Exprime Review: Unregulated Platform, Avoid This Broker

Are you considering trading with Exprime? If so, we strongly recommend you reconsider. This review will reveal why Exprime is a scam broker and should be avoided at all costs.

Is Exprime Legit or Scam?

Exprime is a scam broker. Here’s why:

• No Valid Forex License: Exprime operates without a legitimate forex license, making it illegal and unsafe to trade with them. Regulated brokers are held accountable and must adhere to strict guidelines to protect clients.
• Anonymous Ownership and Location: They shroud its ownership and location in secrecy. This lack of transparency is a huge red flag, as reputable brokers openly disclose this information.
• Unreliable Trading Platform: The web-based platform offered by Exprime falls short of industry standards. It lacks the functionality and reliability of established platforms like MetaTrader 4 and 5.
• Non-Transparent Fees and Policies: Fails to provide clear information on withdrawal fees, minimum withdrawal amounts, and deposit processing times. This lack of transparency is a major concern for any trader.

Company Overview

Services or Products

Exprime offers trading in Forex, Cryptocurrencies, and Commodities. However, due to the platform’s unreliability and the broker’s lack of regulation, these offerings pose a significant risk.

If you have lost money to companies like Palmer Finance, or Bitcode; please report it to us on our Report a Scam form.

Trading Platform & Leverages

Exprime boasts a web-based trading platform that pales in comparison to industry leaders like MetaTrader 4 and 5. These established platforms offer a wider range of features, advanced functionalities, and superior reliability.

Exprime offers leverage of up to 400:1. While this may seem appealing, it’s important to remember that unregulated brokers often use high leverage to lure clients in. However, high leverage can magnify losses and lead to substantial financial difficulties.

Spreads and Cost of Trading

Exprime’s spreads on major currency pairs like EURUSD, GBPUSD, and USDJPY are reportedly around 1.3 pips. However, due to the broker’s overall unreliability, this information should be treated with caution. Hidden fees and unexpected charges are common with scam brokers.

License and Regulations

Legal Warning Against Exprime

Exprime does not hold a valid forex license, making it illegal to operate. Trading with an unlicensed broker exposes you to significant risks, including:

• Loss of Funds: Unregulated brokers are not obligated to protect your funds. In case of bankruptcy or closure, you are unlikely to recover your investment.
• Manipulation: Unregulated brokers can manipulate prices and trading conditions to their advantage, leading to substantial losses for you.
• Unfair Practices: Unregulated brokers may employ unfair trading practices and tactics to exploit clients.

Deposit and Withdrawal Methods

Exprime accepts deposits via credit/debit cards, wire transfers, and Paywize. However, the lack of transparency regarding withdrawal fees, minimum withdrawal amounts, and processing times is a major red flag.

Exprime Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Trading with an unlicensed broker like Exprime exposes you to numerous risks, including:

• Loss of Funds: Unregulated brokers are not required to protect your funds.
• Market Manipulation: They can manipulate prices for their own benefit.
• Unfair Trading Practices: They may employ unfair tactics to exploit clients.
• No Dispute Resolution: If you encounter problems, there are no regulatory bodies to help resolve disputes.

Client Feedback

Exprime has a poor online reputation, with many users reporting negative experiences, including difficulty withdrawing funds and unresponsive customer service.

How Can “Reviewsadvice” Help You If You Get Scammed?

Unfortunately, if you’ve already been scammed by Exprime, recovering your funds can be challenging. However, “Reviewsadvice” can help you by:

• Raising awareness: We aim to expose scam brokers and protect potential victims.
• Educating people: We provide guidance and professional consultation to educate people on how to handle such scam situations.
• Legal Aid: If the victim needs legal support and consultation, we can provide that too. 

          Or you Can report to us today by the below form.