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Comoros|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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+60 356260089
E-SG-12, Sunway Geo Avenue, JLN Lagoon Selatan BDR Sunway 47500 Petaling Jaya, Selangor


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Warning: Low score, please stay away! 4
Previous Detection : 2024-03-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 14747) claimed by this broker is suspected to be clone. Please be aware of the risk!

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ECM · Company Summary

ECM Basic Information
Company Name ECM
Founded 2019
Headquarters Malaysia
Regulations Suspected fake clone
Tradable Assets Forex, Commodities, Indices, Stocks, Cryptocurrencies
Account Types Live Account, Demo Account
Minimum Deposit $10
Maximum Leverage 1:500
Spreads Starting at 3 pips for EURUSD (Forex)
Commission No commission for most instruments
Deposit Methods Credit Cards, ePayment, Local Bank Transfer, Bank Wire Transfer
Trading Platforms MetaTrader 4 (PC, iOS, Android)
Customer Support Phone: +603-56260089, Email:
Education Resources Forex educational materials
Bonus Offerings Welcome bonus from 10% to 100% up to $10,000

Overview of ECM

ECM is a trading brokerage that was founded in 2019 and is headquartered in Malaysia. However, it's essential to highlight that ECM operates without valid regulatory oversight, making it an unregulated entity. There are concerns regarding the authenticity of its claimed regulation by the Vanuatu VFSC, with license number 14747, as it is suspected to be a clone or fraudulent. This absence of proper regulation is a significant factor that traders should carefully consider when evaluating ECM as their potential trading partner.

Despite its lack of regulation, ECM provides access to a diverse range of tradable assets, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. The broker offers both Live and Demo accounts, with a minimum deposit requirement of $10 and varying maximum leverage levels based on the account balance. Traders can benefit from competitive spreads starting at 3 pips for EURUSD and no commissions for most trading instruments. The availability of the popular MetaTrader 4 trading platform ensures a familiar and robust trading experience for clients. Additionally, ECM offers customer support through phone and email, educational resources for traders looking to enhance their skills, and a welcome bonus ranging from 10% to 100% up to $10,000 for new depositors. However, the lack of regulatory oversight remains a significant concern when considering ECM as a trading partner, and traders should proceed with caution.


Is ECM Legit?

ECM, or Euro Credit Markets, is not a regulated entity. While it is essential to clarify that ECM does not have valid regulatory oversight, it's crucial to emphasize that the claim of Vanuatu VFSC (Vanuatu Financial Services Commission) regulation with license number 14747 is suspected to be a clone or fraudulent. The absence of legitimate regulation can pose significant risks for traders, as it means that ECM operates without oversight from recognized financial regulatory authorities. Traders should exercise extreme caution when considering trading with an unregulated broker like ECM, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. It is highly advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in any trading activities to ensure a safer and more secure trading experience.


Pros and Cons

ECM presents traders with a range of advantages and drawbacks to consider. On the positive side, the broker offers a diverse selection of assets for trading and provides various account types to cater to different trading preferences. The availability of leverage can amplify trading potential, and the use of the popular MetaTrader 4 platform enhances the trading experience. Moreover, the opportunity to receive a welcome bonus of up to $10,000 can be enticing for traders looking to boost their initial capital. However, it's important to note that ECM operates without proper regulation, which can be a significant concern for traders seeking regulatory oversight and protection. Additionally, there is suspicion surrounding its claimed regulatory status, and the broker imposes a minimum deposit requirement of $10. Customer support options are somewhat limited, and the educational resources provided are relatively basic. As with any financial decision, traders should weigh these pros and cons carefully to determine if ECM aligns with their trading goals and risk tolerance.

Pros Cons
- Diverse asset selection - Lack of regulation
- Multiple account types - Suspected clone regulation
- Availability of leverage - Minimum deposit requirement of $10
- MetaTrader 4 platform - Limited customer support channels
- Welcome bonus opportunity (up to $10,000)

Trading Instruments

ECM offers a wide variety of trading instruments, including:

1. Forex Trading: With over 80 currency pairs, ECM provides ample opportunities for Forex trading, covering both major and exotic pairs.

2. Commodities Trading: Traders can engage in commodities trading with assets such as Gold, Brent, and WTI crude oil, among others.

3. Indices Trading: ECM allows traders to speculate on the performance of stock market indices from various regions around the world.

4. Stocks Trading: More than 60 company stocks are available for trading, offering diversity across industries and regions.

  1. Cryptocurrencies: ECM also supports cryptocurrency trading, featuring digital assets like Bitcoin, Litecoin, Ethereum, and Ripple, reflecting the increasing popularity of cryptocurrencies in today's financial markets.


Here is a comparison table of trading instruments offered by different brokers:

Broker ECM RoboForex FxPro IC Markets
Forex Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Crypto Yes Yes Yes Yes
CFD No Yes Yes Yes
Indexes Yes Yes Yes Yes
Stock Yes Yes Yes Yes
ETF No Yes No Yes
Options No No Yes No

Account Types

ECM offers two main types of accounts for traders:

1. Live Account: The Live Account is for real trading with actual funds. When you open a Live Account, you gain access to several benefits, including tight spreads, superfast trade execution, advanced forex trading tools, and robust risk protection measures to enhance the security of your investments. This account type is suitable for traders looking to actively participate in the financial markets.

2. Demo Account: ECM provides a Free Demo Account, which serves as a risk-free environment for traders to practice and familiarize themselves with the platform. This account type offers a step-by-step tutorial, educational articles, online webinars, and the opportunity to attend local seminars. Additionally, you'll have your own Account Manager to assist you during your trading journey. The Demo Account is an excellent choice for beginners or those who want to test their trading strategies without using real capital.


