Extl scam broker: analysis of fraud schemes and customer reviews
Opinion
CFD broker Extl claims to offer clients effective ways of making money and comfortable trading conditions. In practice, there are many negative reviews about the quality of its services. We decided to investigate the official website extl.com and respond to client feedback.
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Company Description
Founded in 2017, The Executive Exchange Centre owns the Extl brand. The firm uses the brand in Scotland and beyond. The specific feature is that only qualified professionals are accepted into the team. The best specialists are involved in creating and implementing monitoring and management systems. Together, this allows traders to effectively manage their finances and generate income. Reviews note that the broker attracts psychologists who pressure traders to invest large sums or take out loans.
The Extl office is located in Edinburgh. Clients can contact support by phone in the UK and Russia, as well as via email. Support is available 24/7.
Company Policy
Extl follows the principles of AML. The broker fights money laundering, terrorism financing, and crime. It can monitor client transactions and block suspicious activities. These measures often lead to account and transaction suspensions.
The broker is registered in the UK, but the website is only available in Russian for traders from Russia. The services do not constitute gambling under Russian law.
Extl reserves the right to change contract terms without informing the client.
Trading Parameters
There is no information on trading conditions on the website. Even after registration, only a basic trading platform is available. The personal account has no specific information. There is only trade history and payments.
Deposits can be made with a card. Bonuses of 10-50% are credited for deposits over 250 units.
To withdraw funds, a request must be submitted. Withdrawal is possible after verification and document submission.
Considering the recommendations above, it is worth carefully reviewing the client agreement before opening an account with the broker.
Reviews
Reviews about the company on trading forums are mostly negative. Clients accuse Extl of deception, account blocking, aggressive service, and extortion. Issues with fund withdrawals and threats from the broker are reported.
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Conclusion
Extl is unlicensed, provides low-quality services, and engages in fraud. We recommend reading reviews before cooperating with the company.
P.S.: Avoid cooperation with Ext!
Author: Sasha Chaika
Read also: Europe Markets Review: conditions and feedback.