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ECN Swiss -

Score

1.51 /10
Danger

ECN Swiss

Germany

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.ecnswiss.com

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.04

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

ECN Swiss

Company Abbreviation

ECN Swiss

Platform registered country and region

Germany

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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ECN Swiss · Company summary

Note: ECN Swiss's official website - https://www.ecnswiss.com/ is currently inaccessible normally.

ECN Swiss Review Summary
Founded/
Registered Country/RegionGermany
RegulationNot regulated
Market InstrumentsCFDs on currency pairs, indices, metals, commodities and stocks
Demo Account/
LeverageUp to 1:500
SpreadFrom 1 pip (Bronze account)
Trading PlatformMT4, MT5
Min Deposit$500
Customer SupportEmail: support@ecnswiss.com

ECN Swiss is an unregulated broker, providing CFD trading on currency pairs, indices, metals, commodities and stocks with leverage up to 1:500 and spread from 1 pip on the Bronze account via the MT4 and MT5 platforms. The minimum deposit requirement to open a live account is as high as 500 USD.

Pros and Cons

Pros Cons
Various trading assetsUnavailable website
Multiple account typesNot regulated
Commission-free accounts offeredHigh minimum deposit
MT4/5 platformOnly email support
Popular payment options

Is ECN Swiss Legit?

No, ECN Swiss is not regulated. The Spanish financial watchdog (the CNMV), has blacklisted it as a potential scammer. Besides, the Spanish CONSOB also issues a warning of it. Please be aware of the risk!

No license

What Can I Trade on ECN Swiss?

Tradable Instruments Supported
CFDs✔
Currency pairs✔
Indices ✔
Metals ✔
Commodities ✔
Stocks ✔
Cryptocurrencies❌
Bonds❌
Options ❌
ETFs❌

Account Type

Account TypeMin Deposit
Bronze$500
Gold$10,000
Platinum$20,000

Leverage

ECN Swiss allows its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Account TypeMax Leverage
Bronze1:500
Gold1:400
Platinum1:300

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spread and Commission

Account TypeSpreadCommission
BronzeFrom 1 pip❌
GoldFixed❌
PlatinumFrom 0.0 pips✔

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Web, Desktop, MobileBeginners
MT5✔Web, Desktop, MobileExperienced traders

Deposit and Withdrawal

ECN Swiss accepts deposit and withdrawal via Visa, MasterCard, bank wire and WebMoney.

User Reviews

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User comment

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Comments

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FX1478004820
more than one year
I've tried trading with ECN Swiss before and it was mostly good, but man, the withdrawals were a real pain. I had to wait for what felt like ages to get my money after submitting a withdrawal request. Honestly, the waiting game was quite nerve-wracking. Finally, I did receive my money, but I really hope they improve this issue and speed up the whole withdrawal process. It's just not cool to keep people hanging like that.
I've tried trading with ECN Swiss before and it was mostly good, but man, the withdrawals were a real pain. I had to wait for what felt like ages to get my money after submitting a withdrawal request. Honestly, the waiting game was quite nerve-wracking. Finally, I did receive my money, but I really hope they improve this issue and speed up the whole withdrawal process. It's just not cool to keep people hanging like that.
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2023-04-23 17:57
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