Aspect Information Registered Country/Area United Kingdom Company Name Exopip Regulation Unregulated Minimum Deposit Varies by account type Maximum Leverage Up to 1:200 Spreads Varies by market conditions Trading Platforms Web-based platform Tradable Assets Forex, CFDs, Cryptocurrencies Account Types Bronze, Silver, Gold, Platinum, Diamond, Premium, VIP Customer Support Email, Phone (limited availability) Payment Methods Bank Wire Transfer, Credit/Debit Card, Internet Transfer (Skrill, Neteller), Crypto Wallet Transfer Educational Tools Not provided Overview Exopip is a brokerage firm operating in the United Kingdom, offering a range of trading opportunities to investors. However, it's important to note that Exopip operates without valid regulation, which may raise concerns for potential clients due to the potential risks associated with unregulated entities. The minimum deposit requirement varies depending on the chosen account type, while traders can access a maximum leverage of up to 1:200. Spreads are subject to market conditions and can vary accordingly. Exopip provides a web-based trading platform for its clients, allowing access from various devices. Tradable assets include Forex, CFDs, and cryptocurrencies. The broker offers multiple account types, each with varying features and benefits. Customer support is available through email and phone, albeit with limited availability. Exopip supports various payment methods, including bank wire transfers, credit/debit cards, internet transfers via Skrill and Neteller, as well as crypto wallet transfers. Notably, educational resources are not provided by the broker. Traders should exercise caution and conduct thorough research due to the lack of regulatory oversight. Regulation Exopip's lack of valid regulation as a broker raises serious concerns for potential investors. Regulation is essential in the financial industry to ensure transparency, security, and accountability. Without proper oversight, investors may be exposed to higher risks, including potential fraud or mismanagement of funds. It is crucial for individuals considering Exopip as a broker to thoroughly research and assess the potential risks associated with an unregulated entity before making any investment decisions. Pros and Cons Pros Cons Offers a variety of trading instruments, including Forex, CFDs, and cryptocurrencies. Lack of valid regulation as a broker raises concerns for investor safety. Provides multiple account types with various features to cater to traders' needs. No educational resources or materials for traders seeking to enhance their knowledge. Maximum trading leverage of 1:200 can potentially amplify profits for experienced traders. Spreads can vary depending on market conditions and asset traded. Transparent fee structure with no commissions for trades, deposits, or withdrawals. Limited customer support availability during standard working hours. Flexible deposit and withdrawal options, including bank wire transfer, credit/debit cards, and cryptocurrencies. Withdrawal processing may take up to 5 working days. Web-based trading platform offers convenience and accessibility from various devices. Lack of regulatory oversight may expose investors to higher risks. Exopip presents a range of advantages and disadvantages for traders to consider. On the positive side, it offers diverse trading instruments and account types, along with the potential for leverage to enhance profits. The broker also maintains a transparent fee structure without charging commissions. However, concerns arise from its lack of regulation, potentially impacting investor security. Additionally, Exopip does not provide educational resources for traders and offers limited customer support during specific hours. Traders should weigh these pros and cons carefully before engaging with the platform. Market Instruments Exopip offers a range of market instruments, including Forex (foreign exchange), CFDs (contracts for difference), and cryptocurrencies. Forex: Exopip provides access to the Forex market, allowing traders to buy and sell currency pairs. This market is known for its high liquidity and operates 24 hours a day, five days a week. Traders can speculate on the price movements of currency pairs like EUR/USD, GBP/JPY, and USD/JPY. CFDs: Exopip offers CFDs, which enable traders to speculate on the price movements of various underlying assets, such as stocks, commodities, indices, and more, without actually owning the assets. CFD trading allows for leverage, which can amplify both profits and losses, making it a versatile instrument for traders seeking exposure to different markets. Cryptocurrencies: Exopip includes cryptocurrencies in its market offerings, allowing traders to buy and sell digital currencies like Bitcoin, Ethereum, and Litecoin. Cryptocurrency trading is known for its volatility, providing opportunities for traders to profit from price fluctuations. Account Types Exopip offers a variety of account types to cater to the diverse needs and preferences of its traders. Here's a description of each account type: Bronze: Initial Deposit: €10,000 Features: Market Reviews, Trading E-Book, Webinar Access, Social Trading Silver: Initial Deposit: €25,000 Additional Features: Video-on-Demand (VOD): Advanced Gold: Initial Deposit: €50,000 Additional Features: 1 Risk-Free Trade, Personal Assistant Platinum: Initial Deposit: €100,000 Additional Features: Customized Account, Access to Trading Room Diamond: Initial Deposit: €250,000 Additional Features: Customized Account, Access to Trading Room Premium: Initial Deposit: €500,000 Additional Features: Customized Account, Access to Trading Room VIP: Initial Deposit: €1,000,000 Additional Features: Customized Account, Access to Trading Room Each account type comes with a set of features and benefits that typically become more extensive and exclusive as you move up the tiers. These features may include educational resources, personalized assistance, risk-free trades, and access to advanced tools or trading rooms. Traders can choose the account type that aligns with their trading goals, experience level, and investment capacity. It's essential to carefully consider the features and requirements associated with each account type before making a decision. Leverage Exopip offers a maximum trading leverage of 1:200 to its traders. This means that for every unit of capital deposited, traders can potentially control a position in the market that is 200 times larger. Leverage can amplify both profits and losses, making it a powerful tool for traders but also increasing the level of risk involved in trading. A leverage of 1:200 allows traders to access larger positions with a relatively small initial capital investment, but it's important for traders to use leverage responsibly and understand the associated risks. While it can magnify gains when the market moves in the desired direction, it can also lead to substantial losses if the market goes against the trader's position. Therefore, traders should have a solid risk management strategy in place when