Abstract: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 | 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 |
No. ECG Brokers has no regulations currently. Please be aware of the risk!
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Stocks | ✔ |
Cryptocurrencies | ✔ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Account Type | Min Deposit |
Standard | $0 |
Raw | $1,000 |
Elite | $10,000 |
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.
Account Type | Spread | Commission |
Standard | From 0.6 pips | ❌ |
Raw | From 0.0 pips | $3 per lot |
Elite | $1.5 per lot |
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Desktop, Android, IOS | Beginners |
MT5 | ✔ | Desktop, Android, iOS | Experienced traders |
ECG Brokers accepts payments via VISA, Mastercard, PayPal, Skrill, and NETELLER.
Admirals restarts EU client onboarding after a 2024 pause, enhancing compliance with CySEC regulations while aiming to boost its forex and CFD market presence.
Pocket Option is considered a beginner-friendly trading platform, providing access to over 100 CFD instruments. Though not in an extensive range, 12 currency pairs, 10 cryptocurrencies, and stock indices are enough for focused and efficient trading. Particularly, forex trading starts at $10, perfectly fit for beginners' trading styles. Besides, Pocket Option provides a free demo account with virtual funds of $50,000 to give users risk-free practice. Though Pocket Option introduces commission-free option trading, they are less competitive in trading costs for other instruments.
Succedo Markets is a relatively new player in the forex and CFD brokerage arena, with approximately 1–2 years of trading experience. Registered in Saint Lucia and operating in the UAE, this broker has quickly made headlines for its unconventional approach and risk profile.
OlympTrade is a relatively young online broker registered in Saint Vincent and the Grenadines, a shady spot with a booming of unlicensed entities. Tradable assets on the OlymTrade are not extensive, and this broker does not tell many essential trading conditions. As for trading platforms, I found trades can only operated on a simple web-based trading platform, no Metatrader platform at all.