Score

1.47 /10
Danger

Exco

Hong Kong

2-5 years

Suspicious Regulatory License

High potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.70

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Exco Global Limited

Company Abbreviation

Exco

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-10-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exco · Company summary
Aspect Information
Registered Country United States
Founded year 2022
Company Name Exco Trade
Regulation Not regulated
Minimum Deposit $100 (Standard Account)
Maximum Leverage Up to 1:500
Spreads Standard Account: From 2.0 pips
Premium Account: From 1.8 pips
Platinum Account: From 1.5 pips
Trading Platforms cTrader
Tradable assets Cash Indices, Commodities, Forex, Crypto, Energies, Metals, Indexes, Shares
Account Types Standard, Premium, Platinum
Customer Support Live Chat, Email
Payment Methods E-Wallet, Bank Transfer, Cryptocurrencies

Overview

Exco Trade, a trading platform founded in 2022 and headquartered in the United States, offers a diverse range of tradable assets including cash indices, commodities, forex, cryptocurrencies, energies, metals, indexes, and shares. Operating without regulatory oversight, the company provides traders with three account types - Standard, Premium, and Platinum - each tailored to varying trading needs and capital sizes, with minimum deposits starting from $100. With maximum leverage up to 1:500, traders can amplify their positions, while spreads range from 2.0 pips for the Standard Account to 1.5 pips for the Platinum Account. The platform, powered by cTrader, ensures a seamless trading experience, complemented by accessible customer support through live chat and email, and flexible payment methods including e-wallets, bank transfers, and cryptocurrencies.

Overview

Regulation

Exco Trade operates without regulatory oversight, posing potential risks to investors due to the lack of supervision and accountability. Without regulatory scrutiny, there's a heightened probability of fraudulent activities or mismanagement within the company. Investors should exercise caution and thoroughly research before engaging with Exco Trade or any unregulated entity in the financial markets.

Regulation

Pros and Cons

Pros Cons
  • Diverse Market Instruments
  • Lack of Regulation
  • Competitive Account Types
  • High Leverage
  • Commission-Free Trading
  • Convenient Payment Methods

While Exco Trade offers various advantages such as diverse market instruments, competitive account types, high leverage, commission-free trading, and convenient payment methods, it also presents a significant drawback due to the lack of regulatory oversight, which may pose risks to investors. Traders should carefully weigh these pros and cons when considering engaging with the platform.

Market Instruments

  1. Cash Indices: Representing baskets of stocks, these indices track the performance of specific segments of the stock market.

  2. Commodities: Including raw materials such as precious metals (e.g., gold, silver), agricultural products (e.g., wheat, corn), and energy resources (e.g., crude oil, natural gas).

  3. Forex (Foreign Exchange): Involving the trading of currency pairs, allowing investors to speculate on the exchange rates between different currencies.

  4. Crypto: Dealing with digital assets like Bitcoin, Ethereum, and other cryptocurrencies, which operate on decentralized blockchain networks.

  5. Energies: Encompassing tradable energy products such as crude oil, natural gas, and other related derivatives.

  6. Metals: Including precious metals like gold, silver, platinum, and industrial metals such as copper and aluminum.

  7. Indexes: Tracking the performance of a group of assets, such as stock market indexes like the S&P 500 or the Dow Jones Industrial Average.

  8. Shares: Representing ownership in individual companies, allowing investors to buy and sell stocks of publicly traded corporations.

Exco Trade provides access to these diverse market instruments, enabling traders to participate in various sectors of the global financial markets and manage their investment portfolios effectively.

Market Instruments

Account Types

Exco Trade offers three tiers of account types to accommodate varying trading needs:

  1. Standard Account:

    1. Provides access to global markets with the benefit of commission-free trading.

    2. This account type is suitable for traders starting out or those looking for a lower initial investment.

    3. Max. Leverage: 1:500

    4. Spreads From: 2.0 pips

    5. Minimum Deposit: $100

  2. Premium Account:

    1. Offers slightly tighter spreads compared to the Standard Account, enhancing the potential for maximizing profits.

    2. Geared towards traders with more substantial capital and seeking competitive pricing.

    3. Max. Leverage: 1:500

    4. Spreads From: 1.8 pips

    5. Minimum Deposit: $10,000

  3. Platinum Account:

    1. Provides the tightest spreads among the offered account types, allowing traders to execute trades more cost-effectively and efficiently.

    2. Tailored for experienced traders or those requiring ultra-low spreads for optimal trading conditions.

    3. Max. Leverage: 1:500

    4. Spreads From: 1.5 pips

    5. Minimum Deposit: $25,000

Each account type comes with its own set of features and benefits, catering to traders with varying levels of experience, risk appetite, and trading objectives.

Account Types

Leverage

This broker offers a maximum trading leverage of up to 1:500. Leverage allows traders to control larger positions with a smaller amount of capital, amplifying both potential profits and losses. With a leverage ratio of 1:500, traders can control positions up to 500 times the size of their initial investment. While high leverage can enhance trading opportunities, it also significantly increases risk, requiring traders to exercise caution and implement effective risk management strategies.

