Ec Markets Review

Category: Reviews | Author: Trading Brokers | Date: January 1, 2024

Curious about Ec Markets? You’ve come to the right place. This trading broker, founded in 2008, has been making waves with its low spreads, two account types, and a variety of financial instruments. Regulated by the FCA, FSC, and FSA, Ec Markets offers a secure and user-friendly experience. They’ve got a range of funding methods and tools to help traders make informed decisions. But before we dive into the details, here’s a heads up: there’s more to Ec Markets than meets the eye. So, stick around to uncover the good, the bad, and everything in between. Now, let’s explore what Ec Markets has to offer!

Pros & Cons

  • They offer a wide range of financial instruments to trade with
  • Ec Markets keeps client funds in segregated accounts, providing an extra layer of security
  • They offer MetaTrader as a trading platform, which is widely recognized and used in the industry
  • The initial capital required to start trading is low, making it accessible for many traders
  • The range of educational resources could be more extensive to better support beginner traders
  • The spreads are marked up, which could impact trading costs
  • While they offer a variety of funding methods, not all are instant and some may come with fees

Summary

Ec Markets Overview

Ec Markets Overview

Ec Markets, founded in 2008, is a trading broker headquartered in London. They offer a fast and transparent execution for an enhanced trading experience. They provide swift and convenient deposits and withdrawals, with spreads from as low as zero. They offer two account types, the ECN account for professional traders and the STD account for experienced market players making their way to forex heights. They offer a variety of financial instruments including Forex, Crude oil, Precious Metals, Indices, and Cryptocurrencies CFD.

Ec Markets is regulated by the Financial Conduct Authority (FCA), the Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA). They have trading addresses in London, United Kingdom, Ebene, Mauritius, and Mahe, Seychelles.

They offer a variety of funding methods, including instant deposits with zero fees in various currencies. They also provide a range of tools including news and an economic calendar to help traders stay informed and make better trading decisions.

However, it’s important to note that the information on their website does not apply to residents in the UK, EU, and USA, or those who use this information in violation of local laws and regulations. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

So, Ec Markets is actually regulated by three different authorities. First off, we have Ec Markets Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA), with License No. SD009. It’s also registered with the Registrar of Companies in Seychelles under the number 8413793-1.

Then, we have Ec Markets Group Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, with the FRN: 571881. It’s also incorporated in England and Wales (No. 07601714).

Lastly, Ec Markets Limited is also authorized and regulated by the Mauritius Financial Services Commission (FSC), with License No. GB2100130. It’s incorporated in the Republic of Mauritius, (No. CN188565 GBC).

So, as you can see, Ec Markets is pretty well-regulated, which is always a good sign when you’re looking for a reliable broker. But remember, it’s always a good idea to explore all your options before making a decision. So, please see a list of regulated brokers for some alternative options.

Platforms & Tools

Ec Markets has a wide list of platforms and tools for traders. Their platforms are;

  • MetaTrader 4: Ec Markets offers MetaTrader 4 as one of its trading platforms. This platform is widely recognized in the trading community for its user-friendly interface and comprehensive features. It’s designed to provide traders with everything they need to analyze the markets, place trades, and manage their accounts. Whether you’re a beginner or an experienced trader, MetaTrader 4 offers a flexible and reliable trading environment.
MT4 & MT5 Platforms

MT4 & MT5 Platforms

  • MetaTrader 5: In addition to MetaTrader 4, Ec Markets also provides access to MetaTrader 5. This platform is an upgraded version of MetaTrader 4, offering more features and tools. It’s designed to enhance your trading experience with improved charting capabilities, more timeframes, and advanced market analysis tools. If you’re looking for a platform that offers a bit more than MetaTrader 4, MetaTrader 5 could be a good fit for you.

Now, let’s talk about the tools. Ec Markets provides a couple of handy ones such as;

  • News: Staying updated with the latest financial news is crucial for successful trading. Ec Markets understands this and provides a news tool to keep traders informed. This tool provides real-time updates on significant financial events and market changes, helping traders make informed decisions based on the latest information.
  • Economic Calendar: Ec Markets also offers an economic calendar tool. This tool provides a schedule of major economic events that could impact the markets. It’s a valuable resource for traders who base their strategies on economic news and events. By keeping an eye on the economic calendar, traders can anticipate market movements and plan their trades accordingly.

