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Contract reading

What Exelium legally published, but does not want you to read

Every clause below is published by Exelium itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on . We have read it 2 times.

Contracting entity: Exelium Ltd

sole discretionprofit voidinghidden feeforum waiverregulatory claimunilateral amendmentabusive tradingai banbonus lockclient money

Exelium Ltd is registered in Anguilla and names no regulator in its own contract. The front page promises segregated client accounts, and the agreement you sign has no client money clause at all. Clause 13.3 lets Exelium fine you 10% of your deposit on suspicion, and 12.7 lets it keep profit made with any AI tool. There is no withdrawal section in the contract, and no regulator to complain to.

Back to Exelium

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
18
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
9
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
7

How the 18 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical7
Warning10
Notice1

section 146 of 147is where the deepest clause sits: the very end of the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical10%Profit at risk. Jump to the clause this comes from.A 10% penalty on your deposit, on suspicion aloneCritical50%Account limit. Jump to the clause this comes from.Leverage moves without notice and you owe any deficit$5Fee on an unused account. Jump to the clause this comes from.Five dollars every six months for not trading60 working daysTime to complain. Jump to the clause this comes from.Sixty business days to answer, then nowhere to go

What the documents say

18 clauses worth knowing about, worst first, each quoted from Exelium's own files

01

Exelium's front page says it keeps your money secure in segregated accounts. Exelium Ltd's contract has no client money section, and never says where your deposit is held.

Why this matters

Nothing in your contract stops Exelium Ltd from holding your deposit in its own account. Clause 26.1 lets it set off what it says you owe against any account you hold, without notice.

Exhibit 1CriticalRarely seen

The Company ensures to promptly place any Client money segregated from the Company’s own accounts and opened with an approved bank and/or a payment provider that has been assessed by the Company and/or approved by the Company’s Management.
Clause 7.1 in Client Services Agreement (Exelium Global Ltd)
Read from the broker's site on Archived copyOpen the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must hold retail client money in segregated client bank accounts and check them against their own records. The Exelium Ltd agreement contains no client money clause at all.

Exelium is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingMost retail client agreements carry a client money section saying where deposits sit and on what terms. This one has none, while the same group's Seychelles agreement gives the subject eight clauses.

  • Worse together with Exhibit 6Your deposit has no stated home and no stated route out of the account.
02

The Persian footer tells readers that Exelium Ltd is registered and has obtained a licence in Anguilla. The English footer says only that it is registered there, and the contract names no licence at all.

Why this matters

If you read the Persian site, you may believe a regulator stands behind your deposit. No regulator is named anywhere in the agreement you accept, and clause 27.2 sends any dispute to the courts of Anguilla.

Exhibit 2CriticalRarely seen

Exelium Ltd (hereafter the “Company”) is a limited liability company incorporated and registered under the laws of Anguilla, with Company number A000001254 and a registered address at Anguilla, The Valley, AI-2640, No.8 Cassius Webster Building, Grace Complex.
Clause Opening paragraph in Client Agreement, p.2
Read from the broker's site on Archived copyOpen the reference

Our readingThe same footer in English and Spanish stops at registration. Only the Persian version adds the words for having obtained a licence, on the very page that lists the legal documents.

  • Worse together with Exhibit 11A Persian reader is told a licence exists, and the contract underneath sends any claim to Anguilla.
03

Exelium can fine you 10% of your deposit if it suspects abusive trading, with a $25 minimum. Clause 13.3 asks for suspicion or reasonable grounds, not proof, and names no appeal.

Why this matters

The charge lands on money you deposited, not on profit you made. On a $10,000 deposit that is $1,000 gone, decided by Exelium alone.

Exhibit 3CriticalRarely seen10%

If the Company suspects or has reasonable grounds to believe that the Client has been engaged into an abusive behavior as indicated above the Company reserves the right to apply a 10% penalty fee of the client’s deposit with minimum fee of 25USD (Twenty five US Dollars).
Clause 13.3 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Buried at section 98 of 147 in the Client Agreement, 67% of the way through.

What it costsA $10,000 deposit carries a $1,000 penalty. On a $200 deposit the 10% comes to $20, and the $25 minimum still applies.

Our readingBrokers normally void the profit from activity they call abusive. A flat percentage fine on the deposit is a different device, and it takes money that was never at risk in a trade.

  • Worse together with Exhibit 4One suspicion cancels the profit under 8.12 and fines the deposit under 13.3.
04

Nothing in Exelium Ltd's agreement says how you get your money out. There is no deadline, no grounds for refusal and no payout method, only a refund policy for card deposits.

