Customer satisfaction, world-class research and advisory services, and the ambition to become the most important financial market research company in the world - this is how the Exchange Business describes itself, which we will talk about today. Let's check the legal information, reviews and availability of licenses and decide together whether it is worth working with this organization.
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The Exchange Business. General information
Broker's main website:
theexbs.com
Trustorg rating:
Site analysis
The home page of the Exchange Business site is a typical template that Dutch Rate and other scam projects.
The layout of the pages is rather crooked, with low adaptability. This indicates a poor quality resource. We back up our words with an assessment of the cost of the site from an independent service.
The structure of the home page includes the following blocks:
- menu bar (with sections about the company, education and training, services, contacts, data, get an offer);
- information about the company and why you should choose to cooperate with Exchange Business;
- types of services;
- strategy and planning, which is another block with benefits;
- partners;
- reviews;
- answers to the most common questions;
- feedback form.
The menu is duplicated in the footer, documents are provided - privacy policy, client-user agreement, return rules, etc. There is also another form of feedback for a free consultation, online chat, address and phone number, as well as links to social networks.
By the way, the latter are a rather dull sight. So, for example, on Twitter, the office did not gain even 100 readers. As it turns out, they don't have Instagram at all.
The rest of the data will be discussed in more detail in the next chapter.
Expertise of legal information, licenses The Exchange Business
Let's start right away with the registration address of the office. According to Google Maps, the given contacts are located in an office offering virtual office rental. That is, the organization has an address for correspondence, a call center, IP-telephony. But physically this office does not exist. In addition, the office had to give its virtual address, not the tenant's data.
It turns out that an experienced team of professionals and researchers can be at home in slippers and from there, with a smart look, give recommendations on how to trade. In addition, the actual presence in the jurisdiction area is required to open accounts with reliable banks. And this means that The Exchange Business is unlikely to be able to guarantee the safety of your funds, as well as obtain licenses from reputable regulators.
The Exchange Business also lists a contact phone number. It is located in Malaysia.
And this, if you didn’t know, is a well-known offshore zone where you can register your organization for a modest fee. This moment once again confirms the fact that it is impossible to obtain permits.
Most likely for this reason, The Exchange Business is delicately silent about the availability of registrations and licenses.
They also do not have permission to work with clients from the Russian Federation and the CIS from the Central Bank of Russia. Although, even though The Exchange Business is a consulting organization, it is not legal to give investment recommendations without being on the lists of the Central Bank of the Russian Federation, it does not have the right.
It is also worth mentioning the very young age of the company. According to Whois, the domain was registered in November 2020. And the update was in September 2021.
This information absolutely does not fit with the data on the colossal 50 years of experience, awards and other regalia, which the office provides in the "about us" section.
Well, and the last. The Exchange Business lists the XM Ultra Low broker as its partner, which, along with positive comments, has negative reviews. So, it is not a panacea for financial risks.
In addition, even though XM Ultra Low has a valid license, the fact of “kinship” with The Exchange Business is not confirmed on the website of the broker itself. Although partners usually mention each other mutually.
As for the second partner, IC Market, this is generally an offshore organization that will not be able to obtain licenses from regulators, even if it tries very hard.
Also, IC Market and XM Ultra Low do not have a license from the Central Bank of the Russian Federation, which deprives them of the right to work with clients from the Russian Federation and the CIS.
Features of the work of The Exchange Business. Tools and conditions for traders
The Exchange Business offers the following benefits to its clients:
- research-based recommendations;
- professional team of experts;
- independent and objective evaluation;
- disclosure of information about restrictions and risks;
- simple and effective solutions from an independent firm for companies and private investors;
- clear planning and strategy development;
- adaptable, flexible interface;
- individual approach.
The office also offers a huge range of service packages for each type of asset (Forex, goods, indices). For each of them, 3 complex solutions have been developed - basic, advanced, individual.
The company also developed training materials. However, training in The Exchange Business will be paid.
At the same time, judging by the data we received during the project verification, for considerable amounts, calculated in dollars, you buy a pig in a poke.
Real customer testimonials The Exchange Business
Despite the fact that The Exchange Business diligently posted laudatory reviews on its website, we could not find a single mention of this exchange in the entire Runet.
This only indicates that the project is either unpopular or very young. Both are reasons to think about the reliability of such cooperation.
If you have become victims of The Exchange Business scams, leave comments below this article. Perhaps it is your review that will save someone from losing money.
The Exchange Business User Fraud Scheme
The divorce scheme of such offices has been tested over the years, on the experience of thousands of pinocchio who have lost huge sums due to greed.
They are looking for you on thematic forums, on social networks and even on dating sites. They ingratiate themselves with you by telling fictional success stories. And if you are a beginner who does not know what real trading is, does not know how to evaluate the activities of service providers, you can easily part with your money, hoping for a great profit. But there is no happy ending in these stories. You are fed breakfasts, ignored, or, even worse, intimidated, drawn into loan obligations, brutally blocked. In any case, earning even a couple of cents in offshore, anonymous offices, without an address and a license, is out of the question.
You simply feed the wolf, which is always hungry and always on the lookout for new prey.
Results
We found the following signs of a scam on The Exchange Business website:
- lack of a physical address, licenses from regulators, including the Central Bank of the Russian Federation;
- the alleged place of registration in the offshore zone;
- lack of reviews;
- false information about the duration of work;
- low-quality, non-unique resource.
Of course, you can try your luck and put your hard-earned money into The Exchange Business. But we would not help someone to get hold of at their own expense.
If you have been deceived by The Exchange Business or other brokers, and you have lost hope of returning your hard-earned money, leave your mail in the form at the beginning of the article. We will send you a step-by-step, illustrated plan of action to take.
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