This forex broker review covers an online forex brokerage called ECMarkets. While it may be a new online forex broker, ECMarkets come from a company with loads of experience in the forex markets. The trustworthiness of the company combined with its superior customer service and great bonuses make it a great option for forex traders all of skill levels.
ECMarkets is owned by Safecap Investments Ltd., the same company that owns several other large forex brokers, including the award winning Markets.com. It is a market maker broker and is regulated in several different countries. It is overseen by the financial authorities in Cyprus, Australia, Italy, Germany, the Netherlands, Spain, Sweden, and Denmark.
There are three different levels of accounts with forex broker ECMarkets. The extra services and support that you get depend on the amount that you deposit. The three account levels are:
• Mini Accounts: This is for deposits between $100 and $2,499. You get market analysis and trading room access, but no other bells and whistles.
• Standard Accounts: For deposits between $2,500 and $19,999. With a standard account you get access to trading signals and news and signals delivers straight to your mobile phone.
• ECVIP: ECVIP accounts are for deposits above $20,000. Along with all the benefits above, you get unlimited use of your very own private market dealer, one-on-one live seminars and educational sessions, and group seminars with other traders to participate in.
• Forex Demo Account: You can also open a demo account if you want to get to know the platform without risking your own money. You can trade up to $100,000 of play money with your demo account. All accounts trade with 1:200 leverage.
Every new account with forex broker ECMarkets is entitled to a welcome bonus. The amount of your bonus will depend on the amount of your initial deposit. Right now you can get a bonus between $50 and $200 for opening a mini account, a bonus of up to $2,000 for opening a standard account, and you can get a custom bonus made just for you when you open an ECVIP account.
With forex broker ECMarkets you can trade over 47 different currency pairs in the market. You can trade everything from major pairs to more exotic pairs you can’t trade on many other platforms. The spreads on major currency pairs are fixed at three pips. From there, spreads range from four pips for second tier currencies like the Canadian dollar to over 200 pips for some more exotic currencies.
In addition to trading currencies, with forex broker ECMarkets‘ platform you can trade 18 indices in three continents, crude oil, gold, silver, corn, wheat, coffee, sugar, natural gas, stocks, and bonds. No matter what you want to trade, ECMarkets has it.
ECMarkets is one of the many online forex brokers that allow trading with the MetaTrader4 platform. MetaTrader4 is widely popular with forex brokers from novices to experts because of its ease of use and intuitiveness. And since most brokers accept it, you can change brokers without changing your platform.
You can also trade using ECMarket’s proprietary platforms. ECTrader Lite is the first of these. It’s an easy to use downloadable platform that lets you trade from real time charts and use professional analytical tools. You can also customize the platform to look the way you want with its simple drag and drop interface.
If you need mobile trading, ECMarkets also offers the ECMobile Trader that gives you up to the market news and trading on your phone. And if you aren’t on your own computer, you can also access the ECWeb Trader and get access to your ECMarkets portfolio from anywhere.
Finally, for more advanced traders, the ECPro Autotrader lets you input your own strategies or mirror what other successful traders are doing.
ECMarkets provides a multilingual customer support staff that is available 24/7 over the phone, through email, or live chat.