Expo Trust, with its London address presented, gave itself a hard task. They have to convince all traders they are legit without a license. It’s a hard thing to do. That’s why they baldly claim they have been regulated by the FCA. But who knows, that might even be true.
Before you even get there, you can realize the company is lying to you. To find out why, read this Expo Trust review carefully.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Expo-trust.net |
| Have Warnings from: | CBR, CNMV |
| Registered in: | UK (allegedly) |
| Operating since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:1000 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies, forex, indices, commodities, shares |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Since the company is clearly lying about being regulated in the UK, don’t be surprised if they lie to us about withdrawals as well. At first glance of an issue along the way, contact our chargeback team for a step-by-step guide on the refund procedure. |
Legal info: Is Expo Trust Legit or A Scam?
To be an FCA-regulated broker, the company must be way more transparent than Expo Trust. Nevertheless, we checked the FCA register to make sure the truth saw the light of day. If you are wondering if an Expo Trust name was found there, no, it was not. And that’s all you need to know if the company is legit or not.
However, we will provide you with more proof in this review, starting with warnings from the Russian Central Bank and Spanish CNMV. With this in mind, you know the company is not genuine. But wait until you see the Expo Trust reviews.
Who are Expo Trust’s Victims?
Generally, unregulated firms don’t hesitate to prey on their victims, even in the strictest regulated countries. Since 2023, when they started, they have been mainly targeting countries like:
- Spain
- Italy
- Poland
- Canada
- Germany
Luckily, all these countries have institutions where you can find more details about brokers. Most importantly, they can advise you on the proper broker choice.
Meanwhile, if you were tricked by the Expo Trust broker into sending them money, don’t hesitate to talk to our refund experts for recovery solutions.
Traders Reviews
Even though the company claims to have more than 50.000 clients, their reviews don’t add up to that. In fact, there are only 29 comments on Trustpilot, mostly negative ones. Yet, on the website, the company posted fake testimonials using the same design that is presented on Trustpilot.
Unfortunately, one of the ways they are managing to delude more and more traders is through the Expo Trust referral program. And the best way to protect yourself is with knowledge. Therefore, we invite you to read our BiKing Exchange review and contact us if you have withdrawal issues with any investment firm.
Leverage, Commissions, Spreads, Fees and Taxes
Trading conditions usually play a huge role in choosing a broker. If those are not fully transparent, traders can only expect issues and simply choose another broker. That should be the case with this one since only spreads are revealed. Not the most attractive ones, considering the starting ones for basic accounts start at 1.4 for floating or 2 pips for fixed spread.
Also, all Expo Trust account types include commissions. Sadly, not transparent ones. Anyway, the biggest deal breaker is the leverage of 1:1000, which shows us this company can’t be regulated by the FCA at all.
Bonuses
Another thing that could cause Expo Trust withdrawal issues is the bonus. However, the bonus policy is only visible to registered users. So, if you are already registered with them, make sure to check the conditions for withdrawing the funds.
Expo Trust Trading Features
As can be seen, the company advertises a user-friendly and award-winning platform. Yet, they don’t mention any advanced features like social or copy trading, EAs, or any advanced trading strategies. Therefore, after completing the Expo Trust login procedure, don’t be surprised if you are faced with a trashy platform.
Trading Platforms Available
Generally, trusted apps can be considered the ones that have dedicated software across all platforms. For instance, cTrader or Meta Trader. Also, millions of traders use these platforms.
However, scam brokers will often use WebTraders only and present that as a benefit. Thus, it can only cause problems since most of the details can be manipulated there. Especially with proprietary platforms.
Available Trading Assets
Tradeable assets can be a good hook for most traders. Especially for the ones looking for less popular investment options. However, traders should keep in mind that having 1000 available assets doesn’t mean the company is legitimate.
Anyway, with this firm, some of the options are:
- Forex – USD/AUD, EUR/SEK
- Commodities – gold, natural gas
- Shares – Amazon, Tesla
- Indices – DAX30, CAC40
- Cryptos – ETH, DOT
Account Types
As can be seen, the company doesn’t reveal minimum deposit requirements for any of the account types. That might be the trick of presenting you with some offers once you start using their services. The key differences are in the instruments offered, spreads, and stop-out levels. Everything else is pretty much the same.
All account options are:
- Standard
- Ultimate
- Pro
- Elite
Mobile Trading App
Unfortunately, a big disadvantage of this company is a lack of the Expo Trust app. Whether you are an iOS or Android fan, accessing your account via mobile is expected to be a nightmare. Not to mention the trading itself.
To understand better why such trusted apps are necessary, check our The Core Markets review.
Demo Account
A demo account is another big flaw of this company. However, we understand them. They don’t want to expose all their weaknesses to anyone. Therefore, we have to register with them and give them a chance to pitch us. But if you know for anything better, you won’t do it.
Education
Apparently, the company offers some kind of education program. This program includes educational resources, tutorials, webinars, and personalized training. But if you can trust the broker that is lying to be regulated, it’s up to you to decide.
Expo Trust Withdrawal
With zero transparency about the withdrawal procedure, you can only expect problems there. Starting with delayed processing time, verification issues, non-existent fees, and shady tax payment requests. All this comes in a bundle with all scam brokers.
In the end, withdrawal policy without regulation is meaningless anyway. So, if you are stuck with a scam broker, there’s only one thing to do – chargeback.
Customer Support
If you check the Expo Trust Forex broker reviews, you will realize the company’s support is useless. Even though they provide e-mail and a phone line, that’s obviously all fake. Yet, the company guarantees they have your back 24/7.
Key Information To Consider About Expo Trust
After warnings from trusted regulators against the Expo Trust scam company, there’s nothing to look for anymore. The company has been exposed officially, and it’s just a matter of time before it vanishes. Therefore, apply for a withdrawal immediately, and if any problem occurs, reach out to our refund experts.
Once you go through the first consultation without any charges, at least you will know what’s your next step. Most importantly, the last decision is yours. But give yourself a chance to find out the options. Contact us today.
FAQ Section
What is Expo Trust?
Expo Trust is a brokerage presenting itself as a UK-based and FCA-regulated firm. Yet, it’s all fake.
Is Expo Trust Legit?
Not at all. Statements about regulation are completely fake and proof of that are warnings from CBR and CNMV.
How to Withdraw Profits From My Expo Trust Account?
Regular withdrawals most likely never happen so you will have to use alternative refund options. For more details and professional guidance, contact our refund experts.
Source:
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