Cash Exit is a forex broker that plays loose as regards the information it provides. In the review below, we take an in-depth look at the features cashexit.trade allegedly offers. This review answers the questions: is Cash Exit legit? Is Cash Exit reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal, and deposit methods. Read through our review to see what we and other experts have to say about Cash Exit Trade.
Table of Contents
Cash Exit Trade Trading Platform
CashExit Trade claims that its mission is to provide the best online trading experience for their clients. They claim they do this by providing an intuitive trading platform designed with the latest technological advancements that’s geared towards new traders as well as professionals.
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The website opens to an image of a stack of dollars. At first glance, we discover that this broker support neither the MT4 nor the MT5 trading platform. Reading further, we discovered that it does not mention what platform or instrument that it provides.
CashExit Trades Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea of how a broker might work.
After thoroughly checking, we discovered that this broker does not give any information on its account types
Cash Exit Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The legal documentation reveal that deposits can be made via wire transfer and cards. We do not recommend you transferring any money as the documentation does not give any method of withdrawal
The documentation also says that: the commissions for spreads will directly be debited from the user’s account.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is Cash Exit Trade Licensed?
Licensing is one important part of our reviews. This is because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates them.
The website reveals that the company is regulated by the CCRFM (the Commission for the Control and Regulation of Financial Markets)
One thing they do not disclose is that the body above is a private body and gives out licenses to anyone, even those without merit, which this broker is.
No, CashExit is not Licensed.
So to determine if they licensed this broker, we had to check several regulatory bodies. We checked the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others. At the end of our search, we didn’t find any licensing information concerning this broker.
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Conclusion
We wouldn’t recommend using this forex brokerage, they do not impress us with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with Cashexit.trade as they don’t give any information concerning if they are a regulated broker.
Trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.