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Exobit foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.exobit.io/#/en/register, about the company's legal and temporary regulatory information, the company's address .

Exobit Forex Broker

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Exobit

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Note: Exobit's official website: https://exobit.io/ is currently inaccessible normally. Exobit Review Summary Founded2024 Registered Country/RegionUnited Kingdom RegulationUnregulated Market InstrumentsForeign Currency Pairs, CFDs on Shares, Indices, Commodities, and Cryptocurrencies Demo Account❌ LeverageUp to 1:400 EUR/ USD Spread/ Trading PlatformsWeb-based Minimum Deposit$250 Customer SupportPhone and email Based on the United Kingdom, Exobit offers forex and CFDs financial services through their web-based platforms. It offers different leverages for different account types. But it offers unsafe trading conditions such as unregulated environments, unreasonable fee items and so on.Pros and Cons ProsCons NoneNot regulated False parent company Inaccessible website Ridiculous fees chargedIs Exobit Legit? Exobit is not regulated. It asserts that SwellTech LLC is its parent company and is situated in Riga, Latvia's capital city. To verify this, we consulted the online registry of the Latvian financial regulator, the FCMC (Financial and Capital Market Commission), but found no record of a company by this name. Besides, their website is not accessed.What Can I Trade on Exobit? Exobit offers Foreign Currency Pairs, CFDs on Shares, Indices, Commodities, and Cryptocurrencies. Tradable InstrumentsSupported Forex✔ Commodities✔ Indices✔ Cryptocurrencies✔ Shares✔ ETFs❌ Bonds❌ Mutual Funds❌Account Type Exobit offers the Presidential, Executive, Platinum, Premium and Green accounts. They require the minimum deposit of $250, which is higher than the regulated industry standard of $100 on average.Leverage Exobit provides different leverage options for its account types. The Executive account features the highest leverage at 1:400. The Platinum account offers a slightly lower leverage of 1:300, while both the Premium and Green accounts provide a more moderate leverage of 1:200. Account TypeLeverage Executive1:400 Platinum1:300 Premium1:200 Green1:200Exobit Fees As stated in the policy of Exobit, an account becomes dormant after just 60 days, incurring a monthly handling fee of 10% or 100 UST. Furthermore, each account incurs an annual handling fee exceeding 10%, which is quite outrageous.Trading Platform Exobit says it supports a web-based trading platform. However, this platform can not be accessible due to their inaccessible website.Deposit and Withdrawal Exobit accepts credit and debit cards, but this acceptance is facilitated through a third-party vendor called Ipaytotal.solutions, which raises suspicion and decreases trustworthiness. Notably, even if a withdrawal is cancelled, a 5% fee is still deducted. Additionally, if a bonus is applied (referred to as Credit Tokens), a 10% levy is charged on the total deposit when attempting to withdraw. The minimum withdrawal amounts are 50 UST for credit/debit cards and 100 UST for wire transfers, with all charges denominated in digital currency, not fiat, which adds to the questionable nature of the broker.Customer Service Exobit offers phone and email to contact. Contact OptionsDetails Phone+44 20 3885 7664/ 442038857664 Emailsupport@exobit.io Contact Form❌ Online Chat❌ Social Media❌ Supported LanguageEnglish Website Language❌The Bottom Line To this end, Exobit is an untrustworthy broker that has misrepresented its regulatory status, trading software, and inaccessible website. We strongly advise against conducting any business with this broker and would not recommend it to anyone.FAQs Is Exobit safe? No. Traders should avoid trading with it. Is Exobit a good for beginners? No. They do not offer demo accounts and requires high minimum deposit. What security measures does Exobit have in place to protect my funds and personal information? No.
How to login to Exobit?

Exobit Similar Brokers

Pros
User-friendly interface for trading.
Offers a wide range of trading assets including cryptocurrencies.
Responsive customer support team.
Cons
Unregulated broker, raising concerns about safety and legitimacy.
Misrepresentation of trading platform capabilities, claiming to offer MT4 but providing a simplified web-based platform instead.
High fees associated with withdrawals and account inactivity.

