Score
EC Markets
United Kingdom|10-15 years| Benchmark B|https://www.ecmarkets.live/en-US/
Website
Rating Index
Benchmark
Benchmark
B
Average transaction speed (ms)
MT4/5
Full License
ECMarketsGroupLtd-Live01
Benchmark
Speed：B
Slippage：C
Cost：A
Disconnected：C
Rollover：A
MT4/5 Identification
MT4/5 Identification
Full License
ChinaContact
100% Mediation in the complaints
Response of EMC during7working days
Single Core
1G
40G
1M*ADSL
Basic Information
United Kingdom
10-15 years Regulated in Australia Regulated in New Zealand Regulated in United Kingdom Regulated in Seychelles Regulated in South Africa Market Making(MM) Straight Through Processing(STP) Retail Forex License Financial Service MT4 Full License MT5 Full LicenseAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Benchmark
WikiFX Data provideSources
Language
Mkt. Analysis
Creatives
WikiResearchCooperative company
Website
ecmarkets.xyz
Server Location
United States
Website Domain Name
ecmarkets.xyz
Server IP
104.21.32.1
-
ecmarkets.live
Server Location
United States
Website Domain Name
ecmarkets.live
Server IP
172.67.144.191
-
ecmarkets.co
Server Location
United States
Website Domain Name
ecmarkets.co
Server IP
104.21.43.179
Genealogy
VIP is not activated.
GCM Prime
MahiMarkets
HFTrading
Company Summary
Company Summary
Company profile
| Registered Country/Region | United Kingdom |
| Regulation | FCA, FSA |
| Minimum Deposit | US$10/R160 ZAR |
| Maximum Leverage | 1:500 |
| Minimum Spreads | From 0.0 pips |
| Trading Platform | MT4, Mobile and Webtrader |
| Demo Account | Yes |
| Trading Assets | Major FX Pairs, Minor FX Pairs, Precious Metals, CFD Indices, Crude Oil |
| Payment Methods | Bank Transfer |
| Customer Support | Phone, Email, Online chat |
General Information & Regulation
EC Markets is the trading name of EC Markets Group Ltd is authorised and regulated by the Financial Conduct Authority (FCA), FRN: 571881. EC Markets Group Ltd is incorporated in England and Wales (no. 07601714). The trading address is New Broad Street House, 35 New Broad Street, EC2M 1NH, London, United Kingdom.
Markets Instruments
EC Markets provides investors with popular tradable financial instruments, mainly major currency pairs, minor currency pairs, exotic currency pairs, precious metals, CFD stock indices, crude oil, etc.
Account Types
Ec Markets website says it provide several account types structure to meet various traders' trading experience, including STD account, Pro account and ECN account. To open a STD account, an initial deposit of $100 is required, and this types of account is suitable for all types of traders. The Pro account is designed for traders who pursue competitive spreads, requiring the same amount of initial deposit as the STD account. The ECN account is for professional traders pursuing superb trading conditions, and traders who want to try this account only need to fund at least $100.
Leverage
Trading leverage varies depending on various trading instruments, and the maximum trading leverage for forex trading is up to 1:500, Metals trading up to 1:500, Crude Oil trading up to 1:200.
Spreads & Commissions
The minimum spread for a standard account is 2.2 pips for EURUSD, 2.9 pips for GBPUSD, 2.9 pips for EURGBP, 5.4 pips for XAUUSD, 5.4 pips for XGUUSD, and 5.7 pips for Crude Oil. The standard account adopts a pure spread mode, with commission built into spreads. ECN account has 0.1 pips spread for EURUSD, minimum spread on GBPUSD 0.5 pips , minimum spread for AUDUSD 0.2 pips , minimum spread for XAUUSD 3.0 pips, minimum spread for XGUUSD 2.6 pips , and minimum spread for Crude Oil 4.7 pips, with a commission of $7 per standard lot on this account.
Trading Platform
EC Markets offers traders the world's most respected and widely used online trading platform in the forex sector - the MT4 trading platform, which allows EA automated trading, supports EA backtesting, provides charts with different time frames. Moreover, it has over 50 built-in technical analysis tools, supports multiple languages, and sets stop loss/stop gain orders/tracking stop orders. EC Markets' MT4 trading platform is available for Android and iOS versions.
