ECN.Broker User Reviews
ECN.Broker is rated 0.0 out of 5 stars. Read 0 user reviews and verified customer reviews about ECN.Broker that are hand-moderated to detect fraud.
I am the Director/Owner of Excel Markets Inc. (Regulated by the US National Futures Association)
I am an NFA Associate Member with a Series 3 and 34 license.
Beyond my professional endeavours, I am deeply passionate about researching the financial industry and brokers. Drawing from my extensive experience in trading, including personally investing all of my savings in the capital markets, I am committed to making the complexities of personal investing accessible to everyone.
Data is continually updated by our staff and systems.
Last updated: 12 Aug 2024
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Read more about us ⇾Pros
- Offers MetaTrader 4 platform for desktop, mobile, and web.
- High leverage available up to 1000:1.
- Segregated client money ensures added security.
- Founded in 2015, making it relatively new but established.
Cons
- Low popularity rating and low user reviews.
- Limited range of tradable instruments compared to industry leaders.
- Swap rates are generally not favorable.
We tested ECN.Broker using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
ECN.Broker is regulated by Comoros – ML MISA, ensuring that client funds are segregated from the company’s operating capital. However, it does not provide a deposit compensation scheme. Founded in 2015, ECN.Broker is relatively new to the market.
It has a low popularity rating and user review rating, ranking 714 out of 815 forex brokers based on user ratings and 712 based on our expert's rating. The broker's organic web traffic is also low, with 4,735 monthly visits.
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| OnFin Ltd |
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1000 : 1 |
Deposit Insurance
ECN.Broker does not offer a deposit compensation scheme. This means that if the broker fails, investors may not be compensated for their deposits.
It is essential for traders to consider the security of their funds, especially when dealing with brokers that do not provide such insurance.
Spreads and Costs
When comparing average spreads across asset classes, ECN.Broker has relatively high spreads. This broker's spreads and costs are generally higher compared to some of the industry-leading brokers, except for the crypto asset class where spreads are more competitive.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| ECN.Broker – Standard | 2.25 | 4.70 | - | 0.20 |
| HFM – Premium | 25.46 | 7.48 | 3.92 | 0.20 |
| IC Markets – Standard | 9.10 | 3.51 | 3.90 | 0.21 |
| XM – Standard | 39.03 | 4.95 | 5.44 | - |
| FxPro – Standard | - | 0.98 | 3.24 | - |
| Pepperstone – Standard | 12.39 | 2.10 | 2.43 | 0.13 |
| Axi – Pro | 13.62 | 2.73 | 1.55 | 0.22 |
Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ECN.Broker – Standard | 4.09 | 0.41 | 3.28 | 3.87 | 6.10 | 4.05 | 5.93 | 4.96 | - | - | 0.38 | 0.03 |
| HFM – Premium | 39.13 | 3.61 | 1.78 | 2.51 | 3.95 | 2.13 | 3.81 | 2.99 | 1.41 | 6.00 | 0.32 | 0.04 |
| IC Markets – Standard | 15.06 | 3.01 | 0.90 | 1.12 | 2.02 | 1.43 | 2.31 | 1.58 | 1.70 | 0.89 | 0.18 | 0.03 |
| XM – Standard | 73.16 | 5.14 | 1.35 | 1.61 | 4.10 | 2.45 | 3.61 | 3.16 | 3.08 | 4.39 | - | - |
| FxPro – Standard | - | - | 1.36 | 1.62 | 3.50 | 1.55 | 3.78 | 3.49 | 4.10 | 2.43 | - | - |
| Pepperstone – Standard | 19.34 | 3.01 | 0.90 | 1.13 | 2.01 | 1.43 | 2.32 | 1.58 | 1.68 | 0.89 | 0.17 | 0.03 |
| Axi – Pro | 25.07 | 2.30 | 0.53 | 1.14 | 1.81 | 0.71 | 1.40 | 1.46 | 1.20 | 2.00 | 0.16 | 0.02 |
Swap Rates/Financing Fees
Swap fees are charged when positions are held overnight. Positive swap rates indicate a payout, while negative rates incur a cost. ECN.Broker generally has less favorable swap rates compared to the average of industry-leading brokers.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| ECN.Broker | - | -6.84 | -1.04 | -1.41 | -27.38 | 19.83 | 5.11 | -36.15 |
| HFM | - | -7.43 | -0.14 | -0.15 | -3.58 | 0.00 | 0.00 | -40.72 |
| IC Markets | - | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| XM | - | -5.29 | -0.15 | -0.19 | -3.73 | 1.12 | 19.67 | -48.45 |
| FxPro | - | -4.03 | -0.14 | -0.15 | -3.33 | 1.02 | 19.15 | -40.75 |
| Pepperstone | - | -3.00 | -0.14 | -0.14 | -2.70 | 1.30 | 22.99 | -39.29 |
| Axi | Best | -1.57 | -0.04 | -0.13 | -2.65 | 1.40 | 20.00 | -28.00 |
Does ECN.Broker Offer Islamic/Swap-free Accounts?