utilizing high leverage to protect their capital. Spreads and Commissions Exopip operates on a client-centric approach to trading by striving to offer a low-cost experience with transparent fee structures. The broker does not charge commissions for trades, deposits, or withdrawals, ensuring that clients are not burdened with hidden fees or additional costs associated with their trading activities. This commitment to fairness and transparency is designed to provide traders with a straightforward and predictable trading environment. Instead of commissions, Exopip primarily makes money through spreads. The spread is the difference between the buying (bid) and selling (ask) prices of a financial instrument. It's important to note that spreads can vary depending on market conditions and the specific assets being traded, and they are calculated in real-time. Traders should be aware that spreads are a standard way for brokers to generate revenue, and they can fluctuate based on market volatility and liquidity. Overall, Exopip aims to ensure that traders have access to real-time market data, transparent pricing, and a cost-effective trading experience to make informed decisions and succeed in their trading endeavors. For specific details on spreads and charges, traders are encouraged to reach out directly to Exopip for more information. Deposit & Withdrawal Exopip provides its clients with various options for depositing and withdrawing funds from their trading accounts. These options include: Bank Wire Transfer: This method allows for the transfer of funds between accounts but may take 3-5 business days to process. Credit/Debit Card: Clients can use Visa or MasterCard-branded credit or debit cards for deposits, with funds becoming available for trading. Internet Transfer: Exopip offers Skrill and Neteller as online payment options, allowing for money transfers between bank accounts and trading accounts. Crypto Wallet Transfer: Clients who own cryptocurrencies can transfer their cryptocurrency wallets to their online trading accounts, providing a method to fund their trading activities. To deposit funds, clients can follow these steps: Sign up for a trading account with Exopip. Log in to your account and navigate to the “Deposit Money” tab. Choose your preferred payment method (bank wire, credit card, cryptocurrency). Specify the deposit amount and click “Continue.” For withdrawals, clients can follow these steps: Access your online trading account and select the “Withdraw” option from the top menu. Under the withdrawal menu, select “Withdraw Money.” Choose the desired currency for withdrawal and proceed. Provide your bank information, including bank name and account number. Enter the withdrawal amount and currency, then confirm your withdrawal. It's important to note that withdrawal processing may take up to 5 working days. Exopip aims to offer flexibility in handling financial transactions, making it convenient for traders to manage their funds as needed. Trading Platforms Exopip offers a web-based trading platform that provides traders with a convenient and flexible trading experience. This platform combines the strengths of both mobile and web applications, offering location independence, easy accessibility from any device with an internet connection, and compatibility across various operating systems and devices. Traders can execute orders, access account information, and receive real-time market data seamlessly. With a uniform trading interface across devices, users can transition between different platforms without losing familiarity. The web-based platform is known for its reliability, ensuring that traders always have access to the most up-to-date market information for making informed decisions. Exopip's secure and encrypted web-based trading platform is a user-friendly option for trading a variety of financial instruments from anywhere in the world. Customer Support Exopip provides customer support services to assist its clients with inquiries, assistance, and support. The support team is available during standard working hours of 24/5 GMT, from 00:00 to 24:00, Monday to Friday. Clients can reach out to the support team via email at support@exopip.com for any trading-related queries or assistance they may require. Additionally, Exopip offers a back office location at 37 Leman St, London E1 8EW, United Kingdom, with dedicated contact numbers for trading (+442080166523) and general support (+442037500644). These contact details provide clients with options to reach out to the broker's team for specific needs or inquiries. Overall, Exopip aims to provide accessible customer support services to assist clients during their trading journey, offering contact options both via email and phone for various aspects of support and assistance. Educational Resources Exopip does not provide educational resources for its clients, focusing solely on its trading services and platform offerings without offering supplementary educational materials or resources for traders seeking to enhance their knowledge and skills in the financial markets. Summary Exopip is an unregulated broker that offers a range of trading instruments, including Forex, CFDs, and cryptocurrencies. While it provides various account types to cater to different traders, it's essential to note the lack of regulatory oversight, which may raise concerns for potential investors. The broker does not charge commissions but makes money through spreads. It offers multiple deposit and withdrawal options, with varying processing times. Exopip provides a web-based trading platform, allowing traders access from various devices. However, it doesn't offer educational resources. Customer support is available during standard working hours, and contact can be made via email or phone. Traders should exercise caution and conduct thorough research due to the lack of regulation. FAQs Q1: Is Exopip a regulated broker？ A1: No, Exopip is not a regulated broker. It operates without valid regulation, which may be a concern for some traders due to potential risks associated with unregulated entities. Q2: What trading instruments are available on Exopip？ A2: Exopip offers Forex, CFDs (contracts for difference), and cryptocurrencies as trading instruments, providing traders with a variety of options to choose from. Q3: How can I deposit funds into my Exopip trading account？ A3: You can deposit funds into your Exopip trading account through bank wire transfer, credit/debit cards, internet transfer (Skrill and Neteller), and crypto wallet transfer, depending on your preference. Q4: Does Exopip offer educational resources for traders？ A4: No, Exopip does not provide educational resources or materials for traders. It focuses solely on its trading services and platform offerings. Q5: What is the maximum leverage offered by Exopip？ A5: Exopip offers a maximum trading leverage of 1:200, allowing traders to potentially control larger positions in the market compared to their initial capital. However, traders should use leverage responsibly due to the associated risks.