Many people have made money on Forex, but unfortunately, there are also a multiplicity of scams intended to take advantage of people who want to make money quickly. The common one is to falsely cheat people all over the world by claiming its long history and strict regulation.
BrokersView recently learned that Ext Markets has been one of the above cheated brokers.
Domain was Found Last Year
Ext Markets makes messy and confusing statements on its website, which is quite dubious. As we see, Ext Markets defines itself as an established broker with 9 years of online-trading on the very top position of its homepage, but its domain was just created on December 12, 2020.
A Clone Website
The broker claims its regulation by many regulators, however, there's nothing legit about Ext Markets. It is a fraud broker claiming to be licensed by a fake US regulator. We can see on its homepage, the broker's claim of being licensed by the US Financial Services Authority (UFSA), it is even more ridiculous, because there isn't any such regulator. The institutions in charge of the forex sector in the U.S. are the NFA and the CFTC.
Besides, Ext Markets is a clone website. It presents its certain ownership, contact and license information, you might believe that Ext Markets is a decent brokerage. Unfortunately, none of it is true. The scammer has copied the entire website of NSBroker–a legit European broker, regulated in Malta–including the logo and most of the contents. Therefore, there's no way you can make money with a cloned website like Ext Markets.
As for the license information of the FCA in the UK, CNMV in Spain, BaFin in Germany and CONSOB in Italy–four of the most reputable regulators - they have obviously been copied by the scammer from the presentation of the Maltese broker - NSBroker and certainly do not apply to Ext Markets.
Even though the trading offering might seem attractive, there are many questions in regards to the trust of the Ext Markets services and the manner they do operate the online trading itself. It is not safe to trade with Ext Markets as it is a scammer. BrokersView strongly recommends investors only to trade with regulated forex brokers.