and corrections policy.