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ECN Swiss Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-30 15:56

Abstract: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.

  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.

Related broker

No Regulation
ECN Swiss
Company name:ECN Swiss
Score
1.53
Website:https://www.ecnswiss.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.53

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