All Share (J203) = 89 519
Rand / Dollar = 18.22
Rand / Pound = 23.54
Rand / Euro = 19.71
Gold (usd/oz) = 3 020.67
Platinum (usd/oz) = 980.32
Brent (usd/barrel) = 72.07
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Ec Markets Review

 

Ec Markets Review ZAR
 

Overall, Ec Markets can be summarised as a reliable and trustworthy broker and is considered fairly low-risk with competitive trading spreads. Ec Markets has an overall trust score of 80 out of 99. Ec Markets offers 150+ tradable instruments and no commission fees for STD accounts.

 

Ec Markets At a Glance

 

Broker's NameEc Markets
🏛️ HeadquartersKingstown, St. Vincent and the Grenadines
📅 Year Founded1957
⚖️ Regulating AuthoritiesFinancial Services Authority of Seychelles with license number: SD009
🌐 Countries not accepted for tradeResidents in the UK, EU and USA
📌 Accounts ECN Account
STD Account
Mini Account
☪️ Islamic account (swap-free)No
📒 Demo AccountYes
✴️ Institutional AccountsNo
👨🏼‍💼 Managed Accountsyes
⬆️ Maximum Leverage1:500
👉 Sign Up Bonus No
💰 Minimum Deposit$10 USD / R160 ZAR
💳 SpreadFrom 0.00 - 1.2 pips
💳Fees No Deposit or withdrawal fees
💳 Deposit OptionsBank transfer
💳 Withdrawal OptionsBank transfer
📊 Platform TypesMetaTrader 4, MT Mobile, and WebTrader
📶 OS CompatibilityWeb, Android, iOS
📈 Tradable assets offered Major FX Pairs, Minor FX Pairs, Precious Metals, CFD Indices, Crude Oil
💬 Languages supported on WebsiteEnglish, Chinese
💬 Customer Support LanguagesEnglish, Chinese
⏲️ Customer Service HoursMonday to Friday 09:00 to 20:00 (GMT+8)
🔎 Open an Account👉 Click Here

 

Min Deposit

USD 10

Regulators

FSA

Trading Platform

MT4, MT Mobile, WebTrader

Crypto

No

Total Pairs

50+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

📍 Choose your quick section of our Ec Markets below.

 

Ec Markets review – 17 key point quick overview:

 

  1. ✔️Ec Markets At a Glance
  2. ✔️Ec Markets Overview
  3. ✔️Ec Markets Safety and Security
  4. Ec Markets Sign-Up Bonus
  5. Ec Markets Minimum Deposit
  6. Ec Markets Demo Account
  7. Ec Markets Leverage
  8. Ec Markets Accounts
  9. Ec Markets Market instruments
  10. Ec Markets Fees, Spreads & Commissions
  11. Ec Markets Deposit and withdrawal
  12. Ec Markets Trading platforms
  13. Ec Market Current Popularity Trend
  14. Ec Markets Pros and cons
  15. Ec Markets Conclusion
  16. Ec Markets Disclaimer
  17. Frequently Asked Questions

 

Ec Markets Overview

 

Ec Markets Overview

 

According to research in South Africa, Ec Markets is a forex broker incorporated in Saint Vincent and the Grenadines. The company head offices are in Kingstown.

 

Ec Markets offers the MetaTrader 4, MT Mobile, and WebTrader forex trading platforms to customers who can trade over 50 currency pairs, stocks, metals, oil, commodities, indices, and bonds.

 

Ec Markets does not accept residents in the UK, EU, and USA as clients.

 

Ec Markets Safety and Security

 

Ec Markets Safe and Secure

 

One of the best benchmarks to measure the safety of a broker like Ec Markets is to establish which regulating authorities are watchdogs over its actions.

 

Ec Markets seems not to be regulated by any financial authority but claims that the security of client funds is a priority to them and declares that customer deposits are kept separate from their own operating funds in order to protect clients’ assets.

 

Ec Markets maintains these funds in a client bank account at Barclays Bank, A Tier 1 bank, a bank with which they have trust certificates.

 

Ec Markets Sign-Up Bonus

 

Ec Markets Sign up details

 

Ec Markets does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.

 

Ec Markets Minimum Deposit

 

⭐ Features ℹ️ Information
💰 Minimum Deposit$10 USD / R160 ZAR
📊 Average spreads fromFrom 0.00 to 1.2 pips
💳 Deposit / Withdrawal feesNone
📊 Maximum leverage1:500
🔥 Bonusnone
☎️ Customer support24/5

 

The minimum deposit amount required to register an Ec Markets trading account is $10. This minimum deposit is equivalent to R160 ZAR at the current exchange rate between the  South African Rand & United States Dollar.

 

Ec Markets Demo Account

 

Ec Markets Demo Account

 

Ec Markets does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Ec Markets demo account does not have a specific expiry date.

 

Ec Markets Leverage

 

Ec Markets Leverage

 

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

 

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

 

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

 

For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

 

Ec Markets does not give any information on their website regarding leverage ratios.

