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No Regulation
Score
1.47 /10
Danger
Ecorefx
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index6.68
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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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Warning: Low score, please stay away!
Previous Detection :
2024-11-15
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: Ecorefx's official website: https://www.ecorefx.com/ is currently inaccessible normally.
| Ecorefx Review Summary | |
| Registered Country/Region | China |
| Regulation | No Regulation |
| Market Instruments | Over 50 trading instruments, including forex pairs, CFDs on stocks, commodities, and indices |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platforms | MT4, MT5 |
| Minimum Deposit | $500 |
| Customer Support | Email: support@ecorefx.com |
Ecorefx is an unregulated brokerage company. It provides access to over 50 trading instruments, including forex pairs and CFDs on stocks, commodities, and indices. It offers four account types and two secure trading platforms: MetaTrader 4 and MetaTrader 5.
Pros and Cons
| Pros | Cons |
| Flexible leverage ratios | Non-functional Website |
| Diverse products | Lack of transparency |
| Offer MT4 & MT5 | No regulation |
| Limited contact channels |
Is Ecorefx Legit?
Currently, Ecorefx lacks valid regulation, and its domain is not yet registered. We recommend considering other regulated brokers for a more secure trading experience.
What Can I Trade on Ecorefx?
There are over 50 trading instruments on Ecorefx, including forex pairs, CFDs on stocks, commodities, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Ecorefx offers four types of accounts: Basic, Premium, Pro, and Enterprise. The required minimum deposits are $500, $1,000, $5,000, and $10,000, respectively.
| Basic | Basic | Pro | Enterprise | |
| Minimum Deposits | $500 | $1,000 | $5,000 | $10,000 |
| Leverage | 1:500 | 1:200 | 1:50 | 1:50 |
Leverage
The leverage for the Basic, Premium, Pro, and Enterprise accounts is 1:500, 1:200, 1:50, and 1:50, respectively. Leverage can amplify profits, but it can also increase the risk of losses.
Trading Platform
EcoreFX claims to offer both MetaTrader 4 and MetaTrader 5, but their website is currently inaccessible, preventing us from verifying this information.
The Bottom Line
Though Ecorefx offers many products, MT4 &MT5, flexible leverage ratios, it is an unregulated brokerage with an inaccessible website. Given the lack of regulation, transparency, and functional customer support, it is not advisable to trade with Ecorefx.
FAQs
Is Ecorefx good for beginners?
No. It is not a good choice for beginners. Not only because of its unregulated condition but also because of its inaccessible website.
Is Ecorefx good for day trading?
Ecorefx offers high leverage that may appeal to day traders. However, the lack of regulation and inaccessible website make it a risky option.
Is it safe to trade with Ecorefx?
No, trading with Ecorefx is not safe due to the lack of regulation and the currently inaccessible website.
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