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Explicit Base

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Operating status: SCAM

Website: https://www.explicit-base.com

Broker violations and abnormal records
  • 2023-12-27 BrokersView has reviewed that Explicit Base is an Unregulated Forex Broker

    According to its website, it is located in the USA. Upon investigation, no matching information was found in the National Futures Association (NFA).

    The truth is that Explicit Base is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money can not be protected by any laws.

    Therefore, Explicit Base is a scam.

    According to its website, it is located in the USA. Upon investigation, no matching information was found in the National Futures Association (NFA).The truth is that Explicit Base is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money can not be protected by any laws.Therefore, Explicit Base is a scam.

Related Complaints

Q&A

How many accounts can I have on Explicit Base?

meliyana Rezaei
Burkina Faso
2024-01-12
ANSWER When choosing a forex broker, conducting comprehensive due diligence is paramount. Explicit Base is an unregulated trading platform, and as such, it's advisable to steer clear of it.This investment site uses hyperbolic language to present itself as a trustworthy forex broker. However, this company, which claims to be based in the US, has not adhered to the necessary regulations to register as a member of the National Futures Association (NFA). Regardless of its enticing claims, without regulatory supervision, it lacks authenticity and could potentially be a scam.Therefore, we strongly recommend investors to avoid Explicit Base and other unregulated brokers, as they could become victims of fraud and identity theft. For a more secure trading experience, it's advisable to opt for fully regulated brokers.
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