EXM Solution Forex Broker

Note: For some unknown reason, we cannot open EXM Solutions official site (https://www.exmsolution.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue. General Information & Regulation EXM Solution, a trading name of EXM Solution Ltd, is allegedly a forex brokerage registered in the Dominican Republic that claims to offer its clients various tradable assets with a choice of three different live account types through the web-based trading platform. As this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, spreads, etc. As for regulation, it has been verified that EXM Solution does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.37/10. Please be aware of the risk. Market Instruments EXM Solution advertises that it offers access to many currency pairs and a wide range of CFDs on indices, commodities, precious metals, stocks, and cryptocurrencies like Bitcoin. Account Types EXM Solution claims to offer three types of trading accounts, but the only specific information about them is the minimum initial deposit. The amount is extremely high-$2,500 for the Silver account, while the other three account types have much higher minimum initial capital requirements of $10,000 and $50,000 respectively. In comparison, the licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Trading Platform Available The platform available for trading at EXM Solution is web-based. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Deposit & Withdrawal The minimum initial deposit requirement at EXM Solution is said to be as high as $2,500. However, the broker says nothing about the acceptable deposit and withdrawal methods. Bonuses & Fees EXM Solution claims to offer some bonuses. If an account is founded with $1,000 and received a bonus of $200, the bonus can only be withdrawn when a trading volume of 50 lots is achieved. Anyway, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients. According to the information in the broker‘s Terms and Conditions, if clients haven’t logged in and traded from their accounts for three months, an inactivity fee of $50 per month will be charged. Dormant account fees are something normal in forex trading, however, this is a bit excessive in our view. Customer Support EXM Solutions customer support can be reached by telephone: +43-720778211 (Austria), +35-220301949 (Luxembourg), +44-2080891237 (United Kingdom) or email: support@exmsolution.com. Company address: Cnr Old and Church Street, Commonwealth of Dominica & Piccadilly Mayfair, London, W1J 7NW. Risk Warning Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.