Abstract:ECG Brokers is an unregulated broker registered in Mauritius, offering trading in forex, stocks, cryptocurrencies, commodities, and indices with leverage up to 1:500 and spread from 0.6 pips via the MT5 platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.
Note: MorsPrime's official website - https://www.ecgbrokers.com is currently inaccessible normally.
ECG Brokers Review Summary | |
Founded | / |
Registered Country/Region | Mauritius |
Regulation | Unregulated |
Market Instruments | Forex, stocks, cryptocurrencies, commodities, and indices |
Demo Account | ✅ |
Leverage | Up to 1:500 |
Spread | From 0.6 pips (Standard account) |
Trading Platform | MT5 |
Min Deposit | $0 |
Customer Support | Email: clientsupport@ecgbrokers.com |
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ECG Brokers is an unregulated broker registered in Mauritius, offering trading in forex, stocks, cryptocurrencies, commodities, and indices with leverage up to 1:500 and spread from 0.6 pips via the MT5 platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.
Pros | Cons |
Diverse tradable asset classes | Inaccessible website |
Demo accounts | Unregulated |
Multiple account types | Only email support |
Tight spreads | |
Commission-free accounts offered | |
MT5 trading platform | |
No minimum deposit | |
Popular payment options |
No. ECG Brokers has no regulations currently. Please be aware of the risk!
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Stocks | ✔ |
Cryptocurrencies | ✔ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Account Type | Min Deposit |
Standard | $0 |
Raw | $1,000 |
Elite | $10,000 |
The leverage of ECG Brokers can be up to 1:500 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Account Type | Spread | Commission |
Standard | From 0.6 pips | ❌ |
Raw | From 0.0 pips | $3 per lot |
Elite | $1.5 per lot |
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop, Android, IOS | Beginners |
MT5 | ✔ | Desktop, Android, iOS | Experienced traders |
ECG Brokers accepts payments via VISA, Mastercard, PayPal, Skrill, and NETELLER.
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According to the Broker, The website (https://mcmarkets.com) is owned and operated by MAGIC COMPASS GLOBAL LIMITED and MAGIC COMPASS LTD. MAGIC COMPASS GLOBAL LIMITED is a registered entity in Seychelles registered at IMAD Complex, Office 12, 3rd Floor, Ile Du PORT, Mahe, Seychelles, Registration Number: 8434985-1