EC Markets review.

Overview

TrueBroker is a free broker safety checker, and this page is our review of EC Markets, scored 6 out of 10 across regulation, fees, platform, support and reviews.

EC Markets is not one company but a group of separately licensed entities trading under the same brand. EC Markets Group Ltd is the UK entity, authorised by the Financial Conduct Authority under FRN 571881, a licence the FCA register lists as effective from 08/08/2012 and confirms is held by a company with Companies House number 07601714. EC Markets Financial Limited, incorporated in New Zealand with its registered address at Level 1, 1 Albert Street, Auckland, is the same company name used to hold the ASIC licence for Australian clients (AFSL no. 414198, confirmed by the ASIC register against ABN 39152535085), the FSCA licence for South African clients (FSP 51886, confirmed as Authorized), and the FMA licence claimed for New Zealand (FSPR No. FSP197465, which we could not check because we hold no register entry for the New Zealand FMA). EC Markets Limited is the Mauritius entity, confirmed on the Mauritius Online Public Register Mauritius Online Public Register as holding a SEC 2.1B Investment Dealer licence since 20/06/2022, though the register does not publish a licence number, so the firm’s own quoted number, “GB21200130”, is unverified. A separate EC Markets Limited in Seychelles is listed by the Seychelles Financial Services Authority as a regulated securities dealer, again without a published licence number, so “License No. SD009” is the firm’s own claim rather than a confirmed figure. In Dubai, EC Markets Securities & Financial Promotion L.L.C. is confirmed on the UAE Capital Market Authority register as CP-0001382, holding what the firm’s own pages describe as a category 5 licence for ranking and advice, and its own legal page states plainly that this entity “is not authorised to hold client assets or client money.”

What the broker tells clients about risk and cost

EC Markets’ own risk disclosure, as quoted on its about page, warns that trading “may result in losses exceeding the initial deposit,” language that does not amount to a negative balance protection guarantee. On its fees page, the firm describes swap adjustments as occurring daily at 00:00 GMT+2, with interest settling two days later, meaning a position held from Wednesday to Thursday is charged three days of interest, settled on Monday. On payments, the broker’s legal page states in its marketing text that there are no deposit fees and that withdrawals are credited within two hours. We searched 1,441 warning list entries mirrored from the FCA, CySEC and FSC Mauritius, and the broker does not appear on any of them.

The account terms published on the broker’ own account comparison page do not always match figures reported elsewhere about the same three accounts: that page gives Margin Call at 50% and Stop Out at 30% with ECN commission of $1.5 per lot per side and a $5,000 minimum for the PRO account, while an earlier published review of the same accounts reported Margin Call at 100%, Stop Out at 50%, ECN commission of $3 per lot per side, and a $10 PRO minimum. Given the conflict, we have treated the broker’s own current page as the reference point in the table below. Two attempts to fetch the formal Client Agreement and Risk Disclosure documents for the ae, id and au regions failed to render, so contract terms such as liability caps, governing law and withdrawal limits are unverified from our evidence beyond what appears on the pages we could read.

Overview Table

Facts List

• EC Markets Group Ltd holds FCA authorisation FRN 571881, confirmed by the FCA register as effective from 08/08/2012.
• EC Markets Financial Limited holds AFSL 414198, confirmed by the ASIC register against ABN 39152535085 since 17/02/2012.
• The same EC Markets Financial Limited, registered in Auckland, New Zealand, is also the entity behind the FSCA licence (FSP 51886) and the claimed but unchecked FMA licence.
• EC Markets Limited is confirmed on the FSC Mauritius Online Public Register as an Investment Dealer (SEC 2.1B) since 20/06/2022, though the register does not publish the licence number the firm quotes.
• EC Markets Securities & Financial Promotion L.L.C. is confirmed on the UAE Capital Market Authority register as CP-0001382 and, by its own legal page, “is not authorised to hold client assets or client money.”
• Attempts to look up EC Markets in the Mauritius company registry and the Seychelles company registry did not return a confirmed match, which our evidence records as a checking gap rather than an absence.
• We searched 1,441 warning list entries mirrored from the FCA, CySEC and FSC Mauritius, and found no match for EC Markets.
• The firm’s fee page states swap interest settles two days late, so a Wednesday to Thursday overnight position is charged three days of interest.
• The firm’s own account comparison page and an earlier published review report different Margin Call, Stop Out, ECN commission and PRO minimum deposit figures for the same three accounts.
• The firm’s own risk disclosure, quoted on its about page, states a client “may result in losses exceeding the initial deposit.”

Key Takeaways

EC Markets’ licences check out with all six financial regulators whose registers we could search (the FCA, ASIC, the Seychelles FSA, the FSC Mauritius, the FSCA and the UAE CMA), but the group’s structure means “EC Markets” is not one regulated entity, it is several, and which one holds a client’s money changes the protection that applies.

