Exango

Exango holds a low WikiFX score of 1.31 out of 10, primarily due to its lack of valid regulatory oversight. The broker is registered in the United Kingdom but does not hold any recognized forex trading license from a major financial authority. Without a regulated framework, traders are not afforded the usual protections such as fund segregation or negative balance protection. WikiFX assessment indicates that this broker presents a high-risk profile, and traders should exercise extreme caution.

According to WikiFX data, Exango is not regulated by any credible financial authority. Its license list contains no entries under forex licenses, and the broker operates without oversight from regulators such as the FCA, ASIC, or CySEC. This absence of regulation means there is no independent supervision of the broker's operations.

Exango offers three account types with different minimum deposit requirements. The STARTER account requires a minimum deposit of $150, the OPTIMAL account requires $1,000, and the SUPERIOR account requires $10,000. These entry points cater to different capital levels, but the lack of regulatory oversight remains a significant concern regardless of account tier.

WikiFX data does not specify whether Exango supports the MetaTrader 4 or MetaTrader 5 platforms. Traders looking for these popular trading platforms should verify directly with the broker, as the absence of this information adds to the overall transparency concerns.