EC Markets Broker Review 2024

EC Markets is a London-based brokerageoffering more than 100 assets to trade. In addition, EC Markets broker is licensed by 6 regulators [FCA UK, ASIC Australia e.g].

EC Markets offers 1:500 leverage in its 3 account types [STD, ECN, Pro] with 0.01 lot minimum order.

EC Markets Forex Broker Company Information & Regulation

EC Markets has established itself as a reputable player in the forex and CFD trading industry over the past 12 years. EC Markets boasts an impressive list of regulatory approvals, which adds credibility to its operations:

• Financial Services Authority (FSA) of Seychelles
• Financial Conduct Authority (FCA) in the UK
• Financial Services Commission (FSC) of Mauritius
• Australian Securities and Investments Commission (ASIC)
• Financial Markets Authority (FMA) of New Zealand
• Financial Sector Conduct Authority (FSCA) of South Africa

This multi-jurisdictional regulation ensures that EC Markets adheres to strict financial standards and provides a secure trading environment for its clients across the globe.

Summary of Specifics

EC Markets offers a comprehensive suite of trading services and features designed to cater to the diverse needs of traders. Here's a quick overview of what the broker brings to the table:

What Are EC Markets Account Types?

EC Markets offers three main account types to cater to different trading styles and preferences; EC Markets Broker Accounts:

EC Markets Broker Signing Up & Verification: Easy Registration Guide

Unlike many brokers, EC Markets registration is easy and can be done in 5 minutes if you follow the guide below; EC Markets Sign Up:

1. Visit the EC Markets website and click on "Start Trading"
2. Fill in the registration form with email, password and country of residence
3. Choose your preferred account type (STD,ECN or Pro)
4. Upload the required verification documents (proof of identity and address)
5. Wait for account approval (usually within 24-48 hours)
6. Once approved, fund your account and start trading

EC Markets employs strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to ensure the security and integrity of its trading environment.

Trading Platforms

EC Markets offers two of the most popular trading platforms in the industry beside its proprietary mobile platform:

MetaTrader 4 (MT4)

• User-friendly interface suitable for beginners and advanced traders;
• One-click trading and advanced charting tools;
• Customizable indicators and expert advisors;
• Available for desktop, web, and mobile devices.

MetaTrader 5 (MT5)

• Multi-asset trading platform supporting a wider range of instruments;
• Advanced technical analysis tools and economic calendar;
• Supports algorithmic trading and custom indicators;
• Available for desktop, web, and mobile devices.

Mobile App

• Released for Android and iOS;
• Real time market data;
• Fast execution speed;
• User-friendly interface.

Spreads and Commissions

In EC Markets review we discoved that they offer competitive pricing structures across their account types; EC Markets Broker Fees:

What Deposit & Withdrawal Methods Are Available at EC Markets?

EC Markets supports a variety of payment methods to facilitate easy deposits and withdrawals:

• Union Pay
• OTC 365
• SWIFT
• VN Pay
• POLi

The broker prides itself on offering zero deposit fees and fast withdrawals, with most requests processed within 2 hours. This efficient payment system ensures that traders can quickly access their funds when needed.

Does EC Markets Offers Copy Trade to Its Traders?

Unfortunately, EC Markets does not currently offer copy trading or social trading features. The broker focuses primarily on providing a robust trading environment for self-directed traders.

Bonuses and Promotions

As of the time of writing, EC Markets does not offer any specific bonuses or promotions. The broker focuses on providing competitive trading conditions and reliable services rather than attracting clients through promotional offers.

This approach aligns with regulatory guidelines in many jurisdictions that discourage or prohibit forex trading bonuses.

Customer Support

EC Markets provides 24/5 (Closed on weekends) comprehensive customer support through multiple channels:

• Email: Good for non-urgent inquiries
• Phone: Direct line for urgent inquiries
• Ticket System: For detailed queries and account-specific issues
• Live Chat: Quick responses for general questions

The broker's customer support team is known for its professionalism and quick response times, ensuring that traders can get assistance whenever they need it.

Trust Scores

EC Markets has garnered a respectable reputation in the online trading community. On Trustpilot, the broker maintains a rating of 3.9 out of 5 stars based on 25+ reviews. This score indicates a generally positive sentiment among users, with many praising the broker's:

• Efficient customer support;
• Fast withdrawal processing;
• User-friendly trading platforms;
• Competitive trading conditions.

However, as with any financial service provider, there are also some negative reviews. It's essential for potential clients to conduct their own research and due diligence before opening an account.

TradingFinder Expert Conclusion and Final Words

$10 Minimum deposit, $0 commission and spreads from 0.0 pips are just some of the features of EC Markets. It also offers 1:500 maximum leverage in all of its trading platforms [MT4, MT5, Mobile App].

On the contrary, no social trading, no copy trading and no bonuses are offered by EC Markets.