General Information & Regulation
EXMA TRADING, a trading name of EXMA TRADING LLC, is allegedly a forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and floating spreads from 0.0 pips on the MT4 and MT5 trading platforms via three different live account types, as well as 24/7 customer support service. Here is the home page of this brokers official site:
However, as for regulation, it has been verified that EXMA TRADING does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.82/10. Please be aware of the risk.
EXMA TRADING advertises that it offers access to 1,250+ markets, including forex, metals, indices, cryptocurrencies, stocks and commodities.
Apart from free demo accounts, EXMA TRADING claims to offer three types of live trading accounts, namely Gold, Diamond and Ruby. The minimum initial deposit is $250 for the old account, while the other two account types have much higher minimum initial capital requirements of $2,500 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
The leverage provided by EXMA TRADING is adjusted based on account types. For instance, clients on the Gold account can experience a leverage of 1:100, while the Diamond and Ruby account can enjoy a higher leverage of 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
All spreads with EXMA TRADING are a floating type and scaled with the accounts offered. Specifically, the spread on the Gold account starts from 1.7 pips, while the Diamond and Ruby account members can enjoy tighter spreads from 0.0 pips. As for the commission on forex and metals, there is no commission charged on the Gold account, while the Diamond and Ruby account have to pay a commission of $5 and $3.5 per side per lot respectively.
Trading Platform Available
The platform available for trading at EXMA TRADING is one of the most notable and preferred trading platforms the market offers - MT4 and MT5 for Desktop, Mobile Apps and WebTrader. MT4 & MT5 are highly praised by traders and brokers alike due to their ease of use and great functionality. Both of them offer top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
EXMA TRADING says to work with numerous means of deposit and withdrawal choices, consisting of credit card and bank transfers, as well as multiple cryptocurrencies. The minimum initial deposit requirement is $250. All deposits and withdrawals are said to be charged a 1% transaction fee, and they can be processed instantly.
EXMA TRADINGs customer support can be reached by telephone: +44 2045252031, email: email@example.com or live chat. Company address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kings-town, St. Vincent, and the Grenadines.
Pros & Cons
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.