Is UEXO Legit or a Scam? 5 Key Questions Answered (2025)

You are likely here because you are considering trading with uexo (or “UEXO Markets”) and want to know if your funds will be safe.

According to the WikiFX database, this platform is relatively new, having been established in 2022 and registered in Mauritius. However, the data flags some significant concerns regarding its regulatory status.

Key Data Point: WikiFX gives uexo a low score of 2.14 (out of 10). A score this low usually indicates a lack of verified regulation on top of a short operating history.

Here is what the data reveals about their safety, fees, and software.

Question 1: Is my money safe with uexo?

The Evidence

According to WikiFX regulatory data, uexo lists licenses from the South Africa FSCA and the Seychelles FSA. However, both of these licenses are currently marked as “Unverified” (Unauthorized) in the database.

The Verdict

No, your money does not appear to be safe based on current data. You should use extreme caution.

So What?

When a brokers license is “Unverified,” it means the platform claims to be regulated, but the regulator (the government watchdog) does not recognize them or the license has expired.

• The Risk: This exposes you to “Counterparty Risk.” If the broker goes bankrupt or decides to withhold your withdrawals, there is no government authority (like the FSCA) to step in, fine them, or help you recover your funds. You are essentially trusting a private company with no oversight.

Question 2: Are the trading fees and leverage fair?

The Evidence

The WikiFX database shows that uexo offers a maximum leverage of 1:500. For trading costs, their “Standard” account lists spreads starting from 1.6 pips, while the “Raw” account claims spreads as low as 0.0 pips (likely with a commission fee, though the exact fee isn't listed).

What This Means For You

• Leverage Warning (1:500): While high leverage allows you to control large positions with a small deposit (e.g., controlling $50,000 with just $100), it is a double-edged sword. For beginners, 1:500 leverage often leads to a “margin call” where you lose your entire balance in seconds if the market moves slightly against you.
• Cost Analysis: A spread of 1.6 pips for a Standard account is slightly higher than the industry average, which usually sits around 1.0 to 1.2 pips for major pairs like EUR/USD. The entry requirement for the Standard account is $100, which is accessible, but the costs to trade are not the cheapest available.

Question 3: Why aren't there any complaints?

The Evidence

We checked the WikiFX database and found 0 complaints logged against uexo so far.

Does this mean they are safe?

Not necessarily.

Reflect on the fact that uexo was established in 2022. A lack of complaints often just means the broker is too new or has too few clients for issues to surface publicly yet. In the world of online trading, silence does not equal safety. You should trust the Regulatory Status (Question 1) over the lack of user reviews.

Question 4: What software will I use?

The Evidence

uexo uses the MT5 (MetaTrader 5) trading platform.

The Experience

MT5 is a distinct upgrade from the older MT4, offering more timeframes, better indicators, and faster processing speeds.

• Pros: It is the industry standard for professional trading software, supporting automated trading via Expert Advisors (EAs).
• Cons: While the software itself is excellent, remember that a good car (MT5) can still be driven by a bad driver (an unregulated broker). The quality of the software does not guarantee the safety of the funds held in the account.

Final Verdict: Should I open an account?

Based on the data, the risk outweighs the benefits.

• WikiFX Score: 2.14 (High Risk)
• Regulation: Unverified/Unauthorized
• Recommendation: Avoid.

There are many brokers with scores above 7.0 that hold valid licenses from top-tier authorities like the FCA or ASIC. There is little reason to take a risk on a new, unverified platform.

Brokers change their terms often. Before you click 'Deposit', take 5 seconds to verify their live status and valid certificates on the WikiFX App.