Exo Trade Capital Review – Why Not To Trust Exotrade-capital.com Broker
If you were considering investing with Exo Trade Capital, we’d immediately tell you to give up. If, on the other hand, you’ve already been involved, there’s a good chance you’re experiencing withdrawal issues. This Exo Trade Capital review will show you everything you need to know about the firm, including details about its operations. Read carefully.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||Exo Trade Capital A/S|
|Headquarters Country:||Denmark (allegedly)|
|Minimum Deposit:||300 USD|
|Cryptocurrencies:||Yes – BTC, XRP, ETH|
|Types of Assets:||Forex, commodities, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||Yes|
Can I Trade Safely On The Exo Trade Capital Platform?
The company is said to be a brand of Exo Trade Capital A/S, operating under Danish law. For any firm to establish its Forex and CFD office in Denmark, it ought to have a DFSA license. In addition, the company claims to have been regulated by the UK FCA since 2016 and the US SEC since 2010.
We found nothing about this company after checking all the aforementioned registers and more, including CONSOB, CySEC, ASIC, and BaFin. Just for referral, if any firm wants to operate from the US, they should have an NFA or CFTC license, so it’s clear we’re talking about a bogus brokerage that hasn’t done the basic research.
Reasons Not to Trust an Unlicensed Broker
Unlicensed brokers don’t have to keep your funds in segregated accounts, provide negative balance protection, or limit their leverage. Your funds are not safe as you risk losing them quickly, or the brokerage can vanish with them. Unlike licensed firms, these companies have 0 obligations towards you, and you have no right to be compensated by any authorities.
So Is Exo Trade Capital a Decent Broker or a Scam?
This firm is not a legitimate Forex and CFD brokerage. The company is not licensed in any jurisdiction and operates illegally. Negative reviews indicate that the website cannot be trusted.
Certificate of Incorporation – Company Achievements
According to its website, the firm has a Certificate of Trade issued by the US Securities and Exchange Commission in 2010. Besides, they’ve won a few awards, including the best:
- CFD Broker – TradeON Summit 2020
- Trading Experience – Jordan Forex EXPO 2015
- Execution Broker – Forex EXPO Dubai 2017
Since the website was established in 2022, it’s impossible for the firm to have any of these.
What Do Traders Think Of Exo Trade Capital?
Exo Trade Capital reviews are pretty negative. According to investors, getting a refund from this illicit firm is nearly impossible. You’ll be asked to pay all different fees and commissions in advance, but you still won’t see a penny back even if you do. Everything we read indicates that this company cannot be trusted.
Exo Trade Capital Offers MetaTrader 5(MT5)? – Available Trade Software
According to its website, Exo Trade Capital offers the most popular trading software nowadays – MT5. However, the truth seems to be a bit different. Once we registered an account and tried to access the platform, we were given a basic TradingView chart with several indicators. This bogus WebTrader is nowhere near MetaTrader and cannot be compared. Instead of being given access to social trading, EAs, and all the different perks, you’re getting nothing more than a chart.
Trading Platform For Mobile
While there are links for a mobile app for Android and iOS, this app has no Exo Trade Capital logo. It means the broker took someone else’s app and tried to sell it as their own. Therefore, you have no reason to deal with this scammer. You risk losing your life savings.
Exo Trade Capital Accounts Overview
There are four different account types called plans. You can choose one of the following:
- Basic Plan – $300, expected profit 40-72%, 1 week
- Silver Plan – $1,000, expected profit 40-72%, 2 weeks
- Gold Plan – $5,000, expected profit 40-72%, 1 month
- Platinum Plan – $10,000, expected profit 40-72%, 3 months
While the minimum deposit amount increases, the profit percentage stays the same for all plans. The main difference is the duration of the plan, as each plan expires after a while, and you need to either upgrade the plan or try to get a withdrawal.
Can I Try to Trade With a Demo Account?
Exo Trade Capital doesn’t enable a Demo account. If you want to test their system, the minimum deposit amount is $300. Since this is higher than the industry average, you have no reason to accept the offer. Instead, you can find yourself a legit firm and enjoy fund safety.
Exo Trade Capital Broker – Countries Of Service
This broker mainly operates in:
Note that, despite false claims, the firm is unlicensed and your funds are unsafe wherever you reside.
Exo Trade Capital Range of Trading Markets
The customers can trade in the following markets:
- Forex – EUR/USD, GBP/CHF, AUD/CAD
- Commodities – gold, natural gas, oil
- Shares – Meta, Microsoft, Nvidia
- Cryptocurrencies – IOTA, ADA, MATIC
What Trading Terms Does Exo Trade Capital Offer?
The company didn’t bother providing too many details about trading conditions. Customers don’t have any information about the leverage, spread, or other potential commissions. Thus, the only way for you to find out risks and costs is by investing an initial deposit and enrolling in the trading process. Since we’re talking about unregulated online trading fraud, we advise you to stay away.
Exo Trade Capital Funding and Withdrawal Methods
The broker requires a minimum deposit of $300 and has not specified the minimum withdrawal. It has quite an odd fee structure. According to everything we’ve found, you’ll be charged a fee of 59 EUR when you reach the 10% profit (amount calculated based on your initial deposit). According to the website, it’s a one-off set-up fee, but we’re unsure whether there are any others.
As per payment methods, the company accepts only several cryptocurrencies – BTC, BNB, Tron, and ETH.
Why Is Paying In Cryptocurrency Unsafe?
Cryptocurrencies are virtually untraceable and non-refundable. Therefore, scammers have a significant benefit there. Once you transfer funds from your wallet, you cannot request a chargeback. Instead, you’ll need a crypto tracking specialist.
Scammed by Exo Trade Capital Broker? – Let Us Hear Your Story
If you find yourself a victim of the Exo Trade Capital scam, let us know. Our experts may help you find and recover stolen crypto. While this is challenging, we have had experts in the business for years. And we’re one click away. Book your free consultation today, and let’s recover what’s rightfully yours.
What Is Exo Trade Capital?
Exo Trade Capital is an online financial fraud without any trading license or regulation.
Is Exo Trade Capital a Scam Broker?
The broker is a scam broker falsely claiming to be licensed in the UK and the US.
Is Exo Trade Capital Available in the United States or the UK?
Exo Trade Capital is available in both the US and the UK without licenses.
Does Exo Trade Capital Offer a Demo Account?
The broker doesn’t offer a Demo account, only a platform overview upon registering.