ECI Markets-Overview of Minimum Deposit, Leverage, Spreads

General Information

ECI Markets is an online forex broker registered in United States, offering diversified range of trading instruments, including Forex, Stocks, Commodities, Indices, and through the leading MT4 trading platform. Investors have the flexibility to choose among Standard, Pro, and Islamic accounts, with the minimum deposit to start with this broker reaching up to $ 250.

Please note that this forex broker is not subject to any valid regulation.

Account Types

ECI Markets offers three trading accounts in total: Standard, Pro and Islamic accounts. To open a standard account, an initial deposit of $250 is required, while traders who want to try out the Pro account needs to fund at least $100,000. Lastly, the Islamic account asks for an initial deposit of $5,000.

Leverage

With the ECI Markets platform, the maximum trading leverage that traders can use is up to 1:500, higher than levels considered appropriate for retail traders by many regulatory authorities.

Please note that high leverage is not always the good thing, as it may increase your profits, but more importantly, it can cause serious fund losses, especially to inexperienced traders.

Spreads & Commissions

Like many forex brokers, spreads and commissions are also determined by trading accounts with the ECI Markets platform. The Standard account and the Islamic accounts offer a commission-free trading environment, accompanied by average spreads, starting at 1.6 pips and 1.2 pips, respectively. The Pro account charge competitive spreads from 0.2 pips, with a commission applied.

Trading Platform

ECI Markets platform provides access to the leading MT4 trading platform, which is among the most popular trading platforms around the world. The MT4 trading platform features multiple technical indicators, market screeners, position calculation tools as well as automated system.

Unfortunately, the ECI MarketsS MT4 cannot be tested, as the platform is not freely available for download from their website.

Deposit & Withdrawal

The minimum deposit is $250. ECI Markets accepts payments via Bank Transfer, Credit/Debit Card and Skrill.

Customer Support

Worryingly, traders with any inquiries or trading-related issues can only get in touch with ECI Markets through email: support@ecimarkets.com.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.