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 is rated as very high risk. Testing and client reviews highlight serious concerns regarding service quality, stability, and overall reliability. I recommend approaching this broker with extreme caution, as it may not be suitable for most traders.
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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 FOREX.com, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
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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
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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, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Low minimum deposit
- No Swap Free account
- No Demo account
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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 /10
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FAQs
How secure is trading with Excellence Trade in terms of regulation and client protection?
Excellence Trade has a safety score of 1.5/10 and is described as a low security level broker, as it is not regulated and does not hold Tier-1 licenses. The broker does not provide negative balance protection, its foundation date is not specified, and KYC verification is not required, which may increase certain risks for clients compared with more tightly regulated firms.
What account type options are available at Excellence Trade and what limitations do they have?
According to the section, Excellence Trade offers a Standard account with balanced trading conditions and a low minimum deposit, although it is also stated that the broker does not provide a Standard account in the traditional sense, which may be confusing. The broker does not offer swap-free, demo, cent, micro, VIP, or managed accounts, so the range of account types is limited.
What do user reviews and feedback indicate about Excellence Trade’s overall reputation?
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, with relatively few higher-rated experiences reported.
What markets and tradable assets can clients access with Excellence Trade?
Excellence Trade offers a limited selection of instruments, supporting 120 currency pairs along with stocks, stock indices, commodity futures, options, bonds, and ETFs, while crypto trading is not available. The section notes that the overall asset range is smaller than the market average, although some passive investment options such as bonds are present.
How do traders describe Excellence Trade customer support in their feedback and comments?
Customer support at Excellence Trade is available, with response times described as moderate and varying depending on the complexity of the request. Based on user feedback implied in the section, the support service provides basic assistance but does not particularly stand out in terms of speed or overall quality.
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