ECG Brokers foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.ecgbrokers.com/signup, about the company's legal and temporary regulatory information, the company's address K. Amanzholov Street 174, 090000 Uralsk, Western Kazakh Province, Kazakhstan..
ECG Brokers Forex Broker
Basic information
Mauritius
2-5 years Suspicious Regulatory License MT5 Full License Regional Brokers High potential riskCompany profile
Note: MorsPrime's official website - https://www.ecgbrokers.com is currently inaccessible normally.
ECG Brokers Review SummaryECG Brokers is an unregulated broker registered in Mauritius, offering trading in forex, stocks, cryptocurrencies, commodities, and indices with leverage up to 1:500 and spread from 0.6 pips via the MT5 platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.
Pros and Cons
| Pros | Cons |
| Diverse tradable asset classes | Inaccessible website |
| Demo accounts | Unregulated |
| Multiple account types | Only email support |
| Tight spreads | |
| Commission-free accounts offered | |
| MT5 trading platform | |
| No minimum deposit | |
| Popular payment options |
Is ECG Brokers Legit?
No. ECG Brokers has no regulations currently. Please be aware of the risk!
What Can I Trade on ECG Brokers?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
| Standard | $0 |
| Raw | $1,000 |
| Elite | $10,000 |
Leverage
The leverage of ECG Brokers can be up to 1:500 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
ECG Brokers Fees
| Account Type | Spread | Commission |
| Standard | From 0.6 pips | ❌ |
| Raw | From 0.0 pips | $3 per lot |
| Elite | $1.5 per lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Android, IOS | Beginners |
| MT5 | ✔ | Desktop, Android, iOS | Experienced traders |
Deposit and Withdrawal
ECG Brokers accepts payments via VISA, Mastercard, PayPal, Skrill, and NETELLER.
Rating Index
CLASSIC
ELITE
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Latest Reviews
Una丶Daddy
Cambodia
Impressed with ECG Brokers' diverse trading options, competitive spreads, and user-friendly MetaTrader platforms. Over a year of trading with them has been fruitful, but the lack of regulation is a concern.
Neutral
2023-12-05
jacob9237
United Arab Emirates
Great trading platform, Been trading with them for a while now and i have no come across any issues. They have got a really good educational platform as well.
Positive
2023-06-12
Wilhelmina Featherstonehaugh
Mexico
Approached ECG Brokers cautiously due to the absence of regulation. While the trading options are extensive, transparency issues, limited support channels, and regulatory concerns make it a risky choice.
Neutral
2023-12-06