What the registers confirm

• The FCA register shows FRN 571881 held by EC Markets Group Ltd, status Authorised, effective 08/08/2012, with Companies House number 07601714 attached. That FCA authorisation covers only UK clients, per the firm’s own pages.
• The ASIC register shows AFS licence 414198 held by EC Markets Financial Limited, ABN 39152535085, since 17/02/2012.
• The Seychelles FSA lists EC Markets Limited (trading as EC Markets) as a regulated securities dealer, though the register does not publish licence numbers, so the firm’s own “License No. SD009” remains unverified against the register itself.
• The FSC Mauritius Online Public Register lists EC Markets Limited holding SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting), licensed 20/06/2022. The register gives the licence type and date but not a licence number, so the two different numbers the firm and an earlier review each quote, Licence No. GB21200130 and License No. GB2100130, are both unconfirmed against the register.
• The South Africa FSCA register shows FSP 51886 held by EC Markets Financial Limited, status Authorized.
• The UAE Capital Market Authority register lists EC Markets Securities & Financial Promotion L.L.C as CP-0001382, status Active, listed since 2025. The register publishes that CP code rather than the License No. 20200000281 the firm quotes, so again the company is confirmed and the number is not.
• Companies House lists EC Markets Group Ltd as company 07601714, Private limited Company, incorporated 12 April 2011, status Active. That is a company registry entry, not a financial licence.
• We hold no register for the New Zealand Financial Markets Authority, so FSPR No. FSP197465 has not been checked, and that is a gap in our directory rather than a finding about the firm. The same applies to the Mauritius company registry, the UAE federal company registration, the Australian and New Zealand company registers, and the Seychelles company registry, none of which we could check. A Seychelles company search for “Markets” returned 152 results but did not list EC Markets Limited (Seychelles) among them, which is a limit of that search, not an absence finding.
• We searched 1441 warning-list entries mirrored from the FCA, CYSEC and FSC Mauritius, and EC Markets appears on none of them.

One entity cannot hold client money

EC Markets Securities & Financial Promotion L.L.C, the Dubai entity, holds a category 5 CMA licence covering ranking and advice, and the firm’s own about and legal pages state plainly that it “is not authorised to hold client assets or client money.” A client onboarded through that UAE entity is dealing with a company that is legally barred from safeguarding their trading funds itself, a materially different arrangement from the FCA or ASIC entities.

Same Auckland address, three different regulators

EC Markets Financial Limited is the entity behind the ASIC, FMA and FSCA licences alike, and all three registrations give the same address, Level 1, 1 Albert Street, Auckland 1010, New Zealand. A trader dealing with what looks like the Australian or South African arm of the business is contracting with a New Zealand-incorporated company, and which courts or compensation scheme apply depends on which registration they were onboarded under, not on where they live.

What EC Markets charges

• The broker’s own account-comparison page lists three accounts: STD (minimum $10, spreads from 1.0 pips, no commission), ECN (minimum $10, spreads from 0.0 pips, commission $1.5 per lot per side) and PRO (minimum $5,000, spreads from 0.0 pips, no commission). All three list leverage up to 1:1000, margin call at 50% and stop out at 30%.
• An earlier review of the same three accounts gives different figures throughout: ECN commission of $3 per lot per side rather than $1.5, margin call at 100% and stop out at 50% rather than 50%/30%, and a PRO minimum deposit of $10 rather than $5,000. These are materially different risk parameters for accounts with the same names, and the broker’s own current page should be treated as the live figure.
• The firm’s fee page describes swap adjustments running daily at 00:00 GMT+2, with interest settling two days later, so a position held open from Wednesday to Thursday is charged three days’ interest, covering Friday through Sunday, settled on Monday. That means Wednesday overnight positions carry triple the normal swap charge.
• The firm’s contact and fees pages state that deposits carry no fee and that withdrawals are credited within 2 hours, without tying that promise to a payment method.

Support and documents we could not read

The only support contact published on the contact and legal pages is an email address, support@ecmarkets.com; the contact form asks for the client’s own phone number but gives no support line. No phone number, live chat or support-hours listing appears on either page. Two attempts to fetch the formal Client Agreement and Risk Disclosure documents across the ae, id and au regions failed to render, returning 79 and 28 characters of text respectively, so the primary source for terms on liability, governing law and withdrawal limits could not be captured for our evidence. What the firm’s own risk disclosure text does say, on the pages that did render, is that trading “may result in losses exceeding the initial deposit,” which rules out any blanket negative-balance guarantee for these entities unless stated elsewhere.

Licenses & Regulation

EC Markets is not one regulated company but five, and which one a client ends up contracting with depends on where they sign up from. We checked the licence numbers the group publishes against the relevant registers directly rather than taking the firm’s own page as the final word.

What the FCA and ASIC registers confirm about EC Markets

The FCA register lists FRN 571881 under EC Markets Group Ltd, status Authorised, effective 08/08/2012, and ties it to Companies House number 07601714. That confirms the licence the firm quotes, but it only covers UK readers; other readers are onboarded by separate the broker entities in Mauritius, Seychelles, New Zealand and Australia, and the UAE, according to the firm’s own pages.

The ASIC register confirms AFS licence 414198 is held by EC Markets Financial Limited, ABN 39152535085, since 17/02/2012. As with the FCA entry, this licence covers Australian clients only. Notably, the firm’s own legal page gives the same registered and trading address, Level 1, 1 Albert Street, Auckland 1010, New Zealand, for EC Markets Financial Limited’s ASIC, FMA and FSCA registrations alike, so a client onboarded as “Australian” or “South African” may in fact be contracting with a New Zealand incorporated company.

Companies House confirms EC Markets Group Ltd as company 07601714, a private limited company incorporated 12 April 2011, status Active. Companies House is a company registry, not a financial regulator, so this confirms the company exists and is current, not that any particular licence is valid.

The Mauritius and Seychelles licences, and a number that does not match

The FSC Mauritius Online Public Register lists EC Markets Limited holding a SEC 2.1B Investment Dealer (Full Service Dealer excluding Underwriting) licence, dated 20/06/2022. That confirms the company and the type of permission it holds. The register does not publish the licence number itself, so the figure the firm quotes, “Licence No. GB21200130,” cannot be checked against the register. Anyone relying on the exact number should confirm it with the FSC directly.

