ExpertSync is a Contract for Difference (CFD) broker registered on February 16, 2024, with its official website. This broker mainly provides users with numerous trading markets through trading platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, digital currencies, stocks, futures, etc. However, it does not operate in countries such as the United States, Canada, Israel, New Zealand, Iran, and North Korea.
Company Registration Information and Regulatory Status:
According to the information publicly disclosed on ExpertSync's official website, it is registered in Seychelles as Raw Trading Ltd, an entity authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD018.
Upon verification, the official website of the Seychelles Financial Services Authority (FSA) shows that Raw Trading Ltd is a business entity registered in Seychelles by the broker IC Markets, with its FSA-approved websites being https://www.icmarkets.sc and https://www.icmarkets.com. Therefore, ExpertSync operates as a fraudulent website impersonating IC Markets.
Furthermore, the website design of this broker is plagiarized from IC Markets, similar to other fraudulent brokers such as Continentaloptionslive, Elon-Mining, Limexx, Venosvista, Fenext, Linoxx.
Opening an Account:
To open an account with ExpertSync: Visit the homepage of the broker's official website, click on "Start Trading Now" or "Start Trading" at the top right corner to access the account registration page, fill in personal information such as name, email address, phone number, and set a login password, then submit. Once submitted, the account is successfully registered.
Trading Accounts:
ExpertSync offers three different types of trading accounts: cTrader Account, Raw Spread Account, Standard Account.
cTrader Account:
- Trading Platform: cTrader
- Trading Commission (per lot): $3.0 (round turn $6.0)
- Spreads: from 0.0 pips
- Minimum Initial Deposit: $200
- Leverage: up to 1:1000
- Maximum Open Orders per Account: 2000 lots
- Server Location: London
- Micro-lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Available
- Allowed Trading Methods: All
- Distance for Pending Orders: Unlimited
- Programming Language: C
Raw Spread Account:
- Trading Platform: MetaTrader
- Trading Commission (per lot): $3.5 (round turn $7.0)
- Spreads: from 0.0 pips
- Minimum Initial Deposit: $200
- Leverage: up to 1:1000
- Maximum Open Orders per Account: 200 lots
- Server Location: New York
- Micro-lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Available
- Allowed Trading Methods: All
- Distance for Pending Orders: Unlimited
- Programming Language: MQL4
Standard Account:
- Trading Platform: MetaTrader
- Trading Commission (per lot): $0.0
- Spreads: from 0.6 pips
- Minimum Initial Deposit: $200
- Leverage: up to 1:1000
- Maximum Open Orders per Account: 200 lots
- Server Location: New York
- Micro-lot Trading (0.01): Supported
- Currency Pairs: 61
- Index CFD Trading: Supported
- Stop Out Level: 50%
- One-Click Trading: Supported
- Islamic Account: Available
- Allowed Trading Methods: All
- Distance for Pending Orders: Unlimited
- Programming Language: MQL4
Trading Platforms:
The official website of ExpertSync claims to offer trading platforms such as MT4, MT5, and cTrader, but it does not provide any relevant download links, nor can a broker named ExpertSync be found on these platforms.
Deposits and Withdrawals:
ExpertSync supports using credit/debit cards, e-wallets, and bank transfers for deposits and withdrawals.
Summary:
Traderknows Encyclopedia warns investors that ExpertSync is actually a scam website that clones the broker IC Markets. Investors are advised to choose brokers who are transparent, strongly regulated, and have a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
