Warning: Is ExMarkets a Scam?
Our experts warn you to avoid ExMarkets (exmarkets.com). It appears to be unlicensed.
ExMarkets (exmarkets.com) Review
Be cautious of ExMarkets (exmarkets.com); it shows many indicators of a scam.
We found that it is located at n. 5, Golden Square, London, UNITED KINGDOM, WF1 9HT, and the support email is no-reply@exmarkets.com.
ExMarkets appears to be a trading firm, but it appears illegal by any credible commission.
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Safety Analysis: ExMarkets
The biggest issue is that ExMarkets (exmarkets.com) has no license from a credible authority.
Investing with unregulated firms is very dangerous. Real firms are always licensed with bodies like the FINRA or FCA to protect investors.
ExMarkets lacks this protection. As a result, there is no protection if they keep your funds. Many investment fraud use unregulated entities, and getting back money from them is difficult without professional assistance.
For example, in the UK, unlicensed firms are not covered by the Financial Ombudsman. In America, they are not part of SIPC, so your capital is at risk.
Warning Signs of ExMarkets
Online trading fraud is evolving. Criminals use manipulation to take your savings. Below are typical methods seen in brokers like ExMarkets (exmarkets.com).
The "Romance" Trap
The "Romance Scam" is a brutal tactic where scammers build trust over months. They build a romance on social media. Once trust is built, they introduce a secret crypto opportunity. It's a trap to get you onto a scam site like ExMarkets.
The "Bonus" Trap
Scammers create websites that mimic real trading apps. You see graphs and profits that go up. But it is a fake. The scammer controls the prices to make you feel rich so you invest more. If you ask for a payout, the "profits" are gone.
Red Flags
- Unsolicited Contact: You get calls from "brokers" you don't know.
- No License: The company has no authorization.
- Guaranteed Profits: They promise huge profits or risk-free trades.
- Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" first.
- Aggressive Sales: Agents push you to deposit more.
Ignore positive ratings. Scammers frequently write their own 5-star reviews to appear real.
Verdict
We advise against ExMarkets. It appears to be a scam. Save your funds and find a licensed broker. Avoid exmarkets.com at all costs.
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