EC Markets is fully licensed and regulated by Cyprus Securities and Exchange Commission (CySEC) and Markets in Financial Instruments Directive (MiFID).
The broker offers wide variety of trading instruments including Forex, Stocks, Gold and Silver, Oil, Commodities, Indices and Bonds.
Within EC Markets review, we have found that unfortunately US traders are accepted only for forex trading at this point.
Registration process is simple and fast. The following documents will be requested:
An identifying document such as a passport, driver’s license or official ID
Proof of Address such as a utility bill or bank
EC Markets offers the following range of trading platforms:
MetaTrader 4: one of the most well-known favorites! Take advantage of one-click, at-best order execution, advanced technical analysis and unmatched automation capabilities
ECTrader Lite: a downloadable platform with extensive set of features.
ECWeb Trader: a user friendly web platform which synchs up to your MT4 account.
ECMobile Trader: Access your trading account via mobile device.
ECPro AutoTrader: Trade automatically with a set of proven successful strategies
Free practice demo account is available with $100,000 virtual money. You can get familiar with the trading platform and test your trading strategies.
The minimum deposit requirement to start trading is $100.
Commissions and Spreads
Spreads on major currency pairs start from 3 pips. Leverage is up to 1:200. There are no commissions or extra fees with this broker.
It is possible to trade CFD’s in all order types:
Market Orders (MKT)
Limit Orders (LMT)
Stop Orders (STP)
All CFD positions remaining open overnight are either charged or profit with the position size calculated on the ECMarkets financing costs and the variance in the interest rate with regards to the primary product and the currency traded.
EC Markets offers online chat, phone support, and email support during the trading hours via the following languages: English, French, Italian, Russian.
Daily market analysis is available on the broker website and via email.
EC Markets offers up to $2,000 welcome bonus.