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EXENMARKETS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.exenmarkets.com, about the company's legal and temporary regulatory information, the company's address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.

EXENMARKETS Forex Broker

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
--
Company Name
EXENMARKETS
Abbreviation
EXENMARKETS
Company employee
--
Customer Service Email Address
info@exenmarkets.com
Contact Number
+38269065769
Company address
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Aspect Information Company Name EXENMARKETS Registered Country/Area Saint Vincent and the Grenadines Founded Year 2016 Regulation Unregulated Products & Services Free Trainings,Fundamental Analysis,Technical analysis,Macro Analysis Demo Account Available Customer Support Phone:(+382) 69065769,Email:info@exenmarkets.com Educational Resouces Forward-thinking educational solutions,Introduction of EXENMARKETS Overview of EXENMARKETS EXENMARKETS, established in 2016, is an unregulated financial services company based in Saint Vincent and the Grenadines. The company offers a range of products and services tailored for investors, including free trainings in fundamental, technical, and macro analysis. EXENMARKETS also provides forward-thinking educational solutions, such as an introduction to their services, attracting both new and experienced traders. Additionally, clients can utilize a demo account to practice trading strategies. The firm is supported by a customer service team available through phone and email, ensuring accessible and reliable assistance for its users. Regulatory Status EXENMARKETS is currently unregulated, meaning it does not hold a formal license from any financial regulatory authority. Operating without regulatory oversight allows for greater flexibility in the services and products they offer, but it also means that clients do not have the same protections that regulated entities provide. Pros and Cons Pros Cons Multiple/Wide Range of Market Instruments Narrow Product Scope Multiple Trading Platforms Provided Focus on Education Over Practical Trading Tools Beginner-Friendly Approach Unregulated Operation 7/24 Customer Service Potential Geographic Limitations in Service Delivery Pros of EXENMARKETS: Multiple/Wide Range of Market Instruments: EXENMARKETS offers a variety of trading products including fundamental analysis, technical analysis, and macro analysis training. Multiple Trading Platforms Provided: The firm provides access to multiple trading platforms, enhancing the trading experience for users. . Beginner-Friendly Approach: EXENMARKETS ensures an accessible and easy-to-understand platform, ideal for those new to trading, by providing comprehensive educational resources and user-friendly tools 7/24 Customer Service: The company ensures robust customer support with services available around the clock. This continuous support helps address client issues promptly, enhancing user satisfaction and support. Cons of EXENMARKETS: Narrow Product Scope: Exen Markets doesn't provide a broad range of financial products. This limited scope restricts opportunities for clients looking to diversify their investment portfolios. Focus on Education Over Practical Trading Tools: Exen Markets emphasizes financial education,the practical trading tools, advanced trading platforms, and real-time market data are underrepresented. Unregulated Operation: Exen Markets operates without regulatory oversight, which exposes clients to increased risks and lacks the protections that come with a regulated entity. Potential Geographic Limitations in Service Delivery: The focus on a particular region might limit the availability of tailored products and services to international markets, affecting clients who are outside the primary geographical focus of the firm. Products & Services EXENMARKETS offers a comprehensive suite of products and services tailored to meet the needs of traders at all levels of expertise: Free Trainings EXENMARKETS provides an array of free training courses designed to help traders develop their skills without financial commitment. These courses are structured to attract both beginners and advanced traders, covering a wide range of topics from trading fundamentals to sophisticated market strategies. The objective is to offer accessible educational opportunities that empower traders to improve their market knowledge and trading performance, leveraging expert instruction and practical, interactive learning tools. Fundamental Analysis Fundamental analysis training at EXENMARKETS equips traders with the ability to evaluate the intrinsic value of a security by examining related economic, financial, and other qualitative and quantitative factors. This service teaches traders how to interpret economic indicators, company financial statements, and market conditions to make informed investment decisions. The training delves into the core principles of fundamental analysis, providing insights into long-term market trends and potential investment opportunities based on economic overviews and company performance metrics. Technical Analysis The technical analysis training offered by EXENMARKETS focuses on the study of market action, primarily through the use of charts and other technical indicators, to forecast future price movements. This service is designed for traders who wish to master the art of recognizing patterns, trends, and signals that dictate market dynamics. The training covers various aspects of technical analysis, including chart patterns, trend lines, oscillators, and volume analysis, enabling