EC Markets is a forex and CFD broker. This review will take a closer look at EC Markets trading platforms, trading instruments, fees, and customer service.
Quick insights
EC Markets earned a score of 9.0 out of 10. This score reflects its strong rules, many trading options, advanced platforms, and great customer support. This shows that the broker is promising.
However, potential clients should do thorough research first. They should check execution speed and read client reviews before deciding to invest.
EC Markets broker review
With more than ten years of experience in financial markets, EC Markets provides a variety of instruments. These include Forex pairs, crude oil, metals, indices, and cryptocurrencies. EC Markets provides two account types.
They also offer 24/5 award-winning customer support. Their satisfaction rate is 97.32%. This makes them a trusted choice for reliable and efficient trading solutions. EC Markets is regulated by the FCA, FSA, and FSC, and offers trading platforms like MT4 and MT5.
It can be accessible on both mobile and desktop. It also provides a variety of deposit and withdrawal methods. It also provides educational tools such as an economic calendar, news, and more.
How to open an account with EC Markets?
To open an account with EC Markets are as follows.
- Create an account: Register your information to complete our account application.
- Verify identity: Provide necessary documents for account verification.
- Deposit funds: Securely fund your account using our online portal once approved.
- Choose instruments: Explore our wide range of global market instruments to trade.
- Start trading: Begin trading on your desktop or mobile device.
EC Markets regulations
EC Marketsis aregulatedonlinebroker offeringforexand CFDtrading. They areauthorizedbytheFinancial Conduct Authority (FCA), Mauritius Financial Services Commission (FSC), and Seychelles Financial Services Authority (FSA).
Security measures
The security measures of EC Markets are as follows.
- EC Markets holdsfunds in segregated bank accounts with Barclays to protect clients’ money.
- EC Markets is a member of the Financial Services Compensation Scheme (FSCS). This means that if EC Markets becomes insolvent and is unable to pay back your money, you may be eligible for compensation from the FSCS, up to a maximum of £85,000.
- EC Markets provide negative balance protection, meaning your account balance will never go below zero.
EC Markets broker account types
EC Markets review provides two types of accounts. They are as follows.
- ECN account
- STD account
| Features/ Account types | ECN account | STD account |
|---|---|---|
| Spreads | From 0.0 | From 1.0 |
| Trading platform | MetaTrader 4 | MetaTrader 4 |
| Trading instruments | All available | All available |
| Maximum leverage | Forex – 500: 1 Metal – 500: 1 Crude Oil – 200: 1 | Forex – 500: 1 Metal – 500: 1 Crude Oil – 200: 1 |
| Maximum total trade size | Unlimited | Unlimited |
| Trade size increment | 0.01 | 0.01 |
| Maximum simultaneous open orders | 50 lots | 50 lots |
| Fifth decimal | Yes | Yes |
| Margin call / stop out level | 100% / 50% | 100% / 50% |
| Account currency | USD | USD |
| Execution | Market execution | Market execution |
| Personal account manager | Yes | Yes |
| Available manifold trading strategies | Yes | Yes |
| Minimum trade size | 0.01 lots | 0.01 lots |
EC Markets offers flexible leverage options ranging from 2:1 to 500:1, allowing traders to adjust their risk exposure according to their preferences and trading strategies. EC Market’s minimum deposit requirement is $10.
EC Markets demo account
EC Markets demo account remains active as long as you log in regularly. If you don’t log in for 15 days or more, it will expire. You can easily request a new demo account.
EC Markets trading platform
EC Markets offers a variety of trading platforms to suit different needs and preferences. Here are some of the most popular options.
- Meta Trader 4 (MT4)
- Meta Trader 5 (MT5)
Meta Trader 4 (MT4)
The functionality of MT4 is given below.
- Choose from pre-built Expert Advisors (EAs) or create your custom trading strategies.
- Utilize a vast library of technical indicators and back-testing capabilities to refine your strategies.
- Manage risk effectively with over 80 indicators, customizable parameters, and stop-loss/take-profit controls.
- Automate transactions with multi-language support for a seamless trading experience.
- Analyze historical data and stay informed with real-time account status updates.
- Enjoy the flexibility of trading on both desktop and mobile devices.
Meta Trader 5 (MT5)
The features of MT5 are listed below:
- Utilize advanced charting tools for in-depth market analysis.
- Benefit from clear separation of orders and trades for better tracking and control.
- 21 timeframes for detailed price analysis, over 80 technical indicators and tools, and cross-platform compatibility.
- Fundamental analysis with original economic and industrial data.
- Trading signals and Copy Trading for following successful traders.
- Access the platform seamlessly from your web browser, desktop, or mobile device.
EC Markets’ financial assets
With over 150+ trade instruments available, you can find the perfect asset to match your investment goals. They are given below.
