Excite One to Terminate Macaso and Trading Station

Excite One, a Japanese broker, announced its decision to terminate its foreign exchange services of Macaso and Trading Station. The services will end on the 30th of September 2020.

In fact, according to the statement from the broker, the company has decided to cancel its financial instruments business. This was as of Wednesday, the 21st of October, 2020. 

It has not provided any reasons as to why it has come to this decision. Although the company did say the news was disappointing,

Clients holding positions in Macaso and Trading Station accounts have until Friday, the 18th of September 2020. Only until then can they close their positions at the New York closing.

For trading accounts who haven’t settled their positions by the deadline, they’ll close all positions after Monday, September 21, 2020. Traders should note that certain swap points will be generated for payment by their company. This was a statement from Excite One.

Excite One Closing Dates

The service end-date for opening a new account ceased on the 8th of July. One can only make new positions until Friday, July 10th. Clients have until Friday to make their initial deposit.

Furthermore, Excite One’s quick deposit service will be available up until Friday, the 31st of July. The last trading day for position settlement is Friday, the 18th of September. Clients will be able to output and view their annual profit and loss report until Wednesday, October 21st.

Any payments one makes after August 1, 2020, they can only do so by transferring to a designated financial institution account. The broker highlights that they will accept payments by transfer by September 17, 2020.

The annual profit and loss report for 2020 transactions will be sent in sequence. That is after the full amount is withdrawn. If they’d like to have a previous annual profit and loss report, they should contact them by Wednesday, October 21st. 

This is what the broker outlined in a statement.