The Seychelles FSA register lists EC Markets Limited, trading as the broker, as a regulated securities dealer, which confirms that entity. As with Mauritius, the register does not publish licence numbers, so “License No. SD009” remains the firm’s own claim and is unverified.

South Africa and the UAE

The FSCA register confirms FSP 51886 as held by EC Markets Financial Limited, status Authorized, the same New Zealand incorporated entity referenced above under its Australian licence.

The UAE Capital Market Authority register lists EC Markets Securities & Financial Promotion L.L.C as CP 0001382, status Active, listed since 2025, which confirms that company. The register publishes a CP code rather than the “License No. 20200000281” the firm quotes, so the company is confirmed and the number is not. More importantly, the firm’s own pages state this entity “holds a category 5 license: ranking and advice” and “is not authorised to hold client assets or client money.” A client onboarded through the UAE entity is dealing with a company that is legally barred from safeguarding trading funds itself, a materially different protection from the FCA or ASIC entities.

What we could not check

We hold no register entry for New Zealand’s Financial Markets Authority, so FSPR No. FSP197465 has not been checked; that is a gap in our directory, not a finding about the firm. The same applies to the company registration numbers the firm publishes for its Mauritius GBC, its UAE federal registration, its Australian ARBN, and its New Zealand Companies Office entry, none of which we hold a register for yet. We did search the Seychelles Business and Company Search for “Markets” and it returned 152 results but did not list “EC Markets Limited (Seychelles)” among them, so absence is not established there either, only that we did not find it in that search. Before recording any of these gaps as absences, we ran a positive control on 15 registers, searching for a firm already known to be listed, so a genuine “not found” would mean absence rather than a broken search; these particular numbers simply fall outside the 13 registers we hold.

Warning lists and the documents we could not read

We searched 1441 warning list entries mirrored from the FCA, CySEC and FSC Mauritius, and the broker appears on none of them. That covers only the regulators we mirror, not every regulator worldwide, but it is a clean result across three of the ones most likely to flag a CFD broker.

Two attempts to fetch the formal Client Agreement and Risk Disclosure documents for the ae, id and au regions failed to render, returning only 79 and 28 characters of text. That means the primary source for contract terms such as liability caps, governing law and withdrawal limits could not be captured for those regions in this pass. What the firm’s risk disclosure text on the pages we did read states is that trading “involves a high level of risk and may result in losses exceeding the initial deposit” on the ae, id and au sites, and “you could lose more than your deposits” on the UK site, language that does not describe negative balance protection.

How to Trade

Three accounts, three different costs

EC Markets’ own account-comparison page lists three accounts, all trading forex pairs, metals, energies, indices, cryptocurrency CFDs and stocks. The STD account opens with a $10 minimum deposit, spreads from 1.0 pips, no per-lot commission, and leverage up to 1:1000. The ECN account also opens at $10, spreads from 0.0 pips, and adds a commission of $1.5 per lot per side on top, again up to 1:1000 leverage. The PRO account needs $5,000, keeps the 0.0 pip spread floor, drops the commission to zero, and keeps the same 1:1000 leverage ceiling. All three accounts carry the same margin call level, 50%, and the same stop out level, 30%, according to that page.

An earlier published review of the broker gave different numbers for the same three accounts: a $3 per lot per side ECN commission rather than $1.5, a 100% margin call and 50% stop out rather than 50% and 30%, and a $10 PRO minimum deposit rather than $5,000. We did not check those figures first hand; they reached us only through that earlier review, and they do not match what the broker’s own account page shows now. Anyone opening a PRO account in particular should confirm the live minimum before funding it, since the two sources are 500 times apart.

What’s on offer beyond forex

Alongside forex, metals, energies and indices, the broker’ accounts page lists cryptocurrency CFDs and stocks as tradable asset classes. A company-news post on the firm’s own site, dated 3 September 2026, frames the stock offering as new: “EC Markets Launches Stock CFDs: 20+ US Names Now Ready to Trade.” That reads as a recent addition of roughly two dozen US names rather than a broad, established equities book. Cryptocurrency CFDs, per the earlier review being rewritten here, are not offered to UK traders.

The swap rule that triples a Wednesday charge

EC Markets’ own fee page states that swap and interest adjustments run daily at 00:00 GMT+2, but because interest settles two days later, a position carried from Wednesday into Thursday is charged three days of interest in one go, covering Friday, Saturday and Sunday, settled on the following Monday. A position held open overnight on a Wednesday is charged three times the swap of any other weeknight, a detail that sits inside the pricing page rather than in the headline spread figures.

Platforms

EC Markets’ own site lists MetaTrader 4 and MetaTrader 5 as its trading platforms, alongside the EC Markets App, its own branded app for iOS and Android, described on the firm’s about page as letting a client “Trade, fund & manage accounts anytime, anywhere.” The firm’s platforms page lists Expert Advisors, custom indicators and more than 80 technical indicators as available on MT4, on desktop and mobile.

What the Dubai entity can’t do with a client’s funds

A client routed to EC Markets Securities & Financial Promotion L.L.C, the Dubai entity, is trading with a company that carries a specific limit. The firm’s own legal page states it “is authorised and regulated by the Capital Market Authority (CMA), (License No. 20200000281) and holds a category 5 license: ranking and advice. It is not authorised to hold client assets or client money.” That means the Dubai entity itself is not the party that can hold a client’s trading funds, unlike the FCA and ASIC entities in the same group.