traders to develop strategies based on historical price movements and statistical trends. Macro Analysis Macro analysis at EXENMARKETS is tailored to traders interested in understanding how economic theories, policies, and conditions affect the financial markets globally. This service provides insights into how events such as political instability, changes in economic policies, and significant global events can influence market sectors and asset prices. The training emphasizes the interconnectedness of global economies and offers strategies for leveraging this knowledge to make predictive assessments about market movements, beneficial for traders focusing on commodities, indices, and forex markets influenced by global economic factors. How to Open an Account? Opening an account with EXENMARKETS can be streamlined into the following four key steps: Visit the Official Website: Start by navigating to the EXENMARKETS website. Once there, locate the 'Sign Up' or 'Open Account' button, which is typically prominently displayed on the home page. Clicking this button will direct you to the registration form. Fill Out the Registration Form: Complete the registration form with all required details. This will generally include personal information such as your name, email address, phone number, and residential address. You will also be asked to provide financial information and your trading experience to ensure that the services provided can be tailored to your needs and investment profile. Verify Your Identity: To comply with financial security regulations, EXENMARKETS will require you to verify your identity. This step typically involves uploading copies of government-issued identification such as a passport or drivers license, and sometimes a recent utility bill or bank statement to verify your address. This process is crucial for protecting against fraud and ensuring the security of your account. Fund Your Account and Start Trading: Once your account is verified, you will be able to fund it using one of the accepted methods of deposit, such as bank transfer, credit card, or an e-wallet solution. After funding your account, you can begin trading. It's recommended to start with the demo account if available, to familiarize yourself with the platform's features and tools before proceeding to live trading. Customer Support EXENMARKETS offers a comprehensive customer support system to assist its clients with any inquiries or issues they will encounter. Customers can reach the support team by calling the dedicated phone line at (+382) 69065769 for immediate assistance or by sending an email to info@exenmarkets.com for less urgent queries or detailed support requests. Additionally, for clients who will prefer or require face-to-face interaction, EXENMARKETS has an office located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. This multi-channel approach ensures that clients can easily and conveniently get in touch with EXENMARKETS for all their support needs. Educational Resources EXENMARKETS offers an extensive array of educational resources aimed at enhancing traders' knowledge across various levels. The educational suite includes free training in fundamental analysis, technical analysis, and macro analysis, designed to equip traders with the skills to navigate the financial markets effectively. Additionally, EXENMARKETS provides forward-thinking educational solutions, such as webinars and live expert sessions, allowing traders to engage in real-time learning and discussion. For newcomers, there's an “Introduction to EXENMARKETS” course that covers the basics of trading and the company's approach to financial education. This variety of educational tools is accessible in different formats like videos, written guides, and interactive webinars to meet diverse learning preferences. Conclusion EXENMARKETS, with its robust educational offerings and comprehensive support services, presents a valuable platform for both novice and seasoned traders. Despite being unregulated, the company emphasizes accessible learning through a variety of formats and expert-led training, aiming to equip its clients with the necessary tools and knowledge to make informed trading decisions. FAQs Question: Is EXENMARKETS a regulated company? Answer: No, EXENMARKETS is not regulated. It operates without formal oversight from financial regulatory authorities, which potential clients should consider when evaluating risks associated with their services. Question: What types of educational resources does EXENMARKETS offer? Answer: EXENMARKETS offers a range of educational resources including free training in fundamental analysis, technical analysis, and macro analysis, as well as webinars, live sessions with experts, and a beginner's course titled “Introduction to EXENMARKETS.” Question: How can I contact EXENMARKETS customer support? Answer: You can contact EXENMARKETS customer support by phone at (+382) 69065769, or by email at info@exenmarkets.com. They also have an office located in Kingstown, St. Vincent and the Grenadines for in-person inquiries. Question: Are there any options to practice trading without risking money? Answer: Yes, EXENMARKETS provides a demo account where you can practice trading in a simulated environment using virtual funds, which is ideal for beginners or those looking to test new strategies without financial risk. Question: How can I open an account with EXENMARKETS? Answer: To open an account with EXENMARKETS, visit their website, fill out the registration form with your personal details, verify your identity by providing required documents, and then fund your account to start trading.

