✔️ Information reviewed and updated in October 2024 by Eduardo López
IS EXCO RELIABLE? OPINIONS
In this post I will be reviewing EXCO. (with website excotrader.com) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.
I will explain to you why I believe that EXCO is an UNSAFE company AND I CONSIDER IT UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!
ℹ️ BROKER DATA:
Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.
Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.
Information | About the company |
---|---|
(I.e. Company | RSG Finance Ltd. |
???? Address | St. Vincent and the Grenadines. |
📄 Attend the event | Not mentioned |
🛡️ Regulapain | Not mentioned |
️ ️ Telephone number | United Kingdom +44 77 0733 4689 | Philippines +63 917 909 1491 +63 946 410 2530 | Nigeria +234 91 26 988 988 | South Africa +27 87 183 2484 |
[email protected] | |
🌐 Website | excotrader.com |
???? Live Chat | Yes |
💳 Payment methods | Credit card, cryptocurrencies |
❓ Company type | broker of Forex, Cryptocurrencies and CFDs. |
📞 LIST OF PHONE NUMBERS:
United Kingdom +44 77 0733 4689 | Philippines +63 917 909 1491 +63 946 410 2530 | Nigeria +234 91 26 988 988 | South Africa +27 87 183 2484
💰 DEPOSITS AND ACCOUNTS:
Here is a brief analysis of the types of plans that EXCO offers; they are divided into 2 plans. Here is a table with a little more information about the minimum deposits by type of plan.
TYPE OF PLANS | MINIMUM INITIAL DEPOSIT |
---|---|
EXCO ECN | $10 |
EXCO STP | $10 |
🌐 WEBSITE – WEBSITE:
Below you will see the company's website and a small analysis about the website:
- Age of the website: the domain “excotrader.com” was recorded on
November 26, 2020. That is, it is a website that is not very old. 🚩🚩 - Here choose one of the options: The website mentions which company it belongs to, but I have not been able to find “RSG Finance Ltd” in company records. I think it may be a fake company.
- As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company.
⭐ EXCO REVIEW:
After having carried out an analysis of the company, I have come to the following conclusions:
1) Location: The company is located in an unsafe place such as St. Vincent and the Grenadines.
2) Regulation: The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.
3) Domain registration: the company “excotrader.com” was registered on November 26, 2020
4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.
“To be honest with you, I would not invest in this type of company that is not regulated.
He mentions belonging to “ RSG Finance Ltd.“which appears to be a fake company. I honestly cannot recommend such a company.”
💬 WHAT TO THINK ABOUT A COMPANY LIKE EXCO?:
EXCO is a broker offering services in the Forex, Cryptocurrency and CFD markets. The company mentions that it is part of RSG Finance Ltd., and claims to be based in Saint Vincent and the Grenadines, a common location for brokers looking to operate with less stringent regulations. Although it offers access to various financial instruments, it is important to note that being located in this jurisdiction may raise concerns about security and compliance with more stringent regulations.
In terms of regulation, EXCO does not mention being regulated by any reputable financial body. This means that investors could face additional risks, as a lack of regulation means less protection in case of conflicts or financial problems. Furthermore, the true location of its offices remains unknown, adding a layer of uncertainty over the broker’s transparency and credibility.
EXCO offers two main account types for its users: the EXCO ECN account and the EXCO STP account. The ECN account has a minimum deposit of $10, with a leverage of 1:500, commissions of $2 per trade, and spreads from 0,5 pips. The STP account, on the other hand, also requires a minimum deposit of $10, with the same leverage of 1:500, but with no commissions and spreads of 1 pip. While these conditions may seem attractive to traders, it is crucial to take into account the company’s lack of regulation and limited transparency before making a decision.
📣 LATEST UPDATES:
We do not have any new updates at the moment.
✔️ CLAIM MONEY FROM EXCO:
If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.
We work with a capital recovery service. here you can recover your capital.
In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.
If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.
🚨 REPORT TO EXCO:
If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:
🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch
🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch
🇨🇱 Chile: the financial regulator is CFM, here you can get in touch
🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch
🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch
🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch
🇺🇸 United States: the financial regulator is FINRA, here you can get in touch
🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch
🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch
🇵🇪 Peru: the financial regulator is SBS, here you can get in touch
If your country is not on the list, leave a comment and I will gladly help you!
❓ FAQS – FREQUENTLY ASKED QUESTIONS:
EXCO is an investment company in Forex, Cryptocurrencies and CFDs
In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.
EXCO It is a company that I consider NOT RELIABLE. It has characteristics that make it a very unsafe company: be very careful.
If you have lost your money or been scammed, I recommend you try the capital recovery service.
If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.
They are not reliable at all, do not be fooled because you will lose everything.
Hello Scammed, this broker called EXCO is a SCAM, many investors have denounced EXCO for fraudulent activities, it is not advisable to invest money in an UNREGULATED broker. It's a SCAM and does not return money to its customers.
ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE!.
If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes don't existThey ask for it so they can steal more money from you.
We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back, we are on your side
Greetings.