EXCO broker Accounts

exco Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: exco Account Types Explained

Available Account Types

EXCO offers two primary account types tailored to different trading needs:

1. EXCO ECN Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Commission of $2 per lot; spreads vary.
• Leverage Options: Up to 1:500.
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Advanced traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. EXCO STP Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: No commission; spreads start from market rates.
• Leverage Options: Not specified.
• Key Features: Straight-through processing, ideal for beginners and casual traders.
• Target User Profile: Beginner to intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: EXCO STP Account
• Intermediate: EXCO STP Account
• Advanced: EXCO ECN Account

Part 2: Detailed exco Account Features

Feature Comparison Across Account Types

Advantages of Each Account Type

EXCO ECN Account:

• Lower spreads for high-frequency trading.
• Direct access to the interbank market.
• Ideal for scalpers and algorithmic traders.

EXCO STP Account:

• No commission fees, making it cost-effective for beginners.
• Straightforward trading experience with market execution.
• Suitable for those who prefer a simpler trading approach.

Disadvantages of Each Account Type

EXCO ECN Account:

• Higher minimum deposit requirement.
• Commission fees may add up for frequent traders.

EXCO STP Account:

• Higher spreads compared to ECN accounts.
• Limited leverage options may not suit all traders.

Part 3: exco Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries; specific restrictions may apply.
• Prohibited Countries: Not specified in the sources.
• Identity Verification Documents Needed:
• Government-issued ID (passport, drivers license).
• Proof of residence (utility bill, bank statement).
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

EXCO adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to provide identification and proof of residence to verify their identity.

Verification Time Frames

The account verification process typically takes a few hours to a couple of days, depending on the completeness of the submitted documentation.

Part 4: Step-by-Step exco Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official EXCO website.
2. Click Registration: Find and click on the "Open Account" button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select either the EXCO ECN or STP account.
5. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with mobile registration typically being more streamlined for user convenience.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically ranges from a few hours to 48 hours, depending on the completeness of the application and documents submitted.

How to Upgrade/Downgrade Account Types

Account type changes can usually be requested through the client dashboard or by contacting customer support.

Part 5: exco Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice trading without financial risk.
• Access to the same trading platform and tools as live accounts.
• Ideal for beginners to learn trading strategies.

How to Open a Demo Account

1. Visit the EXCO website.
2. Click on the "Open Demo Account" option.
3. Fill in the required personal information.
4. Set preferences and submit the application.

Demo Account Limitations

• Limited virtual balance for trading.
• May have an expiration period after which it needs to be renewed.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $10,000 or similar, allowing traders to practice effectively.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts may incur commissions and spreads, while demo accounts do not.

Duration/Expiry of Demo Accounts

Demo accounts usually remain active for a limited time, often 30 days, but can be extended upon request.

Part 6: exco Islamic Account Details

Swap-Free/Islamic Account Availability

EXCO offers swap-free accounts for traders who require compliance with Islamic finance principles.

Eligibility Requirements

Clients must request the Islamic account option during the registration process and may need to provide additional documentation.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, which are typically charged for overnight positions.

How to Apply for Islamic Account

1. Select the Islamic account option during the account registration process.
2. Provide any required documentation to verify eligibility.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limits on certain trading strategies.

FAQs – exco Account Types & Opening

1. What account types does exco offer？

• EXCO offers the ECN and STP account types.

1. What is the minimum deposit for each account type？

• The minimum deposit is $100 for the ECN account and $50 for the STP account.

1. How long does exco account verification take？

• Verification typically takes a few hours to a couple of days.

1. Does exco offer demo accounts？

• Yes, EXCO provides demo accounts for practice trading.

1. Can I have multiple account types with exco？

• Yes, clients can request multiple account types.

1. Does exco offer Islamic/swap-free accounts？

• Yes, EXCO offers swap-free accounts upon request.

1. What documents do I need to open a exco account？

• Required documents include a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through the client dashboard or customer support.