Do you think you can trust a broker who supposedly operates under the jurisdictions of Switzerland and the UK but doesn’t have a license? Meet Exton Global – a CFD broker offering margin trading with a wide range of assets across various market classes. The company’s motto is: “Opening the door to the best and most lucrative trading opportunities”. It sounds motivating, but one shouldn’t believe everything that’s written. There aren’t many reviews online, licenses and legal documents are missing. What exactly does this organization represent? Perhaps a scam? Let’s find out.
Table of Contents
Highlights
| 🏛️ Country | United Kingdom, Switzerland |
| ⚠️ Regulation | – |
| 🖥️ Website | https://www.extonglobal.com/, https://www.extonglobal.co/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | $250 |
| ⚖️ Minimum and Maximum Leverage | 1:200 |
| ⚙️ Trading Platform | WebTrader |
| support@extonglobal.com | |
| 📞 Phone | +441536650044, +41225013286 |
First Impression of Extonglobal.co
At first glance, one might think that the official website is well-made and professionally crafted. However, upon closer inspection, it appears as a typical broker website. Standard sections at the top of the page provide basic information about the company and its trading conditions, interspersed with a list of platform benefits and images of traders in suits sitting behind screens with charts. It’s the kind of site you see with every other broker. Moreover, most companies that use such layouts and designs tend to be fraudulent. Will this time be an exception? Unlikely.
There aren’t any mistakes or typos on the site, but it clearly lacks detail and specificity. Many conditions and benefits are only superficially described, leading to even more questions. Users literally have to sift through vast walls of text to find any bit of useful information or relevant data. Such an approach indicates that Exton Global doesn’t know how to present the most essential information to their clients effectively. It’s hard to label a website as unique or of high quality.
Partnership and Bonuses
The firm offers various bonus promotions, for example, a welcome bonus for all new clients. There’s also a loyalty program for regular traders. Based on the available information, it seems Exton Global doesn’t have an affiliate program, as there’s no mention of such an opportunity on the website. It is quite peculiar since an affiliate program is an excellent way for a firm to increase its user base and also provides an additional income source for clients.
Account Opening on Extonglobal.co
The registration process starts by entering your first and last name, email, and phone number in a separate section on the main website page. After clicking on “open live account”, the system redirects you to the standard registration page. Here, users need to further specify their country of residence, and account currency (USD, EUR, GBP, or BTC), create a password, and agree to the terms. Interestingly, Exton Global doesn’t even require users to verify the provided contact details, which poses a significant security flaw for the account.
After completing the registration, the user is directed to their personal cabinet. The interface is rather straightforward and user-friendly. The project doesn’t offer a demo account, so one would need to deposit real funds to test the platform and its services. It is a significant drawback since any reputable and transparent broker typically provides this option.
Clients can modify their personal information, review trade history and monetary transactions, deposit funds, request withdrawals, and upload documents for KYC. From the dashboard, there’s access to the WebTrader and an option to download the platform onto your computer.
Verification
Exton Global adheres to the AML & KYC policies, making account verification mandatory. The company requests users to upload documents that verify the trader’s identity and residential address. Additionally, a photo of the bank card is required. The reasons for these requirements are detailed in a specific AML & KYC document.
- It’s convenient to upload documents.
- Exton Global requires a photo of the bank card.
Trading Software
The trading terminal supports any web browser, and there’s an option to download it for PC. However, we didn’t take the risk because it’s uncertain what’s concealed within the .msi file. It could potentially contain a virus. We advise against downloading unfamiliar files and running them on your computer as it might pose a threat. There are no mobile apps available for Android/iOS, but this platform is optimized for mobile browsers. Even though one can access the terminal from a smartphone, it has to be done via a mobile browser, which brings additional inconveniences.
The platform seems rudimentary. We’ve encountered similar trading terminals with other brokerage firms, many of which turned out to be fraudulent. It is a significant downside for Exton Global.
The terminal allows users to utilize tools for technical and graphical analysis, and indicators, and to alter the timeframe and view of charts. Moreover, traders can create lists of favorite assets and use not only market orders but also pending ones. The platform’s interface is available in more than 10 languages. It’s worth noting the absence of auto-trading and the option to upload custom indicators and settings templates. This kind of trading software cannot be considered comprehensive or flexible. The platform is likely unsuitable for serious trading.
| Features | Exton Global | ModMount Ltd | NLM 86 Limited |
|---|---|---|---|
| Demo Account | ❌ | ✔️ | ❌ |
| Mobile App | ❌ | ❌ | ❌ |
| Own Development | ❌ | ✔️ | ❌ |
How Can I Trade With Exton Global?
