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Score
Latvia
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
Suspicious Overrun
High potential risk
Influence
Add brokers
Comparison
Quantity 6
Exposure
Score
Regulatory Index0.00
Business Index6.68
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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Company Name
Explore
Company Abbreviation
Explore
Platform registered country and region
Latvia
Company website
Company summary
Pyramid scheme complaint
Expose
I can't withdraw my money
Is the above content reasonable? I don’t know what the next excuse can be, it’s curious
If you deposit, you can’t withdraw funds at all
Cannot withdraw money from the account
The TPI top up cannot be withdrawn
When you want to withdraw money Informed for the first time that the transaction volume was insufficient due to bonus receipt The second time you want to withdraw money to complete the transaction volume, they lack the program operation that they say is improper. When I want to withdraw money for the third time, I say that the profit and capital are not proportional to the deposit.
Note: Explore's official website: https://apk14.global-exptrade.com/ is currently inaccessible normally.
Explore is a brokerage firm registered in Latvia. This firm's regulatory status is suspicious clone because its actual company name does not match with the one on the regulatory certificate. And its website maybe has been shut down for years. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.
Regulatory Status | Suspected Fake Clone |
Regulated by | ASIC |
Licensed Institution | EXPLORE PTY LTD |
Licensed Type | Common Business Registration |
Licensed Number | 65 080 679 303 |
Explore's regulatory status is suspicious clone. From the certificate, we can see:
But the name of company provided by this broker is “explore”. This inconsistency shows that they're providing false licenses to deceive traders.
Explore's official website is currently not working. Maybe it's time to find another brokerage.
You can only find limited information about this brokerage online.
Explore's regulatory status is suspicious fake clone. Before choosing a brokerage, remember to consider the risk involved.
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Please review this information before opening account with this brokerage. And you can consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are seven pieces of Explore exposure in total. I'll introduce two of them.
Exposure 1. I've topped up but can't withdraw
Classification | Unable to Withdrawal |
Date | June 10, 2024 |
Post Country | Indonesia |
The user said:“I've topped up but can't withdraw.” You may visit: https://www.wikifx.com/en/comments/detail/202406109652539628.html
Exposure 2. Cannot withdraw money from the account
Classification | Scam |
Date | May 1, 2024 |
Post Country | Indonesia |
The user said:“Cannot withdraw money from the account.” You may visit: https://www.wikifx.com/en/comments/detail/202406109652539628.html
There are plenty of negative reviews about this brokerage on WikiFx. Its regulatory status, inaccessible website and these reviews on WikiFx are all signals showing that this brokerage is untrustworthy. It is better to choose regulated brokers with transparent operationsto ensure the safety of your investment. When comparing brokerages, keep the potential risks firmly in mind.
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