On the risk side, the broker’ ae, id and au pages warn that trading may result in losses exceeding the initial deposit, and the firm’s gb-facing risk disclosure puts the same point more plainly: “You could lose more than your deposits.” Neither statement is qualified, in the material read for this review, by any separate negative-balance-protection guarantee.

Account Types

EC Markets’ own account comparison page lists three accounts, and the numbers on that page are the ones to work from, since a separate source we hold gives materially different figures for the same three accounts.

The STD account

The broker’s account comparison page gives a $10 minimum deposit, spreads from 1.0 pips, zero commission, leverage up to 1:1000, a 50% margin call level and a 30% stop out level. The tradable classes listed are FX pairs, indices, metals, energies, cryptocurrencies and stocks.

The ECN account

The same page gives a $10 minimum deposit, spreads from 0.0 pips, leverage up to 1:1000, and the same 50% margin call and 30% stop out levels as the STD account. The commission is listed as $1.5 per lot per side. A separate source we hold, our earlier review rather than a page we fetched, gives the ECN commission as $3 per lot per side for the same account, along with a 100% margin call and 50% stop out level rather than the 50%/30% the broker’s own page states. Those are materially different trading conditions for an account of the same name, and the broker’s own current page is the one to treat as authoritative, but the discrepancy itself is worth flagging before funding this account.

The PRO account at EC Markets

The broker’s page gives a $5,000 minimum deposit, spreads from 0.0 pips, zero commission, leverage up to 1:1000, and the same 50% margin call and 30% stop out levels as the other two accounts. The earlier review referenced above puts the PRO minimum deposit at $10 instead, again a figure that conflicts with the broker’s current page rather than confirming it.

Beyond the three named accounts, the broker’s general marketing text on its own pages advertises “spreads as low as 0” and leverage “up to 1:1000” without tying either figure to a specific account, and separately states there are no deposit fees, though banks, card issuers or payment processors may apply their own charges. On the fee side, EC Markets’ own pricing page describes swap or interest adjustments as occurring daily at 00:00 GMT+2, and because interest settles two days later, a position held open from Wednesday to Thursday is charged three days of interest, covering Friday through Sunday, settled on the Monday. That means a position carried overnight on a Wednesday costs three times the swap of an ordinary weekday, a detail buried in the pricing page rather than the account comparison table.

One further point that affects which account terms actually apply: EC Markets Securities & Financial Promotion L.L.C, the entity onboarding UAE clients, holds only a category 5 licence from the UAE Capital Market Authority covering ranking and advice, and its own legal page states it “is not authorised to hold client assets or client money.” A client funding an account through that entity is not the same case as a client funding one through the FCA-regulated EC Markets Group Ltd or the ASIC-regulated EC Markets Financial Limited, since the account terms above assume an entity that can hold the deposit in the first place.

Negative Balance Protection

EC Markets publishes margin call and stop-out levels on its own account-comparison page, and those levels are what decide how far a losing position runs before the platform intervenes.

What EC Markets’ own account page sets as the stop-out trigger

The account-comparison page lists Margin Call at 50% and Stop Out at 30% for the STD, ECN and PRO accounts alike, alongside leverage up to 1:1000 on each. A margin level of 50% is the point at which a client would receive a margin call; the account is stopped out, meaning open positions are automatically closed, once the margin level falls to 30%. This is the mechanism that is supposed to keep a losing trade from running the account balance itself into deficit, and on EC Markets’ current page it applies the same way across all three account types.

What the risk disclosures say about losses beyond the deposit

EC Markets’ own site states, in the risk disclosure served to the ae/id/au regions, that trading “may result in losses exceeding the initial deposit,” and the version served to UK readers states “You could lose more than your deposits.” Neither of those is a hedge or a worst-case footnote; they are the firm’s own description of what can happen to a client’s account, and they read as inconsistent with any blanket negative-balance-protection promise unless such a promise is stated separately somewhere else on the site.

We did not find that separate statement. Two attempts to fetch the formal Client Agreement and Risk Disclosure documents for the ae, id and au regions failed to render during this check, returning almost no text. Those documents are normally where a broker would set out a liability cap, a negative-balance-protection commitment, or the absence of one, in binding terms. Without them, what we can report is limited to the shorter risk-disclosure wording quoted above and the account page’s margin figures; whether EC Markets caps client losses at the deposited balance for any specific entity is not something the pages we were able to fetch address.

Swap charges that compound a losing position held overnight

The fee page, under “Pricing / Competitive Swap Rate,” states that swap and interest adjustments are applied daily at 00:00 (GMT+2), and because interest settles two days later, a position carried open from Wednesday into Thursday is charged three days of interest, covering Friday through Sunday, which is then settled on the Monday. For a trader running a position through a losing patch, that means the carrying cost on a Wednesday rollover is triple the cost on any other weekday, on top of whatever the position itself has lost. It is a cost mechanic rather than a drawdown rule, but it directly affects how fast an open loss grows while the trader is deciding whether to hold or close.

The UAE entity’s licence does not cover holding client money

EC Markets Securities & Financial Promotion L.L.C., the Dubai-registered arm, holds a category 5 licence from the Capital Market Authority described on the firm’s own about and legal pages as covering “ranking and advice,” with both pages stating in the same breath that the entity “is not authorised to hold client assets or client money.” For a reader onboarded through that entity specifically, this matters for the negative-balance question because whatever safeguards exist around margin calls, stop-outs and account funds sit with whichever entity actually custodies the money, not with the Dubai entity itself. The UK arm (EC Markets Group Ltd, FCA-authorised) and the Australian arm (EC Markets Financial Limited, ASIC-authorised) are separate companies with separate licences, and the account terms above come from the broker’s general account page rather than from any one of these entities’ specific client agreement.

