According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- Any amount
- Global EXtrade
- Extrade Pro
- OrderNet Spark
- OrderNet Pro
- FMR
- Israel Securities Authority
Our Evaluation of Excellence Trade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Excellence Trade is a broker with higher-than-average risk and the TU Overall Score of 3.91 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Excellence Trade clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Brief Look at Excellence Trade
Excellence Trade is a popular Israeli stock broker offering investment opportunities in a wide range of assets, including stocks, bonds, options, mutual funds, futures, and ETFs. Traders can utilize various platforms such as Global EXtrade,Extrade Pro, OrderNet Spark, OrderNet Pro, and FMR, each with unique features catering to both Israeli and international markets. Leverage is up to 1:4, and transaction fees begin at $5. Fees apply to deposits and withdrawals, as well as some other services. However, the ExPert personal investment service, which provides expert advice on trading strategies and recommendations, is complimentary for accounts with a balance of 300,000 shekels or more. The website also features extensive informational and analytical resources.
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Excellence Trade Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | Global EXtrade, Extrade Pro, OrderNet Spark, OrderNet Pro, FMR |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | USD, ILS |
💵 Deposit / Withdrawal: | Bank transfer |
🚀 Minimum deposit: | Any amount |
⚖️ Leverage: | 1:4 |
💼 PAMM-accounts: | No |
📈️ Min Order: | N/A |
💱 EUR/USD spread: | 5,0-7,0 pips |
🔧 Instruments: | Stocks, bonds, options, mutual funds, futures, ETFs |
💹 Margin Call / Stop Out: | N/A |
🏛 Liquidity provider: | N/A |
📱 Mobile trading: | Global EXtrade, Extrade Pro, OrderNet Pro, FMR |
➕ Affiliate program: | Yes |
📋 Order execution: | Market execution |
⭐ Trading features: | Access to Israeli and international markets, five platforms for both experienced and novice traders with various functionalities |
🎁 Contests and bonuses: | No. |
Excellence Investment House backs this broker. It is a member of the stock exchange and is regulated by the Israel Securities Authority, providing clients with comfortable trading conditions without restrictions on strategies and methods. Liquidity is high, and trades are executed without significant delays or slippage. Fees for trades are neither the lowest nor excessive. Other potential fees are listed on the website, ensuring Excellence Trade's transparency. Technical support is responsive and competent, available from 9:00 to 23:00 Monday through Thursday, 15:30 to 18:00 on Friday, and 9:00 to 16:00 on Sunday.
Excellence Trade Key Parameters Evaluation
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Regulation and safety
Excellence Trade has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Flexible trading conditions with high leverage and less bureaucracy
- Not tier-1 regulated
- Not regulated
- No negative balance protection
- Track record of less than 8 years
Excellence Trade Security Factors
Foundation date | - |
Negative balance protection | No |
Verification (KYC) | No |
Excellence Trade is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker Excellence Trade have been analyzed and rated as High with a fees score of 3/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Excellence Trade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Excellence Trade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Excellence Trade Standard spreads
Excellence Trade | Pepperstone | OANDA | |
EUR/USD min, pips | 5,0 | 0,5 | 0,1 |
EUR/USD max, pips | 7,0 | 1,5 | 0,5 |
GPB/USD min, pips | 0,4 | 0,1 | |
GPB/USD max, pips | 1,4 | 0,5 |
Does Excellence Trade support RAW/ECN accounts?
As we discovered, Excellence Trade does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Excellence Trade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Excellence Trade Non-Trading Fees
Excellence Trade | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0-5 | 0 | 0 |
Withdrawal fee, USD | 0-30 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Deposit and withdrawal
Excellence Trade received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Excellence Trade offers limited payment options and accessibility, which may impact its competitiveness.
- Minimum deposit below industry average
- Bank wire transfers available
- Low minimum withdrawal requirement
- No deposit fee
- Withdrawal fee applies
- BTC payments not accepted
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Excellence Trade deposit and withdrawal options?
Excellence Trade offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making Excellence Trade less competitive for those seeking diverse payment options.
Excellence Trade Deposit and Withdrawal Methods vs Competitors
Excellence Trade | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | No | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are Excellence Trade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Excellence Trade supports the following base account currencies:
What are Excellence Trade's minimum deposit and withdrawal amounts?
The minimum deposit on Excellence Trade is $0, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Excellence Trade’s support team.
Markets and tradable assets
Excellence Trade offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 120 Forex pairs.
- 120 supported currency pairs
- Passive income with bonds
- Commodity futures are available
- Crypto trading not available
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Excellence Trade with its competitors, making it easier for you to find the perfect fit.
Excellence Trade | Plus500 | Pepperstone | |
Currency pairs | 120 | 60 | 90 |
Total tradable assets | 2800 | 1200 | |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | No | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products Excellence Trade offers for beginner traders and investors who prefer not to engage in active trading.
Excellence Trade | Plus500 | Pepperstone | |
Bonds | Yes | No | No |
ETFs | Yes | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Contacts
Registration address | 25 Efal St., Petah-Tikva 4951125 |
---|---|
Regulation | Israel Securities Authority |
Official site | https://www.xnes.co.il/main/ |
Contacts |
03-7536514
|
Comparison of Excellence Trade with other Brokers
Excellence Trade | Eightcap | XM Group | RoboForex | Vantage Markets | Octa | |
Trading platform |
Global EXtrade, Extrade Pro, OrderNet Spark, OrderNet Pro, FMR | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, TradingView, ProTrader, Vantage App | MetaTrader4, MetaTrader5, OctaTrader |
Min deposit | No | $100 | $5 | $10 | $50 | $25 |
Leverage |
From 1:1 to 1:4 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:40 to 1:1000 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | 10.00% | No | No |
Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0.6 points |
Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 25% / 15% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | Yes | No | No |
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