General Information
Exen Trade Is A Foreign Exchange And Contract For Difference (CFD) Trading Platform Established In 2024. The Website Claims To Be Operated By Two Companies, Exen Trade Pty Ltd And Exen Trade Ltd. However, Inquiries Did Not Reveal The Existence Of These Two Companies In Any Government Registration Records. The Website Domain Name Is Forextrademaker.com. Although Registered On March 29, 2022, It Was Actually Purchased And Launched By The Exen Trade Team On November 28, 2024. The Credibility Is Extremely Low.
Applying Regular Company Supervision
According To The Official Website Of The Broker, The Company Is Regulated By The Seychelles Financial Services Authority (FSA) With The Supervision Number No. SD043. However, After Verification, It Was Found That This Supervision Number Actually Belongs To GO Markets International Ltd And Has Nothing To Do With Exen Trade. This Means That Exen Trade Has Falsified Regulatory Information And Aims To Mislead Investors.
Market Tools
Exen Trade Claims To Provide CFD Trading Services Such As Foreign Exchange, Stock Indices, Commodities, Precious Metals And Cryptocurrencies, And Provides Demo Accounts For User Experience. Supported Trading Platforms Include PC, IOS And Android Client Side.
Doubts About Trading Software
Exen Trade Claims To Use Well-known MT5 Trading Software, But After Inquiry, It Was Found That Its Server Actually Belongs To Another Company, Exen Markets Ltd (www.exenfx.com), Which Has Nothing To Do With Exen Trade. The Platform Tried To Use The Exen Markets Brand To Gain User Trust, Which Undoubtedly Deepened Its Suspicion Of Fraud.
Hidden Dangers Of Fund Deposit And Withdrawal
Although The Broker's Official Website Lists Supported Payment Methods, Including Bank Transfer, USDT, VISA, Mastercard, Etc., It Does Not Provide Any Specific Instructions For Fund Withdrawal And Withdrawal. Users Cannot Know Where The Funds Are Going And Cannot Verify Whether The Funds Are Safe, Which Is A Huge Hidden Danger For Investors.
Customer Support
The Only Contact Information For Exen Trade Is An Email Address (support@tradeexen.com), No Other Contact Information Or Any Employee Information. Once Users Encounter Problems On The Platform, They Will Not Be Able To Contact The Person In Charge. This Lack Of Transparency Is Very Abnormal.
Fake Office Address
Exen Trade Claims That Its Office Is Located At "Office No. 1, First Floor, Siva's Complex, Providence, Mahe, Seychelles". However, Upon Investigation, It Was Found That This Address Actually Belonged To Another Brokerage Firm, Radex Markets, And Had Nothing To Do With Exen Trade At All. The False Address Further Confirms Its Fraudulent Nature.
