Exco Limited Review

About Exco Limited

Exco Limited (operating via domains such as excotrades.com and excotrader.com) offers trading in instruments such as indices, commodities, and cryptocurrencies via the MetaTrader 4 platform with leverage up to 1:500. It provides multiple account types (e.g., ECN, STP, Basic, Pro, VIP) with minimum deposits reportedly ranging from USD 50 to USD 1 500, spreads starting from 0.5 pips, and a commission structure including USD 2 per side for ECN accounts; demo accounts are offered as well. ()

Exco Limited holds no valid regulatory license from recognized financial authorities. Claims of registration in Saint Vincent and the Grenadines relate solely to International Business Company (IBC) status—not forex regulation—and are marked as “Cancellation Pending” in official registry checks. Regulators do not authorize the firm to provide financial services. ()

In view of its unregulated status, several watchdog sources have flagged Exco as high risk or a scam. WikiFX warns that no forex trading license was found and advises caution. BrokersView and related platforms label the broker’s operation as “scam” and emphasize the lack of investor protection. ()

Pros and cons

Pros

• Demo account availability
• Variety of account tiers (e.g., ECN, STP, Pro, VIP)
• Support for major asset classes including indices, commodities, cryptocurrencies

Cons

• No regulation or oversight by recognized financial authorities
• Potential legal and financial risk due to offshore IBC status
• Regulatory registries indicate “cancellation” of purported licensure
• Classified as “scam” or “high potential risk” by multiple independent reviewers