Why this matters

You cannot point at a clause when a payout stalls, because there is none to point at. The one timing Exelium does give, for card refunds, is measured in weeks.

Exhibit 6CriticalRarely seen

All other requests will be treated as normal withdrawals and will be processed as per Company's policies and procedures.
Clause 23.3 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Buried at section 132 of 147 in the Client Agreement, 90% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must return retail client money promptly on request and keep it available. This agreement sets no timetable and gives no grounds on which a request can be refused.

Exelium is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingA client agreement with no withdrawal clause is unusual even offshore. The same group's Seychelles agreement gives client money and withdrawals a section of its own.

05

Exelium bans any software that uses artificial intelligence on its platform, and clause 12.7 lets it withhold every profit made with one. Exelium decides at its sole discretion whether a tool counts as AI.

Why this matters

Clause 12.6 of the same contract treats using an expert advisor as your choice to make. One clause later, a tool Exelium labels AI can cost you the profit, your access and extra penalties.

Exhibit 5CriticalRarely seen

The use of any software, system, or mechanism that employs artificial intelligence (AI) or similar analytical technology in connection with our Trading Platform or related computer systems is strictly prohibited.
Clause 12.7 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Buried at section 92 of 147 in the Client Agreement, 63% of the way through.

Our readingAn outright ban on artificial intelligence tools is new in retail trading contracts. The term is left undefined here, so an indicator, a signal service or a trading robot can all fall inside it.

  • Worse together with Exhibit 4Two separate definitions of forbidden trading, each ending in the same loss of profit.

Four clauses let Exelium take back money already in your account

Clause 13.3 lets Exelium fine you 10% of your deposit on suspicion alone, with a $25 floor. Clause 8.12 lets it cancel any profit from trading it calls abusive, and 12.7 lets it withhold profit made with any AI tool. Clause 8.13 lets it reverse profit on a swap free Islamic account after the fact.

Profit at risk2 clauses flagged

Exelium can cancel any profit from trading it treats as abusive, at its sole discretion, under clause 8.12. Its list in 8.11 includes scalping, high frequency trading and more than one registration from the same IP address.

Why this matters

Two people trading from one home connection can meet the test in 8.11.b. Clause 21.3 then lets Exelium reverse every past trade on the account and close it with no notice.

Exhibit 4CriticalHarder than usual1

The Company reserves the right, at its sole discretion, to revoke any transactions based on fraudulent or abusive trading strategies (as defined in section 8.11 but not limited to the above references), to make all necessary corrections or adjustments such as to adjust the price spread available to the client where applicable and/or remove, cancel any profit/loss generated from the abusive trading activity.
Clause 8.12 in Client Agreement
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Where it sits: section 67 of 147 in the Client Agreement, 46% of the way through.

Exelium can switch off swap free trading on an Islamic account and reverse the profit you already made on it. Clause 8.13 also lets it charge the swap fees backwards, as if the account had never been swap free.

Why this matters

A swap free account is offered for religious reasons, and the bill for using it can arrive months later. The contract also misdirects you: clause 5.2 sends you to 8.11 for swap free trading, and the swap free rules are in 8.13.

Exhibit 13WarningHarder than usual

Furthermore, the Company may offer the possibility to the Clients for swap free trading, however it reserves the right to enable or disable swap free trading at its discretion and/or reverse any cumulative profits generated from such trading and/or charge retrospectively fees that should have been incurred if swap free trading was disabled.
Clause 8.13 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 69 of 147 in the Client Agreement, 47% of the way through.

Leverage, eligibility and the contract itself all move without you

Clause 9.2 lets Exelium change your leverage with no notice, at its sole and absolute discretion. Clause 2.3.k leaves you liable for any deficit after it closes your positions, on an account the site advertises at 1:5000. The agreement linked at the signup checkbox is also a different file from the one on the legal documents page.

Unilateral control3 clauses flagged

Exelium can change your leverage at any time with no notice, at its sole and absolute discretion. Clause 9.1 closes your positions automatically at 50% of margin, while the leverage page advertises a 40% stop out.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

Clause 2.3.k leaves you liable for any shortfall after that closure, so a bad gap can leave you owing Exelium money. The account on that page runs at up to 1:5000, which is $5,000 of market exposure for every $1 you put up.

