Since ECN Swiss 's official website (https://www.ecnswiss.com/) is temporarily down, we could only piece together a rough picture of xx as a forex broker by gathering relevant information from other websites.
General Information
ECN Swiss is a Germany-registered forex broker, boasting that it providing diversified range of trading instruments to clients, such as Forex, Indices, Commodities and Share CFDs. ECN Swiss provides three trading accounts: Bronze, Gold and Platinum, with the minimum deposit to trade with this broker starting at $500.
ECN Swiss is not authorized or regulated by any regulatory authorities. Please be aware of the risk.
Market Instruments
ECN Swiss provides its clients the opportunity to trade on various financial markets, including Foreign Exchange, Indices, Commodities, Share CFDs.
Account Types
ECN Swiss provides three types of trading accounts, including Bronze, Gold, and Platinum.
To open a Bronze account, an initial deposit of $500 is required, which is much higher than most legit forex brokers requirements for this types of account. The Gold and Platinum accounts are even asking more, from $10,000 and $20,000, respectively.
Leverage
In terms of trading 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.
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.
Spreads & Commissions
Spread is determined by trading accounts: the minimum spread offered by the Bronze account from 1 pips, the Platinum account from 0 pips.
Trading Platform
What ECN Swiss offers is not the MT4 or MT5 trading platform. Please be aware of the risk.
Customer Support
ECN Swiss provides the poor customer support, only an email address provided for clients with any inquiries or trading-related issues to get in touch with this broker.
Here is the email address: support@ecnswiss.com.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
2023-04-23 17:57
