Exprime broker promotes their outstanding services but without any credibility. Primarily, the company doesn’t share any ownership information whatsoever. Therefore, traders are left without information about the holders of their invested money.
Consequently, you can’t be sure about any protection with this broker. But if you are thinking to invest here, read this Exprime review carefully to find out why not to invest.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Exprime.com |
| Have Warnings from: | CNMV, FSMA |
| Registered in: | N/A |
| Operating since: | 2001-03-15 |
| Trading Platforms: | QBX Technologies |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | $100 |
| Deposit Bonus: | Not available |
| Trading Assets: | Forex, Crypto, Commodities |
| Free Demo Account: | Yes |
| How to Withdraw from This Company? | Since the company most likely won’t give you a withdrawal you should contact your bank or regulators as soon as possible, but the fastest way is by contacting our professionals for advice. |
Legal info: Is Exprime legit or a scam?
The company doesn’t share any address information as well. Not even in their poorly written terms and conditions. In these cases, we often look at Tier 1 regulatory databases. Such as FCA, BaFin, ASIC, CNMV and CFTC.
With shady brokers like Exprime.com, the outcome is as expected. The company is not listed anywhere as a regulated entity. On the contrary, it’s marked as a scam by the Spanish CNMV. Consequently, FSMA followed their lead and republished the warning.
Who are Exprime clients/victims?
As we can see, the Exprime scam broker doesn’t have any limitations. They are scamming traders from:
- Brazil
- Mexico
- Spain
- Colombia
- United States
With shady adverts and presentations, they are trying hard to get your trust. But with warnings from trusted regulators, their reputation will swoop. Let us hear about your experience with this broker and help you find a way to recover the money.
Traders Reviews
A huge warning sign screaming that it’s a scam is Exprime reviews. If you look only on Trustpilot there are already 11 reviews about the broker.
However, more than 80% of those are negative ones. Mainly from traders in Spain and Germany. Generally speaking, in case you found yourself in similar situations feel free to reach out to us. Our specialized team can assist you in the following steps to recover your money.
https://www.trustpilot.com/review/exprime.com?languages=all
Leverage, Commissions, Spreads, Fees and Taxes
The company trades with customers from highly regulated countries. Yet, their trading conditions don’t match those. The leverage highly exceeds the maximum allowed and goes up to 1:400.
Thus, that’s all you can find out about the trading costs. Simply because the broker didn’t dare to share all their costs like spreads, commissions or fees. On top of that, there is no transparent access to the trading software to check those.
Bonuses
The company doesn’t reveal any information about bonuses. However, they are not a licensed broker and you can expect anything from them.
Especially after you realize that they don’t share any relevant information. They might be hiding that as well.
Exprime Trading Features
In general, whatever an Exprime scam broker offers is speculative. They don’t back up any of their promotions with funds protection features or regulations. Neither with user-experience reviews.
Just compare it with any other Tier 1 licensed broker and you will see the difference.
Trading Platforms Available
Another key fact is Exprime trading software. They advertise Meta Trader on the website. However, all the links lead to QBX Technologies.
This is a kind of proprietary trading app that has only 100 downloads in PlayStore. In any case, can’t be compared to industry-leading software like Meta Trader or cTrader. Which has more than 10 million users each.
Available Trading Assets
Yet another downside of this broker is missing key instrument classes. The company doesn’t offer stocks and indices CFDs. Instead, you can only trade with:
- Forex USD/EUR, EUR/SEK
- Commodities Gold, crude oil
- Cryptos BTC, ETH, XRM
Account Types
With Exprime broker you can only have live and demo accounts. In this case, only a $100 minimum deposit is required. However, the broker is not reliable and even that is too much.
Demo Account
The demo account is available with Exprime scam broker. Allegedly. But once you want to open the demo account you have to complete a full registration form.
Which is a standard scamming tactic to get your contact details. Afterward, you can forget about the peace because these swindlers will harass you relentlessly.
Education
Educational programs are standard packages with regulated brokers. However, with Exprime you can’t have even that. Only a few analytical tools are available and that’s it. That tells you how much the broker cares about your development in the trading world.
Exprime Withdrawal
Another key sign of an investment scam is a lack of transparency about funding options. The broker doesn’t share any funding methods. On top of that, there is no information available about processing time or fees.
If the deposit is problematic, what to expect then for withdrawals? Even worse scenarios are because the broker doesn’t have a transparent withdrawal policy. Therefore, they can make up any reason to decline your withdrawal request. The most common excuse is incomplete documentation or non-existent fees. Be aware of those with any shady broker and don’t fall for tricks.
Customer Support
In general, what defines a good broker nowadays is accountability. If you can rely on their professional support every issue is solvable.
However, that’s not the issue with Exprime scam broker. The only contact options are e-mail and a hidden phone number. Even though broker promotes social networks like Facebook, Twitter and Linkedin those don’t exist.
Key Information To Consider About Exprime?
The key thing is to avoid this broker at all costs. They are not regulated and don’t provide any protection for its traders. On top of all, there is a warning from a trusted regulator against them. But if that’s not enough, check their reviews and you will quickly realize why not to trust them.
If you already did, let us know what happened. But also if you had withdrawal issues with any other broker. Our expert team can help guide you through the chargeback process or even assist you to track crypto transfers if needed. Yes, CipherTrace is our magical tool. Book your first consultation with our team already today!
FAQ Section
Is the Exprime Legit?
No. Without a trading license, ownership information transparency and with a warning from the regulator company is not considered legitimate.
How Can I Delete My Account in Exprime?
Once you log in to the account you have the “My accounts” section where you can completely deactivate your account.
What Should I Do If I Have an Exprime Problem?
Primarily you should try to withdraw the money as soon as possible. If you have issues, contact our expert team for assistance in the refund process.
