ECG Brokers Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-27 18:25Abstract：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.
Note: MorsPrime's official website - https://www.ecgbrokers.com is currently inaccessible normally.
| ECG Brokers Review Summary | |
| Founded | / |
| Registered Country/Region | Mauritius |
| Regulation | Unregulated |
| Market Instruments | Forex, stocks, cryptocurrencies, commodities, and indices |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.6 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | $0 |
| Customer Support | Email: 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.
Pros and Cons
| Pros | Cons |
| Diverse tradable asset classes | Inaccessible website |
| Demo accounts | Unregulated |
| Multiple account types | Only 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!
What Can I Trade on ECG Brokers?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
| Standard | $0 |
| Raw | $1,000 |
| Elite | $10,000 |
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 Type | Spread | Commission |
| Standard | From 0.6 pips | ❌ |
| Raw | From 0.0 pips | $3 per lot |
| Elite | $1.5 per lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Android, IOS | Beginners |
| MT5 | ✔ | Desktop, Android, iOS | Experienced traders |
Deposit and Withdrawal
ECG Brokers accepts payments via VISA, Mastercard, PayPal, Skrill, and NETELLER.
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