According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MetaTrader4
- FCA
- FSA
- and FSC
Our Evaluation of Ec Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Ec Markets is a moderate-risk broker with the TU Overall Score of 5.17 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Ec Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Ec Markets targets cost-conscious traders with low trading fees. Spreads start from 0 pips with a $3 commission per lot on their ECN account, and from 1.2 pips on the Standard account with no additional fees. Deposits and withdrawals are also free. The broker offers 100% transparent conditions with a wide range of instruments and high leverage up to 1:500. However, it's important to note that high leverage can magnify both profits and potential losses. This feature is best suited for experienced traders who understand the risks involved. Ec Markets primarily uses the popular MetaTrader 4 platform and provides basic educational resources along with standard analytical tools like technical indicators. While Ec Markets offers limited educational resources and basic analytical tools, their focus on low fees and a user-friendly platform makes them a good option for beginners starting with a smaller investment.
Brief Look at Ec Markets
Ec Markets offers trading currency pairs and CFDs on cryptocurrencies, indices, metals, and crude oil. Traders can choose from a demo account and two live account types, all accessible through the MetaTrader 4 platform. Spreads start from 0 pips and fees vary depending on the chosen account type. The minimum order size is 0.01 lots. Deposit and withdrawal methods include bank transfers, bank cards, and popular online payment systems. The only available additional income option is a partnership program. The broker’s website contains newsfeeds, an economic calendar, a Forex glossary, and a structured collection of articles on the basics of trading. Technical support is available 24/5.
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- A free demo account and live accounts with a minimum deposit of $10;
- Spreads range from 0 pips to 1.2 with commissions up to $3 per lot depending on the account type;
- Diverse asset pool;
- Fee-free deposits and withdrawals are made via the most popular methods;
- Micro lot trading and no restrictions on methods and strategies;
- MetaTrader 4 trading platform is intuitive, offers numerous features, and is customizable with free plugins;
- Technical support is available via phone, email, and a ticket system.
- No copy trading or joint accounts;
- Only MT4 is supported;
- Regional restrictions apply.
TU Expert Advice
Author, Financial Expert at Traders Union
Ec Markets provides a range of trading services that include currency pairs and CFDs on cryptocurrencies, indices, metals, and crude oil. The broker offers the Standard account with a minimum deposit of $10 and spreads starting from 1.2 pips, and the ECN account with spreads from 0 pips and a $3 commission per lot. MetaTrader 4 is the exclusive trading platform, offering a user-friendly and customizable interface, supplemented by free educational resources and analytical tools. The broker provides fee-free deposits and withdrawals, and leverage up to 1:500.
Despite these advantages, Ec Markets faces drawbacks such as limited educational resources and the absence of copy trading features, which may not be suitable for traders who prioritize advanced tools. Additionally, the broker's regional restrictions and sole support for MetaTrader 4 may restrict its appeal. Overall, Ec Markets may be suitable for cost-conscious traders who prioritize low trading fees and a straightforward platform, while experienced traders may find the lack of advanced resources a consideration.
Ec Markets Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | MetaTrader 4 |
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📊 Accounts: | Demo, STD, and ECN |
💰 Account currency: | USD |
💵 Deposit / Withdrawal: | Bank cards, bank transfers, and online payment systems |
🚀 Minimum deposit: | $10 |
⚖️ Leverage: | Up to 1:500 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 lots |
💱 EUR/USD spread: | 0,1 pips |
🔧 Instruments: | Currency pairs and CFDs on indices, metals, commodities, and cryptocurrencies |
💹 Margin Call / Stop Out: | 100%/50% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Market |
⭐ Trading features: |
Free demo account and two live account types; Low initial threshold for the STD account; Competitive trading fees; Significant leverage; Various assets; News, analytics, economic calendar, and educational materials; Partnership program. |
🎁 Contests and bonuses: | Rebates from Traders Union |
As a rule, if brokers have several live account types, the minimum deposit requirements for them vary. Ec Markets offers two live account types: STD and ECN. To open the STD account, a minimum of $10 is required, while a deposit for the ECN account starts from $2,000. Leverage depends on the tradable asset. It is up to 1:500 for most instruments and up to 1:200 for crude oil. Technical support is available 24/5 via call center, email, and tickets on the website.
Ec Markets Key Parameters Evaluation
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Trading Account Opening
To start working with Ec Markets, go to its website, register there, and pass verification. Next, open an account, make a deposit, and install the trading platform. To eliminate any questions, TU experts prepared a step-by-step guide and described the main features of the user account.
