ECG Brokers Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:25

Abstract：ECG Brokers is an unregulated broker registered in Mauritius, offering trading in forex, stocks, cryptocurrencies, commodities, and indices with leverage up to 1:500 and spread from 0.6 pips via the MT5 platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.

　　Note: MorsPrime's official website - https://www.ecgbrokers.com is currently inaccessible normally.

ECG Brokers Review Summary
Founded	/
Registered Country/Region	Mauritius
Regulation	Unregulated
Market Instruments	Forex, stocks, cryptocurrencies, commodities, and indices
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.6 pips (Standard account)
Trading Platform	MT5
Min Deposit	$0
Customer Support	Email: clientsupport@ecgbrokers.com
Customer Support	Instagram, Facebook, LinkedIn, and Twitter

　　ECG Brokers is an unregulated broker registered in Mauritius, offering trading in forex, stocks, cryptocurrencies, commodities, and indices with leverage up to 1:500 and spread from 0.6 pips via the MT5 platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as $500.

Pros and Cons

Pros	Cons
Diverse tradable asset classes	Inaccessible website
Demo accounts	Unregulated
Multiple account types	Only email support
Tight spreads
Commission-free accounts offered
MT5 trading platform
No minimum deposit
Popular payment options

Is ECG Brokers Legit?

　　No. ECG Brokers has no regulations currently. Please be aware of the risk!

What Can I Trade on ECG Brokers?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
Standard	$0
Raw	$1,000
Elite	$10,000

Leverage

　　The leverage of ECG Brokers can be up to 1:500 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

ECG Brokers Fees

Account Type	Spread	Commission
Standard	From 0.6 pips	❌
Raw	From 0.0 pips	$3 per lot
Elite	From 0.0 pips	$1.5 per lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, Android, IOS	Beginners
MT5	✔	Desktop, Android, iOS	Experienced traders