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ECNMarkets -

No Regulation

Score

0123456789

/10

The WikiFX Score of this broker is reduced because of too many complaints!

ECNMarkets

Item: ECNMarkets
Rating: 1.53

United Kingdom|5-10 years|

White label MT4|Regional Brokers|High potential risk|

https://ecn-markets.com/

Website

Time Machine

Rating Index

MT4/5 Identification

White Label

Server Name

SECN-Demo MT4

Server Location

United Kingdom

Contact

+44-203-519-8254

sales@ecn-markets.com

https://ecn-markets.com/

The WikiFX Score of this broker is reduced because of too many complaints!

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

40G

Open Now

Contact number

English

+44-203-519-8254

Russian

+44-203-519-1107

Broker Information

Company Name

ECN Markets

Company Abbreviation

ECNMarkets

Platform registered country and region

United Kingdom

Company website

https://ecn-markets.com/

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2

Previous Detection : 2024-06-12

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

ECNMarkets · WikiFX Survey

Platform Capital Ratio

--%

-- --

100%

--%

100%

Fundamental Item(A)
Total Supplementary Items(B)
Debt Amount(C)
Non-Fixed Capital(A)+(B)-(C)=(D)
Relative amount of risk(E)
Market Risk
Transaction Risk
Underlying Risk

Capital
$(USD)

Meta Trader 4

White LabelAverage

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Score

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Details

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Exposure

4 pieces of exposure in total

Pyramid scheme complaint

Expose

Severe Slippage

Worse broker

Trading went smoothly before 2019. Now, there are always spread, network stuck and slippage with the broker.

HEXINBO

2020-01-10 12:06

Unable to Withdraw

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.

FX4068196618

2022-07-04 14:04

Unable to Withdraw

withdrawal not approved

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.

Fx4679443

2022-07-01 11:52

Unable to Withdraw

ECN markets is not regulated

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.

FX695459

2022-07-04 18:58

ECNMarkets · Company Summary

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.

Market Instruments

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.

Customer Support

ECNMarkets‘ customer support can be reached by telephone: +44-203-519-8254, +44-203-519-1107, email: sales@ecn-markets.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.

Pros & Cons

Risk Warning

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.

User Reviews

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Value me

more than one year

The company ECNMarkets is really hateful. They froze my account for no reason and now I can't get my thousands of dollars out. When I tried to search for information about this company online, I found it difficult to locate the correct website because their company name was so generic and broad. Isn't this a strategy to avoid complaints!

2023-03-16 13:46

云非

more than one year

I've sent multiple emails asking what's going on. As usual no reply. No communication from this company at all. Unfortunately, I'll have to write this experience off.. don't be fooled or pressured, luckily I didn't deposit more like they wanted...