ECHForex

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

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.

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.

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.