Exton Global Review 2024 – This Scammer Just Won’t Quit

Exton Global is a known fraudulent Forex & CFD broker. In the table below, you’ll see three website domains, two of which have been taken down due to illicit activity. Yet, the digital con artists refuse to give up.

Before making any kind of deal with this group of fraudsters, we urge you to read our Exton Global Review. Find out how the scheme works and how you can recover your funds if you’re a victim.

Legal Info: Is Exton Global Regulated?

The Exton Global broker brand has been exposed in the past. The UK and Swiss addresses are fake; there is no legitimate company under that name registered there. Moreover, we found two regulatory warnings against the platform.

On November 7, 2023, the Manitoba Securities Commission (MSC) blacklisted the firm for illegal activity. According to the Canadian regulator, Exton Global is “not (and never have been) registered in Manitoba to engage in the business of trading securities or advising anyone with respect to investing in, buying, or selling securities.”

Later that month, the Belgian Financial Services and Markets Authority (FSMA) also issued a warning against the fraudulent provider. This alert further implies that the firm is not authorized to operate in Europe due to the absence of a MiFID license, issued by European watchdogs.

Instead of trusting anonymous imposters, we recommend any regulated firm operating under the supervision of esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

Such providers are subject to stringent regulations and must offer clients negative balance protection, segregation of funds in top-tier banks, and, in some cases, compensation schemes.

Membership with Questionable Commission

The website shows a certificate issued by a certain Market Securities Insurance Commission. This document is purported to be a substitute for a trading license. However, that is impossible as credible licenses are indispensable.

We are now aware of the aforementioned commission and its track record. It could be fraudulent as well. Stick to proven institutions like the ones we listed in the previous section.

Who Are Exton Global’s Targets?

According to WHOIS, the only active Exton Global website domain (extonglobal.io) was created on January 16, 2024. The persistent financial swindlers behind the platform have been targeting mainly unsuspecting traders and investors in the following countries:

• Sweden;
• Norway;
• Denmark;
• Switzerland;
• Belgium.

All these countries feature renowned regulatory bodies that stringently oversee the markets to prevent virtual con artists like CrytFex from conducting fraudulent schemes. The five countries all require brokerage firms to obtain a MiFID passport. As mentioned, Exton Global has no such permit. 

Trader Reviews – Sharing Experiences

You can find many negative Exton Global reviews on trustpilot.com. Despite the alarming feedback, the digital tricksters are not backing down. For your part, you ought to read these complaints to understand how the scheme works.  

Exton Global withdrawal issues, poor customer support, and account freezing are just some of the recurring themes in the reviews. You’d be wise to avoid this platform. 

Which Trading Platform Is Available?

The available Exton Global trading platform is a rudimental WebTrader offering basic tools such as charts, graphs, and indicators. On the flip side, it lacks sophisticated options and can also easily be manipulated to rig prices.

You should be avoiding unreliable platforms such as ICBroker. Try to find a licensed firm that supports credible third-party software such as MetaTrader 4, MetaTrader 5, or cTrader. MT platforms support advanced features such as automated & algorithmic trading, advanced charting, real-time market reports, API integration, 20+ timeframes, Expert Advisors (EAs), and instant order execution.

Leverage, Spreads, Commissions, Demo Account

The maximum leverage is unknown. Bear in mind that top jurisdictions have legal restrictions for retail clients. For instance, brokers cannot offer more than 1:30 to retail clients in Europe or 1:50 in North America.

The minimum deposit is allegedly 20 USD, which is low but still not worth the risk. However, the fake website did not disclose the spreads but says the firm charges a 19% commission on profits. That’s utterly insane.

As for the demo account, there is none. That’s a huge red flag because risk-free demo accounts enable beginners to practice with virtual funds instead of risking real money right away. Then again, omitting such an option is a cunning move.

Deposit and Withdrawal Process

The website listed three payment methods that can be used to make a deposit and withdraw profits:

• Credit/debit cards;
• Wire transfers;
• E-wallets.

If you’ve funded your account, you are highly unlikely to get that money back on your own. Judging by the reviews, several traders reported withdrawal issues with the platform. Should that happen to you, get familiar with potential fund recovery methods.

For MasterCard or VISA credit/debit card payments, users can request a chargeback at the issuing bank within 120 days to get a refund. On the other hand, wire transfers can be reversed via a recall, but only work if the transaction is not yet complete.

Key Facts To Consider About Exton Global

Exton Global is nothing but an anonymous website claiming to be a legitimate broker. This site appears on the warnings lists of the MSC and FSMA. The provider offers a shady online platform, targeting mainly European traders from Switzerland, Belgium, Sweden, Norway, and Denmark. 

We urge you to avoid this provider due to its illicit nature. In case you have lost money to the Exton Global scam, you must seek our professional help to recover your funds! A chargeback is your best option.

Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.

Book your free consultation here and start the chargeback process.

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