ECN.Broker does not offer specific information regarding Islamic or swap-free accounts on their website. It is recommended for traders seeking swap-free accounts to directly contact the broker for detailed information and any requirements that may be necessary.
Other Fees
ECN.Broker may charge additional fees not related to spreads, commissions, or swap rates. It is advisable to check the broker’s official website or contact customer support for the most accurate and updated fee structure.
Comparison to other Brokers
ECN.Broker, established in 2015, is regulated by Comoros – ML MISA and offers MetaTrader 4 as its trading platform. The broker segregates client funds but does not offer a deposit compensation scheme. In terms of user reviews and rankings, ECN.Broker is positioned lower compared to industry leaders like IC Markets and Pepperstone.
The broker's average spreads are higher, which might make it less appealing for cost-sensitive traders. Its swap rates are generally not favorable compared to other brokers.
Additionally, ECN.Broker's web traffic and popularity ratings are low, reflecting its limited market reach and influence.
Trading Platforms - Mobile, Desktop, Automated
| Platform | Mobile Trading | Automated Trading | Programming Language | Ease of Learnability |
|---|---|---|---|---|
| MetaTrader 4 | Yes | Yes | MQL4 | Moderate |
ECN.Broker offers the MetaTrader 4 platform, known for its robust charting tools and extensive automated trading capabilities through MQL4. The platform supports mobile trading, making it convenient for traders on the go.
MQL4 is moderately easy to learn, allowing traders to develop custom indicators and automated trading strategies effectively.
What Can you Trade?
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 52 |
| Crypto CFD | 21 |
| Stock CFD | 163 |
| Stock Index CFD | 14 |
| Commodities CFD | 9 |
ECN.Broker offers a range of CFDs including Forex, Crypto, Stocks, Stock Indices, and Commodities. Forex CFDs comprise 52 instruments, Crypto CFDs 21, Stock CFDs 163, Stock Index CFDs 14, and Commodities CFDs 9.
The broker does not offer ETFs or Futures CFDs. Trading CFDs allows traders to speculate on the price movements of these instruments without owning the underlying asset. This can lead to higher leverage but also increases risk.
Available Leverage
ECN.Broker offers leverage up to 1000:1 for retail clients, regulated by Comoros – ML MISA. The high leverage available can be advantageous for experienced traders but also increases the risk of significant losses, especially for less experienced traders.
Prohibited Countries
ECN.Broker does not explicitly list prohibited countries on its website. It is advisable to contact their customer support directly to confirm if your country is eligible for opening an account with them.
ECN.Broker Account types
| ECN | ECN FIX | ECN MINI | |
| Commission | $8 per lot | $0 | |
| Maximum leverage | 1000:1 | ||
| Mobile Platform | MT4 Mobile | ||
| Trading platform | MT4 | ||
| Spread Type | Variable Spread | Fixed Spread | Variable Spread |
| Minimum Deposit | 50 | 1 | |
| Minimum Trade Size | 0.01 | ||
| Trailing Stops | | ||
| Scalping Allowed | | ||
| Hedging Allowed | | ||
| Islamic Accounts | | ||
| ECN | |
| Commission | $8 per lot |
| Maximum leverage | 1000:1 |
| Typical Spread | Floating: from 0.0 pip |
| Trading platform | MT4 |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 50 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| ECN FIX | |
| Commission | $0 |
| Maximum leverage | 1000:1 |
| Typical Spread | fixed from 3.0 pip |
| Trading platform | MT4 |
| Mobile platform | MT4 Mobile |
| Spread type | Fixed Spread |
| Minimum deposit | 50 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| ECN MINI | |
| Commission | $0 |
| Maximum leverage | 1000:1 |
| Typical Spread | Floating: from 1.2 pip |
| Trading platform | MT4 |
| Mobile platform | MT4 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 1 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
ECN.Broker Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
ecn.broker
|
| Organic traffic rank | 592 out of 870 (Forex Brokers) |
| Bounce rate | 0% |
| Pages per visit | 0.00 |
| Average visit duration | 00:00:00 |
ECN.Broker Profile
| Company Name | ECN.Broker |
| Categories | Forex Brokers, Cryptocurrency Brokers |
| Primary Category | Forex Brokers |
| Year Founded | 2015 |
| Account Currency | USD |
| Support Languages | English |
| Funding Methods | Bank Wire, Bitcoin, Credit/Debit Card, FasaPay |
| Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals |
Segregated Accounts
Islamic Accounts
Cent accounts
Negative balance protection
Social trading
Trailing stops
Fixed spread
Variable spread
ECN.Broker User reviews
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
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We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
ECN.Broker Regulation / Money Protection
2.0| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| OnFin Ltd |
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1000 : 1 |
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