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No Regulation
Score
1.47 /10
Danger
ECHForex
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.69
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!
2
Previous Detection :
2024-09-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Note:ECHForex's official website:https://echforex.com is currently inaccessible normally.
| Aspect | Information |
| Company Name | ECHForex |
| Registered Country/Area | Australia |
| Founded Year | 2012 |
| Regulation | Unregulated |
| Account Types | Base,Advanced,Professional Account |
| Deposit & Leverage | Deposit:Base:$500,Advanced,:$1000,Professional:$10000Leverage:Base:1:20,Advanced:1:500,Professional:1:500 |
| Customer Support | Phone:+ 44 (0) 130 23 481Email:support@echforex.com |
ECHForex Information
Founded in 2012 and with headquarters in Australia, ECHForex is an unregistered broker providing three kinds of accounts: Base, Advanced, and Professional. With leverage possibilities of 1:20 for Base and 1:500 for both Advanced and Professional accounts, the minimum deposit requirements are $500 for the Base account, $1000 for the Advanced account, and $10000 for the Professional account. ECHForex offers an email contact at support@echforex.com and a phone line at +44 (0) 130 23 481 for client help.
Is ECHForex Legit or a Scam？
ECHForex is an unregulated broker, hence it does not follow financial regulatory agencies' control, thereby raising risks to investors.
Downsides of ECHForex
ECHForex operates without official regulatory authority, so without uniform financial policies and protections increases investment risk.
The broker does not presently offer any trading tools, which would limit traders' ability to act fast and grab market chances.
The doubtful business scope of ECHForex suggests probable doubts on the legitimacy and openness of its operations.
Account Types
ECHForex has three kinds of accounts:
The base account calls for a minimum deposit of $500 with a 1:20 leverage option.
Two advanced accounts call for a minimum deposit of $1000 and a 1:500 leverage option.
The professional account calls for a minimum deposit of $10000 and a 1:500 leverage option.
Conclusion
Established in 2012, ECHForex is an Australian unregulated broker offering many account types without trading instruments or regulatory supervision. These factors seriously compromise investors, so trading ECHForex becomes risky. Customers should choose authorised brokers with accessible, publicly available information to ensure a safer and more confident trading experience.
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