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, 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.
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.
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:
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.
ExenMarkets supports the popular MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface. MT5 provides traders with access to:
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.
ExenMarkets offers several account types to cater to the varying needs of traders. The main account types include:
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.
ExenMarkets supports a variety of deposit methods, including:
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.
ExenMarkets offers multiple customer support channels, including:
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.
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.
FX1188270912
Hong Kong
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!
Exposure
2024-12-26
Lsd
South Korea
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.
Exposure
2024-12-25
Lsd
Hong Kong
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!
Exposure
2024-12-29