Exorays Review – Low Budget Scam Using Recycled Site Template
Prioritizing clients’ needs doesn’t mean being untransparent and lying about regulations and quality of services offered. With the help of cheap swindling techniques, this textbook fraud will capture your attention and spark interest for investing in their unscrupulous scheme.
It’s highly recommended that you read our Exorays review in case you’re still pondering on whether to invest here or not. Our findings might shock you, so read on.
|Regulated by:||Unregulated Broker|
|Is This Company Safe?||No, due to the lies and missing licenses, we cannot consider this firm to be safe.|
|Have Warnings from:||N/A|
|Registered in:||UK (alleged)|
|Trading Platforms:||Web Trader|
|Trading Assets:||Forex, Crypto, Stocks, Indices, Commodities|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Withdrawing options are locked by the cons! Please refer to our recovery service for help.|
Doubt Surrounds Their Legitimacy
While the website will have you believe you’re dealing with an internationally acclaimed brokerage brand, none of the essential corporate details are revealed. You won’t get to learn what is the company name that runs the website or where they operate from. Legal docs have omitted this information as well.
Our only starting point was a UK phone number, which may as well be fake considering that no firm under this name appears in the register of the state regulator – FCA. Since there’s no sign of a proper Forex license in the databases of BaFin, CySEC, NFA and ASIC, either.
After such a turn of events, it is only expected to conclude that the conduct is an illicit cyber scheme without fund safety ensured and directed at naive Forex rookies to lose money on. Grandva Capital is also unlicensed to offer any of the services they’re trying to sell, so beware of them, too.
How The Fraudsters Operate
The exorays.com website is currently the latest of the cons that use this particular pattern, having been launched in June 2023. There’s no doubt there will be others in time, so keep your guard up especially if you’re from one of these nations:
- United Kingdom
The operation run on Exorays scam site and its sister sites mostly revolves around boiler room agents, same as TradeOgre does. These agents go through the phonebook, and impersonate financial experts that allegedly have insider knowledge on the market shifts.
They often pester their marks for days on end, stooping as low to threaten and extort them for the money. All of the funds get stolen, and recovering them becomes a difficult legal process that requires expert help.
Masking The Truth
There’s a mixed bag of different opinions on online ratings sites like TrustPilot. It’s not uncommon for traders to have mixed opinions about a regulated company, but here we can see only 5 star and 1 star ratings, with no scores in between.
The reason for this is rather simple: the 5 stars are fakes, posted by review seller networks in an attempt to hide the truth about the fraud. It wasn’t difficult to notice how all of the comments that are critical of the firm complain about the all too familiar fraudulent strategies.
Trading Terms Stereotypical For Frauds
Many unscrupulous online trading portals offer some extreme trading conditions that are advertised as beneficial for the traders. On the contrary, these values can only push you into loss quicker.
Although the maximum leverage ratio is not revealed, account types describe “standard and higher” leverage options depending on deposits. From inside the platform, we detected a ratio of 1:100 for Forex and 1:2 for crypto.
The same veil of mystery envelopes the trading costs and commissions. Trying to appeal to traders as a highly reliable provider, the site claims no trading costs and involved and the spreads featured are lowest on the market and that is all.
Below Average Features
Nothing that this stockbroker has to offer will bring you any profit. From the defunct platform to non-transparent trading conditions and faulty account types, there’s nothing to invest in. Here’s our take on things.
The Exorays platform is a real cliche, found on an abundance of fraudulent websites oriented towards deceiving investors into depositing. Data manipulation is easy and creates a trading vacuum where victims are led to believe they’re accumulating profit, while no trading happens at all.
After accessing the trading room, we attempted to place an order. However, the useless terminal would not allow any action to be taken. It’s not just that the deposits are mandatory, but the fundamental functionality of this software is questionable at best.
Default Asset Types
Seeing this same web-based terminal provided by various financial frauds, the only instruments available are built-in and come with the platform:
- Stocks (3M, Ford, Disney)
- Crypto (BTC, BNB, ETC, LTC)
- Indices (Nasdaq, Dow Jones, DAX)
- Currencies (EUR/USD, USD/CHF, EUR/JPY)
- Commodities (Cotton, Sugar, Coffee)
Astronomical Account Deposits
The company offers the following tiered account types:
- Standard – $5,000
- Advanced – $25,000
- Pro – $50,000
- Premium – $100,000
- VIP – Special approval only
The increased cost of more expensive Exorays account types is allegedly justified by multiple trading benefits. These in theory include higher leverage, and “may have” lower fees than the cheaper types.
With no demo, it’s impossible to test the trading environment if you’re not willing to cough up $5,000 beforehand.
Payouts Are Not Possible
The entire platform is completely opaque when it comes to conditions for Exorays withdrawal. The Terms and Conditions mention withdrawal only once, in a nonchalant manner like it’s nothing of importance.
Knowing how these schemers operate, it’s clear that they never intended to release a single penny back to the investors. The money is not lost until you give up on it, however. Get help from our legal team, and file a chargeback today!
At first, you’ll see the website advertising a diligent support service with an email, phone and online form as a method of getting in touch. Unfortunately, there’s no live chat, physical office address or callback. In that sense, the communication channels are quite limited. Moreover, you cannot expect a cyber thief to reply to your appeals and help inquiries.
Get Your Money Back With The Help Of Our Experts!
This so-called broker is just another in the series of identical copycat con schemes. The website is far from what you’d call transparent, and lacks all of the crucial information which you’ll find openly disclosed with any regulated company.
All that you see is just a front for predatory activities, with no redeeming qualities. If you’ve invested with this group, get in touch with our expert team via the live chat. We are available 24/7, and our first consultation is free.
What is Exorays?
This is a shady brokerage service provider that operates similarly to a number of proven scammers.
Is Exorays a Regulated Trading Broker?
No, the platform is not regulated by any financial authority and displays typical criminal behavior.
Is It Possible to Recover Funds From Frauds?
If you’ve lost cash to money laundering schemes, please promptly contact our legal experts for advice.