Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
EC Markets Pros & Cons
- 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 Verdict
EC Markets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
EC Markets User Reviews
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5-star
19%
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4-star
38%
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3-star
43%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of EC Markets have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No withdrawal fee
- Deposit fee applies
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Is EC Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria8.4 /10EC 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
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.2 /10EC Markets offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Tight spread ECN account
- Low minimum deposit
- No VIP account option
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.5 /10EC Markets received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4 /10EC Markets offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 64 Forex pairs.
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Trading Account Opening
We successfully registered an account with EC Markets in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at EC Markets is $10.Score:We evaluated Trading Account Opening at EC Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at EC Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.6 /10
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FAQs
What does EC Markets’ regulation and safety profile include?
EC Markets has a safety score of 8.4/10, described as a high security level, and is regulated by the FCA in the UK (Tier-1), as well as by the FSC in Mauritius and the FSA in Seychelles (both Tier-3). The broker provides negative balance protection and requires KYC verification, but its track record is less than 8 years and the foundation date is not specified in the review.
How do the different EC Markets account types compare in terms of trading conditions?
According to the review, EC Markets offers Demo, STD (Standard), and ECN accounts, with the live accounts differing mainly in minimum deposit, spreads, and commissions. The STD account has a $10 minimum deposit with spreads from 1.2 pips and no trading fee, while the ECN account requires a $2,000 minimum deposit, offers spreads from 0 pips, and charges a $3 commission per lot, with no restrictions on trading strategies mentioned.
What do user reviews say about EC Markets overall?
EC Markets has a user satisfaction score of 7.7/10 based on 18 reviews, with 22% 5-star, 39% 4-star, and 39% 3-star ratings, and no 1- or 2-star ratings reported. According to user reviews, the overall tone is mostly positive, though the presence of many 3-star ratings suggests some users see room for improvement.
What deposit and withdrawal options and limits are available at EC Markets?
The review states that EC Markets supports Bank Card and Bank Wire for deposits and withdrawals, with no withdrawal fee but a deposit fee applying, and it does not accept BTC or USDT payments. The minimum deposit is $10 and the minimum withdrawal is $1, and the only specified base account currency is USD, while more detailed conditions by method or region are not specified in the section.
How do traders describe the EC Markets account opening process in reviews and feedback?
The review notes that EC Markets offers a fully online registration with a minimum deposit of $10, and that test registration took about 20 minutes with KYC verification completed in 2 business days. Based on available user reviews in the section, the process is described as accessible and relatively hassle-free, although account approval time may vary depending on the documents provided and registration may sometimes take longer than expected.
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