Go to the Ec Markets' official website. In the upper right corner, choose the preferred language and click the “Start Trading” or “Create an Account” button.
Provide your email, make a password, and enter it twice. Request a confirmation code to your email. Enter the code in the corresponding field and click the “Register” button.
Enter an invitation code, if any, and click the “Confirm” button. Otherwise, click the “Skip” button to proceed.
Click the “Open a Live Account” button. Enter your first and last names, gender, date of birth, country of residence, and phone number. Carefully read the terms and conditions. Agree to them and confirm the accuracy of your information by checking the corresponding boxes. Click the “Next” button.
Answer the provided questions and click the “Next” button.
Choose your ID document type. Upload its scan/image carefully following instructions. Click the “Next” button.
Confirm your residency by uploading a scan/image of a required document. Carefully read the comments and click the “Confirm” button.
Once the broker verifies the documents, choose the account parameters within your user account dashboard.
Go to the Deposit section. Choose the account type and a deposit method. Note that available methods may vary by region. To deposit funds, follow the on-screen instructions.
Download MetaTrader 4 from the broker’s website or the MT portal. Install it to your device and start trading.
Additional features of Ec Markets’ user account allow traders to:
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Access aggregated data on active accounts and allow traders to open and close accounts.
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Deposit funds to their accounts.
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Withdraw funds.
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Make internal transfers between live accounts.
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The list of current trades and the archive of operations on all accounts, including closed ones.
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Access integrated economic calendar useful for forecasting.
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Access general newsfeeds containing expert opinions.
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Edit their data and set security parameters.
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Access detailed FAQs and channels to contact technical support.
Regulation and safety
Ec Markets has a safety score of 8.4/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record of less than 8 years
Ec Markets Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
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Financial Services Commission of Mauritius | Mauritius | No specific fund | Tier-3 |
|
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
Ec Markets Security Factors
Foundation date | - |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Ec Markets have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No withdrawal fee
- Above-average Forex trading fees
- Deposit fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Ec Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Ec Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Ec Markets Standard spreads
Ec Markets | Pepperstone | OANDA | |
EUR/USD min, pips | 1,0 | 0,5 | 0,1 |
EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
GPB/USD min, pips | 1,2 | 0,4 | 0,1 |
GPB/USD max, pips | 1,3 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Ec Markets RAW/ECN spreads
Ec Markets | Pepperstone | OANDA | |
Commission ($ per lot) | 3,0 | 3 | 3,5 |
EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
GBP/USD avg spread | 0,3 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Ec Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Ec Markets Non-Trading Fees
Ec Markets | Pepperstone | OANDA | |
Deposit fee, % | 0-4 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Once traders learn general trading conditions, they proceed to choose an account type. Ec Markets offers two live accounts that differ in initial deposit requirements, spreads, and commissions per lot, while leverage, available assets, the trading platform, and deposit/withdrawal methods are the same. The STD account offers spreads from 1.2 pips with no trading fee. The ECN account charges a commission of $3 per lot but spreads here start from 0 pips. The broker positions the STD account as a versatile option for novice and experienced traders, while ECN is designed for professionals. Therefore, when choosing an account type, traders rely on their experience, trading preferences, and goals.
Account types:
Traders who have never worked with a chosen broker, register a demo account first to explore its conditions without financial risks. Then, based on their preferences, they open one of the available live account types and start executing real trades.
Deposit and withdrawal
Ec Markets received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Ec Markets offers limited payment options and accessibility, which may impact its competitiveness.
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- No withdrawal fee
- BTC payments not accepted
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Ec Markets deposit and withdrawal options?
Ec Markets offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making Ec Markets less competitive for those seeking diverse payment options.
Ec Markets Deposit and Withdrawal Methods vs Competitors
Ec Markets | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are Ec Markets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Ec Markets supports the following base account currencies:
What are Ec Markets's minimum deposit and withdrawal amounts?
The minimum deposit on Ec Markets is $10, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Ec Markets’s support team.
Markets and tradable assets
Ec Markets offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 64 Forex pairs.
- 64 supported currency pairs
- Indices trading
- Limited asset selection
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Ec Markets with its competitors, making it easier for you to find the perfect fit.
Ec Markets | Plus500 | Pepperstone | |
Currency pairs | 64 | 60 | 90 |
Total tradable assets | 100 | 2800 | 1200 |
Stocks | No | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | No | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products Ec Markets offers for beginner traders and investors who prefer not to engage in active trading.
