WikiFX Survey Team on Exclusive Markets: What Did They Find?

The WikiFX Survey Team traveled to Seychelles to verify the existence and operational presence of the forex broker Exclusive Markets, which claims to be located at Room S42(b), Second Floor, Block Praslin Tower, Espace Building, Victoria, Mahé, Seychelles.

The On-Site Visit

On November 20, 2023, the survey team arrived at Espace Building, a modern commercial complex featuring twin towers. The building, while visually well-maintained, had no security personnel present at the time of the team's visit. Upon reaching the second floor via the elevator, investigators observed that nearly half of the offices were undergoing renovation, suggesting either recent changes in occupancy or low building utilization.

Despite a thorough search of the premises, the team was unable to locate Room S42(b) or any signage indicating the presence of Exclusive Markets. To further validate their findings, the team consulted with an elderly employee working on the second floor, who confirmed she had never heard of Exclusive Markets nor seen any reference to a Room S42(b) within the building.

Findings and Implications

The results of the survey are concerning. The absence of a physical office at the brokers claimed regulatory address casts doubt on the credibility and transparency of Exclusive Markets. This raises red flags for potential investors who rely on the legitimacy and accessibility of financial service providers.

While having a physical office is not the sole indicator of a brokers reliability, the lack of one, especially when an address is publicly listed as the official business location, undermines trust and accountability.

Exclusive Markets on WikiFX

Exclusive Markets was registered in the Seychelles and has a global presence in 13 other countries, including Mexico, Dubai, Turkey, Thailand, etc. It offers trading services in more than 5000 instruments in forex, indices, metals, commodities, CFD stocks, CFD cryptos, CFD ETFs & equities.

The broker is regulated by the FSA, the regulation is offshore only, which indicates limited oversight by the authority.

Conclusion

Given the findings from this investigation, WikiFX advises investors to exercise caution when dealing with Exclusive Markets. It is crucial to perform thorough due diligence and consider multiple factors—including licensing, regulatory status, customer reviews, and physical presence—before committing to a forex broker.