Trading Instruments

EC Markets’ own account-comparison page lists six asset classes available to trade: FX Pairs, Metals, Energies, Indices, Cryptocurrencies and Stocks. The firm’s about page repeats the same six categories under a “Market Instruments” menu heading, so the two pages we fetched agree on the shape of the offering.

What EC Markets lists across its three accounts

The account-comparison page spells out the full six-category list against each of its three account rows. The STD Account row carries spreads from 1.0 pips, zero commission, leverage up to 1:1000, a $10 minimum deposit, 50% margin call and 30% stop out. The ECN Account row (spreads from 0.0 pips, commission $1.5/lot per side, $10 minimum) and the PRO Account row (spreads from 0.0 pips, zero commission, $5,000 minimum) both carry the same leverage and margin figures.

A separately published review of EC Markets and did not verify against the broker’s own pages, gives different numbers for these same three accounts: Margin Call 100% and Stop Out 50% rather than the 50%/30% the account page states, an ECN commission of $3 per lot per side rather than $1.5, and a PRO minimum deposit of $10 rather than $5,000. Where the two disagree, the broker’s own current account page is the one we fetched directly, so it is the figure to check before funding an account, but the size of the gap is itself worth noting.

Stock CFDs: a recent addition, not an established lineup

EC Markets’ own company-news page, dated 3 September 2026, is headed “EC Markets Launches Stock CFDs: 20+ US Names Now Ready to Trade.” That dates the Stocks category as a launch of roughly twenty US-listed names rather than a broad, long-standing equities book, and the account and about pages give no further breakdown of which names, sectors or exchanges beyond that count. The same news page also carries a self-published claim from 16 September 2026 of a “Triple Win at the Global Forex Awards 2026,” citing copy trading, gold trading and low spreads among the categories; that is the firm’s own award claim, not one confirmed by an outside source, and it names gold trading without saying anything further about the metals contracts on offer beyond the account page’s plain “Metals” label.

Where the documentation runs out

Two attempts to fetch the formal Client Agreement and Risk Disclosure documents, under the ae, id and au regions, failed to render, returning as little as 28 to 79 characters of text. Those documents would normally be the place a broker fixes contract sizes, tick values, trading hours and a definitive instrument-by-instrument specification sheet; we hold none of that here, so this review cannot confirm lot sizes, contract specifications or the exact symbol list behind any of the six advertised asset classes. The pages we did fetch describe the assets only at the category level named above.

Who is told not to trade which assets

EC Markets’ own site text states plainly: “The information provided on this website is not intended for residents of the UK, EU, US, or any other jurisdiction where its distribution or use may violate local laws, regulations, or sanctions.” The same wording appears on both the site’s root page and its about page. A separately published review adds that cryptocurrency CFDs specifically are not offered to UK traders; we did not verify that restriction against a page of the broker’s own, so it should be read as reported rather than confirmed first-hand.

Education & Analysis

EC Markets Group Ltd’s own site lists three ways to trade: MetaTrader 4, MetaTrader 5, and a broker-branded EC Markets App for iOS and Android. The platforms page and the about page’s platform menu both point to the same three, so the offering is consistent across the pages we fetched, if not detailed everywhere in the same way.

What EC Markets actually documents on MetaTrader 4

MetaTrader 4 is the only platform the firm describes in any depth. The platforms page states it is available on desktop and mobile, supports Expert Advisors and custom indicators, and ships with “over 80 technical indicators.” That is a specific, checkable claim about the charting toolkit, and it is the only one of the three platforms the firm bothers to spell out at that level.

MetaTrader 5 appears only as a name on the same list, on both the firm’s UAE home page and the firm’s UAE about page’s platform menu. Neither page gives it a feature description of its own, an order type, a timeframe count, or anything else that would let a reader compare it to the MT4 entry sitting next to it. Whatever MT5 adds over MT4 for EC Markets clients isn’t stated on the pages we read.

The EC Markets App

The third platform is the firm’s own mobile app, described on the firm’s UAE about page with the line “Trade, fund & manage accounts anytime, anywhere.” That single sentence is the extent of what the about page says about it: no charting feature list, no indicator count, no mention of whether it mirrors MT4’s Expert Advisor support or is a lighter account-management wrapper around MetaTrader. It is listed separately from MT4 and MT5 under the same Trading Platforms heading on the firm’s UAE home page, which at least confirms it is a distinct product rather than a rebrand of one of the MetaTrader apps.

A copy trading award with no copy trading platform on the page

The firm’s own news page reports a “Global Forex Awards 2026 – Retail” win that names copy trading, gold trading and low spreads as the categories (dated 16 Sep 2026). That is a self-published award claim from the firm’s own news feed, not an independently verified one. What we can say from the platforms pages themselves is narrower: neither the firm’s UAE platforms page nor the platform menu on the firm’s UAE about page names a copy trading tool, a signal-provider marketplace, or any social-trading feature alongside MT4, MT5 and the app. The two pages simply don’t mention one, which tells a reader that our fetch of the platforms material found no such listing, not that no copy trading option exists anywhere in the product.

Newly added instruments, no stated platform link

The same news page carries a second item, “EC Markets Launches Stock CFDs: 20+ US Names Now Ready to Trade,” dated 03 Sep 2026, confirming the Stocks category on the account-comparison page is a recent addition of roughly 20 US names rather than an established broad equities book. Neither that announcement nor the account-comparison page ties the new stock CFDs to a specific one of the three platforms, so which of MT4, MT5 or the EC Markets App actually carries the new instrument list isn’t stated on the pages we read.

