EC Markets
Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
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EC Markets broker review - reviews of the real reasons for losing deposits on this platform
Scam EC Markets pretends to be a high-tech CFD (contracts for difference) trading platform, offering traders access to a wide range of financial instruments on global markets. Since its inception, the firm has allegedly established itself as a reliable broker, providing its clients with competitive trading conditions, including tight spreads, high leverage of up to 500:1, and fast order execution. In reality, this is just another kitchen that scams people out of money.
Status |
SCAM |
Year of foundation |
2011 |
Affiliate program |
Yes |
Regulation and jurisdiction |
CySec |
Website |
https://www.ecmarkets.sc/ |
Contacts |
+248 422 4099 Suite 4B, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles 30 City Road,EC1Y 2AY, London United Kingdom |
- Trading platform
- Fake licenses
- Offshore registration
- Refuses to withdraw money
Trading Platform |
MetaTrader4 (MT4) EC Markets Trading Platform |
Types of accounts |
Pro Account ECN Account |
Currency |
USD, EUR |
Deposit/withdrawal |
Credit cards Visa/Mastercard/Maestro Electronic wallets Cryptocurrency International payment systems PayPal WireTransfer |
Min Deposit |
$10 |
Leverage |
1:500 |
Spread |
From 0.0 points (fixed and floating) |
Financial Instruments |
CFDs on cryptocurrency, currency pairs, indices, commodities, precious metals, shares of international companies, energy |
Order execution |
Market Execution |
Bonus |
No |
About EC Markets
Sharaga was founded in 2011 and is a registered investment company in the Seychelles. The head office is also located there. Offshore jurisdictions are popular among financial scammers. Loyal legislation allows you to hide information about the ultimate beneficiaries of the organization.
According to legend, a scam Markets EC is strictly regulated by several leading financial authorities, highlighting its commitment to high standards of security and transparency. The company has received licenses from the following auditors:
- Financial Services Authority of Seychelles (FSA);
- Mauritius Financial Services Commission (FSC);
- UK Financial Conduct Authority (FCA).
Of the listed regulators, only the British auditor can be called reliable. However, this is not enough for legal activities in Russia. You must have a license from the Central Bank of the Russian Federation, which you do not have EC Markets official website the broker prefers to avoid such an important topic.
EU Markets includes several legal entities:
- Seychelles division;
- a company registered in England.
Traders from Russia are offered to open accounts in an offshore division, which is a priori unprofitable.
The presence of multiple licenses from leading regulators confirms the high level of reliability and security EC Markets as a broker. The company also offers negative balance protection and audits through independent third parties, providing an additional layer of protection for customers.
In reality, everything is less profitable: the office hides behind offshore registration and licenses from dubious departments, the authenticity of which cannot be confirmed. In Russia, sharaga services traders illegally, so it is better to refuse the company’s services.
Trading conditions and types of trading accounts EC Markets
The project offers three main types of trading accounts: Standard, ECN and Professional. Each of these accounts is designed to suit different trading strategies and experience levels:
- Standard: Ideal for experienced traders looking to reach the top in Forex. It offers spreads from 1.2 pips and leverage up to 500:1. Traders can trade standard spot contracts on foreign exchange, commodities and indices;
- ECN: Designed for professional traders looking for the best trading conditions with spreads as low as 0.0 pips and the same level of leverage as a Standard account. This account provides direct access to deep liquidity and more competitive pricing;
- Professional: Offers traders commission-free trading where the trading cost is as low as 0. This account is suitable for traders with high trading volume, giving them all the benefits of an ECN account without the additional costs.
MT4 is offered to traders as the main platform. MetaTrader 4 is one of the most popular trading terminals in the world due to its reliability, wide range of functions and flexibility:
- Powerful trading and analysis tools: Traders can use a wide range of advisors, custom indicators and more than 80 technical indicators to develop and test their trading strategies;
- Availability on all devices: MT4 is available on PC and Mac, as well as mobile apps for iOS and Android, allowing traders to trade anywhere, anytime;
- trading automation: the platform supports automation of trading operations using Expert Advisors, which gives traders the opportunity to execute strategies 24/7 without the need to constantly monitor the market;
- Multilingual support and customizable interface: MT4 supports multiple localizations and offers traders the opportunity to customize the interface according to their preferences.
At the same time, scammers hide information about liquidity providers EC Markets Investments on such dubious conditions are meaningless. Scammers independently manage quotes and will do everything to make the trader lose their savings.
EC Markets Expose
The project in question is a long-lived Forex scam, which in itself is a serious warning for potential clients. The site indicates that under the brand EC Markets Previously, there was another fraudulent project that used the registration of the company Safecap Investments Ltd in Cyprus, without having any real connection with it.
Most customer reviews warn that the broker does not live up to expectations. There are reports of manipulation of quotes, problems with withdrawals and complete loss of deposits. One of the clients from Japan spoke about the loss of a significant amount of money due to manipulation by the broker, as well as the impossibility of withdrawing the remaining funds.
Real risks:
- manipulations with quotes: EC Markets accused of distorting asset prices to ensure client losses and inability to withdraw funds;
- blocking of accounts and deposits: there are cases when, after attempts to withdraw funds, client accounts were blocked without the possibility of restoring access;
- problems with cashout: many clients are faced with the inability to withdraw their funds, while broker support stops responding to requests;
- high risks of losing investments: reviews mention that trading often ends in a complete loss of invested funds.
Everything points to fraud on the part of EC Markets personal account It is better not to register on this site, since the office will not allow you to make money from trading.
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EC Markets Reviews
Users comment negatively on their trading experience on the broker’s platform EC Markets reviews traders are devoted to a wide range of different problems, each of which puts the project in a negative light.
Some users are clearly calling the project a scam, which is a serious accusation and requires further investigation. Such statements indicate problems with the company’s transparency and integrity. Customers have reported significant financial losses, in some cases up to $700, with no way to recover funds. This raises questions about the security of client funds and the effectiveness of investor protection mechanisms.
One review indicates a lack of available license information, which may raise doubts about the broker’s legality and regulation. Customers express dissatisfaction with the work of the support service, including complete ignorance after registering an account and problems with access to their personal account and funds.
Descriptions of pyramid scheme-like strategies and aggressive promotional methods, including repeated calls and lack of feedback, raise questions about the ethics and reliability of the company. References to the resale of the company and changes to trading conditions, including increases in minimum deposits and spreads, indicate an unstable business model and potential risks for clients.
Traders are absolutely right to criticize EC Markets review complaints confirms the fact that there are no prospects for trading with the counterparty in question. Complimentary comments about cooperation with the project are presented only on the official website of the kitchen. You should not take such reviews seriously, since they were written by company employees.
Conclusion
Trading with a broker EC Markets – this is a guaranteed loss of money. Therefore, beginners should consider alternative options for trading the financial markets. New complaints and accusations of fraud against the company’s administration regularly appear on the RuNet. Therefore, you should not get involved with a scam, otherwise the trader will lose his assets. If you have already made a deposit and now cannot return it, Contact us to solve the problem.
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FAQ
Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about EC Markets on the main broker profile page.
You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how to leave a review about the company EC Markets.
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Expert opinion
EC Markets is a drain broker that is trying to get by using licenses from far from the most reliable regulators. However, the scammers are not even able to confirm the authenticity of these documents. Investors are actively complaining about problems with withdrawing money, which raises concerns among potential clients.