In front of us is a CFD broker, so trading is conducted exclusively with this instrument, while spot and futures assets are absent. Available markets include forex, metals, indices, stocks, commodities, and cryptocurrencies. It also offers trading with leverage, which is capped at 1:200.
All Info About Accounts
We couldn’t find a standard set of tariffs at Exton Global, which suggests the broker likely offers a single account type. It is a rather unusual practice. As mentioned earlier, there’s no demo account available, but there is an Islamic account.
The minimum deposit to start trading is $250 – a high amount and also typical for forex scammers. Why not introduce a minimum entry threshold, for instance, $10? Or offer a cent-based tariff so that beginners can try out the service with a small amount they wouldn’t regret losing? Clearly, the company is trying to extract as much money as possible from traders. It’s also worth noting that Exton Global does not charge commissions, hinting at a Dealing Desk business model where this is standard. Clients pay only the spread, the size of which is also unknown. When using the B-Book business model, the firm would have an interest in traders’ losses, as this would be its profit.
The broker barely discloses its terms, making it opaque and secretive. Exton Global operates as a dealing desk, and the 1:200 leverage suggests a lack of regulation. After all, a regulated company isn’t allowed to offer such high leverage, as regulators prohibit it.
- None.
- High minimum deposit.
- No demo account.
Market Analysis and Education With Extonglobal.co
Additional services at Exton Global include technical support, an educational academy, and trading signals. The educational section consists of e-books, videos, FAQs, and a glossary. Clients also have access to webinars dedicated to significant events in the financial world. There’s an economic calendar, risk-free trades, and market news.
Deposit, Withdrawal, and Fees
Deposits and withdrawals are possible via electronic wallets, Skrill and Neteller, bank cards, bank transfers, and cryptocurrencies. The processing time for requests takes up to 48 hours, followed by an additional period that depends on the payment method. Transaction fees are not specified.
| Features | Exton Global | Fine Capitals | Henderson Palmer |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ❌ | ❌ |
| Electronic Payments | ✔️ | ✔️ | ❌ |
| Crypto Transfers | ✔️ | ✔️ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ✔️ | ❌ |
How Can I Contact It?
The broker provides several contact details: an email and two phone numbers (Swiss and British). Also, in the “contacts” section, there are icons of social networks, but they are not clickable. Apparently, Exton Global forgot to create accounts on social media. By the way, there’s also an online chat for prompt communication with managers.
- There’s almost a full range of ways to make contact.
- There are no social media accounts, despite the presence of Facebook, Linkedin, and Twitter icons.
Is Exton Global Dangerous?
So far, no significant red flags have been identified. However, the broker operates under a dealing desk business model, which is a considerable downside, but it’s not enough to draw a final verdict. Therefore, we will further investigate the company’s operating period and its legitimate status.
How Long Does The Broker Work?
The operating period of any brokerage firm is very crucial. The longer the operation time, the more reliable the organization is. Unfortunately, Exton Global does not specify when it was founded. However, one can look at the domain registration date to roughly understand when the platform was launched. The website’s domain was registered in May 2023, which means quite recently.
Thank goodness, the regulators are not napping. Scammers are forced to change their domains and that’s exactly what happened. We highly recommend https://www.extonglobal.co/ registered 2 days ago, May 6, 2024! (Of course we not.)
How Is It Regulated?
The website lists two offices: the UK and Switzerland. Well, it means we need to check the registers of FCA and FINMA to see if the broker holds licenses. Exton Global is not mentioned in either the FCA or FINMA registers.
Moreover, the company claims to be regulated by the Market Securities Insurance Commission, which is officially registered in the United Kingdom. Google does not know of such a financial commission. Furthermore, the Companies House register doesn’t list such an organization. Its domain, msi-commission.com, was only created in March 2023. Most likely, Exton Global fabricated this regulatory body and self-issued a license. We want to remind readers that only strict and relevant licenses should be considered. If a broker operates in the jurisdiction of the UK, the only license they are required to have is from the FCA.
| Features | Exton Global | Squire’s Finance Limited | RannForex |
|---|---|---|---|
| European Zone | ❌ | ✔️ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
How to Trade With Exton Global?
Is Exton Global Legit?
How Risky Is It?
