Rebranding Exon Trade: Investigating Financial Scam Tactics
The realm of financial scammers is ever-evolving, leading to the necessity of rebranding and launching new entities when negative reviews pile up. Exon Trade falls into this category, garnering swift criticism. This hints at the presence of seasoned fraudsters at the helm, relentless in their pursuits. Within this expert scrutiny, we delve into the background of this intermediary and the authentic feedback left by clients.
Insights into Exon Trade
Presenting itself as a top-tier investment firm, Exon Trade claims to have earned the loyalty of significant investors. However, critical details such as the duration of their market presence and achievements remain undisclosed. Our evaluation revealed that exon-trade.org commenced services on January 24, 2023, with initial reviews surfacing shortly thereafter.
Negative feedback abounds, particularly relating to the brokerage’s support services. This comes as no surprise, given the lack of viable communication channels beyond a feedback form and a bogus email address.
Legitimacy Concerns
Exon Trade’s legal documentation is rife with inconsistencies, muddling their credibility. Internal records indicate that Exon Trade LLC, registered in Saint Vincent and the Grenadines (82647 BC2020), manages the brand. It’s important to note that brokerage firms are not regulated in this offshore jurisdiction. Additionally, the official website footer cites Prevail Ltd. as the brand owner, with corresponding registration number 82647 BC2020. Despite the absence of this entity in offshore registries, various reviews mention Prevail Ltd. along with pseudo-brokers like PerfectBrs and Iron Max Group, launched under its auspices.
Operating within the Russian segment, Exon Trade lacks legal authorization. On February 21, 2023, the Central Bank of the Russian Federation blacklisted this entity along with all associated domains (exon-trade.org, www.exon-trade.org, client.exon-trade.org, platform.exon-trade.org), advising against engaging with or entrusting funds to this broker.
Those enticed by lavish offers will ultimately rue their decision.
Commercial Offerings
Promising account activation within 10 minutes for trading access to 250+ assets, Exon Trade omits the option for risk-free strategy testing or demo accounts on its platform. Key trading conditions include:
- Minimum deposit of $200,
- Maximum leverage of 1:100,
- Personalized consultations,
- Some tariffs feature 5 weekly trading signals, VIP bonuses, premium manager services.
Notably absent from their disclosures are details on spreads, swaps, investment programs, and payment discipline.
Former Client Reviews
Customer testimonials on the Exon Trade website are overwhelmingly positive yet lack credibility. The absence of mechanisms for user feedback implies that all testimonials are likely fabricated by the project’s creators.
Independent online platforms feature recent negative reviews, with users highlighting financial pitfalls and monetary losses associated with this firm.
We welcome your opinions! Share your feedback under our review and reflect on personal experiences.
Fraudulent Scheme
Exon Trade represents another fraudulent ploy targeting novices. Seasoned traders scrutinizing the firm’s legal documents will discern its lack of genuine market presence, steering clear of investments in this entity.
Scammers simulate trading activities to extort funds, using technical glitches to deplete deposits or demanding exorbitant fees. Compliance with this pseudo-broker’s demands yields no profit withdrawal prospects. Fraudsters will augment their budget at your expense, leaving accounts blocked with residual funds seized.
Final Thoughts
Exon Trade is just one in a string of deceitful ventures. While names and domains may change, the underlying scam remains constant. Targeting unsuspecting individuals, these con artists make lofty promises for financial gain. Until held accountable by law, they’ll continue their operations undeterred.
I am greatly dissatisfied with the performance of Exon Trade in 2023, as their poor service and lack of transparency have greatly undermined my trading experience.