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No license from any financial authority was found. You may have no legal route to recover deposits, and withdrawal or account-closure problems are likely.

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Exchange Markets Review · 2026

Unlicensed Broker

Review · 2026 Operating as Exchange Markets, Inc.

Registers checked 26 Sep 2026 Next re-scan Dec 2026

Key facts

From public registers and the broker's disclosures
Regulation
None verified
Headquarters
—
Business model
Multi-Asset
Registration
—
Min. deposit
—
Max leverage
—
Spread from
—
Founded
—
Legal entity
Exchange Markets, Inc.
Website
exchangemarkets.live
Support email
support@exchangemarkets.live
Phone
—
Influence index
D · Cyprus

Active licenses

Checked on the regulator's public register, not the broker's website.

0 active

No active license was found on a regulator's public register.

Warnings and inactive licenses

Suspended, liquidated or unverified licenses and public warning records.

1
  • CySEC CY
    Unverified
    Entity
    Exchange Markets, Inc.

Score breakdown

Six dimensions, weighted per the published rubric.

Methodology →
Regulation 0.0/10
Weight 25%
License 0.0/10
Weight 20%
Risk Control 0.0/10
Weight 20%
Business 0.0/10
Weight 15%
Software 1.0/10
Weight 10%
Influence 1.0/10
Weight 10%

Strengths

3
  • Proprietary web platform covers forex, stock CFDs, and cryptocurrencies
  • Demo account option is referenced in the broker's privacy policy
  • Multiple account currencies include USD, EUR, GBP, JPY, and AUD

Weaknesses

5
  • CySEC regulation claim was not verified in public records (scan 2026-09-19)
  • No license number is disclosed on the public website
  • Headquarters and company ownership are not publicly disclosed
  • Minimum deposit, leverage ratio, and spread floor are not disclosed
  • Risk notice says losses can exceed the initial investment

Fees & trading

Trading platforms

  • Proprietary Web Platform

Account types

  • Live
  • Demo
Full review 8 min read Updated 26 Sep 2026

Exchange Markets review 2026: Multi-asset web trading with an unverified CySEC regulation claim

Exchange Markets is a web-based multi-asset forex and CFD broker with no verified headquarters or founding year. It claims CySEC regulation and uses a proprietary web platform with live and demo accounts, but no matching authorization was verified in CySEC public records on September 19, 2026. Serves retail clients across an undisclosed number of forex pairs, stock CFDs, and cryptocurrencies.

Exchange Markets review

What is Exchange Markets?

Exchange Markets presents itself as a multi-asset online trading firm operated under the name Exchange Markets, Inc. The public website covers forex, stock CFDs, and cryptocurrencies through a proprietary platform, meaning software operated by the broker itself. The site does not disclose a verified founding year, headquarters city, legal address, parent company, or ultimate ownership structure. Its footer uses the company name Exchange Markets, Inc., while the account portal supports live and demo registration.

The broker publishes several operational claims, including global registrations, trading activity, and trader payouts. Those figures are inconsistent across different public pages and lack independently verifiable corporate filings. This review therefore does not treat those marketing figures as confirmed business metrics. The verified profile remains narrower: a web-based multi-asset broker with an undisclosed headquarters and an unresolved regulatory claim.

Is Exchange Markets regulated? Verification check

Exchange Markets states on its cryptocurrency page that it operates a CySEC-regulated platform. CySEC is the Cyprus Securities and Exchange Commission, the authority that licenses Cyprus Investment Firms. The broker does not publish a CySEC license number or a clearly identified Cyprus Investment Firm entity on its public pages. A search of the CySEC regulated-entity records on September 19, 2026 did not verify Exchange Markets, Inc. as an authorized firm.

CySEC's public Investment Firms register currently labels its regulated-entity list as of May 4, 2026. Searches for Exchange Markets, Exchange Markets Inc., and the exchangemarkets.live domain produced no matching authorization. The regulation status is therefore not verified, rather than confirmed regulated or confirmed unregulated. No investor compensation protection should be assumed from the CySEC claim unless a valid licensed entity and license number can be matched.

What trading platforms does Exchange Markets offer?

