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No valid regulatory information, please be aware of the risk!
Trading went smoothly before 2019. Now, there are always spread, network stuck and slippage with the broker.
Of course I may not be able to narrate all my experience with this firm, but for a fact they denied my withdrawal after investing a lot over a long period and asked me to deposit more money of which i ran out confidence and money to put in. I was denied withdrawal and had to seek advise from Fintrack .org It has been revealed ECN Markets is a scam and the quick report that was made solved my withdrawal issues.
I invested $109,000 with ECNMarkets and lost everything.my account manger was the one who constantly nagging me to make more and bigger investments. He'll know why I'm not going to spend any more when he sees that I've already spent $109,000. He hasn't defrauded me in a while. I wasn't even able to log into my account online. They have ceased all contact with me. I've complained to the company numerous times, but nothing appears to be working.
This broker is not a good one. At the moment, they are restricting user accounts and preventing withdrawals. After trading on Ecn market platform for about a 6 month, with an initial deposit of $2000 and additional investments totaling about $74,000, they made it impossible for me to log back into my account; I tried contacting them, but they had decided to ignore all of my effort. It ultimately took a lawsuit brought by the legal department of Assetsclaimback Advisory to recover my profits and investment.
Note: ECNMarkets is to operate via the website - https://ecn-markets.com/, which states that it currently does not have any sponsors for us. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
ECNMarkets is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments on the industry-standard MetaTrader4 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that ECNMarkets does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.46/10. Please be aware of the risk.
ECNMarkets advertises that it offers access to a wide range of trading instruments in financial markets, including over 30 forex currency pairs, indices and precious metals.
Trading Platform Available
The platform available for trading at ECNMarkets is one of the most notable and preferred trading platforms the market offers - MetaTrader4. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
ECNMarkets‘ customer support can be reached by telephone: +44-203-519-8254, +44-203-519-1107, email: email@example.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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