Exclusive Change Capital Ltd is a Cyprus Investment Firm (CIF) and is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 330/17. It operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union.
The trading asset portfolio consists of 60 currency pairs (major, minor, and exotic pairs), 11 global indices, ETFs, 4 commodities (Gold, Silver, Brent Oil and WTI Oil) and over 90 global shares. The spread for the EUR/USD pair starts at 0.2 pips (premium spread) and 1.6 pips (standard spread).
Customers can trade through the well-known platform MetaTrader 5 (MT5). MT5 is a powerful and professional terminal for advanced analysis and trading activities. It has user-friendly charts, plenty of technical indicators that help clients to identify trends and take effective decisions. In addition to the built-in expert advisors (EAs), clients can easily create their custom EAs using the MQL5 language. The platform is suitable for all kinds of traders.
There are four types of trading accounts that differ mostly in the initial required deposit, commissions, and offered spreads. The Standard account requires USD200 to open and trades are commission free. You must invest at least USD500 to open a Prime account and will receive better spreads at the expense of a USD6/lot per side commission. The Gold account requires a USD5,000 deposit amount and the commission will be USD3.5/lot per side. If you invest at least USD50,000, you will receive the lowest commission of USD2.5/lot per side in the Exclusive account. All accounts provide negative balance protection for retail customers. Clients can fund their account by bank transfer, Trustly, Skrill, Neteller, Klarna, iDeal, giropay, Poli and Nordea.
There is a Research section on the website where you can find technical and fundamental analyses, but they are not updated regularly. Webinars and seminars are available in the Academy section.
The Client Agreement document shows that the company does not execute the client orders as a principal to principal against the client, i.e. the company is not itself the Execution Venue for the execution of the client orders. This means the company uses the Straight Through Processing (STP) model to execute client’s orders and this avoids the common conflict of interest between the client and the market maker. The company announces that its liquidity providers are “X Trade Brokers DM S.A.” and Broctagon Prime Limited.”
The same document reveals that the use of any robots or other automated data entry system is prohibited and if you want to use your automated strategy, you must have a written consent by the company prior activating the robot. There is an inactivity fee and if you have not made any deals for three or more months, EUR80 will be held from your account. If the period of inactivity is more than 6 months, then the inactivity fee will be EUR200.
About the order fulfillment it is written that with the respect to a market order, the price at which a transaction is completed may not always be at the exact rate displayed when the order is submitted. The market order will be opened at the best possible price, which means slippage may occur. The same document informs that due to market volatility and other factors, the company cannot guarantee that an order will be executed at the level specified by the client. In such an event, the company will fulfill the stop loss order at the next best price, and this type of order will not necessarily limit losses to the intended amounts. This means stop loss orders are not guaranteed.
Overall, Exclusive Capital is a well-regulated European brokerage company that meets the ESMA requirements and provides negative balance protection for all retail clients. You can trade through the popular MT5 terminal but if you intend to use EAs, you must be approved by the company first. In addition, you must invest a relatively large amount to get decent spreads.