ECHForex
Abstract：ECHForex is a broker. The tradable instruments with a maximum leverage of 1:500 include Brent crude oil, Dow Jones, bitcoin, EUR/USD, and Boeing. ECHForex is still risky due to its unregulated status, high leverage, and inaccessible office websites.
| ECHForexReview Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Australia |
| Regulation | Unregulated |
| Market Instruments | Brent Crude Oil, Dow Jones, Bitcoin, EUR/USD, and Boeing |
| Demo Account | Not mentioned |
| Leverage | Up to 1:500 |
| Spread | Not mentioned |
| Trading Platform | Not mentioned |
| Min Deposit | Not mentioned |
| Customer Support | Phone: +44(0)130 23 481 |
| Email: support@echforex.com | |
ECHForex Information
ECHForex is a broker. The tradable instruments with a maximum leverage of 1:500 include Brent crude oil, Dow Jones, bitcoin, EUR/USD, and Boeing. ECHForex is still risky due to its unregulated status, high leverage, and inaccessible office websites.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Unregulated |
| Various instruments | Inaccessible office website |
| Unspecific information |
Is ECHForex Legit?
ECHForex is not regulated, even though it claims to be regulated by ASIC, DFSA, SCB, and FCA. However, an unregulated broker is not as safe as a regulated one.
What Can I Trade on ECHForex?
Traders can choose different investment directions because the broker provides Brent crude oil, Dow Jones, bitcoin, EUR/USD, and Boeing.
| Tradable Instruments | Supported |
| Brent Crude Oil | ✔ |
| Dow Jones | ✔ |
| Bitcoin | ✔ |
| EUR/USD | ✔ |
| Boeing | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
ECHForex has account types: Base, Advanced, and Professional. Traders who want both low spreads and low leverage can choose a base account and those with sufficient budget can open a professional account.
| Account Type | Base | Advanced | Professional |
| Minimum deposit | $500 | $1000 | $10000 |
| Leverage | 1:20 | 1:500 | 1:500 |
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Customer Support Options
ECHForex supports 24-hour personal support and traders can contact ECHForex via phone and email.
| Contact Options | Details |
| Phone | +44 (0) 130 23 481 |
| support@echforex.com | |
| Supported Language | English/Chinese |
| Website Language | English/Chinese |
| Physical Address | 23, Sturt Street, Melbourne, Vlc 3008, Australia |
Read more
What’s the Secret in Trading Chart Behind 90% Winning Trades?
Discover the secret to 90% winning trades with chart patterns, indicators, and pro strategies. Master trading charts for consistent wins!
NovaTech Scam Alert: Avoid Unregulated Forex & Crypto Fraud
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets Review
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.
What Impact on Investors as Oil Prices Decline?
Oil prices have come under pressure amid mounting concerns over U.S. import tariffs and rising output from OPEC+ producers. With tariffs on key trading partners and supply increases dampening fuel demand expectations, investor appetite for riskier assets has cooled. This shift in sentiment poses a range of implications for different segments of the investment landscape.
WikiFX Broker
Latest News
Beware: Online Share Buying Scam Costs 2,791,780 PHP in Losses
WikiFX5 things I wish someone could have told me before I chose a forex broker
WikiFXUnmasking a RM24 Million Forex Scam in Malaysia
WikiFXU.S., Germany, and Finland Shut Down Garantex Over Money Laundering Allegations
WikiFXGold Prices Fluctuate: What Really Determines Their Value?
WikiFXDollar Under Fire—Is More Decline Ahead?
WikiFXWhat Impact on Investors as Oil Prices Decline?
WikiFXPlunging Oil Prices Spark Market Fears
WikiFXCelebrate Ramadan 2025 with WelTrade & YAMarkets
WikiFXWikiFX App Version 3.6.4 Release Announcement
WikiFXRate Calc