Kevin Berry Here’s a perfect example of a scam broker. Fraudsters made up a license for themselves, invented offices in several countries, and spread nonsense about advantages and trading conditions. Exton Global is a classic scam project that steals money from traders. It can’t be any other way, since we’re looking at a dealing desk, which can only profit when clients lose money. There’s no doubt that they’re set up to make users lose. It’s better to find a transparent and proven broker than to risk your money in a guaranteed scam trap.
Exton Global rating
12 reviews about Exton Global
There’s no doubt that these are thieves and criminals. Any money invested here will be stolen. Stay as far away as possible from these scammers.
Please, do not register or deposit money with Exton Global because it’s a fraud trap, one that I fell into. I invested $1500 and lost every single penny. I lost a portion of the money through trading because the terms here are very unfavorable. The scammers refuse to return the rest.
I’m at a loss for where to turn, as this organization isn’t listed in the FCA and FINMA registries. I wanted to lodge a complaint with financial commissions, but they don’t oversee this company’s activities since it doesn’t truly exist. It’s some sort of fraudulent entity, a fake broker in other words.
I believe it’s better to steer clear of Exton Global, as the consequences could be dire, mainly – losing your money. It’s unlikely that this fake broker, which provided fake addresses and a fake license, will operate honestly and transparently. There’s no way they can claim transparency when even basic legal documents are missing. Is it that hard to provide registration documents that confirm the existence of a legal entity in the UK and Switzerland? I also find it hard to believe that a British broker doesn’t provide financial statements and doesn’t have a license from the FCA. It’s pure deceit. If you see a company listing an office in London but isn’t registered with the FCA, it’s a scambroker. There’s no other explanation. Exton Global is a fraud project.
Walk away! This fraud broker will steal your money if you transfer it to these scammers! There’s nothing good, safe, or reliable here. Trust my vast experience! You’ll lose money here!
Scam! I lost a great deal of money. They trick you into investing and taking loans with them in order to invest quickly. They have a good story. At first this costs nothing, in the end you have to pay the ‘debt’. If you try to withdraw your money, you have to pay the ‘commission fee’ they never mentioned. STAY CLEAR FROM THESE SCAMMERS!
Danke für die ausführlichen Recherechen. Beinahe hätte ich einbezahlt und der “Finanzmanager” hat mir 200% Bonus auf meine Ersteinlage versprochen. (Beispiel Einzahlung 3000 EURO, Bonus 6000 EURO, Startkapital also 9000 EURO). Leider/Gott sei Dank – hat der Einzahlungsprozess gestreikt, was ein Beleg dafür ist, dass die Firma über keine solide und unproblematische Finanzierungskanäle verfügt. Jede “saubere” Bank wird Überweisungen an solche Firma blockieren; glücklicherweise.
I’m confused. This is the only negative review of Exton I’m seeing online. Your inaccuracies lead me to believe that you are fake news and fake reviews. All poor reviews while everyone else has good reviews.
Exton DOES NOT require a photo of bank card!
Deposits are always done in less than 24 hours and there’s no fee. I received 2 deposits already.
Also, the MCI regulatory commission has been in operation for 8 years now, it was not started by Exton this year.
Markets Insider article: The Market Securities Insurance Commission, consisting of independent industry experts and professionals, has effectively resolved Crypto and Blockchain cases for over eight years. They have become an authoritative body as a self-governing organization with rules, regulations, and a thorough broker verification process.
Please, do not register or deposit money with Exton Global because it’s a fraud trap, one that I fell into. I invested $1400 and lost every single penny. I lost a portion of the money through trading because the terms here are very unfavorable. The scammers refuse to return the rest.
Ik heb een belegging gedaan van €250 , ik wil er mee stoppen, maar waarschijnlijk krijg ik niet mijn geld terug, maar dit bedrijf gaat wel lekker door met mijn geld. Wat moet ik doen, om dit te stoppen
scam real scam
not withdraw
There are two types of payments,
3% – platform fee
10.5% – Trading fee
Your total winnings are 4,541.08 euros and if we calculate 13.5% of the commission from the total winnings, you should pay 613 euros.
Send me a payment confirmation of 613 euros so we can send the money to you.
This company should be avoided at all costs, they sweet talk their clients and show good returns on-line
but there is no substance to what appears on the screen. The advisors [in my case Jason Walker, probably fictitious] are not to be trusted. On requesting a withdrawal of funds the tone and attitude immediately changes,
money disappears. Poor example of a human being!
Hands off! They are scammers! I invested 7000 euros and got nothing back. They always have an explanation ready as to why you don’t get anything back: Taxes, the money hasn’t arrived, waiting, etc.
My broker’s name was / is Ethan Berg +44 7355 140683.