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Exobit
Abbreviation
Exobit
Company employee
--
Customer Service Email Address
support@exobit.io
Contact Number
+44 20 3885 7664
Company Website
How to login to Exobit?
Exobit Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Exobit Account Registering for an Exobit account is the first step toward engaging in cryptocurrency trading. Follow these detailed steps to successfully complete your Exobit registration. Steps to Register Accessing the Registration Page Begin by visiting the official Exobit website at exobit.io. Look for the "Sign Up" or "Register" button prominently displayed on the homepage. Click on it to be redirected to the registration form. Filling in Required Information On the registration form, you'll need to provide essential details, including your full name, email address, phone number, and a secure password. Make sure to create a strong password that combines uppercase letters, lowercase letters, numbers, and special characters. Email/Phone Verification After submitting your information, you will receive a verification email or SMS. Click the verification link in the email or enter the code sent to your phone to confirm your identity. This step is crucial for securing your account and ensuring that you have access to all features. Identity Verification (if required) Depending on your region and regulatory requirements, Exobit may request additional identity verification. This could involve uploading a government-issued ID or proof of address. Follow the prompts to upload the necessary documents. Registration Confirmation Once your information is verified, you will receive a confirmation message indicating that your Exobit registration is complete. You can now proceed to log into your account. Common Registration Issues and Solutions Email Not Received: If you do not receive the verification email, check your spam folder. If its not there, try resending the verification email from the Exobit registration page. Invalid Phone Number: Ensure that you entered your phone number correctly, including the country code. If you still encounter issues, use an alternative number if possible. Document Rejection: If your identity verification documents are rejected, ensure that they are clear, legible, and meet the specified requirements. Resubmit the documents as needed. Regional Differences in Registration Exobit may have different registration requirements based on your location. For instance, users from certain countries may face additional compliance checks due to local regulations. Always check the Exobit website for specific instructions related to your region. Part Two: Exobit Account Opening Detailed Guide Understanding Account Registration vs. Account Opening While registration is the initial step to create an account, account opening involves setting up the specific trading account you intend to use for trading activities. Heres how to navigate the Exobit account opening process. Preparation Work Before Account Opening Before you can open an Exobit account, ensure you have the following ready: A verified email address and phone number. A government-issued ID for identity verification. Proof of residence (if required). A secure internet connection. Detailed Account Opening Steps Selecting Account Type After registering, log into your account and navigate to the account opening section. Exobit may offer different account types, such as Standard, Premium, or Pro accounts. Read the descriptions carefully and select the one that best suits your trading needs. Submitting Required Documents Depending on the account type you choose, you may need to submit additional documents. This often includes identity verification documents and proof of address. Ensure all documents are clear and meet Exobits requirements. Account Review Process Once youve submitted the necessary documents, Exobit will review your application. This process can take anywhere from a few hours to several days, depending on the volume of applications. Account Activation Upon successful review, you will receive a notification that your account has been activated. If there are any issues, Exobit will reach out to you via email. Initial Setup After activation, log into your account to complete the initial setup. This may include setting up security questions, enabling two-factor authentication, and funding your account. Frequently Asked Questions About Account Opening How long does the account opening process take? The account opening process can vary but typically takes 1-3 business days for verification and approval. What documents are needed for account opening? You will generally need a government-issued ID and proof of address. Check the Exobit website for specific requirements. Next Steps After Opening an Account Once your account is open, familiarize yourself with the trading platform. Explore the various trading tools and features available to enhance your trading experience. Consider starting with a demo account to practice before trading with real funds. Part Three: Exobit Login Process Explained Basic Web Login Process Logging into your Exobit account is straightforward. Follow these steps to access your account: Visit the Exobit Website Go to exobit.io and locate the “Login” button on the homepage. Enter Your Credentials Input your registered email address and password. Ensure that your credentials are entered correctly to avoid login issues. Two-Factor Authentication (if enabled) If you have enabled two-factor authentication, you will need to enter the verification code sent to your registered mobile number or email. Click Login After entering your credentials and any required verification codes, click the “Login” button to access your account. Explore Your Dashboard Once logged in, you will be taken to your account dashboard where you can manage your trading activities. Mobile App Login Process If Exobit offers a mobile app, the login process will generally follow the same steps as the web login. Download the app from your devices app store, enter your credentials, and follow any additional verification steps. Other Login Methods Exobit may also support third-party login options (e.g., Google or Facebook login) if available. This feature can simplify the login process by allowing you to use existing credentials. Common Login Issues and Solutions Forgotten Password: If you forget your password, click on the “Forgot Password?” link on the login page. Follow the instructions to reset your password via email. Account Lockout: If your account is locked due to multiple failed login attempts, wait for a specified duration before trying again. Contact customer support if the issue persists. Technical Issues: Ensure your browser is updated and that cookies are enabled. Clear your browser cache if you encounter persistent login issues. Special Instructions for First-Time Login: Upon your first login, you may be prompted to complete additional security settings such as setting security questions or enabling two-factor authentication. Overview of Features After Login Once logged in, you can access various features, including trading tools, account management options, market analysis, and customer support. Take time to explore these features to maximize your trading potential. Additional Sections Account Security Recommendations To ensure the security of your Exobit account: Use a strong, unique password and change it regularly. Enable two-factor authentication for an added layer of security. Regularly monitor your account for any unauthorized activity. Best Practices for Account Management Keep your contact information updated to receive important notifications. Regularly review your account settings and preferences. Use demo accounts to practice new strategies without financial risk. How to Get Technical Support If you encounter issues or have questions, Exobit provides customer support through various channels: Email Support: Reach out via the support email found on the Exobit website. Live Chat: Utilize the live chat feature for immediate assistance. Help Center: Access the help center for FAQs and troubleshooting guides. By following this comprehensive guide, you will be well-equipped to navigate the Exobit registration, account opening, and login processes efficiently. Happy trading!

