Ecorefx Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-10 17:02

Abstract：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.

　　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.