 

Min Deposit

USD 10

Regulators

FSA

Trading Platform

MT4, MT Mobile, WebTrader

Crypto

No

Total Pairs

50+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Ec Markets Accounts

 

💠Feature📈 ECN Account📈 STD Account📈 Mini Account
📊 Minimum Deposit$2000 USD / R 32 000 ZAR$200 USD / R 3200 ZAR$10 USD / R 160 ZAR
📈 Spreads0.0 pips1.2 pips 0.6 pips
💵 FeesNo Deposit fees / No withdrawal feesNo Deposit fees / No withdrawal fees No Deposit fees / No withdrawal fees
💳 Leverage1:5001:5001:500
👉 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

A forex account at Ec Markets is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

 

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

 

Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.

 

Ec Markets seems to offer only one type of account, although suggests that they may open different types of accounts for different product types. No information regarding the differences is given, except for mentioning that a specific type of account will be opened after accepting an application form.

 

Mention is however made that Ec Markets provides professional accounts for professional traders, which guarantees that they can participate in global trading.

 

The trading cost of is claimed to be low to make trading as profitable as possible for customers. There is no mention of a minimum or suggested minimum deposit on the website.

 

Ec Markets offers spreads from 0.0 pips, EA-enabled strategy trading and API access, low latency, and low commission charges.

How to open an Ec Markets account

 

1.  Step 1 – Register an account

 

Navigate to the Ec Markets website home page and select the option to open an account.

 

Ec Markets Open an account

 

2.  Step 2 – Select Registration

 

Select the option to register an account.

 

Ec Markets Register an account

 

3.  Step 3 – Complete information

 

Complete all information requested and select register.

 

Ec Markets Complete information

 

4.  Step 4 –Account Verification

 

Once the account it registered, the client will receive a verification email. Once the account is verified, the client can log in and start trading.

 

Ec Markets Market instruments

 

Ec Markets Market Instruments

 

The most popular market instruments available from most brokers for trading include:

 

Forex

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

 

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

 

Indices

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

 

Precious metals

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

 

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

 

Ec Markets offers the following: Major FX Pairs, Minor FX Pairs, Precious Metals, CFDs, Indices and Crude Oil.

 

Ec Markets Fees, Spreads & Commissions

 

Ec Markets Fees and Spreads

 

Cost depends on different factors, like spread and margins, and Ec Markets clients may also experience different fee structures according to their country or place of residence.

 

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

 

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

 

Ec Markets stipulates that it offers trading spreads in non-differentiated markets and that trading cost is the primary factor affecting the trading profit of traders. The website continues to say that Ec Markets offers clients highly competitive low commissions and tight spreads.

 

Ec Markets offers spreads from 0.0 pips, EA-enabled strategy trading and API access, low latency and low commission charges. Such low transaction costs and speed of execution are supposed to help traders enhance their trading experience.

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Ec Markets Deposit and withdrawal

 

Ec Markets Deposit and Withdrawals

 

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

 

In Ec Markets claims that customer interests always come first, hence they try to make account deposits and withdrawals easier.

 

The website describes the process to deposit funds in an Ec Markets account but does not give information on what methods customers may use to deposit money or what a minimum required deposit may be.

 

A similar process is described for an account withdrawal, but once again no indication is given about any method other than asking for bank details.

 

Ec Markets Trading platforms

 

Ec Markets MetaTrader 4

 

The forex trading platform provided by Ec Markets to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

 

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

 

Ec Markets provides MetaTrader 4 MultiTerminal to account holders, allowing them to manage multiple MT4 accounts from one interface. It can also be used by money managers since by only using one master account and its password, one can manage multiple MT4 accounts for transactions on one operation interface simultaneously.

 

Many execution modes are provided to fulfill the requirements of percentage allocation, predefined volume, and capital proportion allocation.

 

Ec Market Current Popularity Trend

 

According to Google Trends, here is an overview of how frequently the search term – “Ec Markets” is entered into Google’s search engine over a given period of time.

 

 

Ec Markets Pros and cons

 

✔️ Pros❌ Cons
Keep client funds in segregated accountsOffshore broker
  Offers MTV as trading platformSign-up and welcome bonus not offered
Social trading supportedSpreads are marked-up
Loyalty program offered for loyal customersVerification is complicated and time-consuming
Low initial capital
Commission-free trading

Ec Markets Conclusion

 

Ec Markets can be described as a company that claims to give customers access to multiple CFD markets in Forex, Indices and Commodities.

 

Their intuitive trading platform is designed to enhance the trading experience. Customers can trade instantly and securely from a mobile, tablet or desktop device.

 

Ec Markets MetaTrade

 

Ec Markets Disclaimer

 

Ec Markets warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

 

Before deciding to trade with Ec Markets, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

 

Ec Markets warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence EC MARKETS cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

 

Min Deposit

USD 10

Regulators

FSA

Trading Platform

MT4, MT Mobile, WebTrader

Crypto

No

Total Pairs

50+

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

 

Frequently Asked Questions

 

 

What are the tradable instruments offered by EC Markets?

 

Tradable instruments include Major Forex Pairs, Minor Forex Pairs, Precious Metals, CFD Indices and Crude Oil

 

What is the overall rating for EC Markets out of 10?

 

EC Markets overall rating is 8/10

 

Which platforms are supported by EC Markets?

 

EC Markets provides the following popular trading platforms:

  • MetaTrader 4,
  • MT Mobile,
  • WebTrader.

 

Does EC Markets offer a Sign-up Bonus?

 

No, a sign-up bonus is not offered by this broker.

 

Does EC Markets offer a demo account?

 

Yes, EC Markets does have a demo account option.

4.1/5 - (18 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

January 20, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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