Exclusive Markets Under the Scanner: Traders Report High Swap Charges, Deposit Discrepancies & More

Is your forex trading account experience at Exclusive Markets far from good? Do you witness high swap fees and daily charges? Does the deposit fail to reflect in your Exclusive Markets Login? Don‘t receive adequate response from the customer support official on your trading queries? You are not alone! Traders have already alleged that the forex broker is involved in these activities. In this Exclusive Markets WikiFX review article, we shared some traders’ comments. Read on to know about them.

The Growing List of Complaints Against Exclusive Markets

High Swap Charges & Daily Fees Disturb Traders the Most

The biggest deal breaker for forex traders at Exclusive Markets is the higher swap charges and daily fees compared to other brokers. A trader commented that the Seychelles-based forex broker increased spread and charged high daily fees & swap charges, resulting in a loss for him. To know the matter in greater detail, please check the screenshot below.

Poor Support, Payout Denials

Exclusive Markets has always been criticized for not being so supportive toward traders. While recounting an incident, a trader pointed out that the support has been slower from the broker. The trader further added that he, along with many of his friends, could not receive payouts from the broker. Here is the screenshot containing the traders complaint.

Account Ban Without Justification

Traders have also received account bans by the forex broker. While thats a concern, the worst part is that the broker has failed to provide any justification for this, leading to unnecessary chaos. After failing to receive a justification, the trader shared Exclusive Markets Review through these words.

Funded Account Approved & Locked

Successfully passing the trading challenge requires skills and immaculate efforts. And when traders overcome the challenge, they receive a funded account. This remains the case with most proprietary trading firms. However, in a case involving Exclusive Markets, a trader admitted to having received a funded account, which, suddenly, got locked. This made the trader share this review of Exclusive Markets.

Deposit & Withdrawal Hassles

Withdrawing your deposits from Exclusive Markets is tough for many traders, including the one highlighted under this complaint section. A trader could not trade with a $50 deposit, so he decided to withdraw that sum. However, to his unpleasant surprise, the broker denied him doing so. This is despite his fully verified account according to the requirements specified by Exclusive Markets. Here is the screenshot showcasing the problem the trader encountered while trading through this forex broker.

Exclusive Markets WikiFX Review - Score & Regulation

Exclusive Markets WikiFX review for this forex broker has factored in trading complaints and regulation status. While investigating the regulatory control, the WikiFX team found that It is an offshore regulated broker in Seychelles. Since complaints were massive and indicating investment scams, the team could only hand the broker a score of 2.32 out of 10.

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