ANSWER Dear Investor,
We do not recommend trading with EXCO, as there are serious concerns regarding its operational status.
EXCO claims to operate under RSG Finance LLC, which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we can confirm that a matching company exists in the SVG FSA registry, its registration status is now shown as 'cancelled'. Even if it were currently active, this would only grant it International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or licence forex brokers.
Therefore, EXCO is effectively unlicensed by any recognised financial authority. This is a major red flag indicating fraudulent activity. We therefore strongly advise you to avoid trading with EXCO in order to protect your funds.
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