ECN.Broker foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.ecn.broker/#/register?lang=en, about the company's legal and temporary regulatory information, the company's address 71 Vazha-Pshavela ave, Block 2 Space 5, Tbilisi, Georgia, 0186.
ECN.Broker Forex Broker
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
What is ECN.Broker？
ECN.Broker is allegedly a forex broker, based in Saint Vincent and the Grenadines and founded in 2015, claiming to provide its clients with the worlds most popular MetaTrader4 platform, leverage up to 1:1000, variable spreads on over 260 tradable assets, as well as a choice of four different account types and 24×7 customer support services.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
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ECN.Broker Alternative Brokers
There are many alternative brokers to ECN.Broker depending on the specific needs and preferences of the trader. Some popular options include:
BlackBull Markets - A reputable forex broker known for its low spreads, fast execution, and comprehensive trading tools, making it an excellent choice for traders seeking a reliable and feature-rich trading experience.
Forex Club - A well-established forex broker offering a wide range of trading instruments, educational resources, and a user-friendly platform for traders of all experience levels.
TeraFX - A reputable forex broker that offers a diverse range of trading solutions, backed by advanced trading tools and exceptional customer support.
Is ECN.Broker Safe or Scam？
ECN.Broker currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.
If you are considering investing with ECN.Broker, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Market Instruments
ECN.Broker offers a wide range of trading instruments in various financial markets.
Forex: ECN.Broker provides access to the forex market, allowing traders to trade currency pairs. Major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs, are available for trading.
Metals: Traders can also trade precious metals like gold, silver, platinum, and palladium through ECN.Broker. These metals are popular for their value and are often considered as safe-haven assets during uncertain market conditions.
CFDs on indices: ECN.Broker offers Contracts for Difference (CFDs) on various global stock market indices. Examples include the S&P 500, Dow Jones Industrial Average, FTSE 100, and DAX 30. CFDs allow traders to speculate on the price movements of these indices without owning the underlying assets.
Commodities: ECN.Broker provides access to the commodities market, allowing traders to trade CFDs on popular commodities such as crude oil, natural gas, agricultural products, and more. Commodities can offer diversification and can be influenced by various factors like supply and demand dynamics.
Stocks: ECN.Broker enables traders to trade CFDs on stocks of various companies. These CFDs allow traders to speculate on the price movements of individual stocks without owning the actual shares. Stocks from major global exchanges can be traded, providing a range of opportunities.
Account Types
ECN.Broker offers three live account types: ECN, ECN FIX, and ECN MINI.
ECN Account:
The ECN account type is designed for traders who prefer direct market access and high-speed order execution. The minimum deposit required for an ECN account is $50.
ECN FIX Account:
The ECN FIX account is specifically tailored for traders who prefer fixed spreads. The minimum deposit required for an ECN FIX account is $50.
ECN MINI Account:
The ECN MINI account is designed for traders who want to start with a smaller deposit. Traders can open an ECN MINI account with just $1.
Leverage
ECN.Broker offers a maximum leverage of 1:1000. Leverage is a tool that allows traders to amplify their trading positions by borrowing funds from their broker. With a high leverage ratio like 1:1000, traders can control larger trade sizes compared to their invested capital.
The availability of high leverage can be advantageous for traders as it offers the potential for higher returns on investment. With a smaller initial investment, traders can have exposure to larger market positions and potentially magnify their profits. However, it is crucial to understand that leverage can also amplify losses.
Spreads & Commissions
Spreads and commissions are significantly influenced by what type of accounts traders are holding. Clients on the ECN Mini account can experience the floating spread from 1.2 pips with 0 commission, while the ECN Fix account can enjoy the fixed spread from 3 pips with 0 commission, and the ECN account with floating spread from 0.0 pips and commission of $4 per lot.
| Account Type | Spread | Commission |
| ECN Mini | From 1.2 pips | None |
| ECN Fix | Fixed spread from 3 pips | None |
| ECN | Floating spread from 0.0 pips | $4 per lot |
Trading Platforms
ECN.Broker provides the popular MetaTrader 4 (MT4) trading platform for its clients. MT4 is widely recognized and preferred by traders around the world for its user-friendly interface, advanced charting capabilities, and extensive range of features.
