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Worked example

Exclusive Markets logoPractising on Exclusive Markets's numbers

This is an exercise sheet, not a review. We are going to take three things that Exclusive Markets publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.

The figures we are working from

Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.

1.6Published EUR/USD spread, pips
not verifiedMinimum to open, USD
not verifiedTrading since
Mahe, SeychellesHead office
up to 1:4000Retail leverage cap
1Licence lines on file

Exercise one — turn the spread into money

The spread is the gap between the price you can buy at and the price you can sell at, and you pay it the instant you enter. Exclusive Markets publishes 1.6 pips on EUR/USD. On its own that number means nothing. Here is how it becomes money.

1Fix what one pip is worthOn a one standard lot EUR/USD position — 100,000 units — a one-pip move is worth $10. That is a property of the contract size, not of Exclusive Markets, and it holds wherever you trade.
2Multiply the spread by the pip value1.6 pips × $10 a pip = $16.00. That is what it costs to open and close one standard lot here, before any commission the account may also charge.
3Scale it down to a size you should actually tradeA beginner has no business trading a standard lot. At 0.01 lots — a micro — every figure divides by a hundred: the same round turn costs $0.16. Small enough to practise with, large enough to be real.
4Ask what the cost buys youA $500 float would be entirely consumed by 31 standard-lot round turns at this spread and nothing else. That is the number that should change how often you click.
Compare this broker's 1.6 pip EUR/USD figure against the "from" number in its own advertising.

Now do it without us

Take the spread of any other firm on the practice index, run the same four steps, and write both figures down — per lot and per micro. When you can do that in your head you have stopped shopping on marketing copy and started shopping on cost. The pip value calculator will check your working on pairs where the pip is not a flat ten dollars.

Exercise two — read the account ladder

Account tiers are a pricing structure dressed as a status ladder. Exclusive Markets offers 5 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.

  1. ExclusiveThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
  2. StandardA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
  3. Standard PlusA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
  4. CentA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
  5. SharesA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.

Account names as published: Exclusive, Standard, Standard Plus, Cent, Shares. Platforms listed: MT4, MT5.

Exercise three — what this licence list means for you

A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are Exclusive Markets's lines, each with a plain reading.

RegulatorEntity on the registerNumberWhat that means for a beginner
FSA Seychelles · SeychellesExclusive Markets LtdSD031an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity
How to use that table

No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here. 1 line is offshore registration; treat those as a company address rather than as supervision.

The record behind these numbers

What we could not verify

The following are unconfirmed and are deliberately left blank rather than estimated: founding year; headquarters; minimum deposit; maximum leverage; EUR/USD spread; account types; segregated funds; negative balance protection; status of the Cyprus entity; founded — no primary source states a founding year: the broker's own pages are silent and directories disagree (2018 vs 2020); the FSA Seychelles register entry for SD031 could not be read. Left null.; minDeposit — varies by account type on the broker's trading-account pages: Cent $10, Standard $100, Standard Plus $500, Exclusive $1,000; no single figure.; spreadEurusd — the Standard account card states 'From 1.6 Pip', which is a floor rather than a measured average and is not explicitly labelled as EURUSD; 1.6 was recorded as the broker's stated Standard-account spread with this caveat.; company registration number — the broker's own pages disagree: the regulations page footer says 843950-1, the Client Agreement clause 1.2 says 8423950, and the FAQ says 8423950-1. Licence number SD-031 is consistent across pages.; legalEntities sourceUrl https://www.exclusivemarkets.com/regulations returns HTTP 403 to plain curl (bot protection) but loads via other fetch paths; not listed as a dead URL.. Confidence in this file overall: medium. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.

All worked examplesSize a trade with these figures

Run the same exercise on another firm

AAAFxSpread not verified — used here for its account ladder.Practise →ACY SecuritiesSpread not verified — used here for its account ladder.Practise →Admirals (Admiral Markets)0.5 pips published, $5.00 per standard lot.Practise →ADSSSpread not verified — used here for its account ladder.Practise →AETOS Capital GroupSpread not verified — used here for its account ladder.Practise →Alchemy Markets (Malta)Spread not verified — used here for its account ladder.Practise →

pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.