Spreads and Commissions

Exco Trade offers variable spreads across its account types, ranging from 2.0 pips for the Standard Account, 1.8 pips for the Premium Account, and 1.5 pips for the Platinum Account. Notably, the spreads decrease as traders move up the account tiers, indicating tighter pricing for higher deposit amounts. Additionally, the brokerage advertises commission-free trading, suggesting that traders do not incur direct commission charges on their transactions. Instead, the broker likely generates revenue through the spreads, effectively incorporating its compensation into the difference between the buy and sell prices of assets. Overall, traders benefit from competitive spreads tailored to their account type without incurring explicit commission fees.

Deposit & Withdrawal

Exco Trade provides three simple payment methods for its clients:

  1. E-Wallet: Use digital wallets like PayPal or Skrill for quick and secure deposits and withdrawals.

  2. Bank Transfer: Transfer funds directly from your bank account to your trading account for larger transactions.

  3. Cryptocurrencies: Deposit and withdraw using popular cryptocurrencies like Bitcoin or Ethereum for decentralized and efficient transactions.

With these options, Exco Trade ensures easy and convenient ways for clients to manage their funds.

Deposit & Withdrawal
Deposit & Withdrawal

Trading Platforms

Exco Limited's cTrader platform blends advanced technology with deep liquidity to offer traders a top-notch trading experience. Here's a simple breakdown:

Introduction to cTrader:

  • cTrader's user-friendly platform allows access to multiple accounts through a single login, making trading hassle-free.

Features of cTrader:

  • One-click trading and real-time news keep traders informed and enable quick actions.

  • It offers 90 indicators and charting tools for in-depth market analysis.

  • Traders can customize indicators, create trading robots, and use utility applications.

  • The platform supports VPS services, six types of pending orders, and 21 timeframes.

  • Hedging positions and an economic calendar further aid in managing trades effectively.

Downloading cTrader:

  • Available for Windows, MAC OS X, and mobile devices through Google Play Store and iOS App Store.

  • Web trading allows access from any browser for added convenience.

Overall, cTrader provides traders with a robust platform and convenient access across various devices.

Trading Platforms

Customer Support

Exco Limited provides accessible customer support options for traders in need of assistance:

Live Chat:

  • Traders can access professional and prompt customer support through live chat, available 24/7.

Location:

  • The physical location of Exco Limited's customer support is not specified in the provided information.

Email:

  • Traders can reach out to customer support by filling out a form or directly emailing Exco Limited.

  • The form includes fields for the user's first name, last name, email address, contact number, preferred contact schedule, and comments or inquiries.

  • Submissions are processed through a form where users can input their details and message, with a character limit of 1000 characters.

  • After filling out the form, users can submit their inquiries, and the customer support team will respond accordingly.

Overall, Exco Limited offers multiple channels for traders to contact their customer support team, ensuring accessibility and responsiveness to address any queries or concerns.

Customer Support

FAQs

Q1: What market instruments does Exco Trade offer?

A1: Exco Trade provides access to various market instruments, including cash indices, commodities, forex, cryptocurrencies, energies, metals, indexes, and shares.

Q2: What are the account types offered by Exco Trade?

A2: Exco Trade offers three tiers of account types: Standard, Premium, and Platinum, each tailored to accommodate different trading needs and capital levels.

Q3: What is the maximum trading leverage offered by Exco Trade?

A3: Exco Trade offers a maximum trading leverage of up to 1:500, allowing traders to control larger positions with a smaller amount of capital.

Q4: How are spreads and commissions structured at Exco Trade?

A4: Exco Trade offers variable spreads across its account types, ranging from 2.0 pips for the Standard Account to 1.5 pips for the Platinum Account. Additionally, the brokerage advertises commission-free trading.

Q5: What payment methods are available for deposits and withdrawals at Exco Trade?

A5: Exco Trade provides three simple payment methods: e-wallets (such as PayPal or Skrill), bank transfers, and cryptocurrencies (like Bitcoin or Ethereum) for convenient and secure transactions.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

News

ExposureExco Trade Review: A Cautionary Tale for Traders

Exco Trade, established in 2022 and headquartered in the United States, presents itself as a versatile trading platform offering a wide array of tradable assets, including cash indices, commodities, forex, cryptocurrencies, energies, metals, indexes, and shares.

WikiFX
2024-08-11 08:30
Exco Trade Review: A Cautionary Tale for Traders

User Reviews

More

User comment

3

Comments

Write a review

FX1254905381
more than one year
They are all scammers! They stole all my deposited money and my profits. Hope that I was their last victim. Heed my warning and steer far far away from these guys and do not engage with them - EVER!!!
They are all scammers! They stole all my deposited money and my profits. Hope that I was their last victim. Heed my warning and steer far far away from these guys and do not engage with them - EVER!!!
Translate to English
2023-02-27 12:14
Reply
0
0
FX1108993256
more than one year
I don’t know if they are insane. They asked me to invest in their platform, and the minimum deposit is $5000. Yes, you heard me right, $5000! Why don’t they directly rob the bank? I feel shamed for him!!!
I don’t know if they are insane. They asked me to invest in their platform, and the minimum deposit is $5000. Yes, you heard me right, $5000! Why don’t they directly rob the bank? I feel shamed for him!!!
Translate to English
2022-12-05 15:22
Reply
0
0