Exclusive Markets Review 2023

Overall, Exclusive Markets can be summarised as a credible and trustworthy broker and is considered average-risk with competitive trading fees and spreads. Exclusive Markets has an overall trust score of 6 out of 10 and offers traders the MetaTrader suite of platforms.

Exclusive Markets at a Glance

 

Overall Rating 4.2/5

 

Minimum Deposit: $0

 

Regulators: FSA

 

Trading Desk MetaTrader 4, MetaTrader 5

 

₿ Crypto: Yes

 

Total Pairs: 50+

 

Islamic Account: No

 

Trading Fees: Low

 

Account Activation Time: 24 Hours

 

Exclusive Markets Overview 

According to research in South Africa, Exclusive Markets is an offshore STP broker that is based in Victoria, Mahé, and Seychelles and has been in operation since 2020.

Traders can trade in more than 30,000 financial instruments including forex, metals, commodities, indices, stocks, ETFs, and cryptocurrencies.

The preferred MetaTrader5 or MetaTrader4 platforms are on offer. In addition, the broker provides trading features that include competitive commission fees, low spreads, three live account types, and a dedicated customer support team.

The team at Exclusive Markets is committed to meeting the needs of its clients and adapting to evolving financial markets. Its vision is to empower investors all over the world to build a more secure financial future.

Clients from Canada, Cuba, Iran, Iraq, North Korea, Sudan, Syria, Turkey, Belgium, the United States, Latvia, and Switzerland are not accepted by Exclusive Markets.

Exclusive Markets Safety and Security

When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.

The activities of regulated brokers are also overseen by such entities to ensure that there is no fraud or foul play, and to ensure that traders are always protected against such activities.

Exclusive Markets is situated in the Seychelles which is an offshore destination. The broker is seen as a limited liability company and as such incorporated under the laws of the Financial Services Authority (FSA) of Seychelles.

One of the most important requirements of these regulatory bodies is that client funds must be kept in accounts separate from the broker’s accounts and only be available to traders for trading activities.

It is not sure if this is the case with Exclusive Markets.

Exclusive Markets Sign-up Bonus

Exclusive Markets offer 100% bonuses with sign-up.

New traders who register a real account with Exclusive Markets, will receive a 100% sign-up bonus, a deposit bonus, or a welcome bonus.

Besides this welcome bonus, the broker also offers other promotions and rewards that traders may qualify for when they already trade with a real account with Exclusive Markets.

The 100% bonus is very welcome and can assist traders in doubling the margin money available for trading while focusing on the trading activity as such and not on margin calls.

It gives traders the extra boost they might need to succeed in trading as they can trigger larger orders and hold their existing positions for a longer time. Deposits required to qualify for the 100% bonus are only $ 100 / R 1 549.

Exclusive Markets Minimum Deposit

Exclusive Markets does not have a minimum deposit requirement on the Standard Account.

The broker does require a minimum deposit of $ 1000 /15 479  on the Pro Account and a minimum deposit of $ 5000 /R77 399   on the Exclusive Account.

Exclusive Markets headquarters in the Seychelles which is an offshore destination. The broker is a limited liability company incorporated under the laws of the Financial Services Authority (FSA) of Seychelles.

Most reputable regulatory bodies have strict requirements on how client funds should be utilized. Most bodies require that all client funds should be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

It does seem like Exclusive adheres to this regulation despite being self-regulated.

A step-by-step guide to Exclusive Markets depositing the minimum amount

Deposits can be made using the following steps:

The process of depositing funds into a trading account with Exclusive Markets is easy and hassle-free. A trader can do it from their own bank account by sending the funds to the client account with Exclusive Markets.

Step 1 – Log in

Clients can do so by logging in to their client portal and then selecting the “Fund Account” option from a menu they will find on the left of the page. You now need to choose the payment method from the list on the right-hand side of the page.

Step 2 –Make the deposit

Be sure to transfer funds in the same currency as the bank account to which they are sending them. If this is not done, traders may be subjected to currency conversion fees.

Exclusive Markets does not accept third-party payments and funds deposited by a third party will be returned to the sender.

Account Types

Exclusive Markets offers clients a choice between three live account types, namely Standard, Pro, and Exclusive accounts.

Through these accounts, traders will find that the broker offers competitive trading conditions along with comprehensive solutions and services.

Exclusive Markets Account Features

The following features can be expected of the three account types:

 

All the accounts offer a minimum lot size of 0.01 and a maximum lot size of 100. Margin Call/Stop out are 100/50 and trading can be done on both platforms.

How to set up an Exclusive Markets Demo Account – Step by Step

A free demo account can be opened with Exclusive Markets by using the following steps:

Step 1 – Open Your Account

• Navigate to the Moneta Markets homepage

• Click on the demo account button on the bottom right of the page

Step 2 – Fill out the form

• • Complete the simple online registration form. Provide your full name, email address, and phone number, and create a password for your demo account

  • Read and accept the terms and conditions

  • Click “Start Trading” to immediately launch your demo account

 For beginner traders, trading can be a very intimidating task if they do not have skills, prior knowledge, or experience in trading. Therefore, demo accounts play such a significant role since they provide a comprehensive and risk-free environment for beginner traders to practice trading.

A demo account is nothing more than a practice account since it provides traders with the ability and freedom to explore what a broker has to offer. This does not come with the risk of experiencing losses since virtual money is provided to practice trading.

Beginner traders use demo accounts to familiarize themselves with the live trading environment on offer with a specific broker, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.

Demo accounts are also utilized by advanced traders as it allows them to explore what a broker like Exclusive Markets has to offer. Demo accounts are not merely intended only for beginners.