With the MT4 platform, traders can access various financial markets, including forex, commodities, indices, and more, all from a single interface. The platform offers real-time market data, allowing traders to monitor market conditions and make well-informed trading decisions. It provides a wide range of technical analysis tools, including indicators and drawing tools, to help traders analyze price patterns and trends.
The platform also supports mobile trading, enabling traders to access their accounts and trade on the go using their smartphones or tablets. The mobile version of MT4 is available for both iOS and Android devices, providing a seamless trading experience regardless of location.
Deposits & Withdrawals
ECN.Broker facilitates convenient and hassle-free deposit and withdrawal options for its clients. Clients can choose from a variety of payment methods to fund their trading accounts or withdraw their profits.
One of the options available for deposits and withdrawals is through bank transfers. Clients can initiate transfers directly from their bank accounts to the designated bank accounts of ECN.Broker.
Another popular option for deposits and withdrawals is using cards such as KbpCard and GrowPay. Clients can link their debit or credit cards to their trading accounts and conveniently deposit or withdraw funds using this method.
ECN.Broker also supports e-wallets such as Bitcoin and Binance for deposits and withdrawals. Clients can utilize these digital wallets to transfer funds quickly and securely. E-wallet deposits and withdrawals are generally processed efficiently, providing clients with flexibility and convenience.
ECN.Broker minimum deposit vs other brokers
| ECN.Broker | Most other | |
| Minimum Deposit | $1 | $100 |
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +357 22009460
Email: russia@ecn.broker
europe@ecn.broker
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram, and YouTube.
Whats more, ECN.Broker provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, ECN.Broker aims to provide transparency and clarity to their clients, helping them make informed decision.
ECN.Brokeroffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
Conclusion
In conclusion, ECN.Broker is a brokerage firm that offers the popular MT4 and provides a range of deposit and withdrawal options for its clients. However, it is important to note that there is currently no specific information available regarding ECN.Broker's regulation status.
It is crucial to conduct thorough research, examine the broker's regulatory status, and weigh the associated risks. Consulting with a financial advisor or seeking professional guidance is advisable to ensure informed decision making.
Frequently Asked Questions (FAQs)
| Q 1: | Is ECN.Broker regulated？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | How can I contact the customer support team at ECN.Broker？ |
| A 2: | You can contact via phone, +357 22009460 and email, russia@ecn.broker and europe@ecn.broker. |
| Q 3: | Does ECN.Broker offer demo accounts？ |
| A 3: | No. |
| Q 4: | Does ECN.Broker offer the industry leading MT4 & MT5？ |
| A 4: | Yes. It offers MT4. |
| Q 5: | What is the minimum deposit for ECN.Broker？ |
| A 5: | The minimum initial deposit to open an account is $1. |
| Q 6: | Is ECN.Broker a good broker for beginners？ |
| A 6: | No. It is not a good choice for beginners because of its unregulated condition. |
| Q 7: | At ECN.Broker, are there any regional restrictions for traders？ |
| A 7: | Yes. ECN.Broker does not provide services to citizens and residents in the USA and DPRK. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Rating Index
ECN Mini
ECN Fix
ECN.Broker Similarly Rated Brokers
Latest Reviews
FX1395806416
United States
They deserve five stars! It was a pleasure to chat with their customer service, their attitude was very friendly, and their replies were very timely, and it could be seen that they were professionally trained, so they could behave so professionally and therefore I can have such a good trading experience. It is highly recommended to try their mini account, which is only $1, the spread is low, and there are no commissions.
Positive
2023-03-20
DTF
Colombia
I have been working with ECN.Broker for the past 2 years, and I can say that their service is top-notch! They are always there when you need them. A big shout-out to all of those wonderful people at ECN.Broke who makes this company such an enjoyable platform!
Positive
2023-03-10
Givendoton
Ukraine
Sometimes it feels like this broker has no flaws. Don't get me wrong; I'm not spending every day scrutinizing its trading conditions to find some glitch. I just come across other traders on forums and different sites describing issues they face with their brokers. In those moments, I realize how lucky I am that my ECN.Broker doesn't have such problems. All the trading conditions and tools work flawlessly. The most important part? It's helping me make a profit.
Positive
2023-12-13