Trading Tools
Aside from trading platforms, some trading tools including News & Analysis, Trading Central, Economic Calendar are also provided.
Deposit & Withdrawal
The minimum deposit to trade with EC Markets is $100, and clients are allowed to make a deposit and withdrawal through the following payment options, including China Union Pay, Tether, Wire Transfer, Bank Transfer Malaysia, VN Pay, PoLi. No deposits fees are charged with the EC Markets platform.
Customer Support
If you have any inquiries or trading-related issues, you can get in touch with EC Markets throuh the following contact channels:
Telephone: +248 4224099
Email: support@ecmarkets.sc
Online Chat
A Contact Form
Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, Linkedin, Youtube, and Instagram.
Pros & Cons
| Pros | Cons |
| FCA -regulated | Sign-up and welcome bonus not offered |
| MT4 trading platform supported | Marked-up spreads |
| Social trading supported | Verification is complicated and time-consuming |
| Low initial deposit requirements for all account types | |
| Commission-free trading | |
| High leverage up to 1:500 |
Frequently Asked Questions
Is EC Markets regulated ？
EC Markets Group Ltd is authorized and regulated by the FCA in the U.K., EC Markets Limited, authorized by the FSA in Seychelles under License No.: SD009.
What is the overall rate for EC Markets？
The overall score for EC Markets is 7.27/10 on WikiFX based on its License Index, Business Index, Risk Management Index, Software Index, and Regulatory Index.
Does EC Markets offer leverage？
EC Markets gives leverage up to 1:500.
Does EC Markets offers a demo account？
Yes. A demo account option is available for EC Markets.
Keywords
- 10-15 years
- Regulated in Australia
- Regulated in New Zealand
- Regulated in United Kingdom
- Regulated in Seychelles
- Regulated in South Africa
- Market Making(MM)
- Straight Through Processing(STP)
- Retail Forex License
- Financial Service
- MT4 Full License
- MT5 Full License
| Registered in | United Kingdom |
| Regulated by | ASIC, FMA, FCA, FSA, FSCA |
| Year(s) of establishment | 10-15 years |
| Trading instruments | Foreign exchange spot standard contracts, commodity spot standard contracts (gold, silver, WTI, Brent, natural gas), index contracts, crypto currency spot contracts, US dollar index |
| Minimum Initial Deposit | Information not available |
| Maximum Leverage | 1:500 |
| Demo account | Yes |
| Minimum spread | 0.0 pips onwards |
| Trading platform | MT4 |
| Deposit and withdrawal method | Union pay, otc365, tether, wire transfer, and some local payments such as THAI QR payment, VN PAY. |
| Customer Service | Email, phone number, social medias |
| Fraud Complaints Exposure | No for now |
General Information
EC Markets is a UK-registered brokerage firm that is regulated by reputable authorities such as FCA, FSA, and FSC. With a diverse range of trading instruments, including forex, commodities, indices, cryptocurrencies, and more, EC Markets provides traders with various options to participate in the financial markets. The company offers different types of trading accounts, including STD, ECN, and PRO accounts, each tailored to different trading needs. Traders can benefit from competitive spreads, high leverage options, educational resources, and a demo account for practice.
Regulatory Status
| Regulatory Agency | Current Status | License Type | Regulated By | License No. |
|---|---|---|---|---|
| Australia Securities & Investment Commission (ASIC) | Regulated | Market Making (MM) | Australia | 414198x |
| Financial Markets Authority (FMA) | Regulated | Market Making (MM) | New Zealand | 197465 |
| Financial Conduct Authority (FCA) | Regulated | Straight Through Processing (STP) | United Kingdom | 571881 |
| The Seychelles Financial Services Authority (FSA) | Offshore Regulated | Retail Forex License | Seychelles | SD009 |
| Financial Sector Conduct Authority (FSCA) | Regulated | Financial Service | South Africa | 51886 |
Market Instruments
EC Markets offers a diverse selection of over 100 instruments for trading. This wide range includes foreign exchange spot standard contracts, commodity spot standard contracts (gold, silver, WTI, Brent, natural gas), index contracts, cryptocurrency spot contracts, and the US dollar index. The availability of these instruments provides traders with ample opportunities to engage in different markets and sectors, enabling them to diversify their investment portfolios.
