An investor needs to know about a broker before starting to trade with a new fx broker or any other trading platform. If you are planning to trade with Exclusive Markets, you should read this comprehensive Exclusive Markets review. Scam Help Center Team suspects Exclusive Markets as a fraudulent broker. Read the details here.
Website – https://www.exclusivemarkets.com/
Website Availability – Yes
Address – NA
Blacklisted Status – Securities Commission Malaysia
Domain Age Information –
- Name exclusivemarkets.com
- Registry Domain ID 1681282352_DOMAIN_COM-VRSN
- Registered On 2011-10-09T13:20:26Z
- Expires On 2026-10-09T13:20:26Z
- Updated On 2022-03-06T00:47:54Z
Fraudulent Conduct by Exclusive Markets Broker
Exclusive Markets (https://www.exclusivemarkets.com/) promotes itself as a global financial trading platform specializing in forex, commodities, and cryptocurrencies. However, the Securities Commission Malaysia has issued a warning against this platform, stating it is unregistered and unauthorized to offer financial services in Malaysia. Complaints about Exclusive Markets include withheld funds, misleading claims of high returns, and additional fees for withdrawals. The platform’s enticing promises of risk-free investments and substantial profits raise red flags typical of scams. Investors are urged to be cautious and verify the legitimacy of trading platforms with recognized regulatory authorities. Avoid falling prey to schemes like Exclusive Markets and choose regulated platforms to safeguard your investments and financial security.
Red Flags and Negative User Reviews
A key aspect to consider when assessing Exclusive Markets’s reliability is the widespread presence of negative reviews across multiple online platforms. Many of these reviews highlight serious concerns, including difficulties with withdrawals, unresponsive or poor customer service, misinformation, and clear evidence of Romance fraud and other types of fraud. Such reviews present a troubling picture of the platform’s practices and raise red flags for prospective investors. The frequency of these negative experiences suggests significant risks associated with trading on Exclusive Markets. Issues like these can severely undermine a trader’s confidence, highlighting the potential for financial loss or fraudulent activity. Therefore, it is highly advised that prospective investors proceed cautiously when dealing with exclusivemarkets.com. It may be wiser to explore more reliable and reputable forex trading brokers, particularly those featured on the genuine and trusted brokers list, to safeguard investments and avoid unnecessary risks.
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Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of Exclusive Markets’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In a Exclusive Markets review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unauthorized Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other Fraudulent Activities of Exclusive Markets broker
Exclusivemarkets.com seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
Exclusive Markets offers assets that are highly risky and result in huge losses for investors.
Exclusive Markets sales staff continues to call the investors and force them to invest more and more money.
Conclusion- Is Exclusive Markets a fraudulent or legit broker?
Given the regulatory warnings and negative Exclusive Markets reviews, this situation suggests it may be a potential scam. Investors are advised to exercise extreme caution and consider choosing forex trading platforms with proper regulatory licenses and a strong reputation in the trading community.
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Got Scammed by Exclusive Markets? Scam Help Center Is Your Solution for a Refund!
It’s critical for exclusivemarkets.com victims to seek assistance from websites like the Scam Help Center. Recovering your money through a chargeback could be possible if you suspect dishonesty. You should act right away and take careful documentation in order to strengthen your case and accelerate your recovery.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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