We can’t expect anything good from this firm with zero transparency about legal information, addresses, or contacts. Apparently, this brokerage has been licensed since 2007. If that were the case, the company would have much broader popularity.
Luckily, our Exitosofx review will show you it’s all a fairy tale. Keep reading, and don’t miss out on our GBFX review as well. You can find a lot of useful advice on how to avoid trading fraud.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | A-TVP, CNMV, AFM, CONSOB, IOSCO, FSC |
| Registered In: | N/A |
| Operating Since: | 2021 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | Flexible unknown |
| Minimum Deposit: | €250 |
| Deposit Bonus: | Available |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | Once you see all the warnings issued against this firm you will realize regular withdrawals are not possible there. Instead, you’ll have to get started with the refund process as soon as possible. For a step-by-step guide, contact our expert team. |
Legal Info: Is Exitosofx Legit Or A Scam?
Believe it or not, all top-tier licensed firms provide transparent license details. After all, they want you to check them out and prove they are legit. With this firm, that’s not possible. First, they don’t reveal the license number. Second, they don’t reveal legal entity names. Therefore, we searched with their domain.
To be fair, we found something. Sadly, there are only warnings from regulators all over Europe, starting with CNMV, CONSOB, AFM, A-TVP, IOSCO, and FSC. In addition to that, the company’s domain appears to be registered in 2021. So, there’s no chance they have been licensed as an online brokerage since 2007.
Who Are Exitosofx’s Victims?
Whoever crosses their radar with money will most likely get scammed. However, some countries are often targeted more than others. Usually, scam firms look for wealthy individuals that will run their business for a while. In this case, the primary target areas are:
- Spain
- Netherlands
- Germany
Regardless of your residence, we suggest you read our Crypto Vortex review for more clarity and contact our refund team if you want to recover your money.
Traders Reviews
Another sign this company can’t be trusted is the Exitosofx reviews on Trustpilot. With 20% of negative comments out of 30, the company clearly is not genuine. However, it also shows that they were not registered in 2007. If that were the case, the firm would be much more popular.
All in all, the biggest problem with this broker is the withdrawal. So, watch out for the tricks we’ll reveal in this Exitosofx review. If you experience any of those, get in touch for refund assistance.
Leverage, Commissions, Spreads, Fees and Taxes
Whether you choose Exitosofx crypto trading options or any other, trading conditions can make a big difference. Especially leverage.
Sadly, with this firm, it will remain unknown before you register. Same as all the other trading-related costs, except for the spreads that start from 0.0 pips. To be fair, they can’t lie there.
Bonuses
Of course, Exitosofx Forex company offers welcome bonuses to prevent traders from making withdrawals. The way they do so is with minimum trading requirements traders have to reach after accepting bonuses.
In this case, it’s trading volume 40 times for every $1 bonus. In case you accept €250, that’s volume of 10.,00. Thus, it’s not specified if those are lots or dollars, making everything even worse.
Exitosofx Trading Features
If you are a fan of copy trading, AIs, or EAs, you can forget it with this firm. Even though the Exitosofx trading firm advertises a rock-solid platform with lightning-fast execution, prepare for surprises.
Trading Platforms Available
Rock-solid platforms are generally considered to be cTrader, MetaTrader, or DAS Trader Pro. Sadly, with this firm, only a web-based platform is available. Most importantly, the one with only basic functionalities like pending orders, limit orders, and few customization and charting features. Nothing advanced as presented.
Available Trading Assets
Another disadvantage is that traders have only a bit over 100 tradeable assets available. Compared to other top-tier licensed firms, that’s nothing. In any case, the options are:
- Forex – USD/EUR, AUD/SGD
- Commodities – natural gas, copper
- Indices – ASX200, DAX30
- Shares – Tesla, VISA
- Cryptos – ETH, BNB
Account Types
To open a live Exitosofx account, you must set aside at least €250. This is a widely accepted amount of money. However, when you see trusted firms requiring only $10 to get started, that’s a bit high.
In any case, if you sign up, you can expect persuasion and promotions for higher deposits. Thus, precise account types and requirements are not revealed.
Mobile Trading App
Generally, without a desktop app, we can’t expect the mobile app either. Consequently, completing the Exitosofx login process on a mobile and trading via browser will require a lot of nerves. Get ready for it, or choose a proper broker on time.
Demo Account
Another feature missing with this broker is a demo account. Thus, with all the hidden conditions we understand why they don’t offer it. They don’t want you to expose all the platform flaws.
Education
Apparently, there is a free educational program to sharpen your skills. But we highly doubt you can sharpen any skills with unregulated firms. Especially with such non-transparent services.
Exitosofx Withdrawal
If you want to complete the Exitosofx withdrawal procedure, you better start on time. The sooner you start, the faster you will get all the evidence for a chargeback or other refund options.
After all, you can’t expect clean withdrawal with a non-transparent withdrawal policy. Especially not with their bonus policy, which is another catch.
Customer Support
According to this scam company, they offer 24/5 award-winning customer service. Yet, the only available contact option is a web contact form. Fairly, that’s not what award-winning support looks like.
Key Information To Consider About Exitosofx
There’s nothing much to say except to watch out for regulations and warnings. Those are two key indications with this company to keep you away from them. However, if you get tricked somehow, there is a solution to that as well.
Simply send us a message, book a free consultation, and explore all your options. Most importantly, you don’t have any obligations. We are expecting your message today.
FAQ Section
What is Exitosofx?
Exitosofx is an FX and CFD trading firm that has presented itself as a fully licensed and regulated brokerage since 2007. Thus, their domain was registered in 2021.
Is Exitosofx Legit?
No. The company is not licensed as they claim. It’s even worse since the company is on the warning list of multiple trusted authorities. Primarily CNMV and CONSOB.
How to Recover Money From a Financial Fraud?
The best option is to get started with a refund with professional assistance. For a free consultation about it, feel free to contact our team.
Source:
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