Rating Index

ECN

Minimum Deposit
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MAM

Minimum Deposit
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ExenMarkets Forex Broker - Complete Information Guide

  

1. Broker Overview

  ExenMarkets, established in 2016, is an online trading broker that operates primarily in the foreign exchange (forex) and contracts for difference (CFD) markets. The company is headquartered in Saint Vincent and the Grenadines, specifically at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. As a private entity, ExenMarkets serves a diverse clientele, including retail and institutional traders from various regions.

  Since its inception, ExenMarkets has aimed to provide a user-friendly trading environment, offering access to a wide range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies. The broker has made significant strides in its development, focusing on technological advancements and enhancing customer service. However, it is important to note that ExenMarkets operates without proper regulatory oversight, which raises concerns about the safety and security of client funds.

  The business model of ExenMarkets is centered around retail forex trading, providing various account types and trading platforms to accommodate different trader needs. The broker positions itself as a gateway for traders looking to explore the financial markets with a focus on education and market analysis.

  

2. Regulatory and Compliance Information

  ExenMarkets operates without regulation, which is a significant concern for potential clients. The broker has not obtained licenses from any major financial regulatory authority, which exposes traders to increased risks. The absence of regulatory oversight means that there is no formal protection for client funds, and the broker is not subject to the same compliance standards as regulated entities.

  The company does not participate in any investor compensation schemes, which means that in the event of insolvency, clients may not recover their funds. Furthermore, ExenMarkets does not implement strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are essential for protecting both the broker and its clients from fraud and financial crimes.

  Client funds are not segregated, which further compounds the risk associated with trading with ExenMarkets. The lack of transparency regarding its operations and financial practices raises additional concerns for potential investors.

  

3. Trading Products and Services

  ExenMarkets offers a diverse range of trading products, catering to various trader preferences. The broker provides access to over 50 forex currency pairs, including major, minor, and exotic pairs. In addition to forex, ExenMarkets offers a selection of CFD products, which include:

  • Indices: Traders can invest in major stock indices, allowing them to speculate on the performance of entire markets.
  • Commodities: The broker provides trading opportunities in spot commodities such as crude oil, natural gas, and agricultural products.
  • Cryptocurrencies: ExenMarkets has included a variety of cryptocurrencies in its offerings, allowing traders to engage in the rapidly growing digital asset market.
  • Stocks: The broker also facilitates trading in stocks from the US, EU, and Asian markets.

  ExenMarkets frequently updates its product offerings to meet market demands, ensuring that traders have access to the latest financial instruments. Retail trading services are the primary focus, while institutional services and white-label solutions are not prominently featured in their offerings.

  

4. Trading Platforms and Technology

  ExenMarkets supports the popular MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface. MT5 provides traders with access to:

  • Advanced Charting Tools: Traders can utilize multiple timeframes and a wide range of technical indicators for in-depth market analysis.
  • Algorithmic Trading: The platform supports automated trading through Expert Advisors (EAs), allowing traders to implement their strategies without manual intervention.

  In addition to MT5, ExenMarkets offers a web-based trading platform, enabling traders to access their accounts from any device with internet connectivity. The broker also provides mobile applications for both iOS and Android devices, ensuring that clients can trade on the go.

  ExenMarkets employs an ECN (Electronic Communication Network) execution model, which allows for direct market access and competitive pricing. The broker's server infrastructure is designed to support high-speed trading, although specific details regarding server locations and technology are not disclosed.

