ECN Broker Review

 

Overall, ECN Broker can be summarised as a credible and trustworthy broker and is considered fairly low-risk with competitive spreads and trading fees. ECN Broker has an overall trust score of 60 out of 99. ECN Broker offers AMTS Depth of Market features.

ECN Broker At a Glance

Overall Rating

• 2.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

FSA

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our ECN Broker below.

ECN Broker review – 19 key point quick overview:

1. ECN Broker At a Glance
2. ECN Broker Overview
3. ECN Broker Safety and Security
4. ECN Broker Sign-Up Bonus
5. ECN Broker Minimum Deposit
6. ECN Broker Demo Account
7. ECN Broker Leverage
8. ECN Broker Accounts
9. ECN Broker Market instruments
10. ECN Broker Fees, Spreads & Commissions
11. ECN Broker Deposit and withdrawal
12. ECN Broker Trading platforms
13. ECN Broker Current Popularity Trend
14. ECN Broker vs Exness vs XM – a Comparison
15. ECN Broker Customer Reviews
16. ECN Broker Pros and cons
17. ECN Broker Conclusion
18. ECN Broker Disclaimer
19. Frequently Asked Questions

ECN Broker Overview

According to research in South Africa ECN BROKER is a Forex broker with a head office in Kingston and registered in Saint Vincent and the Grenadines.

According to its website ECN BROKER aims to create a business environment as transparent and honest as possible, with no limitations between the market and the trader.

ECN BROKER promises direct interaction (ECN) with liquidity providers anywhere in the world, for traders to review the successful strategies of the world’s best traders.

The broker provides clients with access to the most efficient financial instruments, those selected and tested by leading experts from around the world.

ECN Broker Safety and Security

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

ECN BROKER is incorporated under registered number 25091 IBC 2018 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines.

ECN Broker Sign-Up Bonus

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

ECN Broker Minimum Deposit

The minimum deposit amount required to register an ECN Broker trading account is $1. This minimum deposit is equivalent to R16 ZAR at the current exchange rate between the  South African Rand & United States Dollar.

ECN Broker Demo Account

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

ECN Broker 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 to 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.

ECN BROKER offers a maximum leverage ratio of 1:1000

Overall Rating

• 2.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

FSA

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

ECN Broker Accounts

A forex account at ECN BROKER 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.

ECN BROKER offers the following types of accounts:

ECN Account

Minimum deposit required: $250

Spreads: float from 0,0 pips

Commission: $4, €4, ₽250 (1 lot)

Instruments: Forex, Metals, CFD indices, CFD commodities, CFD stocks

Deposit currencies: USD, EUR, RUB

Platform: MetaTrader 4

Maximum leverage: 1:500

Swap free/Islamic account on request

ECN Fixed Account

Minimum deposit required: 100$

Spread: Fixed 3 pips

Commission: $0

Instruments: Forex, Metals, CFD indices, CFD commodities, CFD stocks

Deposit currencies: USD, EUR, RUB

Platform: MetaTrader 4

Maximum leverage: 1:1000

Islamic or swap-free on request

ECN Mini Account

Minimum deposit required: 1$

Spreads: floating from 1.2 (point)

Commission: $0

Instruments: Forex, Metals

Deposit currencies: USD, EUR, RUB

Platform: MetaTrader 4

Maximum leverage: 1:1000

Islamic account on request

How to open an ECN Broker  account

1.  Step 1  – Select an account

Navigate to ECN broker website and select the option to “start trading”

2.  Step 2 – Register an account

Complete the information requested and select register

Similarly to a bank, to register a forex trading account with ECN BROKER for the first time, you will be required to go through a basic “know your customer” process, which will allow ECN BROKER to ascertain that your submitted details and ensure the safety of your funds and account details.

ECN Broker 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 play 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.

