Is Exclusive Markets Scam or Legit Broker?

No Exclusive Markets is not considered a reliable company. The broker is regulated by the Seychelles Financial Services Authority (FSA) with license no SD031. This means that the broker is not regulated under a top-tier authority and does not follow any strict rules and guidelines. 

  • Engaging in trading with unregulated or offshore brokers significantly heightens the risk of experiencing investment losses. In contrast, regulated brokers are mandated to adhere to stringent rules and guidelines, promoting fair and transparent practices. This ensures the protection of clients’ interests and upholds the integrity of the financial system.

About Exclusive Markets
🏢 Registered inthe Financial Services Authority
🗺️ Type of LicenseOffshore license
🛡️ Is Exclusive Markets safe to trade? No
🗺️ Recommended LicensesFCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Exclusive Markets?

Exclusive Markets provides access to a wide range of popular markets, allowing users to trade FX, Indices, CFD ETFs, CFD Bonds, Metals, Commodities, CFD Stocks, and CFD Cryptos effortlessly. The broker enables access to Mt4 and MT5 platforms, available in PC, Web, and Mobile versions, providing flexibility and convenience for traders across various devices. Exclusive Markets offers low spreads and high leverage of up to 1:2000.

Our thorough research uncovered more information and insight into the broker, gaining more details on various aspects of the broker’s operations:

  • Insufficient Regulation: While Exclusive Markets may initially seem attractive due to its favorable conditions and diverse offerings, it’s important to note a significant drawback: its lack of proper regulation. The broker is incorporated under the Seychelles Financial Services Authority (FSA), a jurisdiction known for its less stringent regulations and oversight of offshore brokers. Investing with such brokers carries considerable risks due to the potential for inadequate supervision and protection of investors’ interests. The broker also mentions a payment agent in Cyprus. However, traders shouldn’t be confused by this information, as a paying agent does not mean the broker is regulated in Cyprus (CySEC)
  • Market Manipulation:  In trading environments lacking transparency and regulatory oversight, especially with unregulated and offshore brokers, the risk of market manipulation is significantly heightened. This manipulation can manifest in various forms, posing a threat to clients’ investments. Market data may be unreliable, orders vulnerable to manipulation, and overall trading conditions unfavorable to traders. Such circumstances increase the probability of investment losses and can negatively affect account balances.
  • Customer feedback:  Exclusive Markets reviews are predominantly mixed, encompassing both positive and negative feedback from clients. While some clients express satisfaction with their experiences, highlighting good service, there are also numerous negative reviews. Common complaints revolve around issues such as insufficient withdrawal processes, inadequate customer support, and unfavorable market conditions. These negative reviews raise potential concerns regarding the broker’s reliability and the overall trading experience it provides.
  • Withdrawal Issues: Assessing withdrawal procedures is a crucial aspect of evaluating a broker, particularly in Forex trading. Challenges encountered during the withdrawal process can hinder traders’ ability to access their investments and profits, significantly impacting their trading experience. The substantial volume of complaints against Exclusive Markets concerning its withdrawal process is indeed a cause for serious concern.

Overall Exclusive Markets Ranking

After conducting our investigation, we have uncovered significant reservations regarding Exclusive Markets’ trustworthiness and commitment to regulatory compliance. Therefore, we are unable to issue a positive rating for Exclusive Markets at this time. It’s essential for traders to exercise caution and consider alternative options that prioritize transparency, regulatory compliance, and client protection.

  • Exclusive Markets Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers. See Our Ranking below compared to other popular and industry-leading Brokers.
RankingExclusive MarketsXMFP Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe?NoYesYes
AdvantagesNoneEducationTrading Conditions

Exclusive Markets Alternative Brokers

Given the uncertainties regarding Exclusive Markets’ reliability and security, we strongly recommend traders explore alternative options with stronger regulatory oversight and better trading conditions. Below, we have compiled a list of reputable brokers that offer reliable choices and guarantee a secure trading environment for your consideration:

Deposits and Withdrawals

Exclusive Markets offers a variety of funding methods: Perfect Money, Neteller, beeteller, BERRYPAY, fasapay, dragonpay, nuvei, skrill, BINANCEPay, etc. The minimum deposit offered by the broker is $200

  • Exclusive Markets boasts of keeping its customer’s funds secured with 100% safe segregated bank accounts.
  • The broker doesn’t impose any fees or additional charges on deposits. However, there might be fees charged by the payment method provider.
  • Finally, considering Exclusive Markets’ status as an offshore broker, we strongly advise exercising extreme caution during the withdrawal process to safeguard your investments.

Trading accounts

Exclusive Markets enables traders to choose from the multitude of trading accounts and experience a trading environment with unique benefits. The account options offered by the broker are Exclusive account, Standard account, Standard Plus Account, Cent account, and Shares account. Each account type comes with its own set of features and conditions, and traders should select one based on their specific trading expectations and preferences.

  • All trades for all account types are executed on both the MT4 and MT5 trading platforms. However, trades for the Shares account type are exclusively conducted on the MT5 platform.
  • The leverage for all account types can reach as high as 1:2000. However, for Cent accounts, the leverage is fixed at 1:500.

Exclusive Markets Review Conclusion

After conducting thorough research into Exclusive Markets, significant doubts have arisen regarding the broker’s reliability. The lack of substantial registration, as the broker is solely regulated by the Seychelles Financial Services Authority, raises notable concerns. Additionally, the multitude of negative client reviews serves to magnify these apprehensions.

Therefore, it is highly recommended to prioritize tightly regulated brokers with established reputations and transparent trading conditions. It’s always advisable to select a trustworthy broker holding licenses from reputable authorities such as  FCAASIC, or CySEC. Numerous regulated brokers combine reliability with exceptional offerings, such as Eightcap,  OANDA, and BDSwiss.

  • Overall ranking and experience for Exclusive Marketsis Negative

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