Exilonmarkets.com Review Is Exilon Markets Legit Or Scam

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Exilonmarkets.com Review: Is Exilon Markets Legit Or Scam?

Exilon Markets: this is a Forex broker located in an offshore location, making it impossible to own a reputable license. Is Exilonmarkets.com a scam or a legit broker?

The broker claims to be owned and operated by Exilonmarkets that is registered in St Vincent and Grenadines. Like was stated above, this is not a reputable license worth anything. The address published on the page is:

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

Suite 305, Griffith corporate Center, P.O. Box 1510, BeachMount, Kingstown, St Vincent and Grenadines.

Exilon Markets offers 200 trading instruments and claims that its spreads and leverages are competitive and profitable for trades. Although, the website is made in Spanish, the risk disclaimer section is in English.

Exilon Markets Trading Platform

The brokerage mentions that trader are able to trade using the MetaTrader 4 trading platform which is an encouraging find.

Legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered by the broker is said to be 200 including many commonly traded currency pairs and CFDs on indices, commodities, stocks, and precious metals.

Leverage that is offered can reach a maximum of 1:500 and the spreads published on the page is 1.4 pips.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Exilon Markets

We could not find much information on the means that are opened for withdrawal and deposits this broker, we find this disturbing and highly unusual.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $2,500 is required to trade with this broker, which is very high. Withdrawal of less than $100 is not allowed for clients and those who haven’t traded up to 5 trades withdraw for a fee.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Exilon Markets Licensed?

No. Exilon Markets is an offshore broker and forex trades are not regulated in its location. Further, the address that this broker gives is common and have been used countless times by other scam brokers.

Exilon Markets is also among the brokers that are placed on the watch list of the CNMV, the Spanish authority on forex trading. It is clear that this brokerage is illegitimate.

Support

To contact this broker, dial: +44 (844) 4508623 or send an email to: [email protected]

Conclusion

This is an unlicensed broker that has been blacklisted by the CNMV. Exilon Markets has a high minimum deposit requirement as well.

Traders would not be making a wise decision if they choose this broker with all its faults.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Exilonmarkets.com Review: Is Exilon Markets Legit Or Scam?

Your access to this service has been temporarily limited. Please try again in a few minutes. (HTTP response code 503)

Reason: Access from your area has been temporarily limited for security reasons.

If you are a WordPress user with administrative privileges on this site please enter your email in the box below and click “Send”. You will then receive an email that helps you regain access.

Click here to learn more: Documentation

Generated by Wordfence at Wed, 8 Apr 2020 17:35:22 GMT.
Your computer’s time: .

Exilon Markets Review – is exilonmarkets.com scam or a good forex broker?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Fixed Spread $2 500 1:500 1.4 pips, fixed
PRO $5 000 1:500 from 0.1 pips
VIP $10 000 1:500 from 0.1 pips + $2 /lot

Exilon Markets is an offshore broker offering the accounts listed above. Although the trading conditions seem ok and trading is done on the popular MetaTrader4 platform, we don’t recommend this broker as a trading partner. Read the full review to see both the strong and weak sides of this broker and why we ultimately gave them this low score.

Exilon Markets Advantages

Attractive spreads, up to 1:500 in leverage

Exilon Markets offers up to 1:500 in leverage, which is typical for offshore brokers. We consider the availability of high leverage as an advantage, as some traders enjoy using such. Yet, keep in mind that the higher the leverage, the greater the risk, and this is the reason why the leverage available to retail clients is restricted in most jurisdictions.

Another possible benefit of Exilon Markets is the seemingly low cost of trading – spreads fixed at 1.4 pips on majors are lower than most fixed-spread forex brokers offer, and the floating ones are even better. Then again, the cost of trading is not the most important thing to look for in a forex broker. Instead, we urge traders to focus on the company’s reliability, which means a license issued by a trustworthy financial authority.

As we already mentioned, the platform of choice at Exilon Markets is the good old MetaTrader4 (MT4). The MT4 hardly needs and introduction, as most traders know it and praise it for its ease of use, reliability, and advanced functionality. It is very popular for its top-notch charting and automated trading bots, called Expert Advisors

Good selection of assets

Another potential advantage of Exilon Markets is that the broker offers good selection of assets for trade. It includes many currency pairs from all over the world and a wide variety of CFDs, including indices, commodities, precious metals and stocks. It seems that only cryptocurrencies like Bitcoin are missing from the broker’s product portfolio.

Exilon Markets Disadvantages

Registered offshore, blacklisted by the CNMV

Exilon Markets allegedly owned and operated by Exilontrade Ltd., a company registered in St. Vincent and the Grenadines. This offshore zone is a popular forex broker destination for providers looking for low registration fees and taxes, as well as freedom from all kinds of regulatory requirements and oversight.

In other words, brokers in this offshore zone are not subjected to a licensing regime, nor to any oversight on the part of a governmental agency. That is why offshore brokers are not entitled to operate on heavily regulated financial markets like those in the USA, Canada, the EU or Japan.

Yet, many of them target residents of the above-mentioned countries, and we found out that Exilon Markets is no exception to that. The broker is blacklisted by the Spanish financial watchdog, the CNMV. This is a sign of trouble because the broker obviously targets European investors without being authorized. What is worse, in most cases financial regulators issue warnings against unregulated brokers after they have received complaints and alerts from traders who have fallen victims to scams.

Demo spreads too good to be true

When we tested the broker’s MT4 in demo mode, we found the benchmark EUR/USD spread floating around 0.1 – 0.2 pips, and no commission whatsoever applied.

Exilon Markets’s demo MT4. Click on the image to view larger.

Actually, spreads that low are just too good to be true. We suppose that the spreads on live accounts are higher, or commission applies. Yet another possible explanation is that this broker is simply a scam and manipulates the platform, so check out the link below.

MT4 provided by a third party

Another disturbing fact about Exilon Markets is their its platform is provided by a third party, PHP Financials Solutions Inc. (See the image above). This is a worrisome sign because 4xbanks uses MT4 provided by the same company, and this broker is related to the notorious Up4x group.

Extra fees, minimum withdrawal set

We also found out that clients of Exilon Markets cannot withdraw less than $100, and those who haven’t executed at least 5 trades, are charged with extra withdrawal fees. This is not a common practice among forex brokers, and is certainly unfavorable to traders.

Conclusion

Exilon Markets is an offshore broker that obviously targets Spanish-speaking investors. While the trading conditions seem fine, this broker lacks a lot in terms of reliability – it doesn’t hold a legit license and was blacklisted by the authorities in Spain as a potential scammer. All in all, traders should direct themselves to better trading options to which we have linked throughout this review.

And finally, here is a summary of this review of Exilon Markets:

Pros Cons
Generous leverage, attractive spreads No financial regulation
MT4 available Spreads too good to be true
Good selection of assets MT4 provided by a third party
High initial deposit
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading Secrets
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: