A Trusted Forex Broker
The Exclusive Markets Forex Broker's 1:2000 maximum leverage and suite of 300+ trading instruments might grab your interest. These features look great on paper, but you need to think over several things before starting an account with this Seychelles-based broker.
Exclusive Markets provides popular platforms like MetaTrader 4 and MetaTrader 5, and you can start with just $200. However, here's a major red flag - no top-tier financial authority regulates this broker. This becomes a crucial point when we rate broker trustworthiness.
Our detailed review will get into everything from trading platforms to costs, security measures and actual performance. We aim to help you decide if this 5-year old broker matches your trading style, given its current regulatory position.
What is Exclusive Markets Broker?
Exclusive Markets is a financial services provider that gives traders access to multiple trading instruments through MetaTrader platforms. The broker operates under Seychelles Financial Services Authority (FSA) regulation with license number SD031. Their registered office is at Suite 18, Third Floor, Vairam Building, Providence, Mahé.
Company Background and History
Exclusive Markets, a 3-year old company, has become a significant player in the online trading world. The company runs through two main entities. Exclusive Markets Ltd in Seychelles manages the primary brokerage operations. Exclusive Markets (Cyprus) Ltd acts as the payment agent with registration number HE 421534.
The broker aims to give traders simple access to financial markets. Their team has over 30 years of combined trading industry experience. The broker now serves clients in Dubai, Pakistan, India, Nigeria, Mexico, Turkey, Vietnam, Kazakhstan, Kenya, Brazil, Thailand, Indonesia, and Colombia.
Available Trading Products
Exclusive Markets offers a wide range of trading instruments in assets of all types. Traders can access over 5,000 financial instruments that cover:
- Forex Trading: Over 70 currency pairs including major, minor, and exotic combinations with spreads starting from 0.0 pips
- Metals and Commodities: Trading options in precious metals like gold and silver, plus energy products such as crude oil and natural gas
- Global Indices: Access to 30 key global indexes with competitive spreads
- Stocks and ETFs: Over 200 stock CFDs from leading US and European companies, along with 40 ETF CFDs for broader market exposure
- Cryptocurrency CFDs: Trading options for popular digital assets including Bitcoin and Ethereum
The broker uses negative balance protection to protect traders from market volatility. They offer leverage ratios up to 1:2000 based on account type and traded instrument. Traders can use traditional payment methods like bank transfers and cards, as well as e-wallet options including Neteller, Skrill, and FasaPay.
The broker doesn't serve residents of Belarus, Canada, Cuba, Iran, Myanmar, North Korea, Russia, Sudan, Syria, and the United States. They also make it clear that they don't hold or store cryptocurrency assets directly.
Trading Central's technical analysis tools help traders make informed decisions based on professional market insights. The broker processes withdrawals within 24 hours, so traders can access their funds quickly.
Security and Regulation Status
A broker's reliability depends on understanding its regulatory framework. Exclusive Markets follows specific regulations and security protocols that need a closer look.
FSA Seychelles Oversight
The Financial Services Authority (FSA) of Seychelles acts as the main regulatory body for Exclusive Markets, which holds license number SD031. The FSA has managed to keep watch over non-bank financial institutions in Seychelles since 2013.
Exclusive Markets must follow specific financial conduct standards and meet set solvency levels under FSA supervision. The FSA holds a Tier-3 regulatory status, which provides simple oversight compared to the strict controls in major financial centers.
The FSA's regulatory framework covers these key duties:
- Monitoring compliance with financial laws
- Granting licenses to qualified entities
- Promoting local financial sector development
- Submitting legislative recommendations
Fund Safety Measures
Client funds receive multiple layers of protection at Exclusive Markets. The broker keeps client capital in segregated accounts, separate from operational funds, as required by FSA. These accounts sit with top-tier banks to ensure extra security.
