EXELCIUS PRIME Forex Broker
Basic Information
Cyprus
5-10 years Regulated in Cyprus Straight Through Processing (STP) Suspicious Scope of Business Medium potential riskCompany profile
EXELCIUS PRIME broker review
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Exelcius Prime Forex Broker - Complete Information Guide
1. Broker Overview
Exelcius Prime Ltd, established in 2021, is a Cyprus-based financial services provider specializing in online trading. The company operates under the brand name 1Market and is headquartered in Limassol, Cyprus, with its primary office located at 254 Archiepiskopou Leontiou A, Maximos Court A, Floor 7, Office 73 & 74, 3020 Limassol. As a private company, Exelcius Prime focuses on providing trading services to retail and institutional clients across various financial markets.
Since its inception, Exelcius Prime has aimed to create a secure and innovative trading environment. The company has achieved significant milestones, including obtaining a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). This license allows Exelcius Prime to offer a range of trading products and services, establishing itself as a notable player in the online trading industry.
Exelcius Prime operates primarily in the retail forex market, catering to individual traders seeking access to global financial markets. The company provides a diverse range of trading instruments, including forex pairs, CFDs, commodities, and more. With a commitment to transparency and client protection, Exelcius Prime has positioned itself as a reliable choice for traders looking to engage in online trading.
2. Regulatory and Compliance Information
Exelcius Prime Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding license number 366/18. This regulatory oversight ensures that the broker adheres to strict financial standards and practices, providing a layer of protection for clients. The license is valid within the European Economic Area (EEA), allowing Exelcius Prime to operate across various jurisdictions.
The regulatory framework mandates that Exelcius Prime maintains client funds in segregated accounts, ensuring that traders' money is protected and separate from the company's operational funds. Additionally, the broker participates in an investor compensation fund, which provides further security for clients in the event of insolvency.
Exelcius Prime implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to comply with regulatory requirements. These measures are designed to prevent fraudulent activities and ensure the integrity of the trading environment. Clients are required to verify their identity and provide relevant documentation during the account registration process.
3. Trading Products and Services
Exelcius Prime offers a comprehensive range of trading products, catering to diverse trading preferences. The broker provides access to over 650 trading instruments, including:
- Forex currency pairs: A wide selection of major, minor, and exotic currency pairs.
- CFDs: Contracts for difference on various asset classes, including indices, commodities, and stocks.
- Cryptocurrencies: A limited but growing selection of digital currencies.
- Commodities: Trading options on precious metals, energy products, and agricultural goods.
The broker frequently updates its offerings to include new products, ensuring that traders have access to the latest market opportunities. Exelcius Prime focuses on retail trading services, providing individual clients with the tools and resources needed to navigate the financial markets effectively.
For institutional clients, Exelcius Prime may offer tailored solutions, although specific details on institutional services are not extensively documented in publicly available sources. The company emphasizes its commitment to providing a user-friendly trading experience for all clients.
4. Trading Platforms and Technology
Exelcius Prime supports the popular MetaTrader 5 (MT5) trading platform, known for its advanced charting capabilities and extensive analytical tools. The broker also offers a proprietary web-based trading platform, providing users with a seamless trading experience without the need for software downloads.
The MT5 platform includes features such as:
- Multiple timeframes and chart types
- Over 30 technical indicators
- Support for algorithmic trading through Expert Advisors (EAs)
Additionally, Exelcius Prime provides a mobile trading application compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
The broker operates on a Straight Through Processing (STP) model, ensuring fast and efficient trade execution. The technology infrastructure is designed to support high-frequency trading and minimize latency, enhancing the overall trading experience for clients.
Exelcius Prime also offers API access for automated trading solutions, catering to traders who prefer algorithmic strategies.
5. Account Types and Trading Conditions
Exelcius Prime offers a variety of account types to accommodate different trading styles and capital levels. The available accounts include:
- Mini Account: Minimum deposit of $500, suitable for beginner traders.
- Standard Account: Minimum deposit of $1,000, providing access to essential trading features.
- Gold Account: Minimum deposit of $5,000, offering enhanced trading conditions.
- Platinum Account: Minimum deposit of $10,000, designed for serious traders seeking more personalized services.
- Diamond Account: Minimum deposit of $50,000, catering to high-net-worth individuals.
- VIP Account: Minimum deposit of $100,000, providing exclusive benefits and personalized support.
- Bank Transfers
- Credit/Debit Cards
- E-wallets (such as Skrill and Neteller)
- Telephone
- Online Messaging
- Social Media
- Webinars
- Tutorials
- E-books
Leverage options vary by account type, with retail clients typically having access to leverage up to 1:30, while professional traders may benefit from higher leverage ratios, potentially reaching up to 1:400. The minimum trade size is generally set at 0.01 lots, allowing traders to manage their risk effectively.
Exelcius Prime does not charge deposit or withdrawal fees, making it more accessible for traders to manage their funds. However, overnight financing fees may apply to positions held beyond the trading day.
6. Fund Management
Exelcius Prime supports various deposit methods, including:
The minimum deposit requirement varies by account type, with the lowest set at $500 for the Mini Account. Deposits are typically processed within 24 hours, ensuring that clients can access their trading accounts promptly.
Withdrawals can be made using the same methods as deposits, and Exelcius Prime aims to process withdrawal requests within three business days. Clients are advised to check for any potential fees associated with their chosen payment methods, as third-party fees may apply.
Exelcius Prime maintains a transparent fee structure, ensuring that clients are aware of any costs associated with their trading activities.
7. Customer Support and Educational Resources
Exelcius Prime provides comprehensive customer support through various channels, including:
The support team is available 24/5, catering to clients in different time zones. The broker offers assistance in multiple languages, enhancing accessibility for a diverse client base.
In addition to customer support, Exelcius Prime offers a range of educational resources, including:
Market analysis services, such as daily reports and research articles, are also available to help traders stay informed about market developments. The broker provides essential trading tools, including economic calendars and trading signals, to assist clients in making informed trading decisions.
8. Regional Coverage and Restrictions
Exelcius Prime primarily serves clients in the European Economic Area (EEA), adhering to the regulatory standards set by CySEC. The broker has established a presence in various countries, providing access to its trading services to a broad audience.
However, Exelcius Prime does not accept clients from certain jurisdictions, including the United States and other regions where regulatory restrictions apply. Specific limitations may vary based on local laws and regulations.
The broker is committed to ensuring compliance with regional laws, which may affect its ability to offer services in certain markets. Clients are encouraged to verify their eligibility before opening an account with Exelcius Prime.
In conclusion, Exelcius Prime Ltd, operating under the brand 1Market, presents itself as a regulated and reliable forex broker. With a range of trading products, advanced platforms, and a commitment to client protection, it aims to cater to the diverse needs of traders worldwide.