EXCO Trader Review 2026

Logo EXCO Trader
Top Brokers Overview — United States
How we tested EXCO Trader

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.

EXCO is a young brokerage company, registered in 2018 in Saint Vincent and the Grenadines. It provides access to the currency market and CFD trading through the most popular Forex platform, MetaTrader 4. EXCO offers a proprietary social trading platform and investment services for passive income. It also allows copy trading from the MQL website and the use of basic and advanced expert advisors. The company has won international awards, including for the best educational courses and brokerage services for traders from Africa.

TU Expert Verdict

Chief Analytics Officer

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.

EXCO Trader provides access to trading Forex and CFDs using MetaTrader 4, along with a proprietary social trading platform and copy trading features. The broker supports Standard, ECN, and VIP accounts, allowing market order execution, and offers a minimum deposit as low as $50. Spreads and commissions are competitive for ECN accounts, with commissions from $4 per lot and average EUR/USD spreads as low as 0.10 pips during active market hours. EXCO Trader supports deposits and withdrawals via cards, bank wire, USDT, BTC, and Ethereum, and the registration process is quick and fully online.

However, a notable drawback is the lack of strong regulation, as EXCO Trader is only registered in Saint Vincent and the Grenadines, which does not provide Tier-1 oversight or an investor compensation fund. Other disadvantages include the unavailability of cent accounts and micro lots, limited analytical and investment features for smaller deposits, and inconsistent customer support quality. EXCO Trader may not be suitable for beginners or those seeking higher regulatory protection but can be considered by experienced traders comfortable with higher risk and independent decision-making.

Top-5 Brokers Traders Prefer

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

EXCO Trader User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
7 /10
2 total
  • 5-star
    0%
  • 4-star
    50%
  • 3-star
    50%
  • 2-star
    0%
  • 1-star
    0%
Kinglew89
2 years ago

I'm satisfied with the range of assets. You can't trade CFDs on stocks with EXCO, but I invest in indices, which is even safer and, as it turns out, more profitable. Overall, I'm pleased with the quality of this broker's services.

edwardrobert123456
2 years ago

I'm particularly interested in the option to invest in ready-made strategies. I'm currently testing how this option works in practice. I invested $50 in 3 strategies with different risk levels and am waiting to see what happens next.

  • 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 criteria
    8 /10

    The 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

    Trading Fees and Spread

    Below, we evaluated and compared the trading commissions of EXCO Trader 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, EXCO Trader’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.

    EXCO Trader Standard spreads
    EXCO Trader OANDA FOREX.com
    EUR/USD min, pips 0.2 0.1 0.7
    EUR/USD max, pips 0.4 0.5 1.2
    GPB/USD min, pips 0.5 0.1 0.9
    GPB/USD max, pips 0.7 0.5 1.4

    RAW/ECN Account Commission And Spread

    The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

    EXCO Trader RAW/ECN spreads
    EXCO Trader OANDA FOREX.com
    Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.50 3.5 5
    EUR/USD avg spread 0.10 0.15 0.2
    GBP/USD avg spread 0.15 0.2 0.4

    Non-Trading Fees

    We conducted a detailed analysis of the non-trading fees associated with EXCO Trader. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

    EXCO Trader Non-Trading Fees
    EXCO Trader OANDA FOREX.com
    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 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0
    Inactivity fee ($, per month) 0 0 15
  • 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 criteria
    4.2 /10

    EXCO 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
    EXCO Trader Regulators and Investor Protection
    SVG FSASVG FSA Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3
    EXCO Trader Security Factors
    Foundation date 2018
    Negative balance protection
    Yes
    Verification (KYC)
    Yes
  • 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 /10

    EXCO 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.

    • Demo account
    • Exclusive VIP account with enhanced trading conditions
    • Low minimum deposit
    • No Cent account
    • No Swap Free account
    EXCO Trader account types vs top competitors
    EXCO Trader Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    No
    No
    No
    VIP
    Yes
    No
    No
    Managed
    No
    No
    No

    EXCO Trader accounts trading conditions

    If a trader decides to start trading through EXCO, they need to open a suitable account type. There are two options available – ECN and STP. ECN is more suitable for experienced traders with a significant trading volume, while STP is for beginners and market participants who are not yet professionals in online trading.

    Account types:

    Account Type Description
    STP is the account without trading commission and with spreads starting from 1 pips. The minimum deposit size is $50.
    ECN is the professional account type with spreads starting from 0.5 pips and a commission of $4 per full lot. To start trading on an ECN account, the balance needs to be topped up with a minimum of $100.

    The broker also offers demo accounts. These can be used for both learning to trade and testing the trading conditions of EXCO.

    The presence of two execution models (STP and ECN) is an advantage for EXCO traders since they can choose the most efficient technology for their trading style.

  • 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 methodology
    5.3 /10

    EXCO Trader received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

    EXCO Trader provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

    • No withdrawal fee
    • Bank wire transfers available
    • Low minimum withdrawal requirement
    • Bitcoin (BTC) accepted
    • BTC not available as a base account currency
    • Wise not supported
    • PayPal not supported

    What are EXCO Trader deposit and withdrawal options?

    EXCO Trader provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.

    EXCO Trader Deposit and Withdrawal Methods vs Competitors
    EXCO Trader Trading.com Plus500
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    No
    No
    No
    BTC
    Yes
    No
    No

    What are EXCO Trader base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. EXCO Trader supports the following base account currencies: USD.

    What are EXCO Trader's minimum deposit and withdrawal amounts?

    The minimum deposit on EXCO Trader is $50, while the minimum withdrawal amount is $40. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact EXCO Trader’s support team.

  • 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 criteria
    8.8 /10

    EXCO 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.

    • Crypto trading
    • Copy trading platform
    • Indices trading
    • Futures not available
    • No ETFs

    Supported markets vs top competitors

    We have compared the range of assets and markets supported by EXCO Trader with its competitors, making it easier for you to find the perfect fit.

    EXCO Trader Trading.com Plus500
    Currency pairs 120 69 60
    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. 1500 69 2800
    Stocks
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto 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.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    No
    No
    Yes

    Investment options

    We also explored the trading assets and products EXCO Trader offers for beginner traders and investors who prefer not to engage in active trading.

    EXCO Trader Trading.com Plus500
    Bonds
    Yes
    No
    No
    ETFs
    No
    No
    Yes
    Copy trading
    Yes
    No
    No
    PAMM investing
    Yes
    No
    No
    Managed accounts
    No
    No
    No
  • Trading Account Opening

    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 /10

    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. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Low minimum deposit requirement
    • Fast registration time (up to 15 minutes)
    • Fully online account opening process
    • Account setup process may feel less convenient for beginners
    EXCO Trader account opening
    EXCO Trader Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $50 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 7 20
    KYC time (days) 1 2 3

    Is EXCO Trader 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.

    Account opening details

    Brief guide on how to create a user account on the EXCO broker's website and its key functions and features:

    • At the top of any page, locate and click on the "Open Account" button. This will initiate the registration process.

    • Choose the form for opening a real account and fill it out. The required information is minimal: name, surname, email address, phone number, and country of residence. You also need to select the account type – STP or ECN. After clicking "Sign Up," you will receive an email with the login password for your user account. In addition to the password, for authorization, you need to enter the email or account number (also indicated in the welcome email from EXCO).

    • EXCO’s user account features allow you to:

      • Deposit funds into the account wallet.
      • Connecting to a trading strategy to generate investment income..

    Your EXCO user account also allows you to:

    • Submit applications to open additional trading or investment accounts.
    • Confirm identity and country of residence according to the KYC (Know Your Client) procedure.
    • Submit withdrawal requests for trading and investment activities.
    • Purchase trading bots and advanced indicators from the store.
    • Review statistics on all open and closed orders, and financial transactions.
    • Download trading software for your computer or laptop.
  • 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 criteria
    4.4 /10

    The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.

    In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.

    Information

    You can reach out to an EXCO representative any day of the week as the company operates 24/7.

    • The service is available 24/7
    • There are prompt responses in the website chat and on Facebook
    • The support doesn’t always have a specific answer to the given question
    • Facebook account linkage is required for website chat communication

    To contact the company, use the following communication methods:

    • Online chat on the website
    • Facebook Messenger
    • Email through the feedback form
    • Phone calls using the numbers provided in the About Us section
    • Sending an email to support@excotrader.com

    Phone numbers for the U.K., Nigeria, South Africa, and the Philippines are listed on the website.

    Contacts
    Foundation date 2018
    Registration address RSG Finance Ltd, Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines
    Regulation FSA
    Official site https://excotrader.com/
    Contacts support@excotrader.com +234 912 698 8988

Best EXCO Trader Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips

FAQs

How does EXCO Trader’s regulation and safety score reflect on its overall security level?

EXCO Trader has a safety score of 4.2/10, which corresponds to a low security level in the review. It is regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), a Tier-3 regulator, and offers negative balance protection and mandatory KYC, but it is not Tier-1 regulated and there is no specific investor compensation fund mentioned.

What do reviews say about EXCO Trader’s trading commissions and non-trading fees?

The review rates EXCO Trader’s overall fee level as low, with a commissions and fees score of 8/10. It highlights tight EUR/USD spreads on Standard accounts (typically 0.2–0.4 pips), ECN commissions of $3.50 per lot with low average spreads, and notes that there are no inactivity, deposit, or withdrawal fees according to the analyzed data.

What account types and trading conditions are available with EXCO Trader beyond the basic overview?

The review states that EXCO Trader offers Demo, Standard, ECN/Raw spread, and VIP accounts, but does not provide Cent, Micro, Swap Free, or managed accounts. It describes STP accounts with no trading commission and spreads from 1 pip with a $50 minimum deposit, and ECN accounts with spreads from 0.5 pips, a $4 commission per lot, and a $100 minimum deposit.

How is the EXCO Trader account opening process described in the review and related feedback?

The review notes that account registration with EXCO Trader took 7 minutes and KYC verification was completed within 1 business day, with a minimum deposit of $50. It describes an online process where users choose STP or ECN, receive login details by email, and can then manage deposits, withdrawals, additional accounts, KYC, and trading tools from the user account, although the setup may feel less convenient for some beginners.

What feedback is provided about EXCO Trader customer support responsiveness and contact options?

The review indicates that EXCO Trader’s customer support operates 24/7 and can be reached via website chat, Facebook Messenger, email (including support@excotrader.com), and phone numbers for several countries, but response quality and depth were below expectations in testing. It also notes that replies can be delayed, some answers lack specificity, and linking a Facebook account is required to use the website chat.

Articles that may help you

Editorial Team

Top 5 companies for you
United States
United States
  • Afghanistan Afghanistan
  • Albania Albania
  • Algeria Algeria
  • Angola Angola
  • Argentina Argentina
  • Armenia Armenia
  • Australia Australia
  • Austria Austria
  • Azerbaijan Azerbaijan
  • Bahamas Bahamas
  • Bahrain Bahrain
  • Bangladesh Bangladesh
  • Belarus Belarus
  • Belgium Belgium
  • Bolivia Bolivia
  • Botswana Botswana
  • Brazil Brazil
  • Brunei Brunei
  • Bulgaria Bulgaria
  • Cambodia Cambodia
  • Cameroon Cameroon
  • Canada Canada
  • Chile Chile
  • China China
  • Colombia Colombia
  • Congo Congo
  • Costa Rica Costa Rica
  • Cote d'Ivoire Cote d'Ivoire
  • Croatia Croatia
  • Cuba Cuba
  • Cyprus Cyprus
  • Czechia Czechia
  • DR Congo DR Congo
  • Denmark Denmark
  • Dominican Republic Dominican Republic
  • Ecuador Ecuador
  • Egypt Egypt
  • El Salvador El Salvador
  • Estonia Estonia
  • Eswatini Eswatini
  • Ethiopia Ethiopia
  • Finland Finland
  • France France
  • Georgia Georgia
  • Germany Germany
  • Ghana Ghana
  • Greece Greece
  • Haiti Haiti
  • Hong Kong Hong Kong
  • Hungary Hungary
  • India India
  • Indonesia Indonesia
  • Iran, Islamic republic Iran, Islamic republic
  • Iraq Iraq
  • Ireland Ireland
  • Israel Israel
  • Italy Italy
  • Jamaica Jamaica
  • Japan Japan
  • Jordan Jordan
  • Kazakhstan Kazakhstan
  • Kenya Kenya
  • Korea Korea
  • Kuwait Kuwait
  • Kyrgyzstan Kyrgyzstan
  • Laos Laos
  • Latvia Latvia
  • Lebanon Lebanon
  • Lesotho Lesotho
  • Libya Libya
  • Lithuania Lithuania
  • Luxembourg Luxembourg
  • Madagascar Madagascar
  • Malaysia Malaysia
  • Malta Malta
  • Mauritius Mauritius
  • Mexico Mexico
  • Moldova Moldova
  • Mongolia Mongolia
  • Montenegro Montenegro
  • Morocco Morocco
  • Mozambique Mozambique
  • Myanmar Myanmar
  • Namibia Namibia
  • Nepal Nepal
  • Netherlands Netherlands
  • New Zealand New Zealand
  • Nigeria Nigeria
  • North Macedonia North Macedonia
  • Norway Norway
  • Oman Oman
  • Pakistan Pakistan
  • Palestine Palestine
  • Panama Panama
  • Papua New Guinea Papua New Guinea
  • Paraguay Paraguay
  • Peru Peru
  • Philippines Philippines
  • Poland Poland
  • Portugal Portugal
  • Puerto Rico Puerto Rico
  • Qatar Qatar
  • Reunion Reunion
  • Romania Romania
  • Rwanda Rwanda
  • Saudi Arabia Saudi Arabia
  • Serbia Serbia
  • Singapore Singapore
  • Slovakia Slovakia
  • Slovenia Slovenia
  • Somalia Somalia
  • South Africa South Africa
  • Spain Spain
  • Sri Lanka Sri Lanka
  • Sweden Sweden
  • Switzerland Switzerland
  • Syria Syria
  • Taiwan Taiwan
  • Tajikistan Tajikistan
  • Tanzania Tanzania
  • Thailand Thailand
  • Trinidad and Tobago Trinidad and Tobago
  • Tunisia Tunisia
  • Turkey Turkey
  • UAE UAE
  • Uganda Uganda
  • Ukraine Ukraine
  • United Kingdom United Kingdom
  • United States United States
  • Uruguay Uruguay
  • Uzbekistan Uzbekistan
  • Venezuela Venezuela
  • Vietnam Vietnam
  • Yemen Yemen
  • Zambia Zambia
  • Zimbabwe Zimbabwe
  • Forex
  • Crypto
Table of Contents