Exhibit 7CriticalHarder than usual50%

Margin or leverage Level may be set and varied without prior notice from time to time in the Company’s sole and absolute discretion in order to cover any realised or unrealised losses arising from or in connection with transactions, including subsequent variation of any Margin rates set at the time transactions are opened.
Clause 9.2 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 72 of 147 in the Client Agreement, 49% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC, and firms under ESMA rules, must give retail clients negative balance protection, so a client cannot lose more than the account holds. This contract has no such clause and makes you liable for the deficit.

Exelium is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Exelium's signup page asks you to tick a box accepting a client agreement uploaded in November 2023. The legal documents page publishes a different file, the April 2026 agreement, and the clauses cited for Exelium come from it.

Why this matters

You may be bound by wording that is not on the public page. Clause 26.2 lets Exelium change the agreement and tell you through its website, so the published file is not fixed either.

Exhibit 12WarningRarely seen

The Client is required to accept these terms provided that it has read and agrees with the terms of the Agreement by checking and/or clicking the respective acceptance checkbox during the Online Account Opening Procedure which is further explained below.
Clause Scope and Application in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 4 of 147 in the Client Agreement, near the start.

Our readingTwo live copies of the same agreement, one at the checkbox and one on the legal page, is unusual. The contract says the checkbox is the act that binds you, and the checkbox points at a file that would not open.

Exelium's footer says residents of the USA, Canada, the UK and Europe cannot use its services. The agreement has no restricted country clause, and clause 19.1 makes you warrant that your trading is legal where you live.

Why this matters

The signup form offers Sweden, Switzerland, Norway and Iceland, all of them in Europe. If an authority in your country objects later, the warranty you gave in 19.1 puts the problem on you.

Exhibit 17WarningHarder than usual

Any actions conducted by the Client under this Agreement will not violate any law or rule applicable to the Client or to the jurisdiction in which the Client is resident, or any agreement by which the Client is bound or by which any of the Client’s assets or funds are affected;
Clause 19.1.d in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Our own capture of exelium.com, taken on Oct 14, 2026The claim, on Footer of the About Us page, repeated on every English pageVisit this page on the broker's siteDownload the full size image file

Buried at section 121 of 147 in the Client Agreement, 82% of the way through.

The contract sets no prices and lets Exelium change them without asking

Clause 4.1 lets Exelium change its charges with no consultation and no consent from you. The prices live on a web page rather than in the contract, so the zero commission on the home page is a number Exelium can rewrite overnight. Clause 8.13 also allows a storage amount on swap free accounts that appears on no price page.

Cost disclosure1 clause flagged

Exelium publishes its spreads, commissions and charges on a web page, not in your contract. Clause 4.1 says it can change those charges with no consultation and no consent from you.

In plain words

Remuneration means payments it receives.

Why this matters

The zero commission on the home page is a figure Exelium can rewrite without telling you first. Clause 8.13 also allows a storage amount on swap free accounts that no price page shows.

Exhibit 9WarningHarder than usual

The Client further agrees that the Company is entitled to change its charges without any consultation or prior consent from the Client.
Clause 4.1 in Client Agreement
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Where it sits: section 42 of 147 in the Client Agreement, 29% of the way through.

A ten thousand dollar bonus governed by terms off the legal shelf

Exelium advertises a 100% deposit bonus up to $10,000, withdrawable after one lot. The rules sit in a PDF linked only from the promotion page, and the PDF would not open. The agreement you accept at signup does not mention a bonus, and clause 13.3 can still fine you 10% of the deposit.

Bonus rules1 clause flagged

Exelium offers to match your deposit up to $10,000 and says the bonus is withdrawable after one lot. The rules sit in a PDF linked only from the promotion page, and the agreement you accept does not mention a bonus.

Why this matters

You cannot check the conditions on money credited to your account against the contract you signed. Clause 3.1 lists what you accept at signup, and the bonus terms are not in it.

Exhibit 16WarningStandard wording100%

This Agreement governs the relationship between the Client and the Company and is electronically executed.
Clause Scope and Application in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Sixty business days to answer, then nowhere to go

Exelium Ltd has 60 business days to give you a final answer on a complaint. Its Anguilla policy ends there, with no regulator and no ombudsman named. The same group's Seychelles policy gives clients a fourth step, to the Financial Services Authority.

Complaint clock1 clause flagged

Exelium Ltd gives itself up to 60 business days to send you a final answer on a complaint. Its complaints policy stops there, and names no regulator or ombudsman above it.