Documents we couldn’t check

Two fetch attempts at the Client Agreement and Risk Disclosure pages for the ae, id and au regions came back effectively empty, 79 and 28 characters of rendered text according to our fetch log, rather than the documents themselves. Those are the pages that would normally set out platform-specific execution terms, and since they didn’t render, any such terms remain unverified from our evidence rather than confirmed either way.

Special Offers

None of the pages we fetched for EC Markets, the account-comparison page, the fee page, the legal page and the about page, is a promotions page. They describe the STD, ECN and PRO accounts, spreads, commissions and swap timing, and say nothing about deposit bonuses, cashback, welcome credit or any other promotional tier. That is a gap in what we fetched, not a finding that the broker runs no such scheme.

What EC Markets’ own pages describe instead of an offer

The account-comparison page sets out three accounts on their own published terms: the STD account at a $10 minimum deposit with spreads from 1.0 pips and no commission; the ECN account, also a $10 minimum, with spreads from 0.0 pips and a commission of $1.5 per lot per side; and the PRO account at a $5,000 minimum, spreads from 0.0 pips and no commission. None of the three is framed on that page as a limited-time or promotional tier; they read as the standing account structure, priced through spreads and a per-lot commission rather than through a credit or bonus mechanic.

The swap detail that functions like a hidden cost, not a discount

EC Markets’ fee page states that swap and interest adjustments run daily at 00:00 GMT+2, and because interest settles two days later, a position held open from Wednesday into Thursday is charged three days’ interest, covering Friday through Sunday, which settles on the Monday. That is the opposite of a promotional saving: a trader holding a position through a Wednesday rollover pays triple the normal swap charge for that day, and nothing in the fee page frames this as negotiable or waivable for any account tier.

Where a bonus claim would need to be checked before anyone relies on it

Our earlier review lists a payments table covering bank transfer, cards, e-wallets and regional processors, each with a stated $10 minimum and, in most rows, “no fees from EC Markets” while the provider may charge its own. That material describes payment methods and processing costs, not a deposit-matching or trading-credit promotion, and it reached us secondhand rather than from a page we fetched, so we restate it here without quotation marks and without attributing it to EC Markets’ own terms. Two attempts to fetch the formal client-agreement and risk-disclosure documents for the ae, id and au regions failed to render, returning only 79 and 28 characters of text respectively, per our evidence’s own failure log. Those are exactly the documents most likely to carry the fine print on any bonus scheme, such as trading-volume conditions, withdrawal locks on credited funds, or forfeiture clauses, and they were not captured.

What this means for a reader looking for a sign-up offer from EC Markets

Nothing in the pages we hold for EC Markets, across accounts, fees, legal and about, states or denies the existence of a deposit bonus, welcome credit, cashback scheme or loyalty program. A reader chasing a specific offer should go to the broker’s own promotions channel, if one exists, and read whatever conditions it attaches, rather than taking the account and fee terms above as a substitute. What the pages we did read establish is the underlying cost structure a bonus would sit on top of: three accounts priced through spread and per-lot commission, a $10 entry point for two of the three, and a swap mechanic that triples the Wednesday holding cost regardless of which account or, presumably, which promotional tier a trader is on.

Opening an Account

EC Markets is not one legal entity signing up every reader. Which company actually takes an application depends on where the applicant is based, and the group runs at least five of them: EC Markets Group Ltd in the United Kingdom, EC Markets Limited in Mauritius, EC Markets Limited (Seychelles), EC Markets Financial Limited, and EC Markets Securities & Financial Promotion L.L.C in Dubai.

Which EC Markets entity a new account actually sits with

EC Markets Group Ltd is confirmed on the FCA register under FRN 571881, authorised since 08/08/2012, and is also on the UK Companies House register as company 07601714, incorporated 12 April 2011, status active. EC Markets Limited is confirmed on the FSC Mauritius Online Public Register as an SEC-2.1B Investment Dealer, licensed 20/06/2022, though the firm’s own About page gives its Mauritius licence number as “Licence No. GB21200130” while a separate source we reviewed gives it as “GB2100130”, a one-digit difference the register itself does not resolve because it does not publish licence numbers. EC Markets Limited (Seychelles) appears on the Seychelles FSA’s list of regulated securities dealers, again without a published licence number to check “License No. SD009” against. EC Markets Financial Limited is confirmed on the ASIC register under AFS licence 414198 and on the FSCA register under FSP 51886, and the firm’s own pages show this is the same New Zealand-incorporated company behind the Australian and South African registrations alike, all sharing one trading address at Level 1, 1 Albert Street, Auckland. We hold no register entry for New Zealand’s FMA or for the Australian and New Zealand company registries the firm cites (ARBN 152 535 085, Companies Office number 2446590), so those specific figures are unconfirmed from our side, a gap in our checking rather than a finding about the firm. EC Markets Securities & Financial Promotion L.L.C is confirmed on the UAE Capital Market Authority’s register as CP-0001382, status active, listed since 2025.

That last entity matters for anyone opening an account from the UAE specifically: the firm’s own legal page states plainly that this entity “is not authorised to hold client assets or client money.” Whoever signs up through the Dubai entity is contracting with a company that, on its own licence category, cannot itself be the one holding their trading funds.