  API access for automated trading is also supported, providing traders with the flexibility to implement their trading strategies seamlessly.

  

5. Account Types and Trading Conditions

  ExenMarkets offers several account types to cater to the varying needs of traders. The main account types include:

  • Gold Education Account: Requires a minimum deposit of $200, designed for beginners looking to start trading with a smaller investment.
  • VIP Education Account: Requires a minimum deposit of $500, suitable for traders seeking a more personalized trading experience.
  • ECN Education Account: Requires a minimum deposit of $1,000, aimed at experienced traders who desire direct market access without dealing desk intervention.

  All accounts are commission-free and support 24/5 customer service, along with free educational resources. The broker offers leverage of up to 1:200, depending on the asset class, allowing traders to amplify their positions. The minimum trade size varies by account type, and overnight fees may apply based on the positions held.

  ExenMarkets also provides a demo account option, enabling traders to practice their strategies without risking real capital.

  

6. Fund Management

  ExenMarkets supports a variety of deposit methods, including:

  • Bank Transfers
  • Credit Cards
  • Cryptocurrency Transfers

  The minimum deposit requirement varies by account type, with the Gold Education Account starting at $200. Deposits are typically processed quickly, although specific processing times are not disclosed. ExenMarkets does not charge deposit fees, making it easier for traders to fund their accounts.

  Withdrawal methods include bank transfers and credit card withdrawals, with processing times varying based on the method used. However, the broker does not provide clear information regarding withdrawal fees, which is a crucial factor for traders to consider.

  

7. Customer Support and Educational Resources

  ExenMarkets offers multiple customer support channels, including:

  • Phone Support: Available during business hours.
  • Email Support: Clients can reach out for assistance via email.
  • Online Chat: Real-time support for immediate inquiries.

  The broker's support team is available 24/5, ensuring that clients can receive assistance when needed. ExenMarkets also provides educational resources, including webinars, tutorials, and market analysis services. These resources are designed to help traders enhance their skills and make informed trading decisions.

  Daily market analysis and research reports are available to clients, providing insights into market trends and potential trading opportunities. Additionally, ExenMarkets offers trading tools such as calculators and signal services to assist traders in their trading activities.

  

8. Regional Coverage and Restrictions

  ExenMarkets primarily serves clients from various regions, although some geographical restrictions apply. The broker does not accept clients from the USA, Canada, Germany, and Turkey, which limits its accessibility to traders in these countries.

  The company's operational focus is on regions where trading regulations are less stringent, allowing for greater flexibility in its services. However, potential clients should be aware of the risks associated with trading with an unregulated broker and consider the implications of these restrictions on their trading activities.

  In conclusion, while ExenMarkets offers a range of trading products and services, the lack of regulation and transparency raises significant concerns for potential investors. It is crucial for traders to conduct thorough research and assess the risks before engaging with the ExenMarkets broker.

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Latest Reviews

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Previously registered in Seychelles, they have now switched to Saint Vincent and the Grenadines. Just remember one thing, no regulation means it's a scam platform! The moment you deposit, you are destined to be trapped!!! "Old Xu," "Xu Lihong," and other leaders of the scam group will collaborate with these scam platforms to ruthlessly exploit victims! They refuse to allow victims to withdraw funds for various reasons!

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In the New World group called Lao Xu, it is impossible to withdraw funds! It has been delayed, everyone is going to report it to the police!

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An absolute scam broker, and the most unscrupulous among them. They prevent withdrawals and use various excuses to delay! At the same time, they continuously recruit new members to become victims, promising them all sorts of prosperous dreams, claiming to build the wealthiest community, and using the current state of the crypto market to scare you into transferring all your USDT to their platform! The scammer's WeChat, the persona created by the scammer, and businesses associated with the scammer are also partially exposed. Updates will continue.

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EXENMARKETS Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.34, Software Index 4.00 Risk Control Index 0.00.
EXENMARKETS