Education

They’ve got a couple of things that can really help you out if you’re looking to learn more about trading. These include;

  • Forex Glossary: Ec Markets provides a Forex Glossary as part of its educational resources. This glossary is essentially a comprehensive dictionary of trading terms. It’s an excellent tool for both beginners who are new to Forex trading and experienced traders who might need a quick refresher on specific terms. Understanding the jargon is a crucial part of trading, and this glossary can help traders navigate the often complex language of the Forex market.
  • Course: In addition to the Forex Glossary, Ec Markets also offers a Course. While the specifics of this course are not detailed, it’s likely designed to provide a comprehensive understanding of trading. The course could cover a range of topics, from basic trading principles to more advanced strategies. This educational resource can be particularly beneficial for traders looking to expand their knowledge and improve their trading skills.

It might be beneficial to seek additional educational resources from more established and reputable sources.

Markets

Ec Markets has got a pretty good selection of instruments, so you’ve got plenty of options to choose from.

  •  Forex Pair: First up, they offer Forex pairs. This means you can trade different currencies against each other. It’s a huge market and it’s open 24 hours a day during the week, so you can trade pretty much whenever you want.
  •  Precious Metal: Next, they offer precious metals. This includes things like gold and silver. These can be a good option if you’re looking to diversify your portfolio.
  •  Crude Oil: Ec Markets also lets you trade crude oil. This is a commodity that can be influenced by a lot of different factors, so it can be an interesting one to trade.
  •  Indices: They also offer indices. This means you can trade on the performance of a group of stocks, rather than buying individual stocks. It’s a way to get exposure to a particular stock market or sector.
  •  Cryptocurrency CFDs: Lastly, they offer cryptocurrency CFDs. This means you can speculate on the price of cryptocurrencies like Bitcoin without actually owning the coins themselves.

So, as you can see, Ec Markets offers a wide range of markets to trade in. Whether you’re into Forex, commodities, indices, or cryptocurrencies, they’ve got you covered.

Accounts

Let’s talk about the account types that Ec Markets offers. They’ve got two main types of accounts that cater to different kinds of traders.

  • ECN Account: This one’s for the professional traders who are after the best trading conditions. The spread starts from 0.0 pips, which is pretty tight. The leverage for Forex and Metal is 500:1, and for Crude Oil, it’s 200:1. The minimum order size is 0.01 lot, and the maximum order size is unlimited. The margin call is at 100%, and the stop out is at 50%.
  • STD Account: This account is designed for experienced traders who are making their way to Forex heights. The spread starts from 1.2 pips. The leverage for Forex and Metal is the same as the ECN account, 500:1, and for Crude Oil, it’s 200:1. The minimum and maximum order sizes are the same as the ECN account, 0.01 lot and unlimited, respectively. The margin call and stop out are also the same, at 100% and 50% respectively.

So, whether you’re a seasoned pro or an experienced trader looking to reach new heights, Ec Markets has got an account that suits your needs.

Funding

Ec Markets. They offer a variety of funding methods, making it easy and convenient for you to get started.

  • UnionPay: This is a popular payment method, especially in China. It’s quick and easy to use, making it a good option if you’re looking for a hassle-free way to fund your account.
  •  OTS365: This is another payment method that Ec Markets accepts. It’s a secure and reliable way to transfer funds into your trading account.
  • Bank Wire Transfer: This is a traditional and secure way to transfer funds. It might take a bit longer compared to other methods, but it’s a good option if you’re transferring large amounts of money.
  • POLi: This is an online payment method that allows you to pay directly from your bank account. It’s quick, easy, and you don’t need a credit card.
  • Bank Transfer Malaysia: This is a method of transferring funds from one bank account to another within Malaysia. It’s a common method used in the region.
  • VN Pay: This is a popular payment method in Vietnam. It’s a local payment option that allows users to make transactions quickly and securely.
  • Thai QR Payment: This is a payment method used in Thailand. It allows consumers to pay for goods or services by scanning QR codes with their mobile applications.
  • Pembayaran Bank ATM: This is an Indonesian payment method that allows users to make transactions through ATM machines. It’s a common method used in the region.

It’s important to note that the availability of these payment methods can depend on the specific services, platforms, or regions involved. Therefore, if a service or platform doesn’t include these payment methods, it might be due to regional restrictions, the nature of the service, or the preferences of the service provider.

Conclusion

In conclusion, Ec Markets offers a variety of features and services for traders, including multiple account types, a range of markets to trade in, and various funding methods. They also provide educational resources and trading platforms like MetaTrader 4 and MetaTrader 5. However, it’s worth noting that while Ec Markets offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading brokers reviews.

Ec Markets Logo

$10

EC Markets is the trading name of EC Markets Group Ltd, which is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, the Financial Services Authority (FSA) in Seychelles, and the Mauritius Financial Services Commission (FSC). The platform offers fast and transparent execution, swift and convenient deposits and withdrawals, and responsive customer support

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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