EXCBit
EXCBit calls itself an experienced broker that has been in existence since 2018 and currently offers clients the widest range of trading instruments and services to conduct successful trading in any financial market. The broker positions itself as international and claims to have offices in more than 180 countries worldwide. Clients have access to a functional platform that ensures fast order execution, no slippage or requotes, data protection, and leverage from 1:20 to 1:100.
There are no official documents on the EXCBit website confirming the company’s legal status. Nevertheless, the broker states that it is registered in Switzerland at Regensbergstrasse 3b 1296 Avenches, and is regulated by the Cyprus Securities and Exchange Commission and the Financial Services Commission of Mauritius. It is worth noting that there are no registration certificates or licenses. In other words, there is no official confirmation of these claims on the website.
Contact with clients is done through email and phone. Clients are guaranteed continuous support from the company’s professional specialists, as well as extensive informational support throughout the entire cooperation period.
Trading Conditions of EXCBit
After registering on the EXCBit website, clients gain unlimited access to all markets and trading instruments, including currencies, stocks, commodities, indices, cryptocurrencies, metals, and more. Users can only open one type of trading account, but can switch to another account upon request. The company offers the following collaboration options:
- Trader. Initial capital of $1000: fast order execution.
- Trader+. Investments from $10,000: access to cryptocurrency and metals trading, leverage of 1:50, deposit protection.
- Opti Invest. $50,000: the ability to open a PAMM account, deposit insurance, ETF trading, personal manager.
There are no additional programs on the website for generating passive income. The broker does not offer other types of services and limits information regarding platform usage and services conditions.
EXCBit provides access to all liquid trading directions with currencies, cryptocurrencies, securities, metals, and other assets, but reserves the right to restrict services for clients whose actions are deemed suspicious by the company’s management.
Account Funding and Withdrawal with EXCBit
EXCBit offers the use of any available methods for transferring financial funds and guarantees complete investment security. There is no set minimum investment capital to create an account, and the base currency is USD. Clients can only use one account in the currency of the initial transfer, with conversion based on the company’s original rates. Commissions are not specified, and there is no set maximum amount for withdrawing funds from the account.
Conclusion
EXCBit calls itself an international broker that provides traders with all the necessary resources for successful trading. However, the company lacks official documents confirming the broker’s legal status and its right to engage in investment activities in the Russian Federation and CIS countries. Despite substantial investment inputs, the functionality of trading accounts remains almost unchanged, with a standard set of features.