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Operating status: SCAM
On 26 Jan 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ExcoTradingFX is providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/exco-trading-fx
ExcoTradingFX claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
ExcoTradingFX also claims to be located in the USA. So we searched the National Futures Association (NFA) of the United States, but did not find any results matching this broker. That means ExcoTradingFX is not regulated in the USA.
Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that ExcoTradingFX is providing financial services or products in the UK without authorisation.
The truth is that ExcoTradingFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
BrokersView found the domain "https://www.excotradingfx.com/index.php#home" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.
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