Basic Information
Registered Region 
Latvia
LatviaOperating Period
5-10 years
Company Name
Explore
Company Website
Global Broker Regulation Inquiry App
WikiFX
Unverified
Score
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/10
The WikiFX Score of this broker is reduced because of too many complaints!
Explore
Latvia
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
Suspicious Overrun
|
High potential risk
https://apk14.global-exptrade.com
Website
Rating Index
Contact
https://apk14.global-exptrade.com
The WikiFX Score of this broker is reduced because of too many complaints!
LicensesLicensed Entity：EXPLORE PTY LTD
License No. 65 080 679 303
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
4
6
Website
Genealogy
Relevant Enterprises
Company Summary
Comment
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Website
global-exptrade.com
139.162.34.213Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
"Explore"(Latvia)
Active
Latvia
Registration No. 40008189362
Established
Related sources Website Announcement
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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Musriyati Mustakim
Indonesia
The TPI top up cannot be withdrawn
Exposure
goti
Indonesia
Cannot withdraw money from the account
Exposure
goti
Indonesia
I can't withdraw my money
Exposure
阿賢
Taiwan
Is the above content reasonable? I don’t know what the next excuse can be, it’s curious
Exposure
FX3497717955
Taiwan
When you want to withdraw money Informed for the first time that the transaction volume was insufficient due to bonus receipt The second time you want to withdraw money to complete the transaction volume, they lack the program operation that they say is improper. When I want to withdraw money for the third time, I say that the profit and capital are not proportional to the deposit.
Exposure
FX2511288274
Taiwan
If you deposit, you can’t withdraw funds at all
Exposure