About Excalitrade
Company Overview
Excalitrade is a financial firm registered in Estonia, with a registered address at 5 Tornimäe, Tallinn. The company was established on February 28, 2023, making it a relatively young entity in the financial services space.
Based on publicly available registration records, Excalitrade does not hold a regulatory licence from any known financial authority. This absence of regulatory oversight is a significant factor for potential clients to consider.
Regulatory Status
Our review has found no evidence of Excalitrade being authorised or regulated by any financial supervisory body. The firm's registration in Estonia, a country with established financial regulations, does not automatically imply that it is supervised by the Estonian Financial Supervision Authority (EFSA) or any equivalent body.
Without a verifiable regulatory licence, traders do not have access to typical investor protection schemes, such as compensation funds or dispute resolution mechanisms, which regulated brokers are required to offer.
Risk Considerations
FXCanary's internal risk assessment has assigned Excalitrade a Scam Risk Score of 52 out of 100, placing it in the 'Elevated' risk category. This score reflects the combination of the broker's unregulated status and its short operational history.
Prospective users should exercise caution and conduct thorough due diligence before engaging with this entity. The lack of independent user reviews and verified information online further complicates the ability to assess the broker's reliability and service quality.
Overview compiled by FXCanary from regulatory records and public data. full Excalitrade review