Exco

Exco is a retail forex and CFD broker registered in Hong Kong, operating under the company Exco Global Limited. Founded on 12 October 2020, the broker is based at Hong Kong Tower on Hennessy Road in Wan Chai. As of our review, Exco does not hold any financial regulatory licence from a recognised authority, which places it in a higher-risk category for traders seeking oversight.

Exco provides three account types tailored to different deposit levels. The Standard account requires a minimum deposit of $100 and offers leverage up to 1:500. The Premium account steps up to a $10,000 minimum, while the Platinum account demands $25,000. All accounts share the same maximum leverage ratio, but higher tiers likely include additional features such as dedicated support or tighter spreads, though the broker does not specify these details on its homepage.

The broker offers leverage up to 1:500 across all account types, which is considered high risk for retail traders. Information about available trading instruments (such as forex pairs, indices, commodities, or cryptocurrencies) is not provided on the main website, leaving prospective clients without a clear picture of the product range. Similarly, details on spreads, commissions, and execution models are absent from the public-facing pages.

Exco's website is available at excotrades.com and includes a member area at member.excotrades.com for account management and trading. The site offers demo accounts for practice trading and a registration portal for opening live accounts. The platform itself is not named, but the presence of a demo feature suggests a typical web-based or downloadable trading platform.

With account minimums ranging from $100 to $25,000, Exco aims to attract both retail traders and those with larger capital. The high maximum leverage may appeal to aggressive speculators, but the absence of regulatory oversight and limited disclosure of trading conditions makes it unsuitable for risk-averse investors or those requiring a regulated environment.

Exco is not currently regulated by any financial authority. While the company is registered in Hong Kong, Hong Kong's Securities and Futures Commission (SFC) does not appear to oversee its activities. This lack of regulation means traders have no recourse through a regulatory ombudsman, and the broker is not subject to capital adequacy or client fund segregation requirements.

Independent data sources assign Exco a FXCanary Scam Risk Score of 48 out of 100, reflecting a 'Guarded' risk level. This score is primarily driven by the absence of a verifiable licence and limited public information. Traders should treat this broker with caution, conduct thorough due diligence, and consider only risking capital they can afford to lose.