Heard of Ex-sot.com trading platform? Really want to find more details? Read EX SOT Limited reviews to know about this broker.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is EX SOT Limited?
EX SOT Limited otherwise known as Ex-sot.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients.
Additionally, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
EX SOT Limited Regulation
First thing first, EX SOT Limited has not revealed any contact information about itself or its alleged registration address. The absence of any credible data about this company’s identity is quite worrisome to be honest, as we don’t actually know who stays behind it.
Obviously, the Federal Financial Supervisory Authority (BaFin) in Germany explicitly warns that Ex-sot.com is an unauthorized entity providing financial services.
It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
EX SOT Limited Minimum Deposit
EX SOT Limited offers different trading account for clients such as Beginner, Amateur and Professional. The broker specifies its minimum deposit $250 based on the account type.
In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
EX SOT Limited Payment Methods
EX SOT Limited accepts payment via cryptocurrencies only.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
EX SOT Limited Software
EX SOT Limited may offer advanced trading software like the MetaTrader5 desktop platform, it is crucial to remember that this doesn’t compensate for the absence of a legitimate forex license.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
EX SOT Limited Withdrawal
EX SOT Limited does not mention whether traders are subject to any withdrawal-related charges. Truly, this poses difficulties for clients when assessing the precise costs associated with trading through the company.
EX SOT Limited Licensing and Regulation
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Ex-sot.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
EX SOT Limited appears like a genuine trading platform, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Please share with us your experience in the comment section below. Thank you!
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