How to Open an Account?

To open an account with ECM, follow these steps.

  1. Visit the ECM website. Look for the “OPEN LIVE ACCOUNT” or “OPEN DEMO ACCOUNT” button on the homepage and click on it.

  2. Sign up on websites registration page.

  3. Receive your personal account login from an automated email

  4. Log in

  5. Proceed to deposit funds to your account

  6. Download the platform and start trading


ECM offers different leverage levels based on your account balance:

With a USD 100 balance, you can access a maximum leverage of 1:500.

If your balance is USD 5,000, you get a maximum leverage of 1:200.

For those with USD 10,000, the maximum leverage is 1:100.

Leverage allows you to control larger positions with less capital, but it also increases the potential for both profits and losses. Use it wisely and consider your risk tolerance and trading goals.

Here is a comparison table of maximum leverage offered by different brokers:

Broker ECM FxPro VantageFX RoboForex
Maximum Leverage 1:500 1:200 to 1:500 1:2000

Spreads and Commissions

ECM provides spreads and operates without charging commissions for most of its trading instruments. The spreads are measured with precision, in 1/10th of a pip, which can be advantageous compared to brokers using four-digit pricing. This allows traders to access spreads, starting at 3 pips for EURUSD in the case of forex trading. These spreads can impact the cost of entering and exiting positions, affecting the overall expense of executing various trading strategies on the platform.

Deposit & Withdraw Methods

ECM imposes a minimum deposit requirement for the STANDARD account, with a set limit of $10. This condition applies to all available funding methods, including Credit Cards, ePayment, Local Bank Transfer, and Bank Wire Transfer. It's essential for traders to take note of this minimum deposit requirement when considering their initial funding for trading on the ECM platform. Adhering to these deposit guidelines ensures traders can open and maintain their trading accounts in accordance with ECM's policies and specifications.


Trading Platforms

ECM offers its traders access to the popular MetaTrader 4 (MT4) trading platform, providing multiple options for seamless trading experiences. Traders can choose from MetaTrader 4 for PC, MetaTrader 4 for iOS, and MetaTrader 4 for Android, catering to a wide range of preferences and devices.

MetaTrader 4 for PC is a robust desktop-based trading platform known for its reliability and comprehensive charting tools. It empowers traders with advanced analysis charts, the capability to execute various trading orders, and compatibility with expert advisors, enhancing the trading process.

For those who prefer mobile trading, ECM offers MetaTrader 4 for iOS and MetaTrader 4 for Android. These mobile versions of MT4 allow traders to stay connected to the markets and manage their positions on-the-go. With user-friendly interfaces and real-time data access, traders can execute trades, monitor their portfolios, and make informed decisions from their smartphones or tablets.


Customer Support

ECM provides customer support through two primary channels: phone and email. Traders seeking assistance or having inquiries can reach out to the support team via phone at +603-56260089. This phone support offers direct communication, allowing traders to get prompt responses to their questions or concerns.

Additionally, ECM offers email support, and traders can contact the support team by sending their queries or requests to Email support provides a convenient way for traders to seek assistance and maintain a written record of their interactions with the support team.


Educational Resources

ECM provides various educational resources aimed at improving traders' understanding of forex trading. These resources cover essential topics, including forex market fundamentals, exchange rates, market participants, fundamental analysis, and key factors influencing the forex market. Additionally, ECM offers insights into the unique characteristics of the forex market and the significant factors that affect currency movements. Traders can also access educational materials on technical analysis, helping them analyze historical price charts and use technical indicators effectively for trading decisions. These resources are beneficial for both novice and experienced traders seeking to enhance their trading knowledge and skills.


ImProForex offers a welcome bonus for new traders making their first deposit, with bonuses ranging from 10% to 100% and a maximum limit of $10,000. Additionally, traders can receive ongoing bonuses on subsequent deposits, with the bonus percentage determined by the deposit amount. These bonuses provide extra trading funds, enhancing trading potential and profitability.



In conclusion, ECM offers a diverse array of trading assets and account types, making it accessible to traders with different preferences. The availability of leverage and the MetaTrader 4 platform provide opportunities for enhanced trading experiences. However, notable disadvantages include the lack of proper regulation and the suspicion surrounding its claimed regulatory status, which can be concerning for traders seeking regulatory safeguards. Furthermore, a minimum deposit requirement of $10 and limited customer support channels may not appeal to all traders. While the welcome bonus opportunity can be enticing, it's essential for traders to carefully consider the risks associated with an unregulated broker like ECM and ensure it aligns with their individual trading objectives and risk tolerance.


Q: Is ECM a regulated broker?

A: ECM is not regulated, and its claimed regulatory status with Vanuatu VFSC (Vanuatu Financial Services Commission) is under suspicion.

Q: What types of trading accounts does ECM offer?

A: ECM provides two main account types – Live Account for real trading and a Demo Account for practicing with virtual funds.

Q: What is the minimum deposit required to open an account with ECM?

A: To start trading with ECM, you need a minimum deposit of $10, regardless of the chosen funding method.

Q: Can I access leverage when trading with ECM?

A: Yes, ECM offers leverage, with maximum levels ranging from 1:100 to 1:500, depending on your account balance.

Q: What trading instruments are available at ECM?

A: ECM offers a variety of tradable assets, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies.

Broker Information

Company Name


Company Abbreviation


Regulatory Status

Suspicious Clone

Platform registered country and region


Company website
Phone of the company
  • +60 356260089









Company address
  • E-SG-12, Sunway Geo Avenue, JLN Lagoon Selatan BDR Sunway 47500 Petaling Jaya, Selangor

  • Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros









Customer Service Email Address

Company Summary

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