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ECG Brokers -

Score

1.88 /10
Danger

ECG Brokers

Mauritius

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://www.ecgbrokers.com

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Score

Regulatory Index0.00

Business Index5.56

Risk Management Index0.00

Software Index7.73

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

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40G

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Broker Information

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Company Name

ECG Brokers Limited

Company Abbreviation

ECG Brokers

Platform registered country and region

Mauritius

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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ECG Brokers · Company summary

Note: MorsPrime's official website - https://www.ecgbrokers.com is currently inaccessible normally.

ECG Brokers Review Summary
Founded/
Registered Country/RegionMauritius
RegulationUnregulated
Market InstrumentsForex, stocks, cryptocurrencies, commodities, and indices
Demo Account✅
LeverageUp to 1:500
SpreadFrom 0.6 pips (Standard account)
Trading PlatformMT5
Min Deposit$0
Customer SupportEmail: clientsupport@ecgbrokers.com
Instagram, Facebook, LinkedIn, and Twitter

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.

ECG Brokers' homepage

Pros and Cons

Pros Cons
Diverse tradable asset classesInaccessible website
Demo accountsUnregulated
Multiple account typesOnly email support
Tight spreads
Commission-free accounts offered
MT5 trading platform
No minimum deposit
Popular payment options

Is ECG Brokers Legit?

No. ECG Brokers has no regulations currently. Please be aware of the risk!

No license

What Can I Trade on ECG Brokers?

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on ECG Brokers?

Account Type

Account TypeMin Deposit
Standard$0
Raw$1,000
Elite$10,000
Account comparison

Leverage

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.

ECG Brokers Fees

Account TypeSpreadCommission
StandardFrom 0.6 pips❌
RawFrom 0.0 pips$3 per lot
Elite$1.5 per lot

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Desktop, Android, IOSBeginners
MT5✔Desktop, Android, iOSExperienced traders
MT4/5

Deposit and Withdrawal

ECG Brokers accepts payments via VISA, Mastercard, PayPal, Skrill, and NETELLER.

Payment options

User Reviews

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User comment

5

Comments

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Wilhelmina Featherstonehaugh
more than one year
Approached ECG Brokers cautiously due to the absence of regulation. While the trading options are extensive, transparency issues, limited support channels, and regulatory concerns make it a risky choice.
Approached ECG Brokers cautiously due to the absence of regulation. While the trading options are extensive, transparency issues, limited support channels, and regulatory concerns make it a risky choice.
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2023-12-06 11:01
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 Una丶Daddy
more than one year
Impressed with ECG Brokers' diverse trading options, competitive spreads, and user-friendly MetaTrader platforms. Over a year of trading with them has been fruitful, but the lack of regulation is a concern.
Impressed with ECG Brokers' diverse trading options, competitive spreads, and user-friendly MetaTrader platforms. Over a year of trading with them has been fruitful, but the lack of regulation is a concern.
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2023-12-05 14:00
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