EC Markets

General Information

EC Markets is a UK-registered brokerage firm that is regulated by reputable authorities such as FCA, FSA, and FSC. With a diverse range of trading instruments, including forex, commodities, indices, cryptocurrencies, and more, EC Markets provides traders with various options to participate in the financial markets. The company offers different types of trading accounts, including STD, ECN, and PRO accounts, each tailored to different trading needs. Traders can benefit from competitive spreads, high leverage options, educational resources, and a demo account for practice.

Regulatory Status

Market Instruments

EC Markets offers a diverse selection of over 100 instruments for trading. This wide range includes foreign exchange spot standard contracts, commodity spot standard contracts (gold, silver, WTI, Brent, natural gas), index contracts, cryptocurrency spot contracts, and the US dollar index. The availability of these instruments provides traders with ample opportunities to engage in different markets and sectors, enabling them to diversify their investment portfolios.

Spreads and Commissions

EC Markets provides competitive spreads on both their ECN and Pro account types, starting from 0.0 pips.

Trading Accounts

EC Markets offers two account types: STD and ECN, catering to traders of different levels.

The STD Account is ideal for experienced traders, providing access to forex, commodities, indices, and the US dollar index. Spreads start from 1.0 pips, with leverage up to 500:1 for forex and metals, and 200:1 for crude oil. The minimum order size is 0.01 lot, with unlimited maximum orders.

The ECN Account targets professionals, offering the same instruments but with tighter spreads from 0.0 pips. Leverage, order size, and risk levels are identical to the STD Account, ensuring flexibility and competitive conditions for all traders.

Trading Platform

EC Markets offers the widely recognized MetaTrader 4 (MT4) platform, known for its popularity and extensive features. MT4 provides traders with a user-friendly interface, making it easy to navigate and execute trades. The platform offers a comprehensive range of technical analysis tools, allowing traders to analyze market trends and make informed trading decisions. Additionally, MT4 grants access to a large community of traders and experts, enabling knowledge-sharing and the use of custom indicators, plugins, and expert advisors. However, there are certain limitations to consider. MT4 has relatively limited customization options compared to other platforms, and it requires installation on a device, which may limit accessibility for traders on the go.

Maximum Leverage

EC Markets offers a maximum leverage of up to 500:1 for forex and metal trading, and 200:1 for crude oil trading. This high leverage provides traders with increased trading power, allowing them to open larger positions and potentially generate higher returns on successful trades. It offers flexibility to diversify trading strategies and access larger market exposure.

Deposit and Withdrawal

EC Markets offers a range of deposit and withdrawal options to cater to the needs of its clients. Traders can choose from various payment methods such as Union Pay, OTC365, Tether, wire transfer, and local payment options like THAI QR payment and VN PAY. These multiple payment options provide convenience and flexibility for traders to fund their accounts and withdraw their profits.

Customer Service

EC Markets offers multiple channels for customer care, allowing traders to connect with the company and seek assistance. Traders can contact the customer support team through phone at +248 422 4099 or via email at support@ecmarkets.sc. Additionally, EC Markets maintains a presence on various social media platforms such as Facebook, Twitter, LinkedIn, YouTube, and Instagram, providing an avenue for traders to engage and interact with the company.

Conclusion

Overall, EC Markets offers a wide range of trading instruments, multiple account types, and various deposit and withdrawal options. The platform also provides educational resources and a demo account for traders to practice their skills. Additionally, the customer support team is available through various channels. However, some traders may find the lack of regulation and limited trading platforms as a disadvantage. The company also has some mixed reviews online regarding their services.