Exco Trade is a company that claims it promises quick riches to forex traders. The platform states that investors can generate $10,000 overnight. Such red flags only show this is a scam venture. You will not transform your life if you choose to invest with this scan.
The platform is urging investors not to hesitate and sign up immediately. The only thing that this company is good at is making losses. The firm is offering various products like EFTs, Stocks, and other products.
Exco Trade brags that it has the best trading tools. It will contribute to better trading activities for their clients. Additionally, the venture claims to have won several awards as the leading online venture and the best trading firm.
All this information is meant to win the trust of investors. However, the entity does not care about their clients. They are targeting all forms of traders, but we suspect their focus is novice investors. The firm only showers itself with praises but shows no proof.
Invest with reputable forex trading companies. You will never go wrong with these entities. Furthermore, the firms have been verified to be trustworthy. The safety of your money should be your primary target.
Exco Trade brags that it has a wide variety of assets that will help investors build their portfolio. Unfortunately, this tactical scam will steal all your money. The company claims that it has dedicated account managers who are dedicated to offering the best services.
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The company is also offering an educational course for the newbies. We cannot determine the quality of information that the entity is availing. Additionally, it is too hard to tell if the training is worth the money.
Exco Trade states that it will help investors’ to familiarize themselves with various trading strategies. Hence, boosting your trading activity to the next step. The venture will predict the next price movement. Therefore, clients will have a positive outcome.
It is hard to believe the word of a scammer. The entity is also providing video tutorials for their customers. The firm does not get into details of the services that they are availing. Their website only has data that dos do not win our trust.
Exco Trade is an offshore investment company. The venture is offering high leverage to their clients of 1:1000. They only have two trading accounts for their clients. The venture is offering a spread of 1.2 on the EURUSD currency pair.
Exco Trade Trading Conditions
The entity is accepting funds as low as $100. The company is also managing traders’ accounts. It is unwise to trust such a venture with your money. This is because they will trade only to their favor.
The company claims that it has an Algo trading software. Investors can also follow the trade of expert trades. Sadly, neither of these two methods is verified. The entity is working as a market maker, and its reputation is in question. They will lose trade so that they can gain.
The company is promising investors a way to become rich within a short timeline. However, they do not provide trading results. Hence, their claims cannot be verified.
Exco Trade states that it is offering clients the MT4 platform. However, the link is broken, and we believe this is another attempt to win over victims. The venture is a dirty scam that does not reveal their trading conditions.
Excotrades.com Withdrawal and Deposits
Exco Trade has a very hefty measure for its clients. The entity states that in case of inactivity for six months, traders will lose all their funds. The period is short compared to what legit companies’ targets.
The entity states that it accepts funds via digital currency, Wire Transfers, MasterCard, and Visa. The entity has all the features that are common with Ponzi schemes. However, we came to realize that Exco Trade is only accepting crypto payment.
You will never recover your tokens once you cash in because the assets ensure anonymity is observed. The wallet where your cash goes to will not be known. The platform is accepting funds from $500, which is double the standard market price.
It is an extortion of funds that is unacceptable. The least amount of funds that you can cash out is 40. Investors have the right to withdraw as little as $5 if they wish. Exco Trade is also charging a fee of 5% up to 10% upon withdrawal.
The company has an outrageous requirement, one that we disapprove of. Additionally, the entity does not have terms and conditions. It means that they can change their rules whenever it suits them. Avoid this self-centered investment firm that is only looking after themselves.
Exco Trade is a company that is being monitored by RSG Financial Limited. The corporate is linked to various scam activities in the industry. It is also based in St Vincent and the Grenadines.
The government does not regulate forex trading activities. Therefore, investing in such a company is a dangerous move. The government is monitoring the platform because they are an illegal entity. Exco Trade is not complying with any law.
Trusting such a venture will only lead to devastating experience. Trade only with the licensed venture because you will earn a decent return. Exco Trade will exit the market without compensating their clients. Additionally, the suspicious venture does not segregate clients’ funds.
The company claims to have offices in multiple countries. However, the venture is not regulated in those areas. Our best advice to investors is to avoid this entity. They also do not have existing feedback from their clients.
Excotrades.com Contact Details
The customer support of Exco Trade is allegedly available 24/5. The only method that you can use to reach them is via email. The company also claims to have offices at Level 34, Scott Square, Scott Street, 4268 New York, USA.
Additionally, the entity features an address at Level 8, One Square, Canary Wharf, E14 5AA, London UK. However, the venture does not have a telephone number for easy communication with their customers.
Exco Trade being a scam, there is a very high possibility of the firm not being situated in the above area. The Ponzi scheme is an offshore entity considering that the USA and the UK have strict financial bodies.
The company will never respond to your email. Scammers also do tend to use the random phone number to cold pitch their victim. They will offer you an irresistible offer which the company will never meet.
Exco Trade is an illegal scheme that does not care about making anyone rich. The company is a get rich quick scheme that we cannot recommend to traders. Instead of wasting your time in this scam, look for a better alternative in the market.
Avoid unregulated entities that are operating anonymously. The company lacks a trading history and features a false address on their website. The minor details should serve as a red flag. Do not join this venture.
You can trade with the best forex trading companies in the industry. They will not scam you or share your data with a third party. The return that you make will go directly into your account without facing any compromise.