Exco Broker Review

　　

Exco 2025 Review: Everything You Need to Know

　　Exco, a relatively new player in the forex brokerage scene, has garnered mixed reviews from users and experts alike. Established in 2018 and registered in Saint Vincent and the Grenadines, Exco offers trading through the popular MetaTrader 4 platform, alongside a proprietary social trading service. However, concerns regarding its regulatory status and user experiences raise questions about its reliability and safety.

　　Note: The various entities operating under the Exco brand may lead to discrepancies in user experiences and regulatory compliance. It is crucial to consider these factors for a fair assessment.

　　

Ratings Overview

Category	Rating (out of 10)
Account Conditions	6.0
Tools and Resources	5.0
Customer Service and Support	4.7
Trading Experience	5.9
Trustworthiness	4.2
User Experience	6.0

　　We rate brokers based on user feedback, expert opinions, and factual data from various sources.

　　

Broker Overview

　　Founded in 2018, Exco is a forex broker that provides access to a wide range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. The trading platform offered is primarily MetaTrader 4 (MT4), which is well-regarded for its user-friendly interface and extensive analytical tools. However, Exco operates without robust regulatory oversight, primarily registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, which has raised concerns about the safety of client funds.

　　

Detailed Breakdown

　　

Regulatory Status

　　Exco is registered in Saint Vincent and the Grenadines, an offshore jurisdiction known for lax regulatory frameworks. While it claims to be regulated, the FSA does not provide oversight for forex and CFD brokers, which significantly lowers the trustworthiness of Exco as a trading platform. According to WikiFX, Exco has received a low score of 2.00/10, indicating a high risk for potential investors.

　　

Deposit/Withdrawal Methods

　　Exco offers various deposit and withdrawal options, including bank transfers, credit cards (Visa and Mastercard), and cryptocurrencies (Bitcoin, Ethereum, and Litecoin). The minimum deposit required is $50 for STP accounts and $100 for ECN accounts. However, users have reported delays in withdrawals, particularly for accounts that have been inactive for extended periods, with some users expressing frustration over the process.

　　

Bonus/Promotions

　　Exco does not prominently advertise any bonuses or promotions, which could be a disadvantage for traders looking for incentives. According to Intelligence Commissioner, the lack of promotional offerings may deter potential users who are exploring various brokers for better trading conditions.

　　

Tradable Asset Categories

　　Traders at Exco can access a diverse range of assets, including over 35 forex pairs, commodities like gold and silver, and cryptocurrencies such as Bitcoin and Ethereum. The platform also offers indices trading, which adds to its versatility as a broker.

　　

Costs (Spreads, Fees, Commissions)

　　Exco's spreads are competitive, starting from 0.5 pips for ECN accounts, but users have reported that the overall cost structure can be complex. The commission is $2 per side for ECN accounts, which some users find reasonable compared to other brokers. However, high spreads during volatile market conditions can eat into profits, as noted by users on Forex Peace Army.

　　

Leverage

　　Exco offers leverage up to 1:500, which can be appealing to traders looking to amplify their positions. However, this high leverage also comes with increased risk, especially for inexperienced traders. Users have expressed concerns about the risks associated with such high leverage, particularly in an unregulated environment.

　　

Trading Platforms Allowed

　　Exco primarily uses the MetaTrader 4 platform, which is popular among traders for its advanced features, including automated trading capabilities through Expert Advisors (EAs). Some users have reported issues with the platform's functionality, citing a lack of support for certain features that are standard in other brokers' offerings.

　　

Restricted Regions

　　While Exco does not explicitly list restricted regions, its offshore status may raise red flags for traders in jurisdictions with strict regulatory requirements. Users are advised to check local regulations before engaging with the broker.

　　

Customer Support Languages

　　Exco provides customer support in multiple languages, including English, which is accessible via email, phone, and social media. However, user reviews indicate that response times can be slow, particularly for withdrawal-related inquiries.

　　

Ratings Revisited

Category	Rating (out of 10)
Account Conditions	6.0
Tools and Resources	5.0
Customer Service and Support	4.7
Trading Experience	5.9
Trustworthiness	4.2
User Experience	6.0

　　

Detailed Explanations

　　

Account Conditions

　　Exco provides two main account types: STP and ECN, catering to different trading styles. The minimum deposit for STP accounts is $50, while ECN accounts require $100. However, users have noted high spreads and commissions that can affect overall trading costs.

　　

Tools and Resources

　　The broker offers basic educational resources, but many users feel that the depth and quality of these materials are lacking. According to Intelligence Commissioner, the focus on education is commendable, but the execution falls short compared to competitors.

　　

Customer Service and Support

　　Customer service is available 24/7, but many users report inconsistent experiences with response times and the quality of support provided. Complaints about unresponsive staff during withdrawal requests have been common, raising concerns about the reliability of their support system.

　　

Trading Experience

　　While the MT4 platform is robust, users have reported issues with execution speeds and order slippage, particularly during high volatility. This can be a significant drawback for traders who rely on precise execution for their strategies.

　　

Trustworthiness

　　The lack of strong regulatory oversight and numerous user complaints about withdrawal issues undermine Exco's trustworthiness. Users are advised to exercise caution and consider their risk tolerance before engaging with the broker.

　　

User Experience

　　Overall user experiences vary, with some praising the platform's features and others expressing frustration with customer service and withdrawal processes. The mixed reviews suggest that potential users should conduct thorough research before investing.

　　In conclusion, while Exco presents itself as a viable option for forex trading, potential users should weigh the risks associated with its unregulated status and mixed user experiences. The Exco review indicates that while there are benefits, the drawbacks may outweigh them for many traders.