Expert FX Trade is a CFD broker with a domain registered on April 9, 2024. The broker primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
Public information on the Expert FX Trade (expfxopt.org) website shows that the broker was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose the company entity registration information or detailed regulatory information.
Upon investigation, no registration information was found for a company named "Expert FX Trade" with the Australian Securities and Investments Commission (ASIC).
Therefore, Expert FX Trade (expfxopt.org) is essentially a scam broker website with neither a company entity nor any regulation.
Account Opening Process
The account opening process for an Expert FX Trade trading account is as follows: visit the broker's website, click "Open Account" on the homepage or "REGISTER" at the top right of the webpage to enter the account registration page, fill in personal information such as name and email address, set a login password, and submit. After submission, verify the account to complete registration successfully.
Investment Plans
Expert FX Trade offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: $300
- Minimum Expected Profit: $3,500
- Maximum Expected Profit: $5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profit
CLASSIC ACCOUNT:
- Minimum Deposit: $3,000
- Minimum Expected Profit: $35,000
- Maximum Expected Profit: $50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profit
PLATINUM:
- Minimum Deposit: $10,000
- Minimum Expected Profit: $99,999
- Full Benefits
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profit
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals per Day
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payment Only
- Use Any Broker
Trading Platform
Expert FX Trade provides its own trading platform, claiming an average order execution speed of less than 7.12 milliseconds and over 12,000 orders executed per second, supported by comprehensive liquidity providers.
Deposits and Withdrawals
Expert FX Trade only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows reminds investors that Expert FX trade is a fraudulent broker that lures investors with promises of high returns. In reality, it has no corporate entity or regulatory oversight, and the only contact method is through email. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
