EXXI Capital (Exxicapital.com) is another Forex scam platform which must be exposed for their fraudulent services. EXXICapital is claiming to offer members a welcome bonus of around $69 and a 100% welcome bonus. And this is the reason newbie traders are signing up not knowing the end results. Before signing up to any online investment platform, make sure to do some research. Read this detailed EXXI CAPITAL review for more.
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Most members are ruing signing up with this broker after their withdrawal requests go unanswered. What we noticed odd was the many email complaints sent by members regarding this platform. By early last week, we had received over 20 email complaints from members who were crying foul. Why did these investors sign up with this broker in the first place? To understand how members signed up, you need to know why. Why are newbie investors signing up?
Professional scam artists know for a fact we all want to make an extra buck or two. Whoever signs up with this broker will most likely lose their deposits. Scam artists prey on the weakness of investors by claiming to offer a way to financial freedom. By offering empty claims and promises, newbie investors are led to believe this is a real brokerage firm. Cloning a website is another trick professional scam artists do in order to attract users. Read on to find out why signing up with EXXI Capital is highly risky.
According to details found on their website, they claim to have offices in Malta. What they fail to do is post actual details of their physical address. Who are the founding members of this platform? Why can’t users get any information regarding names of actual people running this website? A brokerage firm with this kind of anonymity level should be shunned by all. Make sure to stay away from this platform as it’s shrouded with anonymity. Who is the CEO or CFO of this platform?
Another disturbing issue we found with this broker is in regards to their location. For all we know, these could be offshore brokers pretending to be based in Europe. Offshore brokers are notoriously known for flaunting set rules and regulations. Stay away from any platform which fails to inform members of ownership and whereabouts. Is EXXI Capital really based in Malta? Registrar of companies has no name registered with this name. And we have our proof, EXXI Capital is an anonymous broker.
In order to check their licensing credentials, we contacted leading regulatory bodies. Some of these bodies include ASIC, CySEC, FCA, and NFA. All of these regulatory bodies have no information regarding EXXICapital. It means we are dealing with a broker offering illicit trading services. Opening an account with an unlicensed broker opens you up to more damage than good. No government or regulatory body will ever help you recover funds deposited to an unlicensed broker.
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Why have they failed to post any details regarding their licensing? A true broker will post copies of their license and registration certificates for all to see. Most of these brokers will make sure their details match what’s on the regulatory body’s registrar. Lack of these vital documents is proof we are dealing with an unauthorized broker. Stay away from this platform and deal with industry backed platforms. EXXICapital is an unlicensed entity which will be closed without members being issued with a warning.
EXXI Capital if claiming to furnish users with a one of a kind MT4 trading platform. In order to test how well their platform works, we decided to download and test how it works. And this is where we encountered our first problem. Download took time to complete and set up installation stalled at 45%. Testing their MT4 platform, we wanted to establish whether their platform is compatible with all devices. Sadly, installation was a problem due to a number of factors which must be mentioned.
Lack of proper security is one major concern with this platform. Why haven’t they installed SSL Encryption on their trading platform? Any hacker can gain access to this platform and steal personal data. Using their MT4 platform will open users up to hacks and data breach. Hackers find unstable platforms as easy prey for credit card information. Whoever signs up with this broker is going to lose fund in their bank accounts. Why face such risks with a proven scam platform? Stay away from EXXI Capital!
Another perturbing issue with this broke is having a rigged demo account. By rigging their demo account, users are led to believe they are making insane profit margins. After signing up with their demo account, members earn over 97% successful trades. Demo accounts use virtual money which is not real money. By doing so, users are led to believe they can mirror these results with a real account.
And this is where unsuspecting members open a real account expecting to make same profit margins. EXXI Capital is simply going to take your funds and stay with them. EXXICapital is in league with other rogue brokers to share your funds. Stay away from any platform which issues over the moon demo profit margins.
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How can funds be safe from a broker who is anonymous and based offshore? Stay away from this broker as you will end up being their next victim. Why have they failed to mention where they bank funds deposited by members? Don’t members have a right to know where and who is handling their funds? Is it possible users are depositing funds straight to owner’s personal bank account?
Another shocking issue is in relation to segregation of accounts. EXXICapital is not segregating accounts as stipulated by Forex regulations and rules. EXXI Capital is pooling funds in one account making members vulnerable to loses. Bankruptcy or insolvency can occur and users should not expect any compensation.
Without a shadow of doubt, EXXI Capital is a scam which must be exposed at all times. Signing up with such brokers is heading to a great financial pitfall. Mark all their emails as Spam and ignore any calls to sign up.
Adding this platform to our scam blacklist will aid in protecting our readers. EXXI Capital is a scam which must be exposed.
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