EcoMarkets

Note: EcoMarkets' official website: https://ecomarkets.com/ is currently inaccessible normally.

EcoMarkets Information

EcoMarkets is trading platform registered in Netherlands that lacks regulation and transparency concerning its ownership and operating address, raising significant red flags. It offers trading in Bitcoin, Ethereum, providing a leverage ratio of 1:3 and requiring a high minimum deposit of $250.

Pros & Cons

Pros

• Educational Resources Available: EcoMarkets provides videos, e-books, and market news updates, which can be beneficial for traders looking to enhance their knowledge and skills.

Cons

• Lack of Regulation: EcoMarkets operates without oversight from any financial authorities, potentially exposing investors to fraudulent activities or inadequate security measures.
• High Withdrawal Fees: The withdrawal fees imposed by EcoMarkets are high, sometimes reaching as much as 20%, essentially discouraging traders from making any withdrawals at all.
• High Minimum Deposit: EcoMarkets requires a relatively high minimum deposit, set at $250. This amount limits investors with smaller budgets or those who want to start with a modest amount.

Is EcoMarkets Legit？

EcoMarkets is not a legitimate broker. It is unregulated, meaning it lacks oversight from any recognized financial authority, which poses significant risks to investors. The platform falsely claims to be operated by OXILIAN DEV WORKS LTD., a company that doesn't exist, and provides a fake address in Amsterdam. It is strongly advised to avoid this broker and opt for regulated alternatives that ensure investor protection and transparency.

Market Instruments

EcoMarkets offers a focused selection of cryptocurrencies and related services. The cryptocurrencies available on EcoMarkets include:

Bitcoin: A widely recognized and utilized cryptocurrency known for its decentralized nature and role as a digital store of value and medium of exchange.

Ethereum: Noted for its smart contract functionality, Ethereum supports decentralized applications and facilitates the creation and deployment of tokens beyond simple currency transactions.

Account Types

Leverage

EcoMarkets offers leverage 1:3. This means that traders can control a position 3 times the amount of their deposited funds. For instance, with an initial investment of $1,000, traders can control $3,000 in the market. This lower leverage ratio reduces the potential for amplified losses compared to higher leverage options like 1:400. However, it still allows traders to magnify their potential profits relative to their initial investment.

Customer Support

• Telephone: For any inquiries, clients can dial +44 7477545085 and get assistance promptly.
• Email: EcoMarkets offers email support at support@ecomarkets.com.
• Live Chat: EcoMarkets provides a live chat service available 24 hours a day, 5 days a week.

Conclusion

EcoMarkets is a Netherlands registered trading platform, with comprehensive educational resources. However, an overall assessment of EcoMarkets reveals multiple issues. The company lacks regulation, fails to provide transparent ownership informationand a genuine business address, creating significant uncertainty and risk for investors. Overall, investors should exercise caution and avoid unregulated brokers to ensure fund security and investment protection.

Frequently Asked Questions (FAQs)

Is EcoMarkets suitable for beginners trading Forex？

No, EcoMarkets is not an advisable option for beginners as it is unregulated by any official authorities.

What is the leverage offered by EcoMarkets ？

EcoMarkets offers leverage of 1:3 for all its account types.

How much is the minimum deposit of EcoMarkets ？

$250.

Does EcoMarkets provide demo accounts.

No, EcoMarkets didn't explicitly mention providing a demo account.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.