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EC Markets Review: Unveiling the Features of a Top-Notch Broker

EC-Markets Review

Our EC Markets review brought to mind a previous article we did on VT Markets. You can trust a regulated, open broker with your investments just like VT and EC are. As much as we enjoy exposing shady brokers, we enjoy publishing reviews about trustworthy options. This is yet another review that will aid you in making an informed choice, and this time, we advise using the product we discuss. 

Who Is EC Markets? All About Ec Markets Group Ltd

EC Markets Limited or EC Markets Group is a brokerage company regulated by multiple authorities including the FCA, and is registered at 17th Floor 110 Bishopsgate, London EC2N 4AYE C 2 N 4 A Y UNITED KINGDOM and Suite 4B, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. 

Since their establishment in 2021, they have upheld a positive reputation, which is supported by feedback from their traders.

General information
Name Ec Markets
Regulation status Regulated by FSA, FCA, and FSC
Warnings from Financial Regulators
  • No official warnings
Website link www.ecmarkets.sc
Active since 2021
Registered in
  • 17th Floor 110 Bishopsgate, London EC2N 4AYE C 2 N 4 A Y UNITED KINGDOM
  • Suite 4B, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles
  • Silicon Avenue, 40 Cybercity, The Cyberati Lounge, c/o Credentia International Management Ltd, Ground Floor, The Catalyst, 72201 Ebene, Mauritius
Contact info +248 422 4099

[email protected]
Web form

www.facebook.com

Twitter.com
www.linkedin.com

www.youtube.com

www.instagram.com

Trading platforms MT4
Majority of clients are from United States

Saint Lucia

India

Philippines

Grenada

Customer support 24/5 live chat support
Compensation fund FSCS

Regulation Info

Ec Markets Limited operates under the regulatory oversight of three different authorities:

  • Seychelles Financial Services Authority (FSA): Ec Markets Limited is authorized and regulated by the Seychelles Financial Services Authority with License No. SD009. It is registered as a Seychelles Investment Firm under the number 8413793-1. 
  • Financial Conduct Authority (FCA): Ec Markets Group Ltd is authorized and regulated by the Financial Conduct Authority with FRN: 571881. The company is incorporated in England and Wales under registration number 07601714. 
  • Mauritius Financial Services Commission (FSC): Ec Markets Limited is authorized and regulated by the Mauritius Financial Services Commission with License No. GB2100130. The company is incorporated in the Republic of Mauritius under registration number CN188565 GBC. 

Ec Markets Limited, which offers some openness and control in its financial services operations, complies with the regulatory standards of these three jurisdictions. The regulatory structure governing Ec Markets Limited’s operations in Seychelles, the UK, and Mauritius may be trusted by traders and investors doing business with the company.

EC Markets Broker Profile

EC Markets forex broker additionally trades in crypto CFDs, metals, indices, and commodities. The maximum leverage offered is 1:500 for a total of 3 account types with a minimum deposit of $100. They offer a demo account available on the EC Markets login page, which is another benefit in addition to a couple of educational materials at the EC Markets academy. 

Account types: PRO, ECN, STD
Financial Instruments On Offer:
  • Forex (EURUSD, EURGBP, USDNOK)
  • Cryptocurrency CFDs  (BTC, ETH, XRP)
  • Metals (Gold, Silver, Platinum)
  • Indices (S&P 500 Index, Dow Jones Industrial Average, FTSE 100 Index)
  • Commodities (Crude Oil, Natural Gas, Corn)
Maximum leverage: 1:2 – 1:500
Minimum Deposit: $100
Commissions/bonuses: N/A
Mobile app: Yes
Desktop app: Yes
Autotrading: Yes
Demo account: Yes
Education or Extra tools: Economic Calendar, Glossary, Courses

EC Markets Account Types

STD ACCOUNT  is designed for experienced market players looking to advance in the world of forex trading. The spreads start from 1.2 pips, providing traders with competitive pricing. The leverage for forex and metals is set at 500:1, while for crude oil, it is 200:1. The minimum order size is 0.01 lot, and there is no maximum order size, offering traders flexibility in their trading positions. The margin call level is set at 100%, and the stop-out level is at 50%.

ECN ACCOUNT offers a highly competitive spread, starting from 0.0 pips. The leverage remains the same as the STD ACCOUNT, with forex and metals set at 500:1, and crude oil at 200:1. The minimum order size is 0.01 lot, and traders can place unlimited order sizes. Like the STD ACCOUNT, the ECN ACCOUNT also has a margin call level of 100% and a stop-out level of 50%.

