Top 3 Forex Brokers
Beware Extick is a Non-Regulated broker. It is NOT SAFE to trade.
- Our Review
- Extick User Reviews
- Extick News
Is Extick Scam or Legit Broker?
No, it is not safe to trade with Extick. Extick is a newly established online trading provider, which established its operation in July 2018 and offers CFD and Cryptocurrency instruments. The company states its address in London, UK while the operation is performed through the owning company PPSAI GROUP LIMITED.
- To be able to offer financial services in the UK, a company should hold a license from the well-known FCA. However, this is not the case with Extick, which means that the broker is unregulated and does not have legal permission to provide its services in the country.
About Extick
🗺️ Registered in No Registration 🗺️ Type of License No License 🛡️ Is Extick safe to trade No 🗺️ Recommended Licenses FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 🖥 Alternative Broker GO Markets - licensed by ASIC in Australia
What is Extick?
Extick offers individuals the ability to trade a variety of digital assets through a web-based simple interface of a trading platform.
However, in order to be a legit firm and offer financial investment services to the public, the company should maintain and prove its sustainable positions, as well as apply various rules in order to deliver safe trading conditions.
- All this is established and controlled strictly by the local authority FCA (Financial Conduct Authority), while it is mandatory to obtain an FCA license before you start the trading business. Yet, Extick didn’t bother to receive a license and be authorized. Therefore, it is unknown what kind of business they are doing, and especially how they treat the investors' funds.
- Still, the company is a very fresh issue and there is no evidence or confirmation of their fraud nature, yet the operation with no license is definitely a good start for brokerage.
Extick Review Conclusion
We advise all investors and traders to avoid Extick and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BlackBull Markets.
Extick Update
We found that the Extick website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.
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Absolute bunch of crooks, they have stole millions in a short space of time. What really annoys me is, they keep getting away with it !Crypto trading is like the Wild West, why can’t the authorities or the police shut these crooks down and arrest the people running it ?
I to was scammed by this company over a year ago and they are still contacting me asking me to pay a fee and recover the money. Total scam, I suggest you just string them along and waste their time as well. Bunch of crooks claiming to be working out of Berlin yet the building they say they are working from knows nothing about them.
I too have lost a substantial amount of money $852k and yes they call me to spend another $100k to release my investment. Beware of them , Matt Harris , Dean Smith , James Cramer , Henry Adams, Matthew Roth.
The sheer audacity of them is such that I do have an account with them > If I log in to the account i can see my money there teasing me. I wish i had read the signs earlier and stopped but I was naive and trusting
This is a push payments scam
100% scam. I’ve lost a lot of money with these clowns. There is no doubt they are scammers. I’ve been pushed around for a year and they still call me for more money even though they know they’ve wiped me out! Still trying to play me with false promises. DON’T ‘INVEST’ANYTHING with them. You’ll never see your money again. They have also now had to dissolve Extick and are now trading as ExtickPro which would be hilarious if it wasn’t so serious. There is nothing ‘pro’ about them!