Score

1.36 /10
Danger

Excelmarkettrade

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Regulatory Index0.00

Business Index5.83

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Company Name

Excelmarkettrade LTD

Company Abbreviation

Excelmarkettrade

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Excelmarkettrade · Company summary
Aspect Details
Company Name Excelmarkettrade
Registered Country/Area United Kingdom
Founded Year 2-5 years
Regulation Unregulated
Products and Services Forex, Bitcoin services, cryptocurrency transactions
Trading Platforms Mobile app (iOS & Android)
Educational Resources Webinars, seminars, video tutorials
Customer Support Online form, email, physical address

Overview of Excelmarkettrade

Excelmarkettrade is a cryptocurrency investment company located in the United Kingdom, established within the past 2 to 5 years. It offers a wide range of services tailored for both novice and experienced cryptocurrency investors, including but not limited to Bitcoin escrow services, 24/7 supported Bitcoin mining solutions, and advanced trading platforms for direct cryptocurrency trading. Additionally, the company provides mobile applications available on iOS and Android, enabling users to conveniently manage their investments from anywhere.

Despite attracting a significant number of investors with its comprehensive cryptocurrency investment services, advanced trading platforms, and convenient mobile applications, Excelmarkettrade lacks strict regulatory oversight, posing a non-negligible risk for investors.

Overview of Excelmarkettrade

Regulatory Status

Excelmarkettrade lacks valid regulatory information, indicating that it is not officially regulated by any financial authority. This status could expose investors to higher risks of fraud and a lack of legal protection.

Regulatory Status

Pros and Cons

Pros Cons
Strong security features Lack of regulatory oversight
Global coverage in 99% of countries Potential complications in international compliance
Variety of payment options
Mobile app availability
High liquidity for top currency pairs

Pons:

  1. Strong Security: The platform ensures robust security measures including protection against DDoS attacks and full data encryption, safeguarding user data and transactions.

  2. Global Coverage in 99% of Countries: It offers services in 99% of countries around the globe, making it accessible to a wide international audience.

  3. Variety of Payment Options: Supports popular payment methods such as Visa, MasterCard, bank transfers, and cryptocurrencies, providing flexibility in fund management.

  4. Mobile App Availability: Traders can access the platform via mobile apps available on both the Play Store and App Store, facilitating trading on-the-go.

  5. High Liquidity: Provides fast access to a high liquidity orderbook for top currency pairs, enhancing trading efficiency.

Cons:

  1. Lack of Regulatory Oversight: The platform is not regulated by any financial authority, which could expose traders to potential risks such as fraud or unfair practices due to insufficient legal protections.

  2. Lack of Transaction Fee/Commission Information: Although the platform claims that it charges reasonable trading fees for both takers and market makers, making it economically attractive, the lack of clear information regarding transaction fees or commissions results in a lack of transparency about the potential costs associated with trading on the platform.

Pros and Cons

Market Instruments and Services

Excelmarkettrade is a comprehensive cryptocurrency investment company that provides secure Bitcoin escrow services, accessible Bitcoin mining solutions with 24/7 support, and robust Bitcoin trading and exchange platforms to meet the needs of both novice and experienced cryptocurrency investors. The market instruments and services offered by Excelmarkettrade are as follows:

Bitcoin Escrow Service: Excelmarkettrade offers a highly secure bitcoin and cryptocurrency escrow payment service. The platform acts as a trusted third party that holds and regulates the payment of the funds required for two parties involved in a given transaction.

Bitcoin Mining: The platform provides an easy entry into bitcoin mining with its Fast & Smart mining servers. Excelmarkettrade caters to both new miners and experienced members of the bitcoin mining community through user-friendly interfaces and 24/7 support services.

Bitcoin Investment: As an official partner of the Bitcoin Foundation, Excelmarkettrade offers online trading with just a click of a button through an award-winning licensed broker.

Bitcoin Transaction Services: Known for its reliability, Excelmarkettrade also functions as a popular block explorer and crypto transaction search engine, enabling users to track transactions efficiently and transparently.

Bitcoin Exchange: The platform introduces a new dimension to trading by allowing users to trade BTC among others without any minimum deposit requirement. It offers easy perpetual contracts, fixed point value, and full transparency through its P2P network. There are no expiry dates on transactions, catering to traders who prefer continuous trading opportunities.

Market Instruments and Services

How to Open an Account?