PRO ACCOUNT is tailored for traders looking for ultra-low trading costs. Offering spreads from 0.0 pips, this account type is ideal for those seeking cost-effective trading solutions. The leverage and order sizes are consistent with the STD and ECN ACCOUNTS. The margin call level is set at 100%, and the stop-out level is at 50%.

Tip: The EC Markets CFD option is only possible while trading cryptocurrencies. 

Is EC Markets Safe To Trade With?

Understand the pros and cons of partnering with Ec Markets in our balanced broker review.

Three reputable financial regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Financial Services Commission (FSC) in Mauritius, and the Seychelles Financial Services Authority (FSA), have approved and overseen ECMarkets. Investor protection is provided by this multi-jurisdictional framework, which guarantees strict adherence to industry standards.

EC Markets Group Ltd is covered by the Financial Services Compensation Scheme (FSCS) in the UK because it is an FCA-authorized broker. As eligible consumers may get compensation in the event of financial difficulties or default, this adds an extra layer of security.

As a result of its transparency, regulatory compliance, membership in the FSCS compensation fund, and favorable trader evaluations, ECMarkets seems to be a reliable broker. Always do extensive study and evaluate suitability using personal trading preferences. Get in touch with us right now to learn more and find dependable choices for your trading needs. We’re on hand to help you locate the best options based on your choices and needs. Contact us right away for a safe and profitable trading experience.

EC Markets Review: Traders’ Thoughts and Opinions

A total of 55 reviews for ECMarkets have been posted on Trustpilot, with an average rating of 4.2 stars. About 80% of the evaluations are favorable, demonstrating happy customers and great experiences with the broker’s services.

The focus of some unfavorable evaluations, which center on problems with withdrawal processing, should be noted. In one review in particular, the trader expressed concern over a protracted withdrawal wait period, saying, “I withdrew my funds on May 9th, and today is June 9th, but I haven’t received them yet.”

Although the majority of traders appear to be satisfied with ECMarkets, the unfavorable reviews suggest that some consumers have experienced difficulties with the withdrawal procedure. To make informed decisions, traders must thoroughly research the broker’s policies and terms, including the timeframes for processing withdrawals, as they would with any trading platform.

A Look at EC Markets’s Traders They Serve

Due to its favorable ratings and reputable status among traders, ECMarkets has been successful in attracting a wide variety of merchants. The broker has received positive feedback and built a strong reputation for its services, which has helped it attract more customers.

ECMarkets, which operates in several countries like the United States, Saint Lucia, India, the Philippines, and Grenada, intends to serve traders from different geographic areas. It’s crucial to remember that each country may have a different regulatory environment, so business owners should make sure local laws are followed.

Contact us right now for a free consultation, and let our professionals help you through your trading adventure by guiding you to make well-informed selections. Our top focus is seeing you succeed, and we’re here to help you every step of the way. Contact us right now for individualized and trusted solutions.

Deposits and Withdrawal Methods

Ec Markets Deposit

Accepted payment methods for both deposits and withdrawals include:

  • Union Pay
  • OTC365
  • Tether
  • Thai QR Payment
  • Bank Transfer Malaysia 
  • Wire transfer
  • VN Pay
  • Poli

There are no deposit fees besides if you use Poli then you pay a deposit fee of 4%. The withdrawal fees have exchange rates that are real-time rates. The processing time depends on the payment option you choose. 

EC Markets Pros and Cons

Pros Cons
  1. Regulated by FCA, FSC, and FSA
  2. Demo account
  3. Social networks
  4. Transparency
  5. Low spreads
  6. Variety of trading instruments
  1. Cards are not accepted
  2. Accepting US clients
  3. Not enough educational material

Long Story Short – EC Markets

In conclusion, positive ratings and a strong reputation among traders have helped the broker draw in a wide variety of traders. EC Markets provides a comprehensive selection of financial instruments, reasonable spreads, and high-leverage options with a dedication to openness and dependability. 

Trading decisions should only be made after careful research and consideration of local restrictions. Traders seeking a respectable and trustworthy broker may find EC Markets to be a promising alternative. To begin your trading journey, request a free consultation as a first step. Tell us about your trading experiences, and we’ll offer advice on how to proceed. Call us right away!

You can check out our VantageMarkets review or to learn more about a phony broker you should avoid, read our review of VTindex

FAQ Section

Is EC Markets Regulated?

EC Markets is regulated by multiple authorities including the Seychelles Financial Services Authority, the Financial Conduct Authority, and the Mauritius Financial Services Commission.

Does EC Markets Have a Mobile Trading App?

The EC Markets MT4 trading platform is available as both a desktop and mobile trading app.

Does EC Markets Offer a Demo Account?

Yes, you can practice trading with EC Markets before getting blindly into it by using the EC Markets demo account.

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