The broker earned ISO/IEC 27001:2022 certification from MSECB, showing its commitment to:
- Advanced data protection protocols
- Resilient risk management frameworks
- Strict access control measures
- Reliable incident response mechanisms
Client funds get insurance coverage against unexpected events. The broker also enforces strict anti-money laundering policies and counter-terrorism financing measures.
Risk Management Features
Exclusive Markets builds several risk management tools into its trading infrastructure. The platform stops account balances from going below zero through automatic negative balance protection.
The broker's risk management framework includes:
- Set risk limits that protect capital from excessive losses
- Automated systems that track margin requirements
- Immediate position tracking mechanisms
- Options to spread risk across multiple instruments
The broker's information security management systems ensure:
- Client data stays confidential
- Trading operations remain intact
- Platform services stay available
Services are not available in the USA, Canada, Cuba, Iraq, Iran, North Korea, Sudan, Syria, Russia, and Belarus. This selective approach matches their dedication to compliance and risk management.
Clients must verify their identity and provide documentation for all financial transactions. The broker's strict policy ensures funds return to their original source, with no third-party transfers allowed.
These measures help create a secure trading environment. Still, CFD trading through the platform can lead to quick capital losses. Traders should know their risk tolerance and understand these products before they start trading.
Real Trading Experience
My actual testing of Exclusive Markets gave me vital insights about their trading performance. After thorough evaluation, I found that there were both strengths and problems that traders should think over.
Order Execution Speed
The platform delivers quick order execution speeds starting from 0.1 seconds. Quick execution becomes valuable during volatile market conditions when price movements can affect trading outcomes by a lot.
The execution speed changes based on several factors:
- Market volatility levels
- Instrument being traded
- Server load at that time
- Account type selected
Major currency pairs showed tighter spreads from 1.2 pips on Standard Accounts to as low as 0.0 pips on Pro Accounts. These spreads change based on market conditions and account specifications.
Platform Features and Tools
Trading platforms are the foundation of what brokers can offer their clients. Exclusive Markets gives traders access to MetaTrader 4 and MetaTrader 5 on desktop, web, and mobile apps. Each platform comes with unique features that suit different trading styles and priorities.
MetaTrader 4 Capabilities
MetaTrader 4 delivers lightning-fast executions and reliable performance through dedicated VPS hosting servers. Traders can use nine different timeframes along with 23 analytical objects and 30 technical indicators to get a complete market analysis.
The platform shines with its strong order execution system that offers:
- Market and pending orders with instant execution
- Single-click trading functionality
- Real-time quotes with minimal delay
- Customizable charts with multiple viewing options
MT4's trade management tools help traders watch their positions with stop-loss and take-profit orders. A margin monitoring system tracks levels constantly and sends margin call alerts quickly to help manage risk better.
Traders who love automated trading can use Expert Advisors (EAs) to automate strategies based on preset rules. High server uptime means traders can access markets without interruption.
MetaTrader 5 Analysis Tools
MetaTrader 5 takes MT4's core features to the next level. This platform has 21 timeframes plus extra technical indicators and analytical objects. Market Depth stands out as a key feature with tick charts and Time & Sales information.
MT5's advanced features have:
- A complete trading system supporting multiple order types
- One-Click Trading with Market Depth integration
- Virtual hosting options for smooth platform operation
- Advanced charting tools with customizable interfaces
A built-in economic calendar helps traders stay on top of market-moving events. Traders can create custom indicators and automated trading algorithms using the MQL5 programming language.
MT5 stands out with these innovative tools:
- Immediate trading signals to copy strategies
- Strategy tester to analyze historical data
- Advanced market analysis capabilities
- Flexible trading systems with customizable parameters
The platform works smoothly across Windows, Mac, iOS, and Android systems. Traders can manage their positions from anywhere with this cross-platform compatibility.
Both platforms use strong security measures to keep user data and funds safe. Virtual hosting gives traders consistent platform performance and faster execution speeds. Traders get complete flexibility with various order types including market orders, limit orders, stop orders, and trailing stop orders.
