Exclusive Markets is a global brokerage offering a range of trading options, including forex, commodities, indices, and stocks. The platform is user-friendly, accommodating both novice and seasoned traders. With a straightforward interface and various account types, traders can enjoy flexibility in their investment choices.
The broker supports the renowned MetaTrader 4 and 5 platforms, which are celebrated for their reliability and comprehensive set of advanced tools. These platforms enable users to execute trades effectively while offering detailed analysis features for enhanced market understanding.
The broker’s top priority is security, as they utilize strong encryption protocols to protect user data. Regulated by the Seychelles Financial Services Authority (FSA), Exclusive Markets provides an added layer of trust for clients who prioritize safety. In summary, Exclusive Markets delivers accessible trading solutions within a secure and regulated framework.
Exclusive Markets Regulation and Safety
Exclusive Markets is a brokerage company that has a license with the number SD031, meaning the FSA supervises them. However, the FSA is a Tier-3 regulator, which means its rules might not be as strict as those of Tier-1 regulators found in other countries.
The company works hard to ensure client money is safe. They partner with top banks and other financial companies. Additionally, they also offer insurance to protect clients’ money from any unexpected problems that might arise.
Despite these efforts, some reviews for Exclusive Markets have expressed concerns about the company’s offshore regulation and the lack of an investor compensation fund. These points might raise questions about how secure clients’ money is with them.
In conclusion, while Exclusive Markets does have measures in place to protect client money, anyone considering investing should carefully think about the company’s regulatory status and the possible risks involved.
Exclusive Markets Pros and Cons
Pros
- Minimal fees
- A variety of assets
- Easy to use
- Compliant with regulations
Cons
- Restricted customer support
- Elevated spreads
- Geographic limitations
- Absence of cryptocurrency options
Benefits of Trading with Exclusive Markets
Exclusive Markets presents a variety of advantages for traders in pursuit of a well-rounded trading experience.
Traders can access more than 5,000 financial instruments, encompassing forex, commodities, indices, stocks, ETFs, and cryptocurrencies. This broad array facilitates portfolio diversification and enables traders to seize multiple market opportunities. Moreover, the broker also provides copy trading and PAMM trading facilities to its traders.
The broker supports the MetaTrader 4 and MetaTrader 5 platforms, which are renowned for their dependability and sophisticated features. These platforms provide comprehensive charting tools, technical indicators, and automated trading functionalities, catering to both beginners and seasoned traders.
Exclusive Markets provides a variety of account options, such as Cent, Standard, Standard Plus, Exclusive, and Shares accounts. This assortment is designed to meet various trading styles and experience levels, featuring low minimum deposits and leverage options of up to 1:4000.
The broker ensures competitive trading conditions with tight spreads starting at 0.0 pips and minimal commission fees, enhancing overall cost efficiency for traders. Furthermore, high-leverage options allow traders to optimize their market exposure.
Exclusive Markets offers a range of educational resources, such as tutorials and webinars, aimed at assisting traders in improving their skills. Additionally, a committed customer support team is accessible 24/7 to respond to any inquiries or issues.
Collectively, these features position Exclusive Markets as an attractive option for traders seeking a flexible and supportive trading environment.
Exclusive Markets Customer Reviews
Exclusive Markets has garnered a range of responses from its clients. Some traders praise the broker for its extensive selection of financial instruments and intuitive platforms, noting the benefits of having access to MetaTrader 4 and 5. Furthermore, the availability of various account types accommodates a wide array of trading preferences.
On the other hand, there are concerns regarding the broker’s regulatory framework. Exclusive Markets is overseen by the Seychelles Financial Services Authority (FSA), which is classified as a Tier-3 regulator. This has prompted some clients to question the adequacy of oversight and the level of protection offered.
In conclusion, while Exclusive Markets provides a comprehensive array of trading options and platforms, prospective clients should thoroughly evaluate the regulatory landscape to determine if it meets their risk tolerance.
