Company Profile
Company Profile
Review summary
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 |
| 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 | $1.5 per lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Android, IOS | Beginners |
| MT5 | ✔ | Desktop, Android, iOS | Experienced traders |
Deposit and Withdrawal
ECG Brokers accepts payments via VISA, Mastercard, PayPal, Skrill, and NETELLER.
Wilhelmina Featherstonehaugh
Mexico
Approached ECG Brokers cautiously due to the absence of regulation. While the trading options are extensive, transparency issues, limited support channels, and regulatory concerns make it a risky choice.
Neutral
Una丶Daddy
Cambodia
Impressed with ECG Brokers' diverse trading options, competitive spreads, and user-friendly MetaTrader platforms. Over a year of trading with them has been fruitful, but the lack of regulation is a concern.
Neutral
jacob9237
United Arab Emirates
Great trading platform, Been trading with them for a while now and i have no come across any issues. They have got a really good educational platform as well.
Positive
純爺們
India
The information provided by this broker on its website is exhaustive. If there would be more - then it's too much, if there would be fewer - then it's too small. You know, it's kind of a balance. All the instruments are available such as forex, commodities, indices, cryptocurrencies and others. They are quite handy, but of course, traders don't use all of them.
Positive