ECM Review

Is ECM Scam or Legit Broker?

According to our research and our finds, ECM is not a secure broker because is based solely in offshore zone and does not guarantee its trading environment. 

What is ECM? 

ECM group is an online trading firm, specializing in forex and CFD brokerage while claiming its global coverage of international individual traders, money managers, and institutions. With an opportunity to trade Forex and Precious Metals with high interbank liquidity conditions, robust order execution in a split second, ultra-tight spreads (Check Brokers with Zero Spread), and other advantages on MT4.

However, being located in the offshore zone of Vanuatu, the company, does not comply with its operational standards with the strictest international set of performance designed by a reputable authority with the purpose of protecting clients. This is the reason why the reliability of the broker cannot be confirmed. 

• In addition, in order to be licensed the firm should prove its capital and are secured by participation in schemes in case things go wrong. Therefore, the client, his funds, and investments are protected by the necessary legitimate authorities at authorized firms. And there are various companies to choose from, with vast investment opportunities and with the following of the strictest rules from ASIC regulations, CySEC or FCA international standards.  

Overall ECM Ranking 

With our finds and issues with regulations and safety of ECM, we do not rank positively ECM, within our Expert Opinion and over 10 Years of experience in Forex Trading since there are brokers with much better safety and trading conditions.

• ECM Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

ECM Alternative Brokers

With our finds and issues with the safety of ECM, there are much better Alternatives to ECM Broker with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

• Dukascopy – Excellent for Shares, Futures Trading
• AvaTrade – Good Instrument and CopyTrading
• FXTM – Good for Beginners

Fees

ECM fees are consistent. There are no hidden fees.  Spreads offered by ECM are tight. Based on our research, the proposals are often lower, as compared to other brokers in the market. 

ECM Money Withdrawal

ECM mentions there is No minimum deposit required for a Standard account. However, system restrictions may limit this amount to $ 10 based on funding methods. 

Funding methods available on ECM include:

• Credit Cards, ePayment, Local Bank Transfer, and Bank Wire Transfer.

Since ECM Broker is not regulated there can be issues with money withdrawals, you can submit the withdrawal request yet there is no guarantee that you will get your money back.

ECM Review Conclusion

Mostly we do not recommend trading with a non-regulated broker like with the ECM, as an offshore zone does not bring a lot of credibilities, therefore there is no guarantee that potential gains will be ever returned back and managed correctly. It is much safer to invest with a reputable brokerage firm that is licensed by the industry authority and constantly overseen in terms of the performance and delivery of financial services. 

• The overall ranking and Trading Experience for ECM is Negative