EXUN-Gold Review: exun-gold.com a Scam? - Topedgefx.com

EXUN-Gold Review: exun-gold.com a Scam?

Welcome to the EXUN-Gold review.

EXUN-Gold is purporting to be the best broker in Asia. They claim that their company is headquartered in Hong Kong.

The official website has a lot of sections with texts encouraging investors to trade in Gold and precious metals.

In fact, they operate like Blue signals fx scam.

The details are not very clear plus the broker or financial service is not operating in a similar fashion to regulated brokers who offer MT4 platform for trading. 

EXUN Gold appears to offer various account types for trading.

In summary, details of their standard trading account are as follows:

[tabs][tab title=”Account Type”]Standard[/tab] [tab title=”Minimum deposit”]0 dollars[/tab] [tab title=”Leverage”]1:200[/tab] [tab title=”Spread”]From 45 cent for a pair like XAUUSD[/tab][/tabs]

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Details of other account types offered by EXUN Gold are as follows:

[tabs][tab title=”Professional”]ECN account with margin of 0.5% to 1%

Spreads: variable

Commission: 0.03% of the volume of transaction

[/tab] [tab title=”Standard swap-free”]

ECN account with margin of 0.5% to 1%

Spreads: variable

Commission: 0.01% of the volume of transaction

[/tab] [tab title=”Professional swap-free”]

ECN account with margin of 0.5% to 1%

Spreads: variable

Commission: 0.04% of the volume of transaction

[/tab] [tab title=”Investing”]

ECN account with margin of 0.5% to 1%

Spreads: variable

Commission: 0.03% of the volume of transaction

[/tab][/tabs]

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In addition to the account types above, EXUN Gold offers “portfolio management services” for investors of Gold, Silver and other precious metals.

Minimum deposit starts at $30,000.

Exun-gold review

These portfolio management services have investment duration of 3 months (on the minimum) and up to 12 months.

EXUN Gold does not disclose details of what they do and how they generate income from the funds they collect.

Before you consider “investing” in EXUN-Gold, you should think twice because we’re going to raise issues that need consideration.

Also, the infamous Blue Trading scam is back but this time using the name West Capital Trading. See our review of the same. 

EXUN-Gold Review review

They claim that the company behind this website is known as E-XUN ASIA COMPANY LIMITED which was founded in 2002.

about Exun-gold

Additionally, there’s another company based in Estonia with a similar name. Exun-Gold claims that this company is acting as their “representative”.

None of these entities have been authorized to provide any kind of financial services, either in Hong Kong or across the world.

Nonetheless, the website defends itself using a very interesting statement.

Trading bullion is not regulated by the Securities and Futures Commission (“SFC”), and therefore this trading is not subject to the rules or regulations promulgated by the SFC, which include, but are not limited to, the Client’s Asset Management Rules.

SFC is the main financial regulator in Hong Kong. Them not regulating brokerages offering CFDs or purporting to do so is an absurd thing.

We strongly believe all brokers offering Forex and CFDs trading instruments in Hong Kong and Asia in general should be regulated.

Therefore, it is in order for EXUN-Gold to provide their license because they’re offering trading in Gold and other metals including Cryptocurrencies.

We’ve learned that Exun does not offer delivery of Gold Bullion. Moreover, they appear to be a de facto currencies broker.

Based on this information, we should just conclude that Exun-Gold is unregulated and could be risky to trade with.

Metals and Crypto portfolios

Exun-Gold offers 12 instruments for trading which include 4 spot metals against various currencies.

Elsewhere, brokers offer a variety of trading instruments to suit the needs of their clients. These brokers offer trading in Forex, stocks, oil and even Crypto currencies.

Nonetheless, Exun is all about investing in precious metals.

When we peruse the site some more, we find a page that makes a rapid shift from precious metals to Cryptocurrency investing.

Gold and other precious metals have been used as a store of value since time immemorial while Cryptos are a modern alternative form of payment.

Exun-gold.com has created 4 different “investment portfolios” where they claim investors can earn up to 408% in 6 months.

There is no information about what kind of investing is being done in any of these portfolios in order to generate such returns.

We can only suspect that this is a high yield investment project where clients of exun-gold.com are persuaded to place a deposit on the promise that a specific percentage of return will be earned.

This is how HYIPs operate and most of the time a HYIP is basically a pyramid scheme.

Exun-gold Review: the truth

Nothing is known about the company behind this investment brokerage apart from the little information that we’ve shared with you.

Consider this a red flag because an investment firm must be properly incorporated and even licensed.

Unfortunately, exun-gold.com is neither incorporated or licensed by the financial regulator of Hong Kong.

On the other hand, we do not want to be so naive to believe that Hong Kong financial regulator does not have rules for brokerages offering Gold and precious metal CFDs.

In fact, our biggest fear and concern when it comes to Exun is the fact that they are not regulated.

Any investor putting their money here will have to take a big risk considering that the minimum deposit for their “investment portfolio” is $30,000.

Exun-gold investment portfolios

Financial authorities such as the FCA or even Cyrus requires brokers to keep their investors’ funds in a segregated account.

This means that traders and investors funds are separated from the company’s operational capital.

In addition to this, when investment brokerages are part of Financial Services Compensation Scheme (FSCS), they always ensure that every trader or investor is insured up to a certain sum of money.

But for a broker to qualify for this insurance, they must pay a certain premium so that in case the company becomes insolvent, clients can be compensated.

In short, Exun-Gold is not regulated and so clients will not enjoy any of these benefits.

Furthermore, their operations could also suggest that they are also running a pyramid scheme alongside genuine Metals CFDs trading services.

The only thing we like about Exun-Gold is that they offer the usual MT4 trading platform plus leverage can be up to 1:200.

The bad is now obvious. No matter what Exun Gold claims regarding why they are not regulated, you should not take their word for it.

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