  1. Visit the Website: Start by navigating to the official website of Excelmarkettrade.

  2. Sign Up: Locate and click on the “Register Now” button, usually found prominently on the homepage.

How to Open an Account?
  1. Fill Out Registration Form: Enter required personal details such as your name, email address, phone number, and sometimes additional information like your address or date of birth.

  2. Verification of Identity: To comply with financial regulations and prevent fraud, you'll likely need to verify your identity. This step typically involves uploading government-issued identification such as a passport or drivers license, and sometimes a recent utility bill or bank statement for proof of address.

  3. Account Configuration: Choose the type of trading account that suits your needs and set up other trading service options.

  4. Initial Deposit: Make an initial deposit to fund your account using one of the supported payment methods.

  5. Confirmation and Activation: After completing the above steps, you will receive a confirmation email with your account details. Follow any additional instructions provided to fully activate your account.

  6. Start Trading: Once your account is set up and funded, you can begin trading according to the investment opportunities available on Excelmarkettrade.

Trading Platform

Excelmarkettrade offers a highly functional mobile app. Excelmarkettrade's mobile app is designed to provide traders with the flexibility and convenience of trading on the go. Available for download on both the Google Play Store and Apple App Store, the app integrates all the core functionalities of their desktop platform into a user-friendly mobile interface.

This app allows users to execute trades, monitor markets, and manage their accounts from anywhere at any time. The app is optimized for mobile devices, ensuring a smooth and responsive experience that mirrors the capabilities of the full web version. Features such as real-time data streaming, comprehensive charting tools, and full account synchronization make it an excellent choice for traders who need access away from their desktops.

Trading Platform

Customer Support

If you have any questions, you can fill in the online contact form or contact their email address. But they did not provide telephone contact information:

  1. Online Contact Form: Users can reach out to Excelmarkettrade by filling out a contact form on their website. This form requires details such as first name, last name, email, subject, and message, allowing users to specify their queries or suggestions.

  2. Direct Email Communication: For more direct contact or specific inquiries, customers can email the support team at support@excelmarkettrade.com.

  3. Physical Address for Postal Correspondence: For those who prefer or require sending physical mail, Excelmarkettrade provides its office address: 333 Las Olas Way, Fort Lauderdale, FL 33301.

Customer Support

Educational Resources

Excelmarkettrade offers a variety of educational resources designed to help both novice and experienced traders enhance their trading knowledge and skills.

The platform provides opportunities to learn through live webinars and seminars, which cover a range of topics from basic trading concepts to more advanced strategies and market analyses. These educational sessions are aimed at equipping traders with the necessary tools and knowledge to navigate the markets effectively. Additionally, Excelmarkettrade emphasizes the availability of various educational tools, which likely include interactive courses, video tutorials, and written materials that further support learning and skill development in trading.

Conclusion

Excelmarkettrade serves as an unregulated versatile cryptocurrency investment company, offering secure Bitcoin escrow services, accessible Bitcoin mining solutions with 24/7 support, and robust Bitcoin trading and exchange platforms. It partners with the Bitcoin Foundation to provide educational resources like webinars and seminars, enhancing users' understanding of cryptocurrency trading. The platform facilitates secure transactions with no minimum deposit requirements for trading, perpetual contracts, and full transparency through a P2P network. Excelmarkettrade claims to be suitable for both newcomers and experienced traders by providing user-friendly interfaces, advanced trading tools, and a regulated trading environment.

FAQs

Q: How do I start trading with Excelmarkettrade?

A: Register on the website, verify your identity, set up your account, deposit funds, and activate your account via email.

Q: What platforms does Excelmarkettrade offer?

A: Excelmarkettrade offers a mobile trading app available for both Android and iOS devices.

Q: How can I contact Excelmarkettrade customer support?

A: You can contact support through an online form, email at support@excelmarkettrade.com, or by mail at their physical address in Fort Lauderdale.

Q: What educational resources does Excelmarkettrade provide?

A: The platform offers webinars, seminars, interactive courses, and video tutorials.

Q: What are Excelmarkettrade's key services?

A: Services include Bitcoin escrow, mining solutions, trading platforms, high liquidity trading, and various payment options.

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Kevin CHU
more than one year
Although the company seems to have only been established for a year, the website can no longer be opened. I don't know if it changed the url or if it's closed.
Although the company seems to have only been established for a year, the website can no longer be opened. I don't know if it changed the url or if it's closed.
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2022-12-07 10:54
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