Beware! Ex Sot Limited is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Ex Sot Limited wants us to believe that it would be a good idea to choose this forex broker for your investments in the financial markets. But fact checking shows a different truth. Ex Sot Limited is not a genuine financial services provider, but yet another online scam targeting people without sufficient experience and knowledge about financial markets. Let’s unravel in detail why you should not trust your money to Ex Sot Limited and how to find a legitimate broker suitable for you.

Ex Sot Limited Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Ex Sot Limited
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

If a financial services provider is legitimate, you will find on its website clear and detailed information about the company that owns and operates it, where it is based, and what licences it has. Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

We could assume that the Ex Sot Limited brand is also the name of the legal entity behind the website. However, we find no evidence that this is the case or that this company even exists.

The Ex Sot Limited website does not contain legal details as you will find with licensed brokers. The only contact method is email.

The website is available in German and English, but the Terms and Conditions and other documents on the website are only available in English.

The text of the Terms and Conditions does not mention a company name, but does mention Poland as an applicable jurisdiction. But Ex Sot Limited cannot be found among brokers licensed by the Polish Financial Supervision Authority.

Another European financial regulator, Germany’s BaFin, warns investors that Ex Sot Limited is not authorised.

If you have decided to invest in financial instruments you have a choice of much more trustworthy options.

Depending on your location, it is advisable to choose a company that is regulated by an institution such as Commodity Futures Trading Commission (CFTC) in the US, Australian Securities and Exchanges Commission (ASIC), UK’s Financial Conduct Authority (FCA) or some EU regulator like Cyprus Securities and Exchange Commission (CySEC).

Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.  In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.

Ex Sot Limited Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Ex Sot Limited platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

Ex Sot Limited promises desktop, web and mobile trading platforms. But after registering an account, we did not receive any credentials to log into a trading server.

The supposed web platform is connected to a server of a brand other than Ex Sot Limited – Assetaxis.

Therefore, we can say that Ex Sot Limited does not actually have functioning trading software.

It should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading. Many scammers use rigged trading software to fool their victims that their money is being invested.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Ex Sot Limited Trading instruments

Ex Sot Limited

Ex Sot Limited advertises trading in all major financial asset classes. But we have no good reason to believe that this shady website offers real trading.

Ex Sot LimitedSpreads and cost of trading

Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

Legitimate forex brokers offer a variety of trading account types tailored to the needs of clients with different capital and investment intentions. These brokers also provide clear and detailed information on trading parameters – leverage, spread, commissions, order execution method, etc.

However, the descriptions of the account types offered by Ex Sot Limited do not contain any specific information about the trading parameters.

Ex Sot Limited Maximum leverage

Ex Sot Limited
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

Ex Sot Limited claims to offer bonuses, which is also banned by most financial regulators, including those in Europe.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

Ex Sot Limited Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto

The logos of many popular payment methods can be seen on the homepage of the website:

But in the deposit menu itself, the choice is limited to cryptocurrencies:

Fake brokers routinely advertise conventional payment methods, but actually steer their potential victims towards cryptocurrency transactions. This not only guarantees them anonymity, but also deprives the defrauded of the option to request a refund or chargeback.

While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Ex Sot Limited Minimum deposit

Minimum deposit$250$5$10$5

Ex Sot Limited specifies a minimum deposit of 250 USD, which is the industry standard. But this means that for the same amount you could open a trading account with an established and duly licensed forex broker. Some of the leading brands in the industry offer Micro and Cent accounts with a very low entry threshold that are suitable for novice investors.

Ex Sot Limited Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Ex Sot LimitedBonus x25Not specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The terms of Ex Sot Limited contain a typical scam clause. If the account has received a bonus it can only withdraw funds after meeting high minimum traded volume requirements.

The purpose of such clauses is to block withdrawal requests.

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