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.
EXCO Trader Pros & Cons
- Choice of trading account types like STP and ECN.
- Broker offers favorable requirements for the first deposit amount which are $50 for STP and $100 for ECN.
- Market order execution, which is well-suited for virtually all trading strategies.
- Low commission per lot, only $2 per one side of a trade.
- Wide selection of payment systems for financial transactions.
- Award-winning educational courses and the opportunity for one-on-one training with an instructor.
- Lack of regulation and registration in an offshore region.
- High spreads on all account types, and inability to trade on cent accounts.
- Advanced education, VPS (Virtual Private Server), signal trading, and other options are only available to traders with large deposits and trading volumes.
TU Expert Verdict
EXCO Trader 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.
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EXCO Trader User Reviews
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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 criteria8 /10The trading and non-trading commissions of EXCO Trader have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is EXCO Trader 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 criteria4.2 /10EXCO Trader has a safety score of 4.2/10, 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.
- Is regulated
- Negative balance protection
- Track record over 8 years
- Not tier-1 regulated
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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.4.3 /10EXCO Trader offers the following account options: Demo, Standard, ECN/Raw spread, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Low minimum deposit
- Standard account with balanced trading conditions
- Exclusive VIP account with enhanced trading conditions
- No Swap Free account
- No Cent 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 methodology5.3 /10EXCO Trader received a Medium 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 criteria8.8 /10EXCO Trader provides a standard range of trading assets in line with the market average. The platform includes 1500 assets in total and 120 Forex currency pairs.
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Trading Account Opening
We successfully registered an account with EXCO Trader in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at EXCO Trader is $50.Score:We evaluated Trading Account Opening at EXCO Trader 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 EXCO Trader 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 criteria4.4 /10
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FAQs
How is EXCO Trader regulated and what does its safety score indicate?
EXCO Trader is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), which is classified as a Tier-3 regulator and does not provide a specific investor protection fund. The broker has a safety score of 4.2/10, indicating a low security level compared with brokers that have Tier-1 regulation, longer operating histories, and participation in investor compensation schemes. It offers negative balance protection and requires KYC verification, but the absence of Tier-1 regulation may be associated with higher regulatory risk.
What account types and trading conditions are available with EXCO Trader?
EXCO Trader offers Demo, Standard, ECN/Raw spread, VIP, STP, and ECN accounts, but does not provide Cent, Micro, Swap Free, or managed accounts. The STP account has no trading commission, spreads from 1 pip, and a minimum deposit of $50, while the ECN account has spreads from 0.5 pips, a $4 commission per full lot, and a $100 minimum deposit. The broker highlights the availability of both STP and ECN execution models as a way for traders to choose conditions that match their experience level and trading style.
What do user reviews and feedback say about EXCO Trader’s overall satisfaction level?
EXCO Trader has a user satisfaction score of 7/10 based on 2 reviews, with 50% of ratings at 4 stars and 50% at 3 stars, and no 5-star, 2-star, or 1-star ratings. This distribution suggests that user opinions are mixed rather than strongly positive or negative. According to user reviews, experiences appear moderate, without clear consensus on strong advantages or major issues.
What deposit and withdrawal methods does EXCO Trader support and what feedback is there on costs?
EXCO Trader supports deposits and withdrawals via bank cards, bank wire transfers, Bitcoin (BTC), USDT, and Ethereum, with no deposit or withdrawal fees charged by the broker itself. The broker does not support PayPal or Wise, and the review notes that the overall flexibility of funding options is limited, which can lead to higher costs. The minimum deposit is $50 and the minimum withdrawal is $40, although the section states these amounts may vary by account type and payment method.
How do traders describe the EXCO Trader account opening process in reviews and comments?
The review states that opening an account with EXCO Trader is fully online, with registration taking about 7 minutes and KYC verification typically completed within 1 business day. The minimum deposit is $50, and the process is described as accessible, though it may feel less convenient for beginners. The section does not provide direct user comments or detailed feedback on the onboarding experience beyond these general observations.
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