Exclusive Markets Spreads, Fees, and Commissions
Exclusive Markets provides a variety of account types, each with distinct spreads and fees to accommodate diverse trading requirements.
The Standard Account is commission-free, necessitates a minimum deposit of $50, and features spreads beginning at 1.6 pips.
For those seeking tighter spreads, the Exclusive Account presents spreads as low as 0.0 pips, accompanied by a commission of $7 per lot and a minimum deposit of $500.
The Standard Plus Account provides spreads of 0.8 pips with no commission for a minimum deposit of $200. Additionally, there is a Standard account as well that offers spread from 1.6 pips without charging any commission. Traders can open this forex trading account and start trading with deposit as low as $50.
New traders may opt for the Cent Account, which requires a $10 deposit and offers spreads starting at 1.6 pips, also without commission. For equity trading, the Shares Account imposes a commission of $2.5 per share, with a minimum deposit of $1,000.
Exclusive Markets does not charge any fees for deposits; however, a withdrawal fee of 1.8% is charged. Traders should also be aware of potential extra costs, such as swap fees for positions held overnight, although swap-free options are available for a limited duration. Traders must select an account that suits their trading habits and cost considerations.
Account Types
Exclusive Markets provides a range of account types tailored to traders of diverse experience levels. Whether you are just starting or are an expert seeking top-tier benefits, there is an account that fits your needs.
Each account comes with distinct features, supporting various trading styles and giving you control over your investments. This wide selection ensures you can find an account that matches your skills, goals, and trading requirements.
1. Standard Account
The Standard Account is tailored for novice traders. It includes basic trading features but offers limited advanced tools. Typically, it requires a low deposit and includes basic market analysis tools, making it ideal for new traders.
2. Standard Plus Account
The Standard Plus Account suits traders with some experience who want more than the Standard Account provides. It includes additional features like daily market insights, a wider range of tradable assets, and lower spreads. This makes it a great choice for intermediate traders.
3. Cent Account
The Cent Account is aimed at advanced traders looking for more significant benefits and exclusive resources. This account provides tighter spreads, dedicated customer support, and access to webinars and educational materials, facilitating informed decision-making.
4. Exclusive Account
The Exclusive Account is tailored for professional traders or wealthy individuals. It offers premium services, including priority support, custom trading strategies, the lowest spreads, and VIP access to market events and unique insights.
5. Shares Account
The Shares Account is designed for traders who want direct exposure to global equity markets. This account allows you to trade individual company stocks, making it ideal for those who prefer long-term investment strategies or want to diversify beyond forex and CFDs.
Exclusive Markets Trading Platforms
MT4 is widely recognized for its intuitive interface and powerful features, making it a favoured option among traders. It provides sophisticated charting capabilities and an extensive selection of technical indicators, along with support for automated trading via Expert Advisors (EAs).
Traders can place various types of orders and access real-time market information, which aids in making well-informed decisions. The platform is accessible on desktop, web, and mobile devices, offering both flexibility and convenience.
MT5 enhances the functionalities of MT4, introducing improved features that cater to more complex trading strategies.
Furthermore, MT5 accommodates a wider variety of order types and includes a more advanced strategy tester for backtesting trading algorithms. Similar to MT4, MT5 is available on desktop, web, and mobile platforms, enabling traders to manage their accounts effortlessly across different devices.
Both platforms are tailored to meet the needs of traders at all skill levels, providing a comprehensive suite of tools and resources to effectively navigate the financial markets.
What Can You Trade on Exclusive Markets?
Exclusive Markets presents a wide array of trading instruments, enabling clients to participate in multiple financial markets.
Traders have access to more than 60 currency pairs, encompassing major, minor, and exotic options, which facilitates engagement in the global foreign exchange market.
2. Metals
The platform offers trading in precious metals, including gold and silver, catering to those interested in commodity investments.
