Company Profile
Company Profile
Review summary
| EXCO Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Indices, Commodities, Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.5 pips |
| Trading Platform | MT4 |
| Minimum Deposit | $50 |
| Customer Support | Contact form |
| Tel: +234 912 698 8988 | |
| Email: support@excotrader.com | |
| Social Media: Facebook, Instagram, LinkedIn | |
| Address: Savannah Centre for Diplomacy, Democracy & Development, Plot 239 P.O.W. Mafemi Cres, Utako, 900108 Abuja, Nigeria | |
| Regional Restriction | E.U. member states, The United States, Canada, Japan, Turkey, Australia, Democratic Republic of Congo, Iran and North Korea |
Founded in 2020, EXCO is an unregulated broker registered in Saint Vincent and the Grenadines. Clients can use demo accounts and trade indices, commodities, and cryptocurrencies on the MT4 platform. It offers five account types, with a minimum deposit of $50 and the leverage is up to 1:500. Apart from that, it should be noted that EXCO does not provide services for residents from certain areas.
Pros and Cons
| Pros | Cons |
| Demo accounts available | No regulation |
| Five account choices | Regional restriction |
| Multiple contact channels | |
| MT4 support | |
| Popular payment options | |
| Bonus offered |
Is EXCO Legit?
No, EXCO is not regulated. Please be aware of the risk!
What Can I Trade on EXCO?
| Tradable Instruments | Supported |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Forex | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account | Minimum Deposit |
| EXCO ECN | $100 |
| EXCO STP | $50 |
| Basic | $50 |
| Pro | $500 |
| VIP | $1500 |
Leverage
The leverage for both accounts is up to 1:500. The use of leverage can both maximize profits and increase losses at the same time.
| Account | Maximum Leverage |
|---|---|
| EXCO ECN | 1:500 |
| EXCO STP | 1:500 |
EXCO Fees
| Account | Spread | Commission |
| EXCO ECN | 0.5 pips | $2 |
| EXCO STP | 1 pips | No commission |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, Tablet, Mobile | Beginners |
| MT5 | ❌ | / | Experienced trader |
Deposit and Withdrawal
Deposit
Customers can deposit funds on bank transfer, VISA, MasterCard, Global Cryptocurrency, PaymentAsia, DusuPay, and local payments.
Withdrawal
Clients can log into the trading room and apply for withdrawal by filling in bank and account information.
benny1517
Nigeria
Terrible experience with my initial account manager (Olubumi) I hope they fired him, guy doent help me with signals from the signal group, until I blew my account, then he's calling to ask if I wanted to fund my account for the mentorship program since I lost my capital, who deos that... All I need was to make money like I see others post on the telegram group. But this guy wasted me. God pu**nsh him
Neutral
Trinidad James
Nigeria
At the end of the day, ExcoTrader has to be one of the few brokers who really does take education seriously. Gotta give it to them for the constant beginner classes and also intermediate classes they hold. Hard to see a broker committed to your success like Exco Trader,well done, and Keep it up.
Positive
Oka111
Nigeria
my major challenge is the fact that making deposit from my dashboard is not really easy... very friendly customer service
Neutral
Shehu7655
Nigeria
my experience with Exco Trader's customer service left me feeling quite frustrated at First. However, upon Calling the attention of the Abuja Branch manager, I started to notice improvements. The support team began to show more attentiveness and clarity in their responses, addressing my inquiries more effectively. Over time, Exco Trader's customer service has significantly enhanced. Their dedication to ensuring customer satisfaction is evident. They now promptly address concerns, offer detailed assistance, and go the extra mile to ensure a smooth experience. This level of improvement is commendable.
Positive
FX1294326958
South Africa
I love EXCO’s low spreads, flexible leverage up to 1:500, low starting capital of $50. Its customer support is also very professional friendly, always here to give me assistance. Happy to find the proper broker.
Positive
FX1173266692
United Kingdom
EXCO is the most trusted and reliable broker in the world with fast execution and instant withdrawal services. Live support 24/7. Highly recommended!!!
Positive