ECN BROKER offers the following of the above for trading: Forex, Metals, CFD indices, CFD commodities, CFD stocks

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

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$100

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#2

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FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

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#3

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CySEC, MWALI, FSCA

$25

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#4

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CySEC, FCA, FSA, FSCA

$100

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#5

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

$10

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#6

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CySEC, ASIC, FSA, BVI, FSCA

$25

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#7

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ASIC, CySEC, FSA, SCB

$200

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#8

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ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

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#9

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FCA, CySEC, FSCA, SCB

$100

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#10

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FSCA, FSC, ASIC, CySEC, DFSA

$5

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#1

4.8/5

User Score

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#2

4.7/5

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#3

4.7/5

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#4

4.4/5

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#5

4.7/5

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#6

4.0/5

User Score

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#7

4.7/5

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#8

4.8/5

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#9

4.5/5

User Score

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#10

4.9/5

User Score

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ECN Broker Fees, Spreads & Commissions

Cost depends on different factors, like spread and margins, and ECN BROKER 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.

ECN BROKER offers floating spreads (from 0.0 pips) on certain accounts and fixed on others.

ECN Broker Deposit and withdrawal

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

ECN BROKER does not charge a fee for depositing and withdrawing funds. The bank and method used will determine whether there would be any cost. More details about commissions as well as detailed information about the methods of funding a trading account will be available once a customer logs into his trading account.

The minimum deposit amount for an ECN Account is $250, for an ECN Fixed Account it is 100$ and for a Mini Account, it is 1$.

ECN Broker Trading platforms

The forex trading platform provided by ECN BROKER 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.

ECN BROKER provides MetaTrader 4 offers traders the widest possibilities, advanced technical analysis, a flexible trading system, algorithmic trading, and trading advisors.

ECN BROKER also offers the MetaTrader 4 Mobile version, a fully functional application for all mobile devices, including tablets, regardless of the operating system. It is optimized for Chrome on Android and iOS and provides all features and benefits, including a single account for all types of devices.

With the app a trader can fully control his trading account, get access from anywhere in the world at any time and use all MetaTrader 4 execution modes and orders.

Risk Allocation and Money Management (RAMM), a secure investment service that allows getting profit on financial markets by following the trading strategies of experienced traders, is also available.

The platform has an intuitive interface, which simplifies the process of making a profit and protects capital from sudden and unpredictable losses.

The system calculates the lot size for copying signals based on the proportions of investments and the manager’s capital.

All copied orders are executed instantly at market prices to ensure high copy accuracy and give better earning potential, especially for high-frequency trading systems.

At the end of each trading period, after the close of the trading session, all traders of the RAMM service automatically accrue profits for the week.

ECN Broker Current Popularity Trend

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

ECN Broker vs Exness vs XM – a Comparison

ECN Broker  Customer Reviews

Ram-trade just opening for me Ram-trading is just a discovery for me.

Now there is no time to trade and this tool helps more than ever. An additional commission for the service is minimal, while there is a stable additional income. Be sure to read the conditions, maybe someone will be interested. There is no deception with the enrollment of money, so the tool is working.

scam broker

scam broker, my client wd profit & capital ± $ 3000 not paid for unclear reasons

Normal broker

Normal broker, good conditions for ESN accounts.

ECN Broker Pros and cons

ECN Broker Conclusion

ECN BROKER can be described as a company that uses modern solutions for high-speed processing of orders, low spreads from 0 points, the best liquidity providers to protect traders from many trading risks and the best quotes from the most reliable liquidity providers.

They offer MT4 as a platform and promise to secure client funds.

ECN Broker Disclaimer

ECN BROKER 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 ECN BROKER, 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.

ECN BROKER 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 ECN BROKER cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

Overall Rating

• 2.6/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 1

Regulators

FSA

Trading Platform

MT4

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Frequently Asked Questions

Is ECN Broker a fake or scam broker?

ECN Broker is registered by the Financial Services Authority of Saint Vincent and the Grenadines.

What is the overall rating for ECN Broker?

ECN Broker’s rating overall is 5/10

Which live trading accounts does ECN Broker offer?

• ECN Account
• ECN Fixed Account
• ECN Mini Account

What are the available deposit currencies for a live trading account?

USD, EUR, RUB.

Does ECN Broker offer leverage?

Yes, ECN Broker offers maximum leverage of 1: 500