Exobit Forex Broker - Complete Information Guide

1. Broker Overview

Exobit, established in 2014, is an online trading platform that primarily operates in the foreign exchange (forex) market. The broker claims to be headquartered in Latvia, although there are indications that it may operate offshore without proper regulatory oversight. Exobit is a private entity and does not appear to be publicly traded. Its target market includes retail traders interested in forex, commodities, indices, shares, and cryptocurrencies.

Despite the claims made by Exobit, the legitimacy of its operations is questionable. The parent company is said to be Swelltech LLC, which allegedly operates out of Latvia. However, a search of the Latvian company register reveals no such entity, raising concerns about the broker's transparency and operational integrity. Over the years, Exobit has attempted to position itself as a reliable broker, but the lack of regulatory compliance and verifiable company information casts a shadow over its reputation.

Exobit operates on a retail forex business model, offering trading services to individual clients without providing institutional services or white-label solutions. This model typically involves high leverage, various asset classes, and a focus on attracting new clients through marketing efforts.

2. Regulatory and Compliance Information

Exobit operates without any valid regulatory oversight, which is a significant red flag for potential investors. The broker is not regulated by any recognized financial authority, such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC). This lack of regulation means that clients do not have the protection that comes with trading through a licensed broker.

The absence of a regulatory license raises questions about the safety of client funds. Exobit does not provide information on client fund segregation policies or participation in investor compensation schemes, which are standard practices among regulated brokers. Furthermore, there are no clear indications of compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are critical for maintaining the integrity of financial transactions.

Given these factors, it is vital for potential clients to exercise caution when considering the exobit broker for trading. The lack of regulatory oversight means that clients may have limited recourse in the event of disputes or fund mismanagement.

