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ECE -

Score

1.50 /10
Danger

ECE

Ethiopia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.ecx.com.et/Pages/Job.aspx

Influence

C

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.94

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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 : 2024-09-25
  • 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

ECE · Company summary

Note: ECE's official website: https://www.ecx.com.et/Pages/Job.aspx is currently inaccessible normally.

ECE Information

Ethiopia Commodity Exchange (ECE) operates as an unregulated brokerage entity registered in Ethiopia.

ECE's homepage

Is ECE Legit？

ECE is not considered legitimate because it operates without oversight from authoritative regulatory bodies. Choosing a trading platform regulated by official institutions is crucial to ensure that investments are protected.

No license

Downsides of ECE

  • Unavailable Website

ECE's website is inaccessible now, hindering users from accessing their accounts and making trade, potentially leading to frustration and issues with fund withdrawals.

  • Lack of Transparency

The lack of transparency in ECE's fees, policies and account type information will be inconvenient for users to trade and make wise decisions and also increase trading risk.

  • Regulatory Concerns

As ECE is unregulated now, it is unsafe for users to trade and is more difficult to get help when they have problems.

Conclusion

Trading with ECE is risky as it is unregulated. It is wise to trade with regulated brokers with transparent information to ensure the safety of your investments.

User Reviews

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User comment

1

Comments

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Sermsak Chaengnet
more than one year
Stay away from this company! At first, it worked out very well, but then the subsequent payment didn't go through. They told me it was processing and after a day it got cancelled and my account got suspended. They didn't even tell me why and I assure you that I didn't do anything to violate their terms.
Stay away from this company! At first, it worked out very well, but then the subsequent payment didn't go through. They told me it was processing and after a day it got cancelled and my account got suspended. They didn't even tell me why and I assure you that I didn't do anything to violate their terms.
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2023-03-15 14:31
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