EXCO-Overview of Minimum Deposit, Spreads & Leverage
Extracto：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.
| 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.
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