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No Regulation
Score
1.26 /10
Danger
Exteom
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index5.06
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
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40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Feature | Information |
| Company Name | Exteom |
| Registered Country/Area | China |
| Founded Year | 2022 |
| Regulation | Unregulated |
| Customer Support | N/A |
What is Exteom？
Exteom is a company presenting itself as a trading platform, but there are red flags suggesting it might be a scam. Several sources raise concerns about Exteom, including a lack of regulation by any financial authorities and negative reviews from people who believe they were defrauded. If you're considering using Exteom, it's best to avoid it and choose a different trading platform that is licensed by a reputable financial institution.
Also, you should notice that the official website of Exteom, https://www.exteom.com/#/ is currently encountering functionality problems.
Regulatory Status
Regulatory warnings have been issued against Exteom by the Spanish National Securities Market Commission (CNMV), indicating a high risk. Exteom is not authorized to operate as a trading platform and may be involved in illegal activity. Because it's unregulated and blacklisted, it's best to avoid Exteom altogether. Look for a trading platform that is licensed by a reputable financial institution.
Warning
Reviews suggest Exteom's terms make it hard to withdraw money, they pressure you to invest more, and their promised returns are unrealistic. They withhold risk warnings and disappear after you invest.
Pros & Cons
| Pros | Cons |
| N/A | Unregulated |
| Difficult Withdrawal | |
| Unrealistic Returns |
Pros:
N/A
Cons:
Unregulated: Exteom is blacklisted by the Spanish National Securities Market Commission (CNMV), a major red flag. This means they lack authorization to operate as a trading platform and could be involved in illegal activity.
Difficult Withdrawal: Reviews suggest Exteom's terms make it hard to withdraw money you invest. This could be through manipulative clauses or unreasonable withdrawal policies.
Unrealistic Returns: Exteom's website might make claims of high returns that are simply not achievable. Don't be fooled by promises of quick and easy wealth.
Conclusion
Exteom, a company presenting itself as a trading platform, exhibits numerous red flags. Exteom lacks regulation and is blacklisted by a financial authority, raising serious concerns. Reviews suggest they make withdrawing money difficult, pressure users to invest more, and promise unrealistic returns. With these disadvantages and a complete lack of advantages, it's best to avoid Exteom altogether
Frequently Asked Questions (FAQs)
Question: I've heard it can be difficult to withdraw money from Exteom. Is that true？
Answer: Reviews suggest Exteom's terms make it hard to get your money out. This could be due to unreasonable withdrawal policies or hidden clauses.
Question: Exteom's website promises high returns. Can I really make that much money？
Answer: Be wary of promises of quick and easy wealth. Reviews suggest Exteom's advertised returns are unrealistic.
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