Score

1.79 /10
Danger

Exen Trade

Seychelles

Within 1 year

Regulated in United States

Common Business Registration

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index3.39

Risk Management Index0.00

Software Index4.00

License Index1.25

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Exen Trade International Ltd

Company Abbreviation

Exen Trade

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2025-02-07
  • This broker exceeds the business scope regulated by United States NFA(license number: 20248265202)Common Business Registration Non-Forex License. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

This platform is associated with the website trader.tradeexen.com. After logging in, it will redirect you directly and fraudulently transfer U to a personal account.

This broker is terrible and linked with MetaTrader 5. Once you click to log in, you're taken to the scam site trader.tradeexen.com where they prevent withdrawals. The leaders of this scam, known as "Old Xu" (Xu Lihong), Liu Xu, and Qin Feng, formed a community called Tianya Community on the Luffa chat software, claiming to establish the most influential crypto community in the Chinese area. During the Bitcoin bull market's plateau phase, they advised everyone to not trade and just wait with empty portfolios. Then they trick people into diverting from Ouyi and Binance to MT5, claiming they would speculate on forex and gold to triple everyone's funds by year-end. They make everyone think that transferring USDT to this lousy broker's account is a good idea when in fact it goes directly into these scammers' personal accounts. All talks of tripling funds by year-end and meeting up in Sanya are complete lies. Within a week, they scammed all the USDT they could and then came up with various excuses for not processing withdrawals before dissolving all their social groups, disappearing without a trace. I hope those who see my exposure can avoid them. Let my experience serve as a warning not to trust strangers easily. While this amount of money might not break me financially, I'm still very upset and feel compelled to expose them.

FX1395898363
2024-12-24 10:07

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User comment

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Comments

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十万
0-3months
诈骗团伙的平台,无法出金,网站已经关闭,骗子们在网站后台人为操作走势,给你造成胜率高的假象,希望大家注意。
诈骗团伙的平台,无法出金,网站已经关闭,骗子们在网站后台人为操作走势,给你造成胜率高的假象,希望大家注意。
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2024-12-30 09:07
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正义者
0-3months
跟着天涯社区徐礼鸿,秦峰等人,一起通过丝瓜通过这个平台操作,入金很快捷 出金出不来 各种推诿 存在诈骗行为。天涯社区也解散,联系不上人,
跟着天涯社区徐礼鸿,秦峰等人,一起通过丝瓜通过这个平台操作,入金很快捷 出金出不来 各种推诿 存在诈骗行为。天涯社区也解散,联系不上人,
Translate to English
2024-12-24 16:09
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