exolid.com Reviews (Dec2022) Why Exolid.com Is A Suspicious Broker

Exolid FX

Exolid FX, an offshore brokerage company, has a lot to offer traders. According to the broker’s address, it is located in London (UK). Exolid.com claims that it is “under the supervision and registered in the UK FCA” as well as being “under the supervision and management of the UK Financial Conduct Authority”. You will see this.

You can also choose from different types of accounts – please see below

The broker also offers different instruments such as forex, stocks and commodities, bonds, and indices. It also offers a zero spread difference between Buy/Sell.

Deposit or Withdrawal

Exolid Minimum Deposit:

Based on account type, an exolid minimum deposit of $250 is indicated. A minimum deposit of $100 is one indicator that a Forex broker is genuine.

The broker says that they accept credit/debit cards payments. This broker is risky so be cautious and avoid making payments. Be careful!

Withdrawal Process

Exolid withdrawal FX does not provide any information about withdrawal fees or processing times. If the bonus account was opened, the broker does not provide any details about trade requirements.

Exolid Platform

Exolid platform FX is a web-based trading platform, and not MT4 (Industry standard trading platform), which makes it even more dangerous to trust this broker. Scammers use trading software to trick their victims into believing that they are investing their money.

Leverage is a subject that cannot be ignored. We say that you should not do business with unregulated forex brokers like this one as it could lead to your losing your money.

Why Exolid.com Is A Suspicious Broker

First, Exolid.com does not have a financial authority that oversees its financial services. This is one of the most common yet ambiguous statements made by scammers. Our search did not yield any results for this broker on the Financial Conduct Authority, FCA Register, or UK licensing.

This broker doesn’t offer a money back guarantee, which means that trading on this platform is a risky business. Your money will not be refunded.

Forex traders should be aware of these drawbacks in order to avoid losing their money by dealing with a scam broker. Before depositing funds for trading, it is a good idea to check whether the broker has been licensed and regulated by financial authorities.

Regulation and Exolid Licensing

This broker is not licensed. This broker is not subject to any financial regulation, which makes it risky to wire your money for trading. Unlicensed or unregulated activities are a red flag that must be avoided.

COMPARE TO A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker located at Michelin House 81 Fulham Road London SW3 6RD, United Kingdom. Fortrade is one of the most respected brokers in the business, offering trades in a variety of assets, including stocks, commodities and currencies. Fortrade is licensed and regulated by both the FCA (Financial Conduct Authority), in the UK, and ASIC in Australia. Client funds are safe. They are open to traders from all over the world. Visit their official website

Conclusion:

Exolid FX, located at exolid.com, claims to be a trusted trading broker. However, this cannot be confirmed. We would recommend traders avoid this broker due to the possibility that it is a scam platform. We urge readers to trust licensed brokers such as this.

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