Excellence Markets Review – Beware of This Evident Scam

In a place where lies meet greed, investors aren’t able to trade seamlessly and achieve any of their investment goals. Whatever these miscreants offer is something you should definitely refuse to risk your money for.

After all, none of the advertised services are provided, and it’s only a matter of time before your funds disappear. Read what FCA has discovered about this unscrupulous company in our Excellence Markets review.

Broker Doesn’t Meet Standards

License and registration is a must have for any brokerage agency that operates in the UK. FCA has imposed strict regulatory conditions on all online trading firms. Some of these include segregated bank accounts, negative balance insurance, leverage cap of 1:30 and compensation plans.

As you may have already guessed, not only is the Excellence Markets broker unlicensed but they’ve also been blacklisted by the FCA. Legal documents reveal the actual location of the firm’s headquarters – the Marshall Islands. 

GLOFSA, the regulator overseeing securities market participants in that country, doesn’t have information on the brand. This means that the business is actually an offshore scheme that operates solely to steal investments.

Investment Options: Pure Farce

Anything you see on this website that is related to promoting extraordinary investment opportunities is a charade. The carefully orchestrated financial trap is meant to entice traders who wish to succeed overnight. 

Unfortunately, many of the retail investors have already been duped, and the majority of them come from:

• United Kingdom
• Netherlands
• Belgium

Active only since December 2023, this brand certainly doesn’t enjoy the reputation of a reliable service provider. Another proof of that is the lack of Excellence Markets reviews. Therefore, it is best to avoid any scheme that promotes quick cash and contact us for legal advice concerning chargebacks.

Excellence Markets Costs: Proof of Fraudulence

Numerous Excellence Markets trading costs and special charges mentioned in the legal papers are another piece of evidence of this firm being a total sham. You see, trading leverage isn’t capped at 1:30, as aforementioned regulations demand. Actual leverage limit on this platform is 1:400. 

Different trading terms, like spreads, are also suspicious, as it’s stated that they start at 0.0 pips, which is unrealistic. Other taxes and commissions sound disturbing, to say the least. Dormant accounts are charged $300 yearly, and there’s a handful of other hinted costs that aren’t clarified.

Expensive Yet Mediocre

Risking losing everything in order to make a profit on this shady platform is simply not worth it. Just signing up for an Excellence Markets login requires a price that is too high to pay. 

Even if you have money to waste on investment deals that won’t do you any good, should you be throwing it away on fraudulent trading portals? Check out the offer on this site in the remainder of our review.

Typical Web Trading Scheme

Faulty and basic, Excellence Markets WebTrader doesn’t even begin to compare to excellent software solutions like MetaTrader platforms. There’s a reason why these technological masterpieces are considered premier trading portals. They provide a number of indicators, timeframes, EAs, and other tools that would make your trade far more precise, accurate, and lucrative. None of that is available on the said web terminal.

Don’t Invest in These Assets

The selection of tradable instruments found on this server is just a bunch of random asset groups that are displayed by default. There’s no proof these financial products are really made available by the broker:

• Forex – EUR/USD, EUR/GBP, EUR/CAD
• Stocks – Mercedes Benz, BMW, Caterpillar
• Commodities – Coffee, Sugar, Corn
• Indices – NASDAQ, DAX, DOW
• Crypto – BTC, BNB, BCH, ETH, TRX

Packages Offer Nothing Substantial

Unreasonable deposit requirements are a characteristic of untrustworthy online trading portals. Buying a basic Excellence Markets account doesn’t open many possibilities in terms of enhanced service and advanced options. 

However, there are more pricey options that feature some tools, courses, and webinars for serious investors. That, too, unfortunately, remains just a promise on paper, as the company is a blacklisted entity.

These are the minimum deposit requirements for each bundle:

• Basic – $250
• Silver – $10.000
• Gold – $25.000
• Platinum – $100.000
• VIP

Payment Terms Are Breaching Laws

Regulatory standards concerning anti-money laundering actions and transparency are quite strict in the UK. Another sign that a company doesn’t follow any legislation is that it offers one deposit channel (credit cards) while supporting an entirely different method for payouts (crypto).

Disclosing sensitive information related to your credit cards may lead to identity theft and more unscrupulous operations. Therefore, do not share these details with the Excellence Markets scam.

Moreover, legal documentation doesn’t clarify how payouts exactly work. You could be asked to pay upfront fees or meet trading volume requirements before you’re allowed a withdrawal. Additional reasons may come up as excuses for rejecting your withdrawal requests, so beware.

Support is Out of Reach

Nothing is excellent or astonishing about Excellence Markets’ customer service. In fact, it looks as if they’re only eager to receive feedback, not actually serve the client. 

We say this because you only have the option to submit a ticket via an online form or send an email. Nothing guarantees a reply unless you’re interested in giving them your hard-earned cash.

Stay Away From Flagged Sites

Succeeding at Forex means first choosing the right brokerage dealer to partner up with. If you decide to invest with a blacklisted domain, you’re in for a total loss. 

If you have, however, already been tricked into depositing on this portal, contact us immediately. Our recovery agents will help you build your case and get your funds back from these charlatans.

FAQ Section

What is Excellence Markets?

The blacklisted website belongs to an anonymous business that claims to operate from the UK.

Is Excellence Markets Legit?

No, the firm is not known to authorities other than for its fraudulent actions.

Who Owns Excellence Markets?

The parent company that stands behind the blacklisted domain is not named. We recommend you contact us immediately in case they’ve scammed you.