Why this matters

You can wait months for an answer and then have nobody above Exelium to ask. The same group's Seychelles clients get a fourth step, to the Financial Services Authority.

Exhibit 10WarningHarder than usual60 working days

A final response should be provided to the Client within 60 business days the latest from the date he submitted his complaint;
Clause Annex 1, Procedure, item 3 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Buried at section 146 of 147 in the Client Agreement, 99% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a final response within eight weeks and point the client to an independent complaints scheme. Exelium Ltd allows 60 business days and names no outside body.

Exelium is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 7Exelium sends a written acknowledgement that it has your complaint.Annex 1, Procedure, item 1
Day 30Exelium aims to answer, or writes to explain the delay and estimate a new date.Annex 1, Procedure, item 2
Day 60Exelium's final response is due at the latest. The Anguilla policy stops here.Annex 1, Procedure, item 3
  • Worse together with Exhibit 11The clock runs out with no regulator to escalate to and a court on a Caribbean island as the only step left.

Your contract is with the Anguilla company, and the licence is not

Clause 27.1 applies the laws of Anguilla and clause 27.2 sends every dispute to the courts there. Your counterparty is Exelium Ltd, which names no regulator anywhere in its agreement. The FSA licence SD238 printed on every page belongs to Exelium Global Ltd in Seychelles.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Forum and entity1 clause flagged

Your counterparty is Exelium Ltd, an Anguilla company that names no regulator in its agreement. Clause 27.2 sends every dispute to the courts of Anguilla, and clause 27.1 applies Anguilla law.

Why this matters

To sue Exelium you file in the courts of Anguilla, and no complaints scheme is named anywhere in your contract. The FSA licence printed on every page belongs to Exelium Global Ltd in Seychelles.

Exhibit 11WarningStandard wording

The Competent Courts for all disputes and controversies arising out of or in connection with the Agreement shall be the Courts of Anguilla.
Clause 27.2 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Buried at section 142 of 147 in the Client Agreement, 97% of the way through.

Anguilla clients get an email address instead of data rights

Exelium Ltd's privacy policy gives you no right of access, no right to deletion and no retention period. Clause 16.8 offers one email address for a deletion request, with no deadline and no duty to act. The group's Seychelles policy lists seven data rights and a 72 hour breach notification.

Data rights1 clause flagged

Exelium Ltd's privacy policy gives you no right of access, no right to deletion and no retention limit. Clause 16.8 offers one email address for a request, and nothing obliges Exelium to act on it.

Why this matters

Your passport, your bank statements and your trading history sit with Exelium for as long as it chooses. The group's Seychelles policy lists seven client rights and a 72 hour breach notice, and the Anguilla one lists none.

Exhibit 14WarningHarder than usual

If the Client wishes to withdraw its consent to the use of information, rectify a personal information or request the provision or deletion of information held by the Company related to itself, he may submit its request at the email address support@exelium.com
Clause 16.8 in Client Agreement
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Buried at section 111 of 147 in the Client Agreement, 76% of the way through.

Exelium is your counterparty and sets the price at absolute discretion

Clause 8.1 makes Exelium the contractual counterparty to your trades, so it holds the other side of your position. Clause 8.6 lets it set the quotes at its absolute discretion, and 8.8 makes its adjustments conclusive and binding. The conflicts of interest policy Exelium publishes covers the Seychelles company, not this one.

Both sides of the trade1 clause flagged

Exelium takes the other side of every trade you place, under clause 8.1, so your loss is its gain. Clause 8.6 lets it set the quotes you trade on at its absolute discretion.

Why this matters

The price that triggers your stop loss is Exelium's own number, and clause 8.8 makes its adjustments conclusive and binding on you. The conflicts of interest policy on the shelf covers the Seychelles company, not Exelium Ltd.

Exhibit 15WarningStandard wording

The Client understands and acknowledges that the Company will enter into transactions with the Client either as principal (counterparty) or an agent. The Company will be the contractual counterparty to the Client.
Clause 8.1 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 64 of 147 in the Client Agreement, 44% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must keep a conflicts of interest policy and disclose it to clients. Exelium Ltd's agreement gives the subject one paragraph and no policy document.

Exelium is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Six months without a trade costs five dollars, then five more

Clause 4.3 lets Exelium take up to $5 from your account after six months with no trading, and again every six months after that. The page Exelium built to explain trading costs does not mention it. The clause names no balance at which the charge stops.

In plain words

Dormancy means an account left unused.

