Exilon Markets (Exilonmarkets.com) is another cruel Forex broker scam offering fake trading services. ExilonMarkets is claiming to be an STP broker offering unmatched services. If this is true, why are members crying foul over what they term as irregular activities? Members are ruing signing up after being refused to withdraw funds. Why is this broker blocking their own members from accessing funds? Read this detailed EXILON MARKETS Review for more.
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What we found out with this broker is how well they have enticed users to sign up. By using a cloned website, investors are easily led to believe this is a real brokerage firm. Make sure to read reviews before signing up with any online investment platform. After conducting a thorough investigation, what we found out is shocking. Exilon Markets is nothing but a shoddy broker out to cause malice. Stay away from this broker and ignore all their marketing gimmicks urging you to sign up.
By creating a visually compelling website, these scammers are getting unsuspecting members to sign up. In order to understand how this scam has gone deep, some members have lost over $40,000. Most of these members signed up believing this was a way to financial freedom. Make sure to know the truth regarding this broker in this detailed expose. Professional scam artists will use over the moon claims and promises to attract newbie investors. You have been warned against signing up with Exilon Markets.
According to disclaimer at the footer of their homepage, this site is operated by ExilonMarkets. ExilonMarkets is apparently based in St. Vincent and the Grenadines which means they are offshore brokers. Any sane professional trader will tell you to stay away from offshore brokers. Offshore brokers are notorious for breaking industry set regulations and rules. Dealing with offshore brokers means you trust an unknown entity with your funds. Read on to find out more.
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Who are the founding members of this platform? Can users get actual names of people running this website? Lack of this vital information is proof we are dealing with an anonymous platform. Signing up with an offshore broker will lead to more misery as members of this platform are now facing. Any anonymous online investment platform should be ignored and blasted away. Why would you trust funds with an offshore broker? Simply stay away from any anonymous platform.
Disclaimer at the footer of their homepage suggests this platform is registered in St. Vincent and the Grenadines. Investors should know scam artists will do or say anything to make their platforms appear legit. And this is what Exilon Markets is doing with their so called registration number. By using a random number, scam artists are banking on the fact no one will double check. Sadly for them, we have to do due diligence. Exilon Markets is not licensed to conduct Forex trading activities.
In order to confirm our findings, we checked with leading regulatory bodies. International bodies we contacted include ASIC, CySEC, FCA, and NFA. Make sure to stay away from this platform or else face consequences. Dealing with an unauthorized broker opens you up to huge security risks. Some of these unregulated brokers are in league with foreign entities for data harvesting.
Scam artists have ensured depositing funds is easy and fast. By making funding easy, scam artists easily get their hands on your money quickly. Depository channels used by this broker include Bank transfer, credit card, and debit cards. With these channels being available worldwide, most members are depositing in a rush. Before you make any quick decisions, you should learn a few things. Depositing funds with Exilon Markets is not recommended at all! Why?
Withdrawing funds with this broker has been a major issue. Most members have been attempting to withdraw funds without any success. After sending a withdrawal request, their calls go unanswered. Dealing with this broker means we are dealing with an illicit and illegal Forex platform. Why are they refusing to give members access to their funds? Clearly, owners of this platform are up to no good. Stay away from this broker or else become their next victim.
Another disturbing issue we found with Exilon Markets is their MT4 trading platform. In order to test how well their platform works, we decided to download it. And this is where we started seeing some major security flaws. Download took time to complete and setup process stalled. What this means is users are dealing with an unstable platform. Unstable platforms are easy targets for hackers. Lack of proper security measures has made this platform an easy target.
Hackers will target unstable platforms in order to get personal details such as credit information. With your credit information falling into the wrong hands, your bank accounts are not safe. Unstable platforms have been a major security issue with most online trading platforms. Any platform which lacks proper SSL Encryption or DDoS Protection layer should be avoided. Hackers will purchase goods and services online and pay using your credit card information.
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How can funds be safe with a broker who lacks proper security features? What we noticed is this broker fails to have proper protection on their website. Even newbie hackers can crack this platform which makes us question their credibility. Another perturbing issue is how they handle funds deposited by members. Which banking institution do they use to deposit funds from members? Is it possible members are depositing funds straight to owner’s personal account?
Another horrifying issue is when it comes to segregation of accounts. Exilon Markets is merging assets in one account which is not acceptable. Pooling assets in one account is against set industry regulations and rules. Why are they openly putting assets at risk? No member should expect any compensation from this platform. ExilonMarkets does not insure funds as stipulated by law. Stay away from a broker who openly flaunts set industry rules, they are simply unprofessional.
After conducting a thorough research, we can confirm Exilon Markets is a scam. Make sure to mark all their emails as spam and never join any of their affiliate programs. Stay away from this rotten broker or else become their next victim.
Adding this broker to our scam blacklist will aid in protecting our readers. Stay away from this platform as authorities will soon be shutting down this website.
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Wishing all traders a successful trading experience.
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