Forex EXCO Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.1

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.3

Business 1.6

Risk Control 1.9

Software 2.6

Regulatory 2.1

Terminal Snapshot

EXCO Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@excotrader.com

Contact Number +2349126988988

Website excotrader.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including indices, commodities, and cryptocurrencies
Multiple account types catering to different trader levels
Low minimum deposit requirements starting from $50
Comprehensive customer support available via email, phone, and live chat
Access to the popular MT4 trading platform

Cons

Unregulated broker with no oversight
Limited trading instruments available
Potential high fees for withdrawals and deposits
Limited educational resources for advanced traders
Inactivity fees may apply for dormant accounts

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	EXCO	Anzo Capital	Focus Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.1/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does EXCO Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
EXCO ECN	Experienced traders	Low spreads, high leverage	Minimum deposit of $100
EXCO STP	Beginner to intermediate traders	Accessible trading conditions	Minimum deposit of $50
Basic Account	New traders	Low starting capital	Minimum deposit of $50
Pro Account	Professional traders	Advanced trading tools	Minimum deposit of $500
VIP Account	High-capital traders	Exclusive services	Minimum deposit of $1500

Account Opening Process

To open an account with EXCO, prospective clients need to follow several steps. First, they must submit personal information, including their name, email, and contact details. Next, they will provide employment information and financial details to assess their trading experience. An essential part of the process involves identity verification, where clients are required to submit a form of identification and proof of address. Once the account is set up, clients may have the flexibility to upgrade to a professional account as their trading experience and volume increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for major pairs
CFDs (Stocks, Indices)	1.0	$0	Standard commission structure
Cryptocurrencies	Variable	0.1%	Dependent on market conditions

Other Fees

Clients should be aware of additional fees associated with trading on EXCO. These may include deposit and withdrawal fees, which can vary based on the selected payment method. Inactivity fees may also apply if an account remains dormant for an extended period. Clients should also consider potential platform usage fees, overnight interest (swap rates) for positions held overnight, and any currency conversion fees that may occur when trading instruments in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

EXCO User Reviews

2.5

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Benny A.

Lagos, Nigeria

★ ★ ★ ★ ★

I had a terrible experience with my account manager who provided no support when I needed help. After losing my capital, he only reached out to suggest I fund my account again for a mentorship program. This was very frustrating and unprofessional.

Trinidad James

Port Harcourt, Nigeria

★ ★ ★ ★ ★

EXCO takes education seriously, offering various beginner and intermediate classes. Their commitment to helping traders succeed is commendable, and I appreciate the resources they provide for improving our skills.

Oka111

Abuja, Nigeria

★ ★ ★ ★ ★

I faced challenges with making deposits from my dashboard, which was not very user-friendly. However, I found the customer service to be friendly and willing to assist.

Shehu M.

Abuja, Nigeria

★ ★ ★ ★ ★

Initially, I was frustrated with the customer support. It was only after escalating my concerns to the branch manager that I saw any improvement. The lack of attentiveness was disappointing.

Saint Vincent and the Grenadines Market