Dormancy cost1 clause flagged

Six months with no trading lets Exelium take up to $5 from your account, and take $5 again every six months after that. Clause 4.3 caps the fee and lets Exelium set the amount by notice.

Why this matters

A small balance left alone drains away. Thirty dollars of a $40 balance is gone after three years without a trade, and the clause names no point at which the charge stops.

Exhibit 8WarningHarder than usual$5

The inactivity fee will be up to USD 5 (five US Dollars), and the Company reserves the right to charge the said fee every 6 (six) months if there is no trading activity by the Client the preceding 6 (six) months.
Clause 4.3 in Client Agreement
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Where it sits: section 46 of 147 in the Client Agreement, 31% of the way through.

What it costsA $40 balance with no trading loses $10 a year. After three years $30 is gone and $10 is left.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before they trade. Exelium's own costs page lists spreads and commissions, and leaves this charge out.

Exelium is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The contract defers to a regulator that does not supervise it

Clause 26.2 says Exelium will tell you about amendments after the FSA approves them. Exelium Ltd is an Anguilla company, and its agreement names no licence, no supervisor and no compensation scheme. The Key Facts Statement required by Seychelles law covers Exelium Global Ltd only.

Supervision1 clause flagged

Your agreement says amendments are notified after the FSA approves them, in clause 26.2. The only FSA licence in this group belongs to Exelium Global Ltd in Seychelles, and Exelium Ltd's agreement names no licence of its own.

Why this matters

A line like that reads as though a regulator checks what Exelium changes in your contract. The agreement names no licence, no supervisor and no compensation scheme for Exelium Ltd.

Exhibit 18NoticeRarely seen

The Client acknowledges that he will not enter into any transaction which falls within the definition of market abuse.
Clause 13.1 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Buried at section 140 of 147 in the Client Agreement, 95% of the way through.

Our readingThe identical sentence appears as clause 25.2 of the Seychelles agreement, where an FSA really does supervise the company. In the Anguilla text the same words survive with no regulator behind them.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The only segregation promise Exelium publishes is in the Seychelles company's agreement, and the Anguilla contract a client signs has no client money clause.

Said in public, in English

We keep your money secure in segregated accounts

Home page, Safe clients funds panel

In the contract · clause 7.1

The Company ensures to promptly place any Client money segregated from the Company’s own accounts and opened with an approved bank and/or a payment provider that has been assessed by the Company and/or approved by the Company’s Management.

02

The Persian footer adds the words for having obtained a licence, and the contract says only that the company is incorporated and registered in Anguilla.

Said in public, in Persian

اکسلیوم نام تجاری .Exelium Ltd می باشد که که به عنوان یک شرکت کارگزاری با شماره ثبت A000001254 و در جزیره Anguillaبه آدرس دفتر : Valley, AI-2640, No.8 Cassius Webster Building , Grace Complex, Anguilla ثبت شده و مجوز دریافت کرده است.

Word for word in English: Exelium is the trading name of Exelium Ltd, which as a brokerage company with registration number A000001254 is registered and has obtained a licence in the island of Anguilla, at the office address: Valley, AI-2640, No.8 Cassius Webster Building, Grace Complex, Anguilla.

Footer of the Persian legal documents page, repeated on every Persian page

In the contract · clause Opening paragraph

Exelium Ltd (hereafter the “Company”) is a limited liability company incorporated and registered under the laws of Anguilla, with Company number A000001254 and a registered address at Anguilla, The Valley, AI-2640, No.8 Cassius Webster Building, Grace Complex.

03

The page promises payouts in hours while the contract has no withdrawal section and hands the timing to policies it does not publish.

Said in public, in English

Experience hassle-free and reliable deposit and withdrawal services with us

Deposits and withdrawals page headline, above tables showing withdrawals as instant or 1-3 hours with no withdrawal fee

In the contract · clause 23.3

All other requests will be treated as normal withdrawals and will be processed as per Company's policies and procedures.

04

The page built to set out trading costs lists spreads and commissions only, and leaves out the $5 charged every six months for not trading.

Said in public, in English

At Exelium we commit to offer a low cost trading and a secure trading environment.

Spreads and commissions page, under the heading about knowing your trading cost

In the contract · clause 4.3

The inactivity fee will be up to USD 5 (five US Dollars), and the Company reserves the right to charge the said fee every 6 (six) months if there is no trading activity by the Client the preceding 6 (six) months.

05

The zero commission promise lives on a web page the contract lets Exelium rewrite without consulting you, and its own spreads page charges $5 per lot on one account type.

