Score
Explore
Latvia|2-5 years| https://apk14.global-exptrade.com
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Ukraine 2.48Surpassed 14.70% brokers
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Single Core
1G
40G
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Broker Information
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Explore
Explore
Latvia
Pyramid scheme complaint
Expose
Check whenever you want
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The AustraliaASIC regulation (license number: 65 080 679 303) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
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Explore · Company Summary
Note: Explore's official website: https://apk14.global-exptrade.com/ is currently inaccessible normally.
Explore Information
Explore is a brokerage firm registered in Latvia. This firm's regulatory status is suspicious clone because its actual company name does not match with the one on the regulatory certificate. And its website maybe has been shut down for years. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.
Is Explore Legit？
| Regulatory Status | Suspected Fake Clone |
| Regulated by | ASIC |
| Licensed Institution | EXPLORE PTY LTD |
| Licensed Type | Common Business Registration |
| Licensed Number | 65 080 679 303 |
Explore's regulatory status is suspicious clone. From the certificate, we can see:
- Licensed Institution: EXPLORE PTY LTD
But the name of company provided by this broker is “explore”. This inconsistency shows that they're providing false licenses to deceive traders.
Downsides of Explore
- Unavailable Website
Explore's official website is currently not working. Maybe it's time to find another brokerage.
- Lack of Transparency
You can only find limited information about this brokerage online.
- Regulatory Barriers
Explore's regulatory status is suspicious fake clone. Before choosing a brokerage, remember to consider the risk involved.
Negative Explore Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Please review this information before opening account with this brokerage. And you can consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are seven pieces of Explore exposure in total. I'll introduce two of them.
Exposure 1. I've topped up but can't withdraw
| Classification | Unable to Withdrawal |
| Date | June 10, 2024 |
| Post Country | Indonesia |
The user said:“I've topped up but can't withdraw.” You may visit: https://www.wikifx.com/en/comments/detail/202406109652539628.html
Exposure 2. Cannot withdraw money from the account
| Classification | Scam |
| Date | May 1, 2024 |
| Post Country | Indonesia |
The user said:“Cannot withdraw money from the account.” You may visit: https://www.wikifx.com/en/comments/detail/202406109652539628.html
Conclusion
There are plenty of negative reviews about this brokerage on WikiFx. Its regulatory status, inaccessible website and these reviews on WikiFx are all signals showing that this brokerage is untrustworthy. It is better to choose regulated brokers with transparent operationsto ensure the safety of your investment. When comparing brokerages, keep the potential risks firmly in mind.
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