Ec Markets | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | No | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Customer support
Traders often have questions due to the lack of knowledge or insufficient information on the broker’s website. Sometimes there occur non-standard trading situations that users cannot solve themselves. With any such issues, traders may contact technical support. Ec Markets offers 24/5 support available via email, phone, or website tickets.
Advantages
- Three communication channels
- Round-the-clock availability
- Managers are competent and prompt
Disadvantages
- Support cannot be reached on weekends
Existing clients and non-registered users can contact technical support with any questions.
Available communication channels are:
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Call center;
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Email;
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Tickets.
The broker has its official profiles on Facebook, Twitter (X), LinkedIn, YouTube, and Instagram, where it is also possible to contact technical support.
Contacts
Registration address |
Suite 4B, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles. 30 City Road,EC1Y 2AY, London, United Kingdom. Silicon Avenue, 40 Cybercity the Cyberati Lounge, c/o Credentia International Management Ltd, Ground Floor, the Catalyst 72201, Ebene, Mauritius. |
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Regulation | FCA, FSA, and FSC |
Official site | https://www.ecmarkets.net/ |
Contacts |
+248 422 4099
|
Education
Ec Markets offers educational resources to support traders at various experience levels. These resources include a Forex glossary and a training course with thematic articles. While Ec Markets' educational resources are not as extensive as some brokers, the provided glossary and thematic articles can be a helpful starting point for understanding financial markets.
Since Ec Markets’ educational materials are designed for novice traders, experienced users may not find any useful information on its website. This is not a disadvantage, as only a few brokers enhance the skills of professional users.
Comparison of Ec Markets with other Brokers
Ec Markets | Eightcap | XM Group | RoboForex | TeleTrade | 4XC | |
Trading platform |
MetaTrader4 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | MT5, MT4, WebTrader |
Min deposit | $10 | $100 | $5 | $10 | $10 | $50 |
Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | 10.00% | 1.00% | No |
Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.2 points | From 0 points |
Level of margin call / stop out |
100% / 50% | 80% / 50% | 100% / 50% | 60% / 40% | 70% / 20% | 100% / 50% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | $50 |
Cent accounts | No | No | No | Yes | Yes | No |
Detailed Review of Ec Markets
Ec Markets has established a strong reputation in the global financial market by providing high-quality brokerage services and improving its professional practices. The broker offers a global server network and partners with tier 1 liquidity providers, which guarantees high order execution speed and complete absence of failures. Security is ensured by advanced solutions and methods that meet international security standards. These measures include SSL protocols, authentication tokens, and segregated accounts. Moreover, Ec Markets operates officially under several regulatory licenses.
Ec Markets by the numbers:
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Minimum deposit is $10;
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Spreads start from 0 pips;
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The commission per lot is $3;
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Maximum leverage is 1:500;
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Technical support operates 24/5.
Ec Markets is a well-known broker for novice traders and professional market participants
The broker offers profitable trading conditions for traders with any experience. First, it has a free demo account and the most popular STD account requires depositing only $10. Second, MetaTrader 4 is one of the most famous trading platforms. Third, beyond currency pairs, the broker’s asset pool includes CFDs on indices, metals, oil, and cryptos. Hence, traders can easily build diversified investment portfolios, where negative trends of one position are offset by the stability and growth of others. Yet, this allows traders to use a wide range of trading strategies. Ec Markets allows its clients to scalp, hedge, trade on news, and use expert advisors. Finally, the broker offers two live account types that differ in spreads and commissions per lot, so traders can choose the best conditions that suit their trading style and preferences.
Useful services offered by Ec Markets:
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Economic Calendar. This is an interactive table featuring economic and political events that can impact the financial market. For each event, a related asset and its expert forecast are provided.
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News and Analytics. The Ec Markets website provides the News section with expert opinions on the most important news. This approach allows traders to stay updated on market trends and make informative decisions.
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Partnership program. This standard referral program offers another source of income. To generate rewards based on a percentage of referral trading fees, partners are required to attract new clients to the broker.
Advantages:
Transparent conditions with all fees known in advance;
Spreads from 0 pips with a $3 commission per lot are one of the most profitable values in the industry;
MetaTrader 4 is fast, intuitive, user-friendly, and customizable with free plugins;
The broker’s pool includes dozens of trading assets;
24/5 technical support is highly rated and prompt.
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