My review radar today is tilting towards the Forex broker, Exco Trader.
This is one of the top Forex platforms in Nigeria with diverse services to cater to its users’ needs.
In this review, you will learn all there is to know about the Exco platform and why it stands out among its equals.
Grab your popcorn and start reading.
Exco Trader Review Summary
This is the sequence that today’s post will follow:
- Exco Trader Overview
- Features of Exco Trader
- Exco Products and Services
- Supported Assets and Countries
- Available Payment Options, Limits, and Fees
- Verification Requirement
- Customer Support and Public Opinion
- Conclusion
The embedded link helps for swift navigation within the post.
Let’s get to the first subheading.
1. Exco Trader Overview
Exco Trader is a Forex and CFD brokerage platform catering to both beginners and seasoned traders.
It was launched in 2018 with the registration number 3062 LLC 2023.
Exco Trader is operated by RSG Finance LLC, a company registered in Saint Vincent and the Grenadines.
Built on the renowned MetaTrader 4 (MT4) platform, the broker delivers a seamless trading experience with an intuitive interface and advanced tools.
Traders can access a diverse range of instruments, offering ample opportunities in the global financial markets.
Below, I listed the unique features of the platform.
2. Features of Exco Trader
- Excellent security
- Competitive spreads
- Low fees
- Interactive UIX
- Mobile apps – windows, android, iOS
- Fast order execution
- Multiple payment options
- Partnership program
- Free webinar
- Advanced trading tools
- Free resources
3. Exco Trader Products and Services
Exco Trader provides various services, including:
Forex Trading: Trade major, minor, and exotic currency pairs.
CFD Trading: Access to indices, stocks, and commodities.
Copy Trading: Allows beginners to copy professional traders.
Let’s look at the supported assets and countries.
4. Supported Assets and Countries
Exco Trader offers a variety of assets, including:
Forex Pairs: EUR/USD, GBP/USD, USD/JPY, and more.
Commodities: Gold, silver, oil, and others.
Indices: S&P 500, NASDAQ, FTSE 100.
Cryptocurrencies: Bitcoin, Ethereum, Litecoin.
Stocks: Popular shares from global markets.
The platform supports users from various parts of the world with the following exceptions:
- Citizens of E.U. member states
- The United States
- Canada
- Japan
- Turkey
- Australia
- the Democratic Republic of Congo,
- Iran, and
- North Korea.
5. Available Payment Options and Deposit Limits
Exco Trader supports multiple payment methods, including:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets (Skrill, Neteller, etc.)
- Cryptocurrency
For the limits, the broker offers two main account types with varying minimum deposit requirements:
→ EXCO ECN Account: Requires a minimum deposit of $100.
→ EXCO STP Account: Requires a minimum deposit of $50.
These deposit levels are relatively low compared to the industry average, making it accessible for traders with different budgets.
6. Verification Requirements
To comply with international regulations, the broker requires traders to complete a Know Your Customer (KYC) process, which includes:
- Proof of Identity: Government-issued ID, passport, or driver’s license.
- Proof of Address: Utility bill or bank statement (not older than 3 months).
- Email and Phone Number Verification: Ensures account security.
7. Customer Support and Public Opinion
Exco Trader provides customer support via:
- Live Chat – Available 24/5.
- Email: support@excotrader.com
- Facebook: https://www.facebook.com/EXCOTRADERCOM
- Instagram: https://www.instagram.com/excotrader/
- LinkedIn: https://www.linkedin.com/company/exco-trader/
- Phone number: +447707334689, +234 912 698 8988
Exco has a 71/100 score on ScamAdviser which is an average score. This was calculated from over 40 reviews from Exco users.
But of course, you have to keep your eyes peeled when dealing with online platforms.
8. Conclusion
Exco Trader offers a solid trading experience with its MT4 platform, low spreads, and multiple asset classes.
Its low minimum deposit requirements make it accessible for newbies, while its high-leverage options cater to experienced traders.
However, the lack of regulation from a major financial body raises concerns for some traders.
If you’re considering using this broker, ensure you understand the risks involved.
Test the platform with a small deposit before committing significant funds.
Let me know in the comments what your experience is with Exco Trader.
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