EXT24 has been flagged by Commissione Nazionale per le Società e la Borsa for "General enforcement alerts". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I signed up with EXT24 through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Two-factor authentication|Excellent charting|Instant funding
Cons: Alert system is basic|Limited social trading features
KYC with EXT24 is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Low minimum deposit|Smooth onboarding|Good mobile app|No hidden fees
Cons: Slow to add new assets
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that EXT24 has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Flagged by Commissione Nazionale per le Società e la Borsa|Cannot verify credentials
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. EXT24 recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: API access|Low minimum deposit|Stable platform
Cons: Limited cryptocurrency options
Tried to withdraw my funds from EXT24 and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I wanted to transfer my portfolio from another broker to EXT24. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Stable platform|High security standards
Cons: Spreads widen during volatile periods
After doing some research AFTER the fact (I know, I should have done this first), I discovered that EXT24 is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I looked into EXT24 and found they appear in the regulatory warnings database. Commissione Nazionale per le Società e la Borsa has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
The reporting at EXT24 is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Economic calendar|Multiple order types
Cons: Mobile app could be improved