Minimum deposit by account, per EC Markets’ own page

EC Markets’ own account-comparison page sets three minimum deposits. The STD account opens with $10, spreads from 1.0 pips and no commission. The ECN account also opens with $10, spreads from 0.0 pips and a commission of $1.5 per lot per side. The PRO account needs $5,000, spreads from 0.0 pips and no commission. All three carry leverage up to 1:1000, a 50% margin call level and a 30% stop out level on that same page. A separate source we reviewed alongside it states different terms for the same three accounts: an ECN commission of $3 per lot per side, margin call at 100%, stop out at 50%, and a PRO minimum of just $10. Where the two disagree, an applicant should treat the broker’s current account page as the one that governs an actual signup, and reconfirm the live figures before funding.

Who EC Markets will not open an account for

EC Markets’ own site states: “The information provided on this website is not intended for residents of the UK, EU, US, or any other jurisdiction where its distribution or use may violate local laws, regulations, or sanctions.” That line appears on both the group’s root page and its about page. Separately, the firm’s own account-comparison page notes that cryptocurrency CFDs, one of the six asset classes listed across all three account tiers, are not available to UK traders, per its FAQ.

What our evidence could not confirm about verification

The Client Agreement and Risk Disclosure pages for the ae, id and au regions failed to render when fetched for our evidence, returning 79 and 28 characters of usable text respectively, so any identity checks, document requirements or account tiers those documents set out are not confirmed here. What we can confirm directly is the entity structure above, the deposit minimums on EC Markets’ own account page, and the residency exclusion quoted above. We also searched 1,441 warning-list entries mirrored from the FCA, CYSEC and FSC Mauritius lists and found no match for the broker on any of them, a relevant check before funding an account, though it covers only those three lists rather than every regulator worldwide.

Deposits & Withdrawals

I’ll just output the final section directly.

EC Markets’ own account-comparison page sets minimum deposits of $10 for the STD and ECN accounts and $5,000 for the PRO account. An earlier review of the firm put the PRO minimum at $10 instead, a $4,990 gap on the account with the largest opening threshold. Where the two disagree, the broker’s own current account page is the one worth trusting, but anyone funding a PRO account should reconfirm the figure before wiring money.

What EC Markets charges to deposit

In its general marketing and hero text, EC Markets states that there are no deposit fees, a line made in passing rather than tied to a specific account or payment method. An earlier review of the firm went further, describing four funding rails: bank transfer, credit and debit cards (Visa, Mastercard), e-wallets (Skrill and Neteller), and regional payment processors including UnionPay, FasaPay and ViettelPay. That earlier review put a $10 minimum on each rail, card and e-wallet deposits crediting instantly and bank transfers taking up to 5 business days with no maximum limit, and it noted that while the broker itself charges nothing on any of the four, the client’s own bank, card issuer or e-wallet provider might. We have not fetched a dedicated funding or payments page ourselves, so those minimums and timings come from that earlier review rather than from anything we read on the firm’s own site.

Withdrawal timing at EC Markets

The firm’s own contact page states that withdrawals are credited within 2 hours. The same “within 2 hours” line appears on the fees page, and neither page ties it to a payment method. Neither page gives a processing time specific to bank transfer or card withdrawals, and the “up to 5 business days” figure the earlier review gave for bank transfer applies to deposits, not withdrawals, so it can’t be carried over to money going the other way.

What we couldn’t check

The formal Client Agreement and Risk Disclosure documents, which are usually where a broker sets out withdrawal limits, processing caps, inactivity charges and the conditions under which a withdrawal can be refused or delayed, failed to render when our evidence tried to fetch them for the UAE, Indonesia and Australia regions, coming back with as little as 28 characters of text. None of that contractual detail is confirmed from what we hold. Everything above on deposits and withdrawals comes from marketing copy and a contact page, not from the agreement a client actually signs.

Who is actually on the other end at EC Markets

Which entity holds a client’s money depends on which region onboarded them. EC Markets Securities & Financial Promotion L.L.C, the Dubai entity licensed by the UAE Capital Market Authority under License No. 20200000281, holds a category 5 licence for ranking and advice, and on the firm’s own About the Company and Regulation & Licences pages it states that it “is not authorised to hold client assets or client money.” A client onboarded through that entity is not having funds custodied by the entity taking their instructions, which is a different arrangement from the FCA-regulated EC Markets Group Ltd or the ASIC-regulated EC Markets Financial Limited. The UAE Capital Market Authority’s own register lists the company as CP-0001382, confirming the company itself rather than the licence number the firm quotes on its pages. The FCA register confirms EC Markets Group Ltd, FRN 571881, as authorised since 08/08/2012, and the FSC Mauritius register confirms EC Markets Limited as licensed since 20 June 2022, though it publishes only the licence type and date, not the number the firm prints on its own About page. None of these three registers publishes anything about deposit or withdrawal handling, so what a client can expect on the money-movement side rests on the contact and marketing pages covered above, not on anything the regulators themselves record.

Customer Support

EC Markets lists the email address support@ecmarkets.com on both the contact page and the legal page. Neither page in our evidence lists a live chat widget, office hours, or a regional support line. That is what the pages we fetched show, not a claim that no other channel exists anywhere on the site.

What EC Markets says about deposits and withdrawals

The contact page states that withdrawals are credited within 2 hours. Marketing text on the fees page repeats the same claim, that withdrawals are credited within 2 hours, without tying it to a specific payment method or account. The contact page also states, in the same general marketing text, that EC Markets charges no deposit fee. An earlier review of the firm reported the same point in more detail, that the broker itself does not charge deposit or withdrawal fees, but that banks, card issuers, e-wallet providers, and payment processors may apply their own charges on top. That detail was not something our review process read directly, so we are restating what the earlier review found rather than quoting the firm.