Spreads and Commissions
EC Markets provides competitive spreads on both their ECN and Pro account types, starting from 0.0 pips.
Trading Accounts
EC Markets offers two account types: STD and ECN, catering to traders of different levels.
The STD Account is ideal for experienced traders, providing access to forex, commodities, indices, and the US dollar index. Spreads start from 1.0 pips, with leverage up to 500:1 for forex and metals, and 200:1 for crude oil. The minimum order size is 0.01 lot, with unlimited maximum orders.
The ECN Account targets professionals, offering the same instruments but with tighter spreads from 0.0 pips. Leverage, order size, and risk levels are identical to the STD Account, ensuring flexibility and competitive conditions for all traders.
| Feature | STD Account | ECN Account |
|---|---|---|
| Instruments | Forex, commodity spot contracts (gold, silver, WTI, Brent, natural gas), index contracts, US dollar index | Forex, commodity spot contracts (gold, silver, WTI, Brent, natural gas), index contracts, US dollar index |
| Spread | From 1.0 pips | From 0.0 pips |
| Leverage | Forex: 500:1, Metal: 500:1, Crude Oil: 200:1 | Forex: 500:1, Metal: 500:1, Crude Oil: 200:1 |
| Min. Order Size | 0.01 lot | 0.01 lot |
| Max. Order Size | Unlimited | Unlimited |
| Margin Call | 100% | 100% |
| Stop Out | 50% | 50% |
Trading Platform
EC Markets offers the widely recognized MetaTrader 4 (MT4) platform, known for its popularity and extensive features. MT4 provides traders with a user-friendly interface, making it easy to navigate and execute trades. The platform offers a comprehensive range of technical analysis tools, allowing traders to analyze market trends and make informed trading decisions. Additionally, MT4 grants access to a large community of traders and experts, enabling knowledge-sharing and the use of custom indicators, plugins, and expert advisors. However, there are certain limitations to consider. MT4 has relatively limited customization options compared to other platforms, and it requires installation on a device, which may limit accessibility for traders on the go.
Maximum Leverage
EC Markets offers a maximum leverage of up to 500:1 for forex and metal trading, and 200:1 for crude oil trading. This high leverage provides traders with increased trading power, allowing them to open larger positions and potentially generate higher returns on successful trades. It offers flexibility to diversify trading strategies and access larger market exposure.
Deposit and Withdrawal
EC Markets offers a range of deposit and withdrawal options to cater to the needs of its clients. Traders can choose from various payment methods such as Union Pay, OTC365, Tether, wire transfer, and local payment options like THAI QR payment and VN PAY. These multiple payment options provide convenience and flexibility for traders to fund their accounts and withdraw their profits.
Customer Service
EC Markets offers multiple channels for customer care, allowing traders to connect with the company and seek assistance. Traders can contact the customer support team through phone at +248 422 4099 or via email at support@ecmarkets.sc. Additionally, EC Markets maintains a presence on various social media platforms such as Facebook, Twitter, LinkedIn, YouTube, and Instagram, providing an avenue for traders to engage and interact with the company.
Conclusion
Overall, EC Markets offers a wide range of trading instruments, multiple account types, and various deposit and withdrawal options. The platform also provides educational resources and a demo account for traders to practice their skills. Additionally, the customer support team is available through various channels. However, some traders may find the lack of regulation and limited trading platforms as a disadvantage. The company also has some mixed reviews online regarding their services.
News
News EC Markets Redesigns its Logo & Expands Globally
EC Markets recently unveiled a new logo as part of its rebranding effort. The updated logo reflects the company's modernized image and commitment to innovation in the financial industry.
2024-08-08 20:10
News Ec Markets Review: A Reliable Broker with Top-tier Regulation
Trade confidently with Ec Markets, a regulated broker offering tight spreads, diverse instruments, and reliable funding methods. Discover more now!
2024-07-18 12:35
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