Score
Exen Markets
Saint Lucia|2-5 years| https://exenfx.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
GermanyContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+382 20 677 887
Other ways of contact
Broker Information
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Exen Markets LLC
Exen Markets
Saint Lucia
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
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| Commission | $5 |
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| Minimum Spread | From 0.6 |
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| Minimum Spread | From 0.8 |
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| Minimum Spread | From 1.0 |
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| Commission | $5 |
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Capital
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Exen Markets · Company Summary
| Exen Markets Review Summary | |
| Registered Country/Region | Saint Lucia |
| Regulation | No Regulation |
| Market Instruments | Spot Metals, Indices, Spot Commodities, Cryptocurrencies, and Stocks |
| Trading Platforms | MetaTrader 5 |
| Minimum Deposit | $200 |
| Payment Methods | Bank Transfer-EFT, SWIFT, Crypto Transfer, Credit Card |
| Regional Restrictions | Not available to residents of the USA, Canada, Germany and Turkey |
| Customer Support | Phone: +382 20 677 887 |
| Email: info@exenfx.com | |
What is Exen Markets？
Exen Markets advertises itself as a user-friendly online investment platform offering a wide range of products for traders. You can trade spot metals, indices, commodities, cryptocurrencies, and even stocks from the US, EU, and Asia. They boast a variety of account types to suit different investment levels.
However, a major red flag is the lack of regulation. Additionally, its services are not available to residents of the USA, Canada, Germany and Turkey.
Pros & Cons
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Pros:
Diverse Market Instruments: Exen Markets offers a wide range of trading instruments, including spot metals, indices, spot commodities, cryptocurrencies, and stocks, providing traders with ample opportunities for diversification.
MetaTrader 5 Platform: The platform is supported by MetaTrader 5, a popular and versatile trading platform known for its advanced charting tools, technical analysis capabilities, and automated trading options.
Free Signals and Analytics: Their expert research staff provides Forex Analysis and Bulletins every morning, offering free signals and analytics to help traders make informed investment decisions.
Cons:
Lack of Regulation: Exen Markets operates without regulatory oversight, which raises questions about the security of funds and the reliability of the platform.
Regional Restrictions: The platform is not available to residents of the USA, Canada, Germany, and Turkey, limiting its accessibility to traders from these regions.
Limited Information: Some details about Exen Markets, such as its fee structure, and trading conditions, are not available, which makes it difficult for traders to fully evaluate the platform.
Is Exen Markets Safe or Scam？
Exen Markets is highly likely unsafe due to the lack of regulation and transparency.
The biggest red flag is the absence of regulation by any financial authority. This means unprotected funds and higher scam risk. Another aspect to consider is the transparency of Exen Markets. The unavailability of clear and comprehensive information about its fee structure and trading conditions indicates risks in its operation.
Market Instruments
Exen Markets offers a variety of market instruments for traders to choose from, providing opportunities to diversify their portfolios and trade in different asset classes.
Spot Metals: You can trade in spot metals such as gold, silver, platinum, and palladium. These metals are traded based on their current market price.
Indices: Exen Markets offers trading in stock indices, which are measures of the performance of a group of stocks from a particular exchange.
Spot Commodities: Traders can trade in spot commodities such as crude oil, natural gas, and agricultural products. These commodities are traded based on their spot price, which is the current market price at which they can be bought or sold for immediate delivery.
Cryptocurrencies: Exen Markets provides trading in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Cryptocurrency trading allows you to speculate on the price movements of these digital assets.
Stocks: Traders can also trade in US stocks, EU stocks, and Asian stocks. Stock trading involves buying and selling shares of a company, with the aim of profiting from changes in the stock price.
Account Types
Exen Markets offers a range of account types designed to cater to traders of different experience levels and investment sizes. All of the accounts require no commissions and support the premium account, 5/24 customer support, and free education.
Gold Education Account ($200 minimum deposit): This account type is designed for traders looking to start with a smaller investment.
VIP Education Account ($500 minimum deposit): The VIP Education account is suitable for traders who want a more personalized trading experience.
ECN Education Account ($1000 minimum deposit): The ECN Education account is the most advanced account type offered by Exen Markets. It is designed for experienced traders who require direct access to the market with no dealing desk intervention.
Trading Platforms
Exen Markets offers the MetaTrader 5 trading platform, known for its advanced features and tools. With MetaTrader 5, traders can access advanced charting tools, multiple timeframes, and a wide range of technical indicators for in-depth market analysis. The platform supports algorithmic trading through Expert Advisors (EAs), allowing traders to automate their trading strategies.
Deposits & Withdrawals
Exen Markets claims to provide a seamless and efficient deposit and withdrawal experience for its traders, with various payment options available to suit different preferences.
To deposit funds into your Exen Markets account, you can use methods such as bank transfer, SWIFT, crypto transfer, or credit card.
Bank transfers and SWIFT transfers involve transferring funds from your bank account to your Exen Markets trading account. Crypto transfers allow you to deposit cryptocurrencies like Bitcoin, Ethereum, or Litecoin into your trading account. Credit card deposits involve using your credit card to add funds to your trading account.
Customer Service
Exen Markets offers customer service via phone and email. You can reach their support team by calling +382 20 677 887 or by sending an email toinfo@exenfx.com.
Conclusion
In conclusion, Exen Markets offers a user-friendly online investment platform with a wide range of trading products. While Exen Markets provides access to the MetaTrader 5 platform, the lack of regulation and regional restrictions pose significant risks to traders.
To prioritize your safety and protect your funds, it's strongly recommended to avoid Exen Markets and consider using a well-regulated broker.
Frequently Asked Questions (FAQs)
Q: Is Exen Markets regulated？
A: No, Exen Markets operates without an authorized NFA license.
Q: What trading platform does Exen Markets offer？
A: Exen Markets offers the MetaTrader 5 trading platform.
Q: What is the minimum deposit to open an account with Exen Markets？
A: The minimum deposit to open an account is $200.
Q: What payment methods does Exen Markets accept？
A: Exen Markets accepts multiple payment methods, including bank transfer, SWIFT, crypto transfer, and credit card.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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