Rating Index
Pros
Offers a range of financial instruments, including forex, commodities, and cryptocurrencies.
Provides access to the popular MetaTrader 4 trading platform, which is user-friendly and widely used.
Established for 5 to 10 years, indicating some level of operational experience in the market.
Cons
Regulatory status is questionable, with a suspicious license from the FCA and low regulatory scores.
High potential risk associated with trading through an unverified broker, raising concerns for investors.
Limited customer support options may hinder quick resolution of issues for traders.
ECFX broker Accounts
ECFX Account Type
ECFX offers various trading account types tailored to meet the needs of different traders. The main account types available include:
- Standard Account:
- Minimum Deposit: $2,000
- Maximum Leverage: 1:100
- Spreads: Starting from 0.3 pips
- Commission: $7 per lot
- Mini Account:
- Minimum Deposit: $1,000
- Maximum Leverage: 1:300
- Spreads: Starting from 1.5 pips
- Commission: $0 per lot
- Classic Account:
- Minimum Deposit: $100
- Maximum Leverage: 1:300
- Spreads: Starting from 2.1 pips
- Commission: $0 per lot
- Islamic Account:
- Minimum Deposit: $2,000
- Maximum Leverage: 1:300
- Spreads: Starting from 2.4 pips
- Commission: $0 per lot
- Swap-free trading compliant with Sharia law.
- Visit the ECFX Website: Go to the official ECFX site.
- Select Account Type: Choose the type of trading account that suits your needs (Standard, Mini, Classic, or Islamic).
- Complete the Online Application: Fill out the online application form with your personal information.
- Submit Required Documents: Provide necessary identification documents, such as a government-issued ID and proof of residence.
- Deposit Funds: Fund your account using bank wire transfer or other accepted methods. The minimum deposit varies by account type.
- Account Verification: Wait for your account to be verified, which usually takes 1-2 business days.
- Receive Login Credentials: Once verified, you will receive your login information via email.
- Start Trading: Log in to your account and begin trading in the financial markets.
ECFX Broker Account Opening Process
To open an account with ECFX, follow these steps:
For more detailed information, visit ECFX.
ECFX Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
ECFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .