How is this broker, ExisTrade?

https://existrade.com/

Dear investor,

ExisTrade is not a reliable broker and should be avoided. 

ExisTrade claims to be a member of the Financial Commission (FC). However, please be aware that this organisation is merely an independent external dispute resolution (EDR) body and not a government regulator. It does not provide official licences or supervisory oversight for forex brokers, meaning there are no investor protections.

Furthermore, although ExisTrade lists a UK contact number, our checks have confirmed that ExisTrade Ltd is not registered with the UK's Financial Conduct Authority (FCA). Without valid regulation from a reputable authority, the platform operates without legal accountability and poses a high risk of fraud. 

As a result, we strongly advise against trading with ExisTrade in order to protect your funds.