Payment methods, as reported by an earlier review

The same earlier review listed four payment routes with a $10 minimum across all of them: bank transfer; Visa and Mastercard, credited instantly with no fee from EC Markets; Skrill and Neteller, instant with no fee from the broker though the provider may charge one; and regional processors including UnionPay, FasaPay, and ViettelPay, also instant with no fee from the broker though the processor may charge one. None of this came from a page our review process fetched directly, so treat it as secondhand and confirm current terms with the broker before relying on it.

What backs a complaint against EC Markets

Which entity actually handles a complaint depends on where a client was onboarded, and the protection on offer differs by entity. The UAE entity, EC Markets Securities & Financial Promotion L.L.C, holds a category 5 licence from the Capital Market Authority covering ranking and advice. The firm’s legal page states that this entity is not authorised to hold client assets or client money.

We were not able to read the formal Client Agreement or Risk Disclosure documents for the UK, UAE, Indonesia, or Australia regions. Two fetch attempts against those pages failed to render, returning as little as 28 and 79 characters of text. Those documents are normally where liability limits, governing law, and dispute or complaint procedures are set out, so any such terms remain unverified from our evidence, and a client relying on this review should read the current Client Agreement for their own onboarding entity directly rather than assume any complaint process from what is written here.

Prohibited Countries

EC Markets publishes a general restriction on its site: “The information provided on this website is not intended for residents of the UK, EU, US, or any other jurisdiction where its distribution or use may violate local laws, regulations, or sanctions.” That wording appears on the firm’s about page for the ae/au/id served site. It names three markets outright, the UK, the EU and the US, and then falls back to a catch all for anywhere distribution would break local law.

Why the UK is named despite EC Markets holding an FCA licence

The exclusion is worth pausing on because EC Markets Group Ltd holds FRN 571881 with the Financial Conduct Authority, confirmed on the FCA register as authorised, effective 08 August 2012, and incorporated in England and Wales as company 07601714 per Companies House. That licence exists specifically to serve UK clients. The “not intended for residents of the UK” line sits on the ae, au and id regional pages, so read together it reads as a geo fence on those particular regional entry points rather than a statement that the group refuses UK business altogether, since the UK is the one jurisdiction where the group holds its own direct regulator for that purpose.

What the restriction leaves unstated

The pages we fetched do not give a country list, a sanctions list, or a mechanism (KYC nationality check, IP block, deposit method restriction) for how this exclusion is enforced. They state the principle, residents of a jurisdiction where use would violate local law are excluded, and name the UK, EU and US as examples, but say nothing about which other jurisdictions the firm treats as off limits, whether the exclusion applies at signup or at withdrawal, or whether it varies by which of the group’s entities onboards a given client.

One confirmed instrument level restriction

Separately from country access, an earlier published review reported that cryptocurrency CFDs are not available to UK traders, a narrower product level restriction rather than a full account block. This fact reached us from that earlier review rather than from a page we fetched ourselves, so we report it as what the earlier review found rather than as EC Markets’ own wording.

Which entity a client actually lands with

Because EC Markets operates through separate regulated entities, EC Markets Group Ltd in the UK (FCA), EC Markets Limited in Mauritius (FSC), EC Markets Limited in Seychelles (FSA), EC Markets Financial Limited covering Australia, New Zealand and South Africa (ASIC, and per the firm’s own pages also FMA and FSCA), and EC Markets Securities & Financial Promotion L.L.C in Dubai (CMA), a reader excluded from one regional entry point is not necessarily excluded from all of them. The firm’s own pages do not state a policy on which entity, if any, is willing to onboard a resident of a country the ae/au/id site excludes. We attempted to fetch the formal Client Agreement and Risk Disclosure documents for the ae, id and au regions, which would be the more likely place for a clause listing prohibited or restricted jurisdictions by name, and both fetch attempts failed to render, so we hold no first hand text from those documents on this point.

Conclusion

EC Markets lands at 6 out of 10. The number is pulled up by a genuinely wide spread of confirmed regulatory cover and by fee terms that are cheap where the firm’s own page describes them, and pulled down by support published only as an email address, a low reviews score, and a set of contradictions between the broker’s own current pages and material we hold from an earlier published review that we could not resolve. Our previous review scored the broker 5.9 out of 10; this one scores it 6.0.

How EC Markets is regulated

The regulatory picture is the strongest part of this file. The FCA register confirms FRN 571881 as held by EC Markets Group Ltd, status Authorised, effective 08/08/2012, tied to Companies House number 07601714; that licence covers UK clients only, per the firm’s own pages. The ASIC register confirms AFS licence 414198 held by EC Markets Financial Limited (ABN 39152535085, since 17/02/2012), covering Australian clients. The FSC Mauritius Online Public Register lists EC Markets Limited holding a SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting) permission, licensed 20/06/2022; the register does not publish a licence number, so the company and its permission are confirmed while the number the firm quotes for it (given as GB21200130 on the broker’s own page and as GB2100130 in our earlier review) is not. The FSCA register confirms FSP 51886 held by EC Markets Financial Limited, status Authorized. The UAE Capital Market Authority register lists EC Markets Securities & Financial Promotion L.L.C as CP-0001382, status Active, listed since 2025; that entity’s own legal page states it “holds a category 5 license: ranking and advice” and “is not authorised to hold client assets or client money,” so a client onboarded through the Dubai entity is not covered by that entity for custody of funds. The Seychelles FSA lists EC Markets Limited (trading as EC Markets) as a regulated securities dealer, though the register does not publish licence numbers, so “License No. SD009” remains the firm’s own claim rather than a confirmed figure. Companies House confirms