3. Trading Products and Services

Exobit offers a diverse range of trading products, including:

  • Forex Currency Pairs: The broker provides access to several major and minor currency pairs, although the exact number is not specified.
  • CFD Products: Exobit allows trading in Contracts for Difference (CFDs) on various assets, including indices, commodities, stocks, and cryptocurrencies.
  • Cryptocurrencies: The broker focuses significantly on cryptocurrency trading, offering a selection of popular digital currencies.

The frequency of product updates and the addition of new trading instruments are not clearly communicated by Exobit, leaving potential clients in the dark about the evolving nature of its offerings. Retail trading services are the primary focus, with no indication of institutional client services or asset management solutions being available.

4. Trading Platform and Technology

Exobit primarily utilizes a web-based trading platform, which lacks the advanced features of popular trading software like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The platform is simplistic and does not offer the robust tools typically associated with established trading platforms. There is no mention of a proprietary trading platform or mobile application support for iOS or Android.

The execution model employed by Exobit is not explicitly stated, but the high leverage options suggest a market-making approach. The broker offers leverage of up to 1:400, which far exceeds the limits set by regulatory bodies in regions such as the EU, where the maximum is capped at 1:30. This raises further concerns about the broker's adherence to industry standards.

Exobit does not appear to support API access or automated trading capabilities, limiting traders who wish to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

Exobit offers several types of trading accounts, although specific details about each account type are limited. The general conditions include:

  • Minimum Deposit: The minimum deposit requirement is set at $250, which is higher than the industry standard for regulated brokers.
  • Spread and Commission: Details about spreads and commission structures are not explicitly provided, making it difficult for potential traders to assess the cost of trading.
  • Leverage: The broker offers varying leverage ratios, with a maximum of 1:400 for most currency pairs and lower ratios for specific assets.
  • Minimum Trade Size: Information on the minimum trade size is not disclosed, which is a critical factor for traders to consider.
  • Overnight Fees: The policy regarding overnight fees is not provided, leaving traders unaware of potential costs associated with holding positions overnight.

The lack of clarity in account conditions and the absence of a demo account for practice trading further complicate the decision-making process for potential clients.

6. Fund Management

Exobit supports several deposit methods, including credit cards and bank transfers. However, there is limited information regarding the specific electronic wallets or payment processors accepted. The minimum deposit requirement varies by account type, with $250 being the baseline.

Deposit processing times are not clearly stated, which could lead to uncertainty for traders looking to fund their accounts quickly. Additionally, the broker does not provide information on any fees associated with deposits.

Withdrawal methods are also vague, with indications that clients may face restrictions and potential fees when attempting to withdraw funds. The processing times for withdrawals are not disclosed, and there are reports of delays in fund access, which is a common issue with unregulated brokers.

7. Customer Support and Educational Resources

Exobit claims to offer various customer support channels, including phone, email, and online chat. However, the availability of support and the responsiveness of agents are not well documented. The broker provides support in multiple languages, although the specific languages offered are not listed.

In terms of educational resources, Exobit does not appear to offer comprehensive training materials such as webinars, tutorials, or e-books. There is limited market analysis provided, which is essential for traders looking to stay informed about market trends and developments.

The absence of robust educational and analytical resources may hinder traders, particularly those who are new to the forex market.

8. Geographic Coverage and Restrictions

Exobit primarily targets clients in various international markets, but specific details about its service areas are not provided. The broker does not have a clearly defined regional office distribution, and it is unclear which countries it actively serves.

However, potential clients should be aware that Exobit does not accept clients from certain jurisdictions, particularly those with stringent regulatory requirements. The specifics of restricted countries are not disclosed, which could pose challenges for traders attempting to sign up.

In summary, the Exobit broker presents a range of services and trading products, but the lack of regulation, transparency, and customer support raises significant concerns. Potential clients are advised to conduct thorough research and consider the risks associated with trading through an unregulated broker before proceeding.

Exobit Forex Broker has an overall rating of 1.51, Regulatory Index 0.00, License Index 0.00, Business Index 6.99, Software Index 4.00 Risk Control Index 0.00.