3. Commodities
Clients can engage in trading a diverse selection of commodities, such as energy products like crude oil and natural gas, along with agricultural goods.
4. Indices
Exclusive Markets provides opportunities to trade on prominent global indices, allowing traders to speculate on the performance of stock markets around the world.
5. Stocks
The platform grants access to over 200 stock CFDs from top companies in the US and Europe, enabling traders to invest in specific equities.
6. ETFs
Clients can trade more than 40 ETF CFDs, which provide exposure to a wide range of sectors and asset classes through exchange-traded funds.
7. Cryptocurrencies
Exclusive Markets also features cryptocurrency trading, including well-known digital assets like Bitcoin and Ethereum, addressing the increasing interest in digital currencies.
This comprehensive selection empowers traders to diversify their portfolios and explore various market opportunities, all within a single platform.
Read More: Best Cryptocurrency for Beginners to Enter Crypto Market
Exclusive Markets Customer Support
Exclusive Markets is dedicated to providing full customer support for trading needs. Their Customer Service team is on hand 24 hours a day, Monday through Friday, ensuring you can get assistance whenever you need it during the week.
You can easily reach out to them by emailing support@exclusivemarkets.com or by using the Live Chat feature on their website for immediate help.
If you prefer to speak directly with someone, Exclusive Markets provides support through multiple channels, including phone, WhatsApp, and Line. These various options let you choose the method of communication that suits you best.
This multi-channel approach guarantees that you receive quick and effective help, improving your overall trading experience with them.
Withdrawal Options and Fees
Exclusive Markets provides a range of withdrawal options tailored to meet the varied needs of its clients. It is essential to comprehend the available methods and their associated fees for effective fund management. Below is a summary of the withdrawal options, along with their specific details.
1. Bank Transfers
Traders may choose to transfer funds directly to their bank accounts. The processing time usually spans from 1 to 5 business days. Exclusive Markets does not levy any fees for bank transfers; however, clients are encouraged to check with their banks regarding any potential charges.
2. Credit/Debit Cards
Withdrawals can also be made to credit or debit cards, with processing times dependent on the card issuer. Exclusive Markets does not charge fees for these transactions, but clients should verify with their card providers for any possible fees.
3. E-Wallets
Exclusive Markets allows withdrawals through various e-wallets, such as Skrill, Neteller, and Perfect Money. These methods typically provide quicker processing times, usually within 24 hours. The broker does not impose fees for e-wallet withdrawals; however, clients should confirm with the e-wallet service regarding any applicable charges.
4. Cryptocurrencies
For clients who prefer digital currencies, Exclusive Markets enables withdrawals in cryptocurrencies like Bitcoin and Tether. Processing times are generally swift, often within a few hours. Exclusive Markets does not charge fees for cryptocurrency withdrawals, although network fees may be applicable.
5. Wire Transfer
Another safe and quick option to withdraw money from Exclusive Markets trading account is using International and Local Wire transfer. The minimum withdrawal amount in case of International Wire Transfer is 50 USD, GBP, EUR and for Local Wire transfer, the minimum withdrawal amount is 15 USD, EUR, GBP. As per our review of Exclusive Markets, there is no withdrawal fee charged for this withdrawal option and the processing time is under 24 business hours.
It is important to highlight that while Exclusive Markets does not impose fees for most withdrawal methods, third-party charges may be incurred based on the selected method. Clients are advised to consult their financial service providers to understand any additional costs.
Conclusion
To sum up, Exclusive Markets provides a strong trading platform for those who value flexibility in account types, high leverage, and a diverse selection of trading instruments such as forex, commodities, stocks, and cryptocurrencies.
Although it is a newer broker in the industry, Exclusive Markets has carved out a competitive niche, especially for traders interested in varied trading options and tailored account setups.
While it may not yet have the long-standing reputation of more established brokers, its regulatory compliance and user-friendly features create a reliable environment for both beginners and experienced traders aiming to enhance their trading opportunities.