Said in public, in English

Invest with 0 commission and Spreads from 0.0 pips.

Home page, Low Investing Cost panel

In the contract · clause 4.1

The Client further agrees that the Company is entitled to change its charges without any consultation or prior consent from the Client.

06

The account page advertises a stop out at 40% of margin, and the contract closes positions automatically at 50%.

Said in public, in English

Stop Out 40%

Powerful Leverage Account page, account specification panel

In the contract · clause 9.1

In the case where the Margin is equal to or less than 50% of the Margin requirement, then Client’s positions shall be automatically closed, starting from the most unprofitable, at the prevailing market price.

07

The footer says Europeans cannot use Exelium, the signup form offers four European countries, and the contract has no eligibility clause and makes the client warrant legality instead.

Said in public, in English

Residents of a few countries or regions such as the USA, Canada, United Kingdom, Europe, Democratic People's Republic of Korea, Myanmar, Syria, Sudan and some other countries are not eligible to use Exelium’s services.

Footer of the About Us page, repeated on every English page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of exelium.com

In the contract · clause 19.1.d

Any actions conducted by the Client under this Agreement will not violate any law or rule applicable to the Client or to the jurisdiction in which the Client is resident, or any agreement by which the Client is bound or by which any of the Client’s assets or funds are affected;

The documents this reading is based on

9 files, all published by Exelium. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Exelium publishes.

How this reading was done

Every clause above was read out of a document Exelium publishes itself

This reading was published on . It is the newest of 2 readings we keep of these documents. See every reading.

Documents
7 of 9downloaded from the broker's site, and 7 read in full
Pages opened
81pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded, 2 identical to the copy we hold by fingerprint
Marketing pages
11public pages set against what the contract says
Languages
EN vs FAthe language it advertises in, against the language it contracts in
Position measured
15clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Exelium Ltd

Exelium Ltd, registered in Anguilla with company number A000001254, is the counterparty on every retail account opened through exelium.com. The signup page asks you to accept the Exelium Client Agreement and the Exelium Ltd privacy policy, and that agreement applies Anguilla law and Anguilla courts. Exelium Global Ltd is a separate company, registered in Seychelles and licensed by the Financial Services Authority as a securities dealer under number SD238. The licence, the segregation promise, the conflicts policy and the complaint route to a regulator all sit in that second company's documents. None of them is in your contract.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

Every time we have read this contract

We keep 2 readings of Exelium’s documents, newest first. Each one shows what we said at the time.

2 readings

What changed since Sep 24, 2026

The counts below are about our own list of clauses. A clause can join it because the broker added it, or because this reading found something the last one missed.

New on our list
5 clauses
Off our list
1 clause
We rate critical
7 now, 6 then
Our risk score
8.5 out of 10, unchanged

Every document Exelium publishes today is identical to the September 2026 version, so nothing in the contract has changed. Re-reading confirms the 10% penalty in 13.3, the $5 inactivity fee in 4.3 and the 60 business day complaint clock are all still in force. Three clauses are new to this page: the missing client money section, clause 2.3.k on deficits, and the stop out level in 9.1. The risk score stays at 8.5.

The counts above are the totals each reading published. They show that a total moved. They do not yet say which single clause was added or dropped.

  1. CurrentRisk 8.5/1018 clauses7 critical
  2. Risk 8.5/1014 clauses6 criticalReplaced

We keep every past reading so you can check what we said before, and when we said it. Those pages are archived snapshots of an older contract, so search engines are asked not to index them.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Exelium puts the complaint form inside the agreement itself, with a postal address and a complaints email. Section 2.3 lists sixteen specific risks in plain language, which is fuller than most offshore agreements manage. Clause 9.1 prints the margin call and stop out levels in the contract, instead of leaving them to a web page. The group's Seychelles company publishes six documents, including a Key Facts Statement with worked profit and loss figures. The English footer does say the FSA licence belongs to that company and not to Exelium Ltd.

This review covers all seven documents Exelium publishes today, in full. Two others would not open: the bonus terms linked from the promotion page, and the client agreement copy behind the signup checkbox. That second file is not the one on the legal documents page, so we cannot tell you which clauses differ. The two earlier copies available are identical to today's files. Every legal document is in English, including the files the Persian and Spanish pages link to.

How to check any of this yourself

Every quote above links to the Exelium file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Exelium publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Exelium on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 14, 2026.

If you represent Exelium and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Exelium. Whether its licence is real and current is a separate check on the broker profile.

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