Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Excellence Trade Pros & Cons
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.
TU Expert Verdict
Excellence Trade carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Brokers Traders Prefer
Excellence Trade User Reviews
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5-star
0%
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4-star
14%
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3-star
29%
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2-star
29%
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1-star
29%
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Commissions and Fees
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 criteria3 /10The trading and non-trading commissions of Excellence Trade have been analyzed and rated as having High fees, with a fees score of 3/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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 OANDA IG Markets EUR/USD min, pips 5.0 0.1 0.6 EUR/USD max, pips 7.0 0.5 1.2 GPB/USD min, pips 0.1 0.6 GPB/USD max, pips 0.5 1.5 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 OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-5 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0-30 0-15 0 Inactivity fee ($, per month) 0 0 0 -
Is Excellence Trade Safe?
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 criteria1.5 /10Excellence 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 NoVerification (KYC) NoExcellence 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.
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.0 /10Excellence Trade offers the following account options: Standard.
However, Excellence Trade does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.
- Standard account with balanced trading conditions
- Low minimum deposit
- No Swap Free account
- No VIP account option
Excellence Trade account types vs top competitors Excellence Trade Plus500 OANDA Standard YesYesYesECN/Raw spread NoNoYesDemo NoYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNo -
Deposit and Withdrawal
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 methodology3.5 /10Excellence 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.
- Bank wire transfers available
- No deposit fee
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- BTC not available as a base account currency
- Only major base currencies available
- Wise not supported
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 OANDA Bank Wire YesYesYesBank card NoYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are Excellence Trade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Excellence Trade supports the following base account currencies: USD, ILS.
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.
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Markets and Tradable Assets
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. Learn the assessment criteria6.8 /10Excellence Trade offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 120 Forex pairs.
- Commodity futures are available
- Indices trading
- Passive income with bonds
- 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 OANDA Currency pairs 120 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions YesYesNoInvestment 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 OANDA Bonds YesNoYesETFs YesYesNoCopy trading NoNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Excellence Trade by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with Excellence Trade in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Excellence Trade is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Quick KYC verification (1 business day or less)
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
Excellence Trade account opening Excellence Trade Plus500 OANDA Online Registration YesYesYesMinimum deposit $0 $100 $0 Mandatory KYC NoYesYesRegistration time (min) 8 10 KYC time (days) 1 3 3 Is Excellence Trade available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
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Customer Support
Score:We evaluated Customer Support at Excellence Trade by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.3 /10Customer support at Excellence Trade is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Excellence Trade provides basic support functionality but does not stand out in overall service performance.
Contacts Registration address 25 Efal St., Petah-Tikva 4951125 Regulation Israel Securities Authority Official site https://www.xnes.co.il/main/ Contacts excellence@xnes-trade.co.il 03-7536514
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FAQs
How are Excellence Trade’s trading commissions and non-trading fees structured?
Excellence Trade is assessed as having high overall fees, with a fees score of 3/10 and above-average Forex trading costs. Its Standard account EUR/USD spread typically ranges between 5.0 and 7.0 pips, and while there are no deposit or inactivity fees, withdrawals may incur fees from 0–5% or $0–30 depending on the method.
What account types does Excellence Trade offer and what limitations are noted in reviews and feedback?
Excellence Trade provides a single Standard account type with a low minimum deposit and what are described as balanced trading conditions. However, it does not offer ECN/Raw spread, Demo, Cent, Micro, Swap-free, VIP, or managed accounts, which may limit flexibility for different trading and practice needs.
What do Excellence Trade user reviews and feedback indicate about overall client satisfaction?
Excellence Trade has a user satisfaction score of 4.6/10 based on 7 reviews, with no 5-star ratings and a distribution skewed toward 2- and 1-star scores. According to user reviews, overall sentiment is mostly negative, suggesting that many clients report concerns or dissatisfaction in their feedback.
What markets and tradable assets are available with Excellence Trade according to user feedback and reviews?
Excellence Trade offers 120 currency pairs and access to stocks, commodity futures, stock indices, options, bonds, and ETFs, but does not support crypto trading. The review notes that the overall asset selection is limited compared to the market average, and copy trading, PAMM investing, and managed accounts are not available.
How does the trading account opening process work at Excellence Trade?
Opening an account with Excellence Trade involves online registration, which took 8 minutes in the review, and KYC verification that was completed within 1 business day. The minimum deposit is $0 and KYC is not marked as mandatory in the comparison table, although the process may feel less convenient for beginners.
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