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ECI Markets

United States|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|

https://www.ecimarkets.com/#null

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
EliteCapitalInvestment-Demo MT4
Server Location Hong Kong

Contact

support@ecimarkets.com
https://www.ecimarkets.com/#null

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

Other ways of contact

Broker Information

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Company Name

Elite Capital Investments

Abbreviation

ECI Markets

Platform registered country and region

United States

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

ECI Markets · WikiFX Survey

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ECI Markets · Company Summary

basic-info

General Information

ECI Markets is an online forex broker registered in United States, offering diversified range of trading instruments, including Forex, Stocks, Commodities, Indices, and through the leading MT4 trading platform. Investors have the flexibility to choose among Standard, Pro, and Islamic accounts, with the minimum deposit to start with this broker reaching up to $ 250.

Please note that this forex broker is not subject to any valid regulation.

Account Types

ECI Markets offers three trading accounts in total: Standard, Pro and Islamic accounts. To open a standard account, an initial deposit of $250 is required, while traders who want to try out the Pro account needs to fund at least $100,000. Lastly, the Islamic account asks for an initial deposit of $5,000.

account-types

Leverage

With the ECI Markets platform, the maximum trading leverage that traders can use is up to 1:500, higher than levels considered appropriate for retail traders by many regulatory authorities.

Please note that high leverage is not always the good thing, as it may increase your profits, but more importantly, it can cause serious fund losses, especially to inexperienced traders.

Spreads & Commissions

Like many forex brokers, spreads and commissions are also determined by trading accounts with the ECI Markets platform. The Standard account and the Islamic accounts offer a commission-free trading environment, accompanied by average spreads, starting at 1.6 pips and 1.2 pips, respectively. The Pro account charge competitive spreads from 0.2 pips, with a commission applied.

Trading Platform

ECI Markets platform provides access to the leading MT4 trading platform, which is among the most popular trading platforms around the world. The MT4 trading platform features multiple technical indicators, market screeners, position calculation tools as well as automated system.

Unfortunately, the ECI MarketsS MT4 cannot be tested, as the platform is not freely available for download from their website.

Deposit & Withdrawal

The minimum deposit is $250. ECI Markets accepts payments via Bank Transfer, Credit/Debit Card and Skrill.

Customer Support

Worryingly, traders with any inquiries or trading-related issues can only get in touch with ECI Markets through email: support@ecimarkets.com.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

User Reviews

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3

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Melvin Kwang
more than one year
For me, this is a completely unattractive company, not only because of the high transaction costs, the few ways to serve customers, to deposit and withdraw money, but also because it does not have any regulation. That means it's most likely not safe.
2022-12-05 16:34
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0
0
JJ
more than one year
Oops! I just cannot open its official website, what the hell! I mean, are they serious? This broker does not hold a license at all…I guess no one would be so foolish to trade with this broker…
2022-11-29 13:49
Reply
0
0
FX1080226572
more than one year
The minimum deposit is too high, and the spreads on the Standard account are not very competitive. But it's meaningless to discuss these now, they are already offshore, and the website can't be opened.
2022-11-29 12:29
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0
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