Choosing a Reliable Intermediary in Financial Markets
When selecting a company to earn money in financial markets, it is important to pay attention not only to colorful promises but also to the honest fulfillment of cooperation conditions. The best choice is not always the one actively promoting its products through advertising campaigns. For instance, the company EXCBC.
Reviews about this company have only started appearing in the Russian-speaking internet since it recently entered the domestic market. Should you rush with registration on their website or is it better to wait? We will thoroughly examine the platform’s functionality and trading opportunities they offer.
Information about the Parent Company EXCBC
The official website of EXCBC is designed in a simple and concise style. Here, it is easy to find all the information about the trading conditions and additional services available with the broker. We have established that the company is managed by EXCHANGEBC Ltd from Saint Vincent and the Grenadines. Some people may be biased and consider offshore registration a negative factor. However, in practice, this might be due to more lenient tax legislation aimed at enhancing service for clients.
The broker’s website was registered in 2018, with the latest update in August 2021. Evidently, EXCBC has just started operations in the Russian market by adapting its platform for local traders. Apart from the English interface version, a Russian version is now available. For user convenience, the broker has also provided a phone number with a local area code. Unfortunately, the financial agent does not currently have social media pages.
As of now, the financial agent does not have a license from the Bank of Russia. However, based on client feedback, cooperation with them is quite trustworthy. New brokers on the market often have to start this way until they build their reputation. The important thing is that there are no obvious violations on the company’s part at the moment.
Offers from the Broker EXCBC
EXCBC aims to earn the trust of both novice and professional traders. A demo account and an extensive educational base might interest newcomers, while a high leverage will provide more opportunities for experienced traders. The broker offers access to more than 100 trading instruments, including currencies, indices, commodities, metals, and cryptocurrencies.
The broker offers 5 types of trading accounts:
- “Micro”. Minimum deposit – $250.
- “Simple”. Initial deposit – from $1,000.
- “Standard”. Minimum deposit – $2,500.
- “Pro”. To open an account, a minimum of $10,000 is required.
- “VIP”. Minimum top-up – $100,000.
The cooperation conditions are detailed in the documentation, which is recommended to be reviewed before registration. The broker honestly warns that CFD trading can be risky and recommends exercising caution while carrying out operations.
Review of Client Feedback
Reviews about the company EXCBC have only begun to appear online. Users share the pros and cons of cooperation with the broker. To have a full understanding of the company, it is recommended to study the opinions of real users.
Review Summary
EXCBC targets individual traders, not offering passive investment opportunities. In the Russian market, the company is just starting its operations, hence the number of reviews is limited for now. However, the company has potential that may unfold in the future. Before deciding on registration on their platform, it is recommended to carefully study all conditions and weigh your actions. Remember that for every decision you make, you bear responsibility.