The trading service uses a proprietary web platform linked through the broker's account portal. The official pages describe real-time market data, analytics, customizable charts, and trading tools across several asset classes. The review found no verified support for MT4, MT5, or cTrader, and no MetaQuotes or Spotware server was confirmed. No native iOS or Android application was verified from the source set used for this review.

A proprietary platform keeps account access, order entry, and analytics inside the broker's own system. That structure is not inherently positive or negative, but independent platform verification becomes more limited. The account registration page supports multiple base currencies, including USD, EUR, GBP, JPY, AUD, CAD, CHF, CNY, INR, and RUB.

Exchange Markets red flags and warning signs

The main concerns involve missing legal and trading disclosures rather than a verified enforcement action. The largest gap is the unresolved CySEC authorization claim, because the broker promotes that status without publishing a license number. Several basic account conditions are also absent from the public site.

  • CySEC authorization could not be verified in the public register on September 19, 2026.
  • No license number or clearly licensed Cyprus entity is displayed on the public pages.
  • The headquarters, legal address, and ultimate ownership structure are not disclosed.
  • Minimum deposit, maximum leverage, spread floor, commissions, and payment methods remain undisclosed.
  • The site's risk notice states that losses can exceed the initial investment.

Missing disclosures do not establish misconduct. They do reduce the amount of information available for checking account conditions and legal recourse before funding an account.

What is the minimum deposit?

The minimum deposit is not disclosed on the public Exchange Markets pages reviewed on September 19, 2026. The registration interface allows a user to select an account currency, but it does not show an opening balance requirement. No verified deposit tier, VIP threshold, or account-specific funding minimum appeared in the reviewed pages.

This information matters because the minimum deposit defines the first financial commitment required to activate live trading. A trader cannot compare account entry requirements without that figure. The same disclosure gap applies to card funding, bank transfers, electronic wallets, cryptocurrency deposits, and withdrawal minimums. Those methods should not be assumed from the registration interface alone.

Is Exchange Markets on any regulator warning lists?

The targeted warning-list searches used for this review did not identify a specific CySEC, FCA, or ASIC warning entry naming Exchange Markets or exchangemarkets.live. This finding is narrower than regulatory approval. Absence from a warning list does not confirm that a broker holds a license.

The relevant distinction is between authorization and enforcement. CySEC maintains a register for licensed investment firms and separate warning material for unauthorized or problematic domains. The Exchange Markets authorization claim could not be matched to the licensed-firm register during this review. Therefore, the absence of a located warning does not resolve the missing license verification.

What do Exchange Markets user complaints say?

No independent user-aggregate complaint data was verified within the approved source set for this review. The official website displays multiple positive testimonials concerning payouts, support, and platform performance. Those comments appear directly on the broker's own website, so they do not constitute an independent complaint or satisfaction measure.

The review therefore does not assign a complaint rate or customer-rating score. No verified aggregate was available to support claims about withdrawal delays, account freezes, bonus disputes, or customer-service failure patterns. Readers comparing user experiences should separate first-party testimonials from independently collected review data. The current evidence supports only the existence of testimonials published by the broker itself.

How to verify Exchange Markets for yourself

License verification starts with the exact legal entity rather than the marketing brand. Exchange Markets identifies itself publicly as Exchange Markets, Inc., while its cryptocurrency page claims CySEC regulation. A valid CySEC authorization should correspond to an identifiable Cyprus Investment Firm, a license number, and an approved domain listed in the regulator's records.

  1. Open the official CySEC Investment Firms public register.
  2. Search the legal entity name, not only the marketing brand.
  3. Check whether a license number appears and whether its status is active.
  4. Review the firm's approved domains and confirm that exchangemarkets.live is listed.
  5. Compare the regulator's address and entity details with the broker's legal documents.

If those identifiers do not match, the regulatory claim remains unverified even when the website uses regulatory terminology.

How does customer support work?

Customer support is offered through live chat and email according to the broker's public pages. Exchange Markets states that support representatives are available 24/7/365, and its privacy policy lists support@exchangemarkets.live for privacy-related requests. The reviewed material does not disclose support languages, average response times, escalation procedures, or a dedicated telephone number.

