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Influence index NO.1
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
|Market Instrument||140+ instruments:forex, CFDs on stock indices, commodities, stocks, metals and energies|
|Spread||From 0.8 pips|
|Minimum Deposit||$200 or equivalent currency|
|Deposit & Withdrawal Method||Credit Cards and Bank Transfers|
Excent Capital, a trading name of Excent Capital Group LTD, is allegedly a forex and CFD broker registered in the Virgin Islands that claims to provide its clients with 140+ tradable financial instruments with leverage up to 1:100 and floating spreads from 0.8 pips on the web-based trading platform. Here is the home page of this brokers official site:
As for regulation, it has been verified that Excent Capital currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.23/10. Please be aware of the risk.
Excent Capital advertises that it offers over 140 instruments on different asset classes, including forex, CFDs on stock indices, commodities, stocks, metals and energies.
Excent Capital claims to offer free and unlimited demo accounts with 100,000 virtual funds, and unspecified live accounts.
The leverage provided by Excent Capital is up to 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Excent Capitals website claims that the spread starts from 0.8 pips. As tested on the web trader, the EUR/USD cost of trade was 1.1 pips. By contrast, the industry average is 1.5 pips.
Trading Platform Available
Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Excent Capital gives traders a web trader. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Deposits with Excent Capital are allowed and accepted via Credit Cards and Bank Transfers. The home page advertises that the minimum deposit is just $50, while in the FAQ, the minimum first deposit is $200 or equivalent currency. If a withdrawal is less than $1000 then the broker will apply a $30 fee and a €16 fee for less than €800. Withdrawal requests are said to be processed in 2 working days.
Excent Capitals customer support can be reached by telephone: +44 7888 860 645, email: email@example.com, firstname.lastname@example.org. You can also follow this broker on social networks such as LinkedIn. Company address: First Floor, Icount House, Kumul Highway, Port Vila, Vanuatu.
Pros & Cons
|• Wide range of tradable assets offered||• No regulation|
|• Demo accounts available||• High minimum deposit requirement ($200 or equivalent currency)|
|• High withdrawal fee is charged|
Frequently Asked Questions (FAQs)
|Q 1:||Is Excent Capital regulated？|
|A 1:||No. It has been verified that Excent Capital currently has no valid regulation.|
|Q 2:||At Excent Capital, are there any regional restrictions for traders？|
|A 2:||Yes. Excent Capital does not provide services to residents of certain countries, including but not limited to Canada (Provinces of British Columbia, Quebec, and Saskatchewan), Japan, the Democratic Peoples Republic of Korea (DPRK), Iran and the United States of America (USA), or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.|
|Q 3:||Does Excent Capital offer demo accounts？|
|A 3:||Yes. Excent Capital says to offer free and unlimited demo accounts with 100,000 virtual funds.|
|Q 4:||Does Excent Capital offer the industry-standard MT4 & MT5？|
|A 4:||No. Instead, Excent Capital offers a web-based trading platform.|
|Q 5:||What is the minimum deposit for Excent Capital？|
|A 5:||The home page advertises that the minimum deposit is just $50, while in the FAQ, the minimum first deposit is $200 or equivalent currency.|
|Q 6:||Does Excent Capital charge a fee？|
|A 6:||Like every forex broker, Excent Capital charges a spared fee. It also charges a withdrawal fee, depending on your withdrawal amount and currency type.|
|Q 7:||Is Excent Capital a good broker for beginners？|
|A 7:||No. Excent Capital is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit requirement and withdrawal fee.|
Excent Capital Group LTD
Platform registered country and region
+44 7888 860 64
CT House, Office 3C, Providence, Mahe, Seychelles.
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