Exclusive Markets Islamic Account

Exclusive Markets make provision for the opening of an Islamic Account for clients that follow the Muslim faith and fall under the strict regulation of the Sharia Law.

The Islamic Account is a standalone account with a separate application procedure and is subject to Exclusive Markets’ approval. The website states that Islamic Accounts can be opened on all three live account types. For more information and to register for an Islamic Account, clients should contact customer services.

The biggest difference on the Islamic account is that Muslim clients have an additional swap-free option without being charged during overnight positions of swaps or rollover interests which is against the Sharia law.

Exclusive Markets Trading Platforms

 The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. While some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.

Exclusive Markets offers both MetaTrader5 and MetaTrader4 which can be used to execute trades. Both these trading platforms are powerful and allow for diverse customization.

Both trading platforms are available for use with desktop PCs and mobile devices that run on either iOS or Android. Alternatively, traders can also use either trading platform from their web browser.

Exclusive Markets Fees and Spreads

Exclusive Markets’ spreads start from 0.0 pips.

These low spreads only apply to the Pro and Exclusive account types. The Standard Account, which is seen as the beginner account, spreads start from 0.01 pips

Standard account

The Standard account also offers no commission fees when trading with it. Commissions on the Pro and Exclusive accounts for forex and metals are $ 5 per side per lot on the Pro and $ 3.5 per lot on the Exclusive.

A transparent and competitive spread list can be found on the broker’s website.

Exclusive Markets Deposit and  Withdrawal

When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.

The following payment methods can be used when making a deposit or withdrawing funds:

MasterCard

Visa

Skrill

Neteller

Bitcoin

Tether

Bank Wire Transfer

Currencies that can be used are USD, EUR, GBP, JPY, MYR, THB, IDR, VND, and BRL.

Withdrawals take up to 24 hours to be processed depending on whether the request was made prior to 15:00 GMT. Requests that come in later, will be processed the next day.

Wire Transfers are processed within 24 hours, but it takes between 3 – 5 working days for funds to reach the client’s bank account.

Exclusive Markets Current Popularity Trend

According to Google Trends, here is an overview of how frequently the search term – “Exclusive Markets” is entered into Google’s search engine over a given period of time.

Exclusive Markets vs Etoro vs XM – Comparison Table

Exclusive Markets Best Countries by Traders

Customer Reviews

Genial

Super friendly, super-efficient, and an excellent job, they solved my problem very quickly. great!

 

The best Broker I have ever tried, with good trading conditions, many assets to be able to operate, copy trading, and a lot of services it offers, above all, I would highlight the customer service: fast and decisive.

withdrawals always on time and without problems, I recommend it 100%

 

Exclusive Markets Pros and Cons

key points about Exclusive Markets:

1. Exclusive Markets Offerings: • Comprehensive coverage of investment services including 5 FX trading accounts and 1 Custodial trading account for Stock Exchanges.

2. Exclusive Customer Support: • Our dedicated support team is committed to providing top-notch assistance to both traders and investors.

3. Crypto-Friendly Environment: • Exclusive Markets is crypto-friendly, offering seamless integration with KiraPay for our valued Nigerian clients.

4. Unbeatable Trading Conditions: • Enjoy 0.0 pip spreads, industry-leading 1:2000 leverage, lightning-fast withdrawals, and the assurance of Negative Balance Protection.

5. Recognized Excellence: • Exclusive Markets is a multi-awarded broker, a testament to our commitment to excellence in the industry.

6. Exclusive Copy Trading: • Harness the power of our cutting-edge Copy Trading platform, allowing traders to replicate the strategies of successful investors.

Conclusion

Overall, Exclusive Markets can be summarized as a credible and trustworthy broker and is considered average-risk with competitive trading fees and spreads. Exclusive Markets has an overall trust score of 6 out of 10. Exclusive Markets offers traders the MetaTrader suite of platforms as well as a basic web and mobile app.

Disclaimer

Exclusive Markets warn traders that CFDs are complex instruments and come with a substantial risk of losing money rapidly. You should consider whether you understand how CFDs work and whether you can afford to take the considerable risk of losing your money.

Leverage can work both to your advantage and disadvantage and before deciding to trade with Exclusive Markets, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

Movements in the price of foreign exchange and commodities are very unpredictable, hence Exclusive Markets cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Risk Management

Exclusive market risk management is a strategy that aims to minimize risks in a market that is exclusive or limited in nature. This could include:

1. Diversifying investments across different segments or products within the exclusive market

2. Monitoring market trends and economic indicators to anticipate changes or potential risks

3. Implementing risk mitigation strategies such as hedging or insurance

4. Regularly reviewing and updating risk management plans to adapt to changing market conditions.

The goal of exclusive market risk management is to protect investments and ensure sustained growth in a market that may be more vulnerable to risks and uncertainties due to its exclusiveness.

Frequently Asked Questions

What type of broker are Exclusive Markets?

Exclusive Markets is an STP (Straight through processing) online broker that operates from Victoria, Mahé in Seychelles. The broker was founded in 2020.

Are Exclusive Markets a fake or a scam?

No, the broker is a reputable financial investment services company that allows clients to trade over 30,000 instruments using the MT5 platform.

Which platforms are supported by Exclusive Markets?

The trading platforms supported  are MetaTrader4 and MetaTrader5.

What is the overall rating out of 10?

The overall rating for  is 6/10.

What are the advantages of trading with Exclusive Markets?

Whether you are a novice or simply have no time to monitor the markets you can leverage our traders’ skills and knowledge and trade like an expert.

 

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