Withdrawal Process Timeline
The withdrawal experience tells a mixed story. Official documentation states that Exclusive Markets processes withdrawal requests within 24 hours. Approved funds move through different payment methods:
- Bank transfers: 1-5 business days to complete
- E-wallets: Usually within 24 hours
- Cryptocurrency: Generally few hours
- Credit/debit cards: Varies by issuer
Real user experiences tell a different story. Many traders faced big challenges with withdrawals. Some users dealt with long delays and problems accessing their funds. A trader from Thailand had to send multiple follow-up emails without getting timely responses about their withdrawal status.
The withdrawal process works this way:
- Log into Client Dashboard
- Select 'Funds' option
- Choose 'Withdraw Funds'
- Pick account/wallet for withdrawal
- Select preferred withdrawal method
- Submit required details
The amount comes off the trading account right after submission, and you get an email confirmation. The broker advertises zero transaction fees, but third-party charges might apply based on your payment method.
Your withdrawal might get rejected due to:
- Incomplete documentation
- Unverified trading accounts
- Insufficient available funds
- Technical processing issues
The broker's strict policies don't allow third-party transfers. All withdrawals must go back to the original funding source under the account holder's name, which sometimes leads to delays.
Recent feedback from users shows mixed experiences. Some users praise the support team's quick responses, while others report serious issues with withdrawal processing. These different experiences point to uneven service quality across regions and account types.
Conclusion
I've really tested Exclusive Markets' services and have mixed feelings about what they offer. Their wide range of trading instruments and competitive spreads stand out, but you need to think over several things before opening an account.
The broker's MetaTrader platforms work reliably with advanced trading tools that match industry standards. They offer different account types for traders at all levels. You can start with just $10 for a Cent account or go up to the premium $500,000 Shares account.
The Tier-3 FSA Seychelles regulation raises valid concerns about security. The service quality for withdrawals varies between regions, which becomes a big issue with the high minimum deposits needed for premium accounts.
This broker's strong points are their technical setup and competitive trading conditions. The regulatory limits and withdrawal problems that some traders face can't be ignored. Experienced traders who are comfortable with offshore brokers might find Exclusive Markets suitable. New traders should weigh these factors against their goals and risk tolerance carefully.
FAQs
Q1. Is Exclusive Markets a regulated forex broker? Yes, Exclusive Markets is regulated by the Financial Services Authority (FSA) of Seychelles with license number SD031. However, it's important to note that the FSA is considered a Tier-3 regulator, offering basic oversight rather than the stringent controls found in major financial hubs.
Q2. What trading platforms does Exclusive Markets offer? Exclusive Markets provides traders with access to both MetaTrader 4 and MetaTrader 5 platforms. These are available through desktop, web, and mobile applications, offering a range of features including multiple timeframes, technical indicators, and automated trading capabilities.
Q3. What are the minimum deposit requirements for Exclusive Markets accounts? The minimum deposit requirements vary depending on the account type. The Cent account has the lowest minimum deposit at $10, while the Standard account requires $100. The Standard Plus account needs $500, the Exclusive account requires $100,000, and the Shares account has the highest minimum deposit at $500,000.
Q4. How long does the withdrawal process take with Exclusive Markets? According to Exclusive Markets, withdrawal requests are processed within 24 hours. However, the actual time for funds to reach your account can vary depending on the payment method. Bank transfers may take 1-5 business days, while e-wallet withdrawals are usually completed within 24 hours.
Q5. What security measures does Exclusive Markets implement to protect client funds? Exclusive Markets implements several security measures, including segregated client accounts held with top-tier banking institutions. They have also achieved ISO/IEC 27001:2022 certification, demonstrating commitment to data protection and risk management. Additionally, the broker offers insurance coverage for client funds and enforces strict anti-money laundering policies.
