Exteom Review: Don’t Use this Broker
Exteom.com is not a transparent broker as they’ve refused to disclose executive information on their website. This is a move intented to keep the owners safe while they continue to defraud their customers. The good news is that if you’re a victim of this bogus CFDs broker, you can recover your money here regardless of whether you funded your Exteom account with credit card or Crypto wallet.
Exteom cannot be trusted as their website is very new. It was actually registered in October 2022 and this was done anonymously.
This is a very weird broker as their official website does not allow visitors to contact them either. These folks basically created a website that pushes people to sign up for “trading” while sweeping many issues under the carpet.
The broker claims to provide a variety of “financial instruments” like Forex, Crypto, Indices, Stocks and Commoties.
They claim that their platform is secure, profitable to consumers and allows ease of finding “new opportunities”.
We’d like to let you know that these guys are not honest, and in this review we will let you know the reasons why you should never sign up or trade with this broker.
Exteom.com review and overview
Exteom is not a broker but an immitation of a trading platform. Nothing is known about the company which suggests that this is probably a website that has never been registered as a business.
Even if you would like to sue these scammers, you’d hit a dead-end because there is no physical address or name of the entity to be sued.
Failure to provide a physical address makes it difficult for us to talk about the financial regulator that’s in charge of the jurisdiction where Exteom is operating out of.
Most of the marketing material on this broker’s website is general in nature. The broker is not specific, and does not answer their customer’s questions whatsoever.
In other words, Exteom.com fails to provide reasons why they should be trusted.
The broker doesn’t have any unique product that would make them stand out from the rest (assuming they were legit).
Putting your money here would be like throwing your money into a dark hole.
There’s no guarantee that you’ll make a profit, or in the worst case scenario — recover your initial capital using conventional means such as requesting or begging them to return your funds.
How Exteom broker will scam you
Their claim to fame is that Exteom is offering CFDs for trading. But CFDs are not real financial instruments. They’re just a tool that shady brokers use to facilitate their fraud.
Once they have the “product” and you’re convinced that this is the real financial market, you’ll definitely place a deposit.
Trading CFDs is a game between the broker and the trader as all of these folks are market makers as highlighted in our Fuelta broker review.
The broker is very deliberate about his business model. They refuse to route your trades to the global financial exchanges so that you can compete fairly with other market participants.
Instead, they force you to compete with them. This is a secret that they won’t tell you and even if you confront them, they will not admit it.
It’s very difficult to suspect fowl play but these are the hints that a broker like Exteom is taking the opposite side of your trades with the intention of stealing your deposit:
1)Requotes all the time, forcing traders to enter with prices that are unfavorable
2)Hunting of your stop loss to ensure that you’re kicked out of your trades prematurely
3)Crazy spreads which eat into your deposit and profits (if any)
Above all, a broker like Exteom can easily refuse to process your withdrawal request and will not hesitate to close your account if you’re deemed a profitable trader.
Exteom is an unregulated broker
This is true because the broker does not have a license number on their website.
Nearly all countries in the world have a regulatory authority to oversee the conduct of brokers operating in their jurisdiction.
This broker is obviously operating from some country in the world where laws exist.
The broker has refused to acknowledge this on their website and this means that your deposit or investment is not safe in their hands.
They can’t guarantee you safety of your funds. As a matter of fact, the broker is at liberty to handle you in whichever way they wish as they’re not under any oversight authority.
This is actually the reason why people lose money when they trade with unregulated brokers.
Wrapping it up
Exteom should be a no-go zone for serious traders or people who value their hard-earned money.
They’ll give you the worst nightmare instead of a decent trading experience.
It does not matter what strategy you are using for trading. If this strategy proves to be a winner, the question would be whether this market maker will give you your profits. There is a 100% chance that they won’t.
Thank you for reading this review.
Luis
It’s a scam. You deposit €250 and it is no longer yours, they assign you an intermediary who manages it and who will persuade you to deposit much more money in foreign accounts. I told them I didn’t like it and wanted to control my deposit. They told me that they were in charge of managing it. Getting it back is impossible
s
estoy hasta la polla de los vendehumos y de los que los compran
ABDUl R Kabia
I invested $250 with EXEOM on 20 April since then haven’t had any contact with them again. Contact numbers they call from are scans.
VITOR ALMEIDA
Stay out, never fall in their promises as i did. They are really a scam. They don’t have license to trade anywhere. They are professional liers.
Christian
At first it was the same approach many of you described blow. 250€ just to open the account with them, and to see how it works. On top of that they added 250 € as a bonus. After one week so called account manager asked me to deposit additional 1.400€ to see how it will work with the bigger amount, and to show me the profit. There is no sense in talking to this guys as they just talk over you trying to convince you this is what you want. Connecting to my comp every time with any desktop was real alarm for me, as just a three days after I deposit 1.4k he asked me to deposit additional money to round my investment to 5k. This is where problems started as I refused to do it. At this point I made withdraw request which is still pending. Day after that someone from financial department called me to open Crypto wallet so he can transfer my money as a ETH with the huge bonus 🤣. Of course they send me fake ETH without value, I could not transfer or exchange them to any thing. After confronting them I was explained that ETC is protected and I need to put additional deposit of 20% of the ETH value to activate them.
I bought ETH for 45€ and was able to transfer token do different wallet, but it was without any value at all. The rest of the coins I purchased was transferred to unknown address, so they had access to all of my accounts. Now I was stuck with the empty wallet, and after calling them even more ETH was in my wallet but without any value so fake.
Avoid this company as this is just a fake operation.
Soonnyy
Hello, somebody can say how is possible close account in Exteom?
Kari Marin
Scam take al my money when it comes up over 1100 euro