- Forex pairs
- Metals
- Crude oil
- Indices
- Cryptocurrencies CFDs
Forex pairs
Experience seamless access to global currency markets with EC Markets.Start trading forex pairs today and explore the potential of the global currency market. The available 48 forex pairs in the EC Markets are given in the tabulation.
| Available forex pairs | ||||
| AUDCAD | EURCHF | EURUSD | GBPZAR | USDJPY |
| AUDCHF | EURGBP | GBPAUD | NOKSEK | USDMXN |
| AUDJPY | EURJPY | GBPCAD | NZDCAD | USDNOK |
| AUDNZD | EURMXN | GBPCHF | NZDCHF | USDPLN |
| AUDUSD | EURNOK | GBPJPY | NZDJPY | USDSEK |
| CADCHF | EURNZD | GBPNOK | NZDUSD | USDSGD |
| CADJPY | EURPLN | GBPNZD | USDCAD | USDTRY |
| CHFJPY | EURSEK | GBPSEK | USDCHF | USDZAR |
| EURAUD | EURSGD | GBPSGD | USDCNH | USDHKD |
| EURCAD | EURTRY | GBPUSD | ||
Metals
Trade precious metals like silver, and spot gold vs the US dollar with EC Markets. Experience competitive trading conditions for precious metals, including tight spreads starting from 0.3 pips on gold, access to both spot gold and silver contracts, and trading against the US dollar. Start trading precious metals today and diversify your portfolio.
Crude oil
Trade Commodities with EC Markets. Capitalize on global market volatility by trading CFDs on leading commodities such as UK Brent (Spot) and WTI Crude Oil Spot vs United States Dollar.
Indices
Trade Indices with EC Markets. Access major global indices such as the US30, Nikkei 225, and ASX 200. The available Indices are given below.
| EC Markets Indices | ||
| UK 100 | D40EUR | US Tech 100 |
| Australia 200 | Europe 50 | Spain 35 Index |
| Japan 225 | CAC 40 | US SPX 500 |
| China A50 | Hong Kong 50 Cash Index | Wall Street 30 |
| US Dollar Index | ||
Cryptocurrencies CFDs
Trade Cryptocurrency CFDs with EC Markets. Discover the benefits of leveraged trading on cryptocurrency CFDs, including trading without owning the underlying cryptocurrency.
It can access a wide range of popular cryptocurrencies such as Bitcoin Cash vs USD, Bitcoin vs USD, Polkadot, EOSUSD, Ethereum vs USD, Litecoin vs USD, and Ripple. Start trading cryptocurrency CFDs today and capitalize on the potential of the crypto market.
Deposit and withdrawal of EC Markets
EC Markets offers a variety of payment and withdrawal methods to cater to the needs of its clients. This analysis provides a detailed overview of the available options, including processing times, fees, and account currencies.
Here is a breakdown of EC Markets’ payment and withdrawal methods, including processing times, fees, and account currencies:
| Payment/ Withdrawal methods | Deposit processing time | Deposit fee | Withdrawal processing time | Exchange rate | Account currency |
|---|---|---|---|---|---|
| Union Pay | Instant | 0% | Less than 2 hours (9:00 to 18:00, GMT+8) Other time: T+1 | Bank of China’s real-time exchange rate | CNY |
| OCT 365 | Instant | 0% | Less than 2 hours (9:00 to 18:00, GMT+8) Other time: T+1 | Real-time rate | CNY |
| Swift wire transfer | T+5 | 0% | T+5 | Real-time rate | USD |
| Indonesia bank ATM | Instant | 0% | T+1 | Real-time rate | IDR |
| Bank transfer Malaysia | Instant | 0% | T+1 | Real-time rate | MYR |
| THAI QR payment | Instant | 0% | T+1 | Real-time rate | THB |
| VN pay | Instant | 0% | T+1 | Real-time rate | VND |
| POLi | 30 min | 4% | T+5 | Real-time rate | NZD |
EC Markets fees and commission
EC Markets offers competitive fees and commissions for its trading services.
Trading fees
- Spread for a standard account: Starts from1.0 pips
- Spread for an ECN account: Starts from 0.0 pips
Non-trading fees
- Deposit fee: No fees
- Withdrawal fee: No fees (bank charges may apply)
Commission
- Commission: $0
- Commission for ECN account: $5 per lot per side
Educational tools
EC Markets news updates keep you updated on important market events. The economic calendar gives real-time data on upcoming economic events and their possible effects. For MT4 traders, the indicator plugin seamlessly integrates economic calendar data into your platform, allowing for effortless analysis and facilitating trading decisions.
Customer support of EC Markets
EC Markets offers multilingual customer support, backed by its award-winning reputation. They offer 24/5 customer support through live chat, e-mail, and phone.
- Phone: +248 422 4099
- E-mail: support@ecmarkets.com
- Address: 30 City Road, 3rd Floor, London, EC1Y 2AY
Conclusion
EC Markets is a reputable online broker that offers a wide range of trading instruments and reliable services. Their regulation, customer support, and educational resources make them a suitable choice for many traders. Thinking about fees, leverage, and trading conditions before making a final decision is important.
Pro Tip
To effectively utilize the economic calendar provided by EC Markets, combine it with technical analytical tools. Our trusted forex broker offers a wider range of regulated broker reviews. Additionally, you can find valuable information on various investment platforms, including stocks, bonds, banking, cryptocurrencies, and CFDs.
