Excent.Capital Review/ 2021: Scam? Find Out!

Thinking of getting into business with Excent.Capital? Here is what you must know about this broker. Carefully read this review to find out if excent.capital is the trading platform you will want to trade with.

About Excent.Capital Broker

Excent.Capital is an offshore brokerage company with a lot of promises for traders. The broker claims to have its headquarters in the United Kingdom.

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According to the broker, it offers the following for trading. See below.

In spite the trading instruments Excent.Capital claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

excent.capital: Reasons to Avoid This Broker

Firstly, excent.capital is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because Financial Conduct Authority, FCA UK does not recognize this broker.

Secondly, we noticed excent.capital has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.    

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with a scam broker. 

Withdrawal and Deposit

Withdrawal process

Under the withdrawal policy, Excent.Capital charges $30 on an account less than $1000 with 2 days processing time.

Minimum Deposit

Excent.Capital minimum deposit is not presented for forex traders as the broker shows no payment area for that.

As for the payment methods, we can make payment via Credit/ Debit card and Bank Wire Transfer. To clarify, you should not consider making any payment with this broker because it is a risk and a scam. So beware!

Excent.Capital Platform

Excent.Capital offers EC Market platform for trading and no space for MT4 or MT5.

As for the leverage, it can get up to 1:100. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Excent.Capital Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

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Conclusion: Is excent.capital a Reliable Broker?

No, excent.capital does not seem like a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

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