The company also says clients can use its Client Portal to submit account-related requests. The privacy policy states that data-access requests are generally answered within one week. That timeframe applies to privacy administration, not necessarily trading or withdrawal issues. No independent service-quality metric was verified for general support.

Where is Exchange Markets actually based?

The broker's headquarters are not publicly verified in the reviewed material. The website identifies Exchange Markets, Inc. in its footer, but it does not provide a physical headquarters city, country, or regulatory office address. The legal pages reviewed also do not establish a verified Cyprus corporate address corresponding to the claimed CySEC status.

This absence matters because legal jurisdiction determines which courts, regulators, and compensation arrangements apply to a client relationship. A Cyprus-regulated investment firm normally has an identifiable legal entity and regulator record. Exchange Markets currently presents the CySEC claim without the matching public identifiers needed to establish that jurisdiction.

Recovery options if you have already deposited

Fund recovery depends on the payment method, transaction history, and the legal entity that received the money. The first useful step is preserving evidence, including account statements, deposit receipts, withdrawal requests, emails, chat records, and any terms accepted during registration. Those records establish the transaction trail if a payment dispute or legal complaint later occurs.

Card payments can have issuer dispute procedures, while bank transfers can involve bank recall or fraud-review processes. Cryptocurrency transfers follow different procedures because blockchain transactions are generally irreversible after confirmation. A regulator complaint route depends on whether a genuinely authorized entity handled the account. Since the CySEC license claim remains unverified, access to Cyprus investor-compensation or ombudsman channels should not be assumed.

Broker features

The table below separates verified public disclosures from information that the broker has not published clearly. The registration verified row reflects the CySEC register check conducted for this review.

Feature Exchange Markets Information
Founded Not disclosed on official site
Headquarters Not disclosed on official site
Disclosed regulators CySEC claim, no license number disclosed
Registration verified No matching authorization verified on September 19, 2026
Trading platforms Proprietary Web Platform
Minimum deposit Not disclosed on official site
Maximum leverage Not disclosed on official site
Account types Live, Demo
Islamic account Not disclosed on official site
Customer support 24/7 live chat and email claimed, languages not disclosed
Deposit methods Not disclosed on official site

Should you avoid Exchange Markets?

The central issue is verification rather than a proven warning. Exchange Markets operates a proprietary multi-asset platform and provides live and demo registration, but core legal and account details remain incomplete. Its CySEC claim could not be matched to an authorized entity or license number in the regulator's public records on September 19, 2026.

The broker also does not publicly disclose its headquarters, minimum deposit, leverage limit, spread floor, payment methods, or ownership structure. No specific FCA, ASIC, or CySEC warning entry was identified in the targeted searches used for this review. Those two findings are different: no located warning does not convert an unverified license claim into verified regulation.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.

FXSharp Editorial Team
Published 26 Sep 2026 · Last verified 26 Sep 2026 · Sources: CySEC register, exchangemarkets.live

Frequently asked questions

Exchange Markets claims CySEC regulation on its cryptocurrency page, but that claim was not verified in CySEC public records on September 19, 2026. The broker does not publish a CySEC license number or clearly identified Cyprus Investment Firm entity. Its regulatory status therefore remains unverified rather than confirmed regulated.
Exchange Markets is not labeled a scam in this review because no verified public finding supports that conclusion. The documented issue is narrower: its CySEC authorization claim could not be matched to a licensed entity or license number in the regulator's public register. Missing verification and documented fraud are different findings.
Exchange Markets did not appear in a specific CySEC, FCA, or ASIC warning entry located during the targeted searches performed on September 19, 2026. That absence does not establish authorization. The separate CySEC licensed-firm check also failed to verify the broker's claimed regulatory status.
Exchange Markets' license claim can be checked through the official CySEC Investment Firms register. Search the legal entity name Exchange Markets, Inc., then confirm a license number, active status, registered address, and approved domain. A legitimate CySEC record should connect the entity and exchangemarkets.live to the same authorization.
Exchange Markets fund recovery depends on the payment route and the entity that received the money. Preserve statements, payment receipts, withdrawal requests, emails, and chat records. Card issuers, banks, law-enforcement channels, or regulators can have dispute procedures, but Cyprus investor-compensation protection should not be assumed while the CySEC authorization remains unverified.

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