Exelium
Pros and Cons
Pros
- Offers a wide range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- Supports the MetaTrader 5 trading platform for advanced trading functionalities
- Multiple account types available, including Classic, Premium, VIP, and Islamic accounts
- Low minimum deposit requirement of $5 for account opening
- Provides customer support via live chat and email
Cons
- No regulation by recognized financial authorities
- Potential risk of fraud due to lack of oversight
- High leverage options may lead to significant losses
- Limited educational resources for traders
- Potential inactivity fees for dormant accounts
Basic Information
User Reviews
Exelium Overview
Exelium Ltd is an online forex broker established in Anguilla, with an operating period of 2-5 years. This broker is not regulated by any recognized financial authorities, which adds a layer of risk for potential traders. Exelium offers a platform for trading various assets, including forex, commodities, indices, stocks, and cryptocurrencies. The company operates from its registered address at Valley, AI-2640, No.8 Cassius Webster Building, Grace Complex, Anguilla, and can be contacted via their customer support email at support@exelium.com.
The broker provides access to the MetaTrader 5 trading platform, allowing traders to engage in a diverse range of trading activities. Exelium features multiple account types, including a demo account and offers competitive trading conditions, such as low minimum deposits starting at $5. Customer support is available through live chat, enhancing the overall trading experience. However, it is crucial to consider the lack of regulation when evaluating Exelium as a potential broker for your trading needs.
Is Exelium Safe? Regulation Analysis
Regulatory Information
Exelium Ltd is not regulated by any recognized financial authority. This lack of regulation poses significant risks for traders, including the absence of investor protection mechanisms which are typically offered by regulated brokers. Trading with unregulated brokers can lead to higher potential for fraud and inadequate recourse in the event of disputes. Therefore, potential clients should exercise caution when considering Exelium as their trading platform.
Is Exelium Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does Exelium offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major & Minor Pairs | Many |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Exelium offers a diverse range of trading instruments across multiple asset categories, catering to different trader needs and strategies. With options in Forex, commodities, indices, stocks, and cryptocurrencies, traders can build a well-rounded portfolio. This variety allows beginners to explore basic trading strategies while enabling experienced traders to implement more complex techniques. The availability of multiple asset types supports portfolio diversification, which is essential for managing risk and optimizing returns in various market conditions. Overall, Exelium’s platform provides flexibility that can accommodate both short-term and long-term trading approaches.
Account Types and Trading Conditions
What Account Types and Fees Does Exelium Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Classic Account | Beginners | Low minimum deposit, standard spreads | Suitable for small-capital practice |
| Premium Account | Experienced Traders | Low spreads, reduced commissions | Requires higher trading volume qualifications |
| VIP Account | High-Volume Traders | Zero spreads, minimal commissions | Requires significant capital investment |
| Powerful Leverage Account | Traders seeking high leverage | Maximum leverage of 1:5000 | High-risk strategy suitable for experienced traders |
| Demo Account | All Traders | Practice trading without risk | Ideal for testing strategies before live trading |
| Islamic Account | Traders requiring swap-free options | Compliant with Sharia law | Available for eligible clients upon request |
Account Opening Process
To open an account with Exelium, traders need to complete the following steps: first, provide personal information, which includes details such as name, email, and phone number. Next, employment information is required, including occupation and employer details. Following this, financial information should be submitted, outlining trading experience and financial status. Identity verification is essential, which involves submitting a valid ID and proof of address. After verification, traders have the flexibility to upgrade their accounts, such as moving from a Classic to a Professional account, depending on their trading needs and experience level.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 1 | $0 (ECN: $3.5/lot) | Competitive spreads on popular pairs |
| CFDs (Stocks, Indices, Commodities) | Varies | $0 (ECN: $3.5/lot) | Varied spreads based on market conditions |
| Cryptocurrencies (BTC/USD) | Varies | 0.1% | Variable depending on market volatility |
Other Fees
Exelium does not impose any deposit or withdrawal fees, providing a cost-effective solution for traders. However, traders should be aware of potential inactivity fees that may apply if accounts remain dormant for an extended period. Additionally, overnight interest (swap rates) may be applicable on certain positions held overnight. Currency conversion fees may also apply if trading in different currencies. Overall, traders should carefully consider these factors when managing their accounts and trading activities.
Trading Platforms and Apps
What Trading Platforms and Apps Does Exelium Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo account available |
| Web Version | Any device with internet access | Encryption, market search, one-click trading, push notifications | No additional services |
| Mobile App | iOS, Android | Biometrics, quick login, real-time alerts, financial news | No additional services |
Exelium offers the MetaTrader 5 platform, which is ideal for advanced traders seeking diverse tools and functionalities. The web version ensures accessibility across devices, making it convenient for traders to manage their accounts from anywhere. The mobile app enhances trading on-the-go, providing secure logins and real-time alerts to keep traders informed. Overall, Exelium supports efficient trading operations through its platform offerings, focusing on user security, fast execution, and effective market analysis tools.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Credit/Debit Card | Instant | No platform fee | Min $5, Max $10,000 | USD, EUR |
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $20,000 | USD, EUR |
| Cryptocurrency | Instant | No platform fee | Min $5, Max $5,000 | BTC, ETH |
| E-wallets | Instant | 1.5% charge | Min $5, Max $10,000 | USD, EUR |
Minimum Deposit
Exelium requires a minimum deposit of $5 to open an account. This amount remains consistent across all payment methods and account types, making it accessible for new traders.
How to Withdraw
- Log into your Exelium account.
- Navigate to the withdrawal section of the platform.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw and confirm the transaction.
- Submit any required verification documents if prompted.
- Wait for the withdrawal to be processed, which could take up to 5 business days for bank transfers.
Customer Support
Exelium Customer Support Overview
Support Channels
Exelium provides several contact methods to assist customers with their inquiries and issues. The primary support channel is through email at support@exelium.com, where traders can expect timely responses. Additionally, live chat support is available on their website, offering immediate assistance for urgent queries. While telephone support is not explicitly mentioned, customers can reach out via the contact number +1‑758‑572‑0201 for further help.
Service Availability
Exelium’s customer support is accessible during standard business hours. The availability of multilingual support is not specified, so potential users should verify this based on their individual needs.
Frequently Asked Questions
Exelium Ltd is not regulated by any recognized financial authority. This lack of regulation means that there are no investor protection mechanisms in place, which can increase the risk of fraud and limit recourse options in case of disputes. Traders should exercise caution when considering Exelium as their trading platform.
Exelium offers competitive trading conditions including a low minimum deposit starting at $5, a variety of account types such as Classic, Premium, VIP, and Powerful Leverage accounts, and access to the MetaTrader 5 platform. However, traders should be aware of the potential risks due to the lack of regulation.
As Exelium is not regulated, there are no formal investor protection measures. Traders should be cautious and consider the risks involved with trading through an unregulated broker. It is advisable to manage funds wisely and be aware of the potential for losses.
Exelium offers customer support primarily via email at support@exelium.com and through live chat on their website for immediate assistance. While they provide timely responses, users should note that telephone support is available only through the contact number +1‑758‑572‑0201.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.