Exxo Markets

Exxo Markets Information

Exxo Markets, registered in 2020 in Saint Vincent and the Grenadines, is a brokerage company who offers trading services in forex, indices, crypto, stock, treasuries and commodities. A demo account is available for traders to test their strategies and the broker does not charge any deposit or withdrawal fees. The broker implements fund segregation and negative balance protection for customer fund safety.

However, it should not be neglected that the broker currently operates without regulation from any authorities, degrading its credibility and reliability.

Pros and Cons

Is Exxo Markets Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on Exxo Markets?

When dealing with trading, it's always wise to choose several products at one time to scatter risks instead of focusing on one only. With Exxo Markets, you have a wide range of options from mainly 6 asset classes.

1. Forex: Trade global currencies to capitalize on the dynamic forex market. Popular and most traded pairs include EURUSD, AUDUSD, etc.
2. Commodities: Diversify your portfolio with essential commodities like precious metals such as gold, silver, as well as energy products like oil and natrual gas, etc.
3. Indices: Gain exposure to specific sectors or regions through market indices.
4. Cryptocurrencies: Trade digital currencies like Bitcoin and Ethereum, tapping into the evolving crypto landscape.
5. Stocks: Stocks represent shares of ownership in a company, allowing investors to participate in its profits and growth.
6. Treasuries: Treasuries are government-issued bonds that provide a secure investment option, backed by the full faith and credit of the government.,

Account Type

Exxo Markets offers a demo account for testing and practicing so traders can familiarize themselves with the company's platform in a risk-free environment to avoid losing real money.

However, other crucial info in live account such as account types, minimum investment amount, leverage, spread or commission are not diclosed on its website. The broker only said you can adjust leverage when the equity in your account is over $300,000.

Such lack of information might cause difficulties in calculating trading costs in advance. You should contact the broker directly for details to ensure all these key info are at your fingertips during trading.

Trading Platform

Exxo Markets offers a proprietary web-based trading platform that can be accessed on any devices with Internet connectivity, without the need to download apps. Additionally, an app version of the platform is also available and is said to be available on Android and iOS phones so traders can never miss a market move.

Deposit & Withdrawal

Exxo Markets accepts several deposit/withdrawal methods, with minimum funding amount range at $50-500. Deposits are processed in 30 minutes while withdrawals take 1-3 business days. The broker does not charge any fees for deposit and withdrawals, removing costs on these actions for traders.

But we are not sure about the detailed payment methods because the broker only clearly showed Tether and Neteller, others are error pictures and there's no written descriptions on its website.

Customer Support Options

Exxo Markets says it offers 24/7 customer service and can be contacted by email, phone, and a support ticket form. Investors can also visit their offices in St. Vincent and the Grenadines.

Live chat and social media platforms are also claimed available, but we cannot direct the links so far.

The Bottom Line

To wrap all these up, Exxo Markets is not so competitive comparing to reputable brokers. Though it implements several customer protection measures, and offers a demo account for practicing, it is not regulated by any known authorities so far, and the lack of transparency in trading conditions leaves the public unaware about their trading costs.

Weight the pros and cons before tapping into real trading with such brokers as always.

FAQs

Is Exxo Markets safe?

No, we cannot say the broker is safe because it's not regulated by any financial authorities.

Is Exxo Markets good for beginners?

No, though the broker offers a demo account for practicing and implements protection measures such as fund segregation, the absence of details on trading conditions leaves traders in the dark about their trading costs. This is a huge inferior point, especially for beginners who have higher demands on this.

What trading platform does Exxo Markets have?

Exxo Markets offers a proprietary web-based trading platform with app version downloadable on mobile phones.

Are there any restricted areas ofExxo Markets' services?

Yes, their services are not directed at residents of the United States and are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulations.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.