ECHForex Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-11 17:44

Abstract：ECHForex is a broker. The tradable instruments with a maximum leverage of 1:500 include Brent crude oil, Dow Jones, bitcoin, EUR/USD, and Boeing. ECHForex is still risky due to its unregulated status, high leverage, and inaccessible office websites.

ECHForexReview Summary
Founded	2-5 years
Registered Country/Region	Australia
Regulation	Unregulated
Market Instruments	Brent Crude Oil, Dow Jones, Bitcoin, EUR/USD, and Boeing
Demo Account	Not mentioned
Leverage	Up to 1:500
Spread	Not mentioned
Trading Platform	Not mentioned
Min Deposit	Not mentioned
Customer Support	Phone: +44(0)130 23 481
Customer Support	Email: support@echforex.com

ECHForex Information

　　ECHForex is a broker. The tradable instruments with a maximum leverage of 1:500 include Brent crude oil, Dow Jones, bitcoin, EUR/USD, and Boeing. ECHForex is still risky due to its unregulated status, high leverage, and inaccessible office websites.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Unregulated
Various instruments	Inaccessible office website
	Unspecific information

Is ECHForex Legit?

　　ECHForex is not regulated, even though it claims to be regulated by ASIC, DFSA, SCB, and FCA. However, an unregulated broker is not as safe as a regulated one.

What Can I Trade on ECHForex?

　　Traders can choose different investment directions because the broker provides Brent crude oil, Dow Jones, bitcoin, EUR/USD, and Boeing.

Tradable Instruments	Supported
Brent Crude Oil	✔
Dow Jones	✔
Bitcoin	✔
EUR/USD	✔
Boeing	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　ECHForex has account types: Base, Advanced, and Professional. Traders who want both low spreads and low leverage can choose a base account and those with sufficient budget can open a professional account.

Account Type	Base	Advanced	Professional
Minimum deposit	$500	$1000	$10000
Leverage	1:20	1:500	1:500

Leverage

　　The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Customer Support Options

　　ECHForex supports 24-hour personal support and traders can contact ECHForex via phone and email.

Contact Options	Details
Phone	+44 (0) 130 23 481
Email	support@echforex.com
Supported Language	English/Chinese
Website Language	English/Chinese
Physical Address	23, Sturt Street, Melbourne, Vlc 3008, Australia