The world of trading can be scary both for newbies and for those who have experience. When you’re dealing with a company for the first time everything is new and you don’t know what to expect. You’re building an image based on a conversation with the agent of a company. That is ok, but be careful. Always look for more information, do your own research, simply because there are a lot of scammers out there who will only go for your money. In today’s article we’re exposing a scammer! So, read full ExIndex broker review.
Yes and here is why. The company is not regulated by any reliable regulatory body. First of all, this broker claims that they are based in London, UK and the main regulatory body in the UK is the Financial Conduct of Authority (FCA). If you check the FCA’s list of licensed companies you will not find any information on Exlndex broker.
The CNMV is a Spanish regulatory body. And here is another red flag for you. Why would a UK-based company draw the attention of the EU financial regulator? This broker can not be trusted.
ExIndex is an unregulated broker allegedly based in London, UK. The company was publicly exposed as a scam by the CNMV. The minimum deposit is 1000 EUR. There is no option for a demo account, but they do offer Islamic account.
He is not. There are no extensions to this. License is there for protection and it’s your safety belt if anything goes wrong. Regulated companies keep their funds segregated from clients’ money, they have negative balance protection and many more measurements that scam companies can only lie about.
Every client is ensured and everything is done by the book. UK brokers must participate in certain compensation schemes and if the company becomes insolvent the clients would receive up to £85 000. ExIndex has none of this. But there is something they have – lies. Because that is what scammers do.
The company operates in the following places:
The company is using two trading platforms, one is web-based and the other is called Active8. WebTrader is automated and is available for iOS and Android devices. According to the website, the Active8 platform is centered around an enjoyable user experience for the client. Ok, that’s all pretty and pink, but things are far from that.
The company is all about being simple and easy, but to compare these platforms with the industry leaders MT4 and MT5 are ridiculous. MetaTrader4 and MetaTrader5 provide a number of features all in order to keep your account safe.
The ExIndex offers three types of accounts:
They don’t have a demo account. The minimum deposit is 1000 EUR and that will bring you micro account advantages while the maximum deposit is 50 000 EUR for a Premium account. The company is also giving welcome bonuses as already mentioned, they go from 10% to 100%. There is a catch with bonuses of course.
ExIndex will not allow you to withdraw the bonus before you reach a certain spot which is a turnover of 30 times the amount of the bonus and your deposit. Absurd! The leverage ratios vary from 1:10 to 1:100. Offering leverage of 1:100 for a Premium account is too risky!
If the company is based in the UK and regulated by the FCA the leverage ratio couldn’t go over 1:30. But this is not a legit broker. Also, we may notice that the withdrawal fees are enormous: $50 for wire transfers, $35 for credit/debit cards, and $25 for ePayments. Still interested in the ExIndex?
The company is offering many trading assets, such as:
This is giving you many options. But you would have to work with an unlicensed broker who is probably going to steal your money. So the trading assets really don’t matter, they can offer anything but the real point is how will you benefit from that. And those who already traded with ExIndex will tell you the only thing they benefited from was stress and despair.
ExIndex is contacting their potential clients via phone, email, WhatsApp, or telegram. They will even make false social accounts and will promote too many ads all over social media. Before you open an account with them the calls will be endless and the support will be perfect. But when they achieve their goal and steal your money they will go silent.
Now you’re going to become the one who will try to reach them an endless number of times, but the answer is always going to be the same.
BExIndex is a so-called brokerage company, allegedly based in the UK. The company is a SCAM and you should avoid them at all costs. But if you already were scammed, there is something you can do, let us know and we’ll take it from there.
They offer three types of account, Micro, Standard and Premium. They don’t offer a demo account.
The minimum deposit for the Micro package is 1000 EUR, that will bring you welcoming bonus of 10% and a leverage ratio of 1:10.
Yes, you can trade both cryptos and CFDs with ExIndex broker. But that is not changing the fact that this is not a legit company.
BExIndex is a so-called brokerage company, allegedly based in the UK. The company is a SCAM and you should avoid them at all costs. But if you already were scammed, there is something you can do, let us know and we’ll take it from there.
They offer three types of account, Micro, Standard and Premium. They don’t offer a demo account.
The minimum deposit for the Micro package is 1000 EUR, that will bring you welcoming bonus of 10% and a leverage ratio of 1:10.
Yes, you can trade both cryptos and CFDs with ExIndex broker. But that is not changing the fact that this is not a legit company.
We hope you enjoyed this blog review on the ExIndex Broker.
The post ExIndex Broker Review – Avoid ExIndex.co Scam At All Cost appeared first on Global Fraud Protection.
