Excedos / excedos2.com has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The mobile app from Excedos / excedos2.com is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Clear documentation|Copy trading available|Multi-currency support
Cons: Minor UI glitches occasionally|Cannot customize dashboard fully
I invested $10,000 with Excedos / excedos2.com after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Swiss Financial Market Supervisory Authority.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
KYC with Excedos / excedos2.com is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Responsive team|No hidden fees|Instant funding|Customizable dashboard
Cons: No integrated tax optimization
After using Excedos / excedos2.com for nearly two years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Reliable uptime|Educational resources|Fast deposits|Comprehensive tools
Cons: No fractional shares
After for about five months with Excedos / excedos2.com I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Dedicated account manager|Competitive fees|Automated trading options
Cons: Cannot customize dashboard fully
Several red flags with Excedos / excedos2.com: (1) They promise unrealistically high returns, (2) They're not registered with Swiss Financial Market Supervisory Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Swiss Financial Market Supervisory Authority|Cannot verify credentials
I joined Excedos / excedos2.com after attending a webinar they hosted and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Quick verification|Fast support response|Automated trading options|Educational resources
Cons: Account statements could be more detailed|No integrated tax optimization
The spread at Excedos / excedos2.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Multiple order types|Fast support response|Clear documentation|API access
Cons: Research section could be deeper|Website design could be more modern
Do not believe the bonus offer from Excedos / excedos2.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a financial advisor and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Tax reports included|Demo account available|Smooth onboarding
Cons: Email notifications too frequent|Spreads widen during volatile periods
Excedos / excedos2.com offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Segregated accounts|Two-factor authentication
Cons: Currency conversion fee exists|No dark mode on mobile