ECHForex Forex Broker

ECHForexReview SummaryFounded2-5 yearsRegistered Country/RegionAustraliaRegulationUnregulatedMarket InstrumentsBrent Crude Oil, Dow Jones, Bitcoin, EUR/USD, and BoeingDemo AccountNot mentionedLeverageUp to 1:500SpreadNot mentionedTrading PlatformNot mentionedMin DepositNot mentionedCustomer SupportPhone: +44(0)130 23 481Email: support@echforex.comECHForex Information ECHForex is a broker. The tradable instruments with a maximum leverage of 1:500 include Brent crude oil, Dow Jones, bitcoin, EUR/USD, and Boeing. ECHForex is still risky due to its unregulated status, high leverage, and inaccessible office websites.Pros and ConsPros Cons Leverage up to 1:500UnregulatedVarious instrumentsInaccessible office websiteUnspecific informationIs ECHForex Legit? ECHForex is not regulated, even though it claims to be regulated by ASIC, DFSA, SCB, and FCA. However, an unregulated broker is not as safe as a regulated one.What Can I Trade on ECHForex? Traders can choose different investment directions because the broker provides Brent crude oil, Dow Jones, bitcoin, EUR/USD, and Boeing.Tradable Instruments Supported Brent Crude Oil✔Dow Jones✔Bitcoin✔EUR/USD✔Boeing✔Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type ECHForex has account types: Base, Advanced, and Professional. Traders who want both low spreads and low leverage can choose a base account and those with sufficient budget can open a professional account.Account Type BaseAdvancedProfessionalMinimum deposit$500$1000$10000Leverage1:201:5001:500Leverage The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.Customer Support Options ECHForex supports 24-hour personal support and traders can contact ECHForex via phone and email.Contact Options DetailsPhone +44 (0) 130 23 481Email support@echforex.comSupported Language English/ChineseWebsite Language English/ChinesePhysical Address 23, Sturt Street, Melbourne, Vlc 3008, Australia