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.
Excellence Trade covers the core account types, making it convenient for traders with different preferences and strategies.
- Standard account with balanced trading conditions
- Low minimum deposit
- No Demo account
- Micro lots are not available
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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
What does the low safety score say about Excellence Trade’s regulation and client risk level?
Excellence Trade has a safety score of 1.5/10 and is described as not regulated, with no Tier-1 regulation and no negative balance protection. The section notes that unregulated brokers may involve higher risks, including limited investor protection and no guarantee of withdrawals, and advises careful consideration of these factors before engaging with such firms.
What type of trading account does Excellence Trade provide and what key limitations are mentioned?
Excellence Trade offers a Standard account with a low minimum deposit and balanced trading conditions. However, it does not provide Cent, ECN/Raw spread, demo, micro, swap-free, VIP, or managed accounts, which may limit options for different trading needs and experience levels.
What do Excellence Trade user reviews and feedback reveal about client satisfaction?
Excellence Trade has a user satisfaction score of 4.6/10 based on 7 reviews, with no 5-star ratings and a relatively high share of 1- to 3-star ratings. According to user reviews, overall sentiment is mostly negative, suggesting that many clients report concerns or dissatisfaction in their feedback.
How do Excellence Trade clients describe deposits and withdrawals in their reviews and comments?
The deposit and withdrawal processes at Excellence Trade receive a safety score of 3.5/10 and are described as having limited payment options, primarily bank wire transfers. While there are advantages such as no deposit fee, a minimum deposit of $0, and a low minimum withdrawal requirement, the presence of withdrawal fees, lack of bank card options, and support for only USD and ILS as base currencies may reduce overall convenience.
How is Excellence Trade customer support evaluated in available feedback?
Customer support at Excellence Trade has a safety score of 5.3/10 and is characterized as functional but not exceptional. Response times during testing were moderate, with some queries handled efficiently and others requiring follow-ups, indicating that service quality may vary depending on the request.
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