Read our Exodus Trader review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an exodus-trader.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Exodus Trader is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Exodus Trader in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Exodus Trader Review Conclusions
Making the Exodus Trader review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Exodus Trader review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I invested with this company and for 2 days it looked like they were trading with my money, after 2 days the trading stopped, another 3 weeks later no trades had been completed so I requested a refund of my money, 6 weeks and another request later I am still waiting for my refund. Do not invest with exodus-trader, now the website seems to have disappeared as every time I try I get the message THIS SITE CAN’T BE REACHED
f*** you you piece of s***
get lost
On Thu, Apr 29, 2021 at 12:28 PM wrote:
It should not have been moved to anyone, the money should have been refunded, yet again I’ve been conned, this will be the last bloody time, your company are an absolute f****** joke
From: Max Smirnov
Sent: 29 April 2021 12:03
To: [email protected]
Subject: Re: Miss call
Hello
Your account was moved to a different agent I am no longer responsible for it
Regards
Max
On Thu, Apr 29, 2021 at 11:57 AM wrote:
Hi,
Twice now I have requested the return of my money and twice it has obviously been ignored as it looks like you are now trading with my money, is this how you treat people? I think it is a disgrace.
From: Max Smirnov
Sent: 19 April 2021 12:03
To: [email protected]
Subject: Miss call
Hello
I tried contact you regarding your account with us but without success,
I would like to schedule a conversation about your account!
Please reply to this email with the best time to contact you,
Looking forward to hearing from you,
Best Regards,
—
—
Max Smirnov
Blockchain Expert
Account Manager
Contact Us: Click Here
Email: [email protected]
Website: http://www.exodus-trader.com
This is an email string between myself and a Max Smirnov from Exodus Trader
I had the same happen to me, they emailed me telling me that me that my account manager had , had a windfall. He Daniel Hoffman ( prob not ) tells me I’ve got thousands. I found this abit hard to believe but carried on as he said we needed to open a wallet for the funds to go in. He then gets me to down this ” anydesk” link where he starts to try and transfer my money from my current account to the Luna wallet. Lucky for me the bank alerted the transaction. Then he went into my note pad and wrote 8 points of what to say and not say to my bank to release the funds. So I had to stall him and quickly get on my bank to make sure the payment didn’t go through. I then informed the fraud department of everything. Please everyone, this is a scam scam scam.
Avoid. I had the same happen to me. Deposited the minimum amount they started trading and what appears to be making me money. They wanted me to invest more money but I didn’t. They then tell me I have thousands in profit and got to pay the broker fee up front before they release the funds.
They have changed their domain from exodus trader to coin trader now as they got hacked so I was told. Again more lies.
I have requested a refund and surprise surprise I am still waiting for it.
Avoid at all costs.
This is a CON…….They phoned me…
This is a CON…….They phoned me everyday to get me to up my deposit and i started with £200. Now the site has gone and the email address does not work or the phone lines. Luckily i only have lost a couple of hundred pounds. AVOID THIS FIRM AT ALL COSTS THEY ARE CON ARTISTS.
I am facing the problem in this website my wallet shows $1890 but they don’t let me to withdraw