ECN Swiss -Some Important Details about This Broker

WikiFX | 2024-12-30 15:56

摘要：ECN Swiss is an unregulated broker, providing CFD trading on currency pairs, indices, metals, commodities and stocks with leverage up to 1:500 and spread from 1 pip on the Bronze account via the MT4 and MT5 platforms. The minimum deposit requirement to open a live account is as high as 500 USD.

Note: ECN Swiss's official website - https://www.ecnswiss.com/ is currently inaccessible normally.

ECN Swiss Review Summary
Founded	/
Registered Country/Region	Germany
Regulation	Not regulated
Market Instruments	CFDs on currency pairs, indices, metals, commodities and stocks
Demo Account	/
Leverage	Up to 1:500
Spread	From 1 pip (Bronze account)
Trading Platform	MT4, MT5
Min Deposit	$500
Customer Support	Email: support@ecnswiss.com

ECN Swiss is an unregulated broker, providing CFD trading on currency pairs, indices, metals, commodities and stocks with leverage up to 1:500 and spread from 1 pip on the Bronze account via the MT4 and MT5 platforms. The minimum deposit requirement to open a live account is as high as 500 USD.

Pros and Cons

Pros	Cons
Various trading assets	Unavailable website
Multiple account types	Not regulated
Commission-free accounts offered	High minimum deposit
MT4/5 platform	Only email support
Popular payment options

Is ECN Swiss Legit?

No, ECN Swiss is not regulated. The Spanish financial watchdog (the CNMV), has blacklisted it as a potential scammer. Besides, the Spanish CONSOB also issues a warning of it. Please be aware of the risk!

What Can I Trade on ECN Swiss?

Tradable Instruments	Supported
CFDs	✔
Currency pairs	✔
Indices	✔
Metals	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Bronze	$500
Gold	$10,000
Platinum	$20,000

Leverage

ECN Swiss allows its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Account Type	Max Leverage
Bronze	1:500
Gold	1:400
Platinum	1:300

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spread and Commission

Account Type	Spread	Commission
Bronze	From 1 pip	❌
Gold	Fixed	❌
Platinum	From 0.0 pips	✔

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Desktop, Mobile	Beginners
MT5	✔	Web, Desktop, Mobile	Experienced traders