Editor’s Verdict
Overview
Review
Headquarters | Cyprus |
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Year Established | 2011 |
Trading Platform(s) | MetaTrader 4 |
US Persons Accepted? |
ECMarkets is a new Cyprus-based Forex broker whose robust offerings make it a worthwhile option for both new and experienced Forex traders looking for personal attention and a customized trading experience. The website is available in five major languages, including English, Russian, Italian, Spanish and French. During our ECMarkets review we noticed many important aspects of what ECMarkets has to offer. In addition to offering online trading of assets including, Forex, Stocks, Gold and Silver, Oil, Commodities, and others the company also offers excellent trader bonuses. First and foremost, when first opening an account you can get a welcome bonus of up to $2,000, just for signing up! ECMarkets also has great promotions for referring friends and excellent VIP benefits, available to anyone depositing $20,000 or more.
ECMarkets is regulated by CySec and strives to maintain the highest level of service adhering to the proper guidelines and Forex regulations. The company offers reasonable trading conditions including 200:1 leverage on all Forex trading, and an Islamic Forex account for any interested traders. The company's clear, organized and well-designed website makes it easy for traders to find what they need, and its Forex education center which was written entirely in-house offers both overviews and specific information about how to trade with technical analysis can make it possible for beginners to start with a solid background.
In conjunction with their explanatory material, we noted during our ECMarkets review that the brokerage also offers regular Forex technical analysis, fundamental, and currency pair trading analysis, as well as live updates on their homepage alerting traders about market fluctuations. Lastly, the company offers live webinars in English to help new traders master the markets. These webinars will soon be available in French and Italian.
For a new broker, we were impressed to see that ECMarkets offers multiple trading platforms, including the coveted downloadable MT4 as well as ECTrader Lite, which is a downloadable platform geared for new traders. New traders may also appreciate the ECPro AutoTrader where they can take advantage of the strategies of other successful traders.
For experienced traders, ECMarkets is one of only a handful of Forex brokers that offers the web-version of the MetaTrader 4 platform, so that trading can be done from anywhere without installing the platform. Likewise, ECMarkets offers mobile Forex trading from iPhones, Androids and other Smartphone devices, so that traders with any type of cell phone will have access to the company's services on the go.
ECMarkets offers several ways to deposit and withdraw money into your account including CashU, an E-Wallet service, Bank Transfer, credit card, Liberty Reserve E-Wallet, WebMoney, and wire transfers. Withdrawals can be done via the same channels.
During our ECMarkets review we also took a good look at the company’s trading conditions, which we found entirely comfortable. In addition to providing Forex trading for over 40 currency pairs (which includes all of the majors as well as numerous exotic pairs), we were comfortable with the broker’s limit of 200:1 leverage which limits loss, as well as their fixed spreads which are competitive and are clearly listed on the site. Gold and silver can be traded on leverage up to 100:1. Commodities, bonds and stock trading is also available via the ECMarkets platform, enabling this brokerage to have one of the widest trade offerings available.
ECMarkets offers mini, standards, and ECVIP accounts, all of which are clearly compared on their website. Mini accounts are open for anyone depositing $100-$2,499, and standard accounts are available for traders depositing $2,500-$19,999. As mentioned earlier, ECVIP accounts are for all traders who deposit $20,000 or more. Traders with all accounts are granted access to the ECMarkets trading room and to regular trading analysis. Standard and ECVIP account holders can also enjoy free Forex signals and news updates, directly to their mobile phones. ECVIP traders will also receive one-on-one trading support and live educational seminars, as well as the highest possible bonuses. For those interested, Islamic Forex accounts are also available.
Have a problem? ECMarkets offers many different possibilities to help you. Their Live Chat Online feature can easily be accessed off the homepage and team members are standing by 24 hours a day, 7 days a week to assist you. With the staff being multilingual, you will not have a problem communicating your concerns and understanding the solutions. ECMarkets also has a list of emails for different departments for more specific issues and a list of numbers by country where they can be reached.
Whether you are a new or seasoned trader, and looking for a safe, secure, and easily accessible Forex broker to work with, ECMarkets may be for you.
Trading Platform
MT4 | |
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MT5 | |
cTrader | |
Proprietary Platform |