ExcoTrader.com Review

2.515 • 5 REVIEWS
RSG Finance Ltd Formerly ExcoFinance.com
Updated: Apr 1, 2024
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ExcoTrader is a forex broker. Exco Trader offers the MT4 and MT4 Mobile forex trading top platform. ExcoTrader.com offers over 35 forex currency pairs, cfds, commodities, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
May-October 2022:  Multiple fake and highly suspicious positive reviews submitted for ExcoTrader.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $10
Established: Unknown
Address: Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent And Grenadines
Contact: support@excotrader.com, +447707334689
Regional offices:
Prohibited countries:
Trading platforms: MT4
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (35+)
Cryptocurrencies: (4) Bitcoin, Litecoin, Ethereum
CFD: (45+) Gold, Silver, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes

Managed Accounts & Social Trading

PAMM: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, DusuPay, Ether/Ethereum, Litecoin, Local Exchangers, Other Crypto Currencies, Payment Asia, Tether (USDT)
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, DusuPay, Ether/Ethereum, Litecoin, Local Exchangers, Other Crypto Currencies, Payment Asia, Tether (USDT)
* Please check broker website for more information
2.515 • 5 REVIEWS

Recent User Reviews of ExcoTrader.com

black laron
abuja, Nigeria,
Mar 11, 2024,
Registered user

Avoid Exco

Service use: Live Length of use: 0-3 Months
so i have had their account for awhile and decided to fund it with just 30$ to see how the platform works. first their spread is a lie, compared a trade on EURUSD with exco and my other broker. Exco was saying the spread was 5, but my other broker gave me 7 but my trade on the other broker was in profit while exco was struggling to make profit. when you take sniper positions their spread would make the trade position either enter late or not enter at all. its like your trades are being watched from the backend. then to the leverage, i got a 1:100 leverage i have sent messages asking for leverage review to at least 1:500, all fell on deaf ears, now all this back and forth. i lost 20$ outta 30$. exco is refusing my withdrawing what is left on my account on my other broker, i can withdraw as low as 1$ profit and it will be paid, but on exco they just want your money to be swiped by their system.

Abuja, Nigeria,
Oct 24, 2023,
Registered user

Service use: Live Length of use: over 1 Year
i will make it quick and simple, I thought Exco trader had the cheapest commission amongst other brokers I have used at $2, but later I got to notice I was calculating it wrongly, that is $2 per side, so a total of $4 per lot traded on the ECN account, despite the mixup in my calculation, I think it's still competitive after checking others. I'd keep trying them to find out other hidded bombs. Haha!
Calabar, Nigeria,
May 15, 2022,
Registered user

This brokerage firm is run criminals.

Service use: Live Length of use: 0-3 Months
When they want you to deposit they will call and call and romance you to deposit. When you want to withdraw that's when their fangs come out. They will not reply your message, they will busy your call, the account manager I was assigned to is a big witch. She insulted and bullied me on top my money. Worst is they will keep 5% of your deposit. You can never get back all your money. Please anyone in Nigeria should report them to CBN and EFCC. These people are criminals.
Lucy olor
Port Harcourt, Nigeria,
Apr 11, 2022,
Registered user

Fast and easy withdrawal.

Service use: Live Length of use: 3-6 Months
One thing I enjoy with ExcoTrader is their withdrawal process, I think for me it is the best I have ever experienced in Nigeria.
Weglobe Capital
Kano, Nigeria,
Mar 4, 2021,
Registered user

Terrible support when it comes to withdrawal

Service use: Live Length of use: 3-6 Months
Honestly recently i had a terrible experience with the, their staff are unprofessionals, when it comes to deposit they will keep in touch with you till you deposit to them, but when it comes to withdrawal that's when you sweat like hell, because their staff will not respond, when you text they won't text back when you call they won't pick up, you have to suffer before you get your own money from them, I'm strongly advise you to avoid this broker because they are not even regulated, meanwhile your fund are not safe with them.
Kaduna, Nigeria,
Dec 1, 2020,
Registered user

An irresponsible company with irresponsible staff

Service use: Live Length of use: 0-3 Months
Excofinance is a company that must be avoided at all cost. The website has no information about the regulatory licence the company has. The staff are not trained and generally lack manners of approach. If they are asked basic questions they result to insults and curses. I had a very terrible experience with them as such I advise you to avoid them in your own interest