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3.91/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum deposit:
  • Any amount
Trading platform:
  • Global EXtrade
  • Extrade Pro
  • OrderNet Spark
  • OrderNet Pro
  • FMR
Regulation:
  • Israel Securities Authority
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Our Evaluation of Excellence Trade

3.91/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Traders Union icon

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

User Satisfaction i

Score:
6.3/10

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boks
16 weeks ago

I recently opened an account with Excellence Trade. So far, my impressions are positive - the broker seems fairly reliable, with no nasty surprises. The manager periodically offers new services, but he does so without being intrusive, which is nice. The trading terminal works stably, I haven't noticed any major drops or technical failures. Depositing and withdrawing funds went smoothly. There are enough tools for trading, you can easily choose what suits your strategy. I've already managed to close my first trades on plus - a good start, I hope it will be as stable in the future.

J'ai récemment ouvert un compte chez Excellence Trade. Jusqu'à présent, mes impressions sont positives - le courtier semble assez fiable, sans mauvaises surprises. Le directeur propose périodiquement de nouveaux services, mais il le fait sans être intrusif, ce qui est agréable.
Le terminal de trading fonctionne de manière stable, je n'ai pas remarqué de baisse importante ou de défaillance technique. Le dépôt et le retrait de fonds se sont déroulés sans problème. Il y a suffisamment d'outils pour le trading, vous pouvez facilement choisir ce qui convient à votre stratégie. J'ai déjà réussi à clôturer mes premières transactions sur plus - un bon début, j'espère qu'il sera aussi stable à l'avenir.

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tuhinsm
19 weeks ago

My experience with excellence trade has been fairly neutral. In the many years I've been working in the financial markets, I've had time to try out a number of different companies, and I can say that this broker provides a fairly standard level of service. The trading platform is practical, with a clear interface - it's easy to understand even for those just starting out. I was particularly pleased with the availability of a wide range of tools and decent functionality for analysis - both technical and fundamental. Everything you need is at hand, nothing superfluous, and you can work comfortably. Overall, it's a stable option with no surprises, for better or worse.

Mon expérience avec excellence trade a été plutôt neutre. Depuis plusieurs années de travail sur les marchés financiers, j'ai eu le temps d'essayer différentes sociétés, et je peux dire que ce courtier fournit un niveau de service assez standard. La plateforme de trading est pratique, avec une interface claire - elle est facile à comprendre même pour ceux qui débutent.
J'ai été particulièrement satisfait de la disponibilité d'une large gamme d'outils et d'une fonctionnalité décente pour l'analyse - à la fois technique et fondamentale. Tout ce dont vous avez besoin est à portée de main, rien de superflu, et vous pouvez travailler confortablement. En général, il s'agit d'une option stable sans surprise, ni pour le meilleur ni pour le pire.

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narin
50 weeks ago

I consider Excellence Trade one of the best stock brokers in Israel. Sure, some might be put off by the relatively high trading fees. But trust me, as an experienced trader, it's worth it. The service is as precise as a Swiss watch. Transactions are quick and smooth. There are numerous and diverse financial instruments available. It's a pity the leverage is small, only up to 1:4, which limits potential gains. You see a potential trade you're confident in, but can't make much because of a small budget. I regularly read the analytics blog and recommend it to all traders, regardless of their level. Beginners will find the Knowledge Center very useful. As for switching brokers, I'm not considering it at the moment.

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Ravan
1 year ago

I joined Excellence about eight months ago on a good friend's advice. He mentioned its high quality and adequacy. I agree - it offers the stocks, bonds, and ETFs I need without restrictions, and allows scalping, hedging, and using advisors. The fees, like $6 for stocks, are reasonable. The partnership program is also attractive, scaling up with each referral. The first client you refer earns you 300 shekels, the second 450, and the third and subsequent ones 700 each. Bring as many as you can. After your referral registers and deposits, the money almost immediately appears in your account. A few downsides - the user account is not very user-friendly, and I had to figure out how to navigate it. Support is unavailable on Saturdays and not 24/7 on other days. However, the support team is competent and responds clearly and to the point.

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raharjaketut
1 year ago

The broker is good, but not perfect. there are no options for passive income, like PAMM accounts or copy trading. I value these options as they require minimal effort and can yield substantial profits if you choose the right manager or signal provider. Charging a monthly fee for using trading platforms, and a significant one, is within Excellence Trade's rights, but it has driven away many users. I stay because everything else is commendable. The platforms are likely worth the price, with professional versions offering significant and useful functionality. I trade profitably and, apart from the mentioned issues, am satisfied with the service.

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whiteshark
1 year ago

No other broker in Israel offers such a variety of assets - stocks, ETFs, futures, options, bonds, and funds, both local and international. I’ve built a strong, high-quality portfolio, giving me confidence that significant losses are unlikely and overall profits will be good. I chose the Extrade Pro trading system, which provides comfortable and secure 24/7 access to the world's leading stock exchanges. Overall, the platform demonstrates reliability with regulation by the Securities Authority and modern methods of fund and data storage. Excellence’s level is clearly above the market average. If the company could improve a few aspects such as increasing leverage to at least 1:30 and introducing passive income options, it could challenge many top brokers.

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R-Diana
1 year ago

I was specifically looking for a broker with quality education, and Excellence fits that description. They offer a vast collection of educational articles on various aspects of trading and recordings of conferences. Additionally, their analysis is strong and up-to-date. I would love individual consultations, but they are part of a comprehensive service that includes portfolio management and more, free for accounts with at least 300,000 shekels. Unfortunately, I can only dream of such a trading capital for now. There’s no demo account, so I had to apply what I learned directly in real trading with small amounts. So far, things are going well. I definitely plan to continue working with them, and I’ll update my review if I have more to add later.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
1.5/10

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.

Advantages
  • Flexible trading conditions with high leverage and less bureaucracy
Disadvantages
  • 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

Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
3/10

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.

Advantages
  • No inactivity fee
  • No deposit fee
Disadvantages
  • 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
Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
2.5/10

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.

Advantages
  • Minimum deposit below industry average
  • Bank wire transfers available
  • Low minimum withdrawal requirement
  • No deposit fee
Disadvantages
  • 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.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.75/10

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.

Advantages
  • 120 supported currency pairs
  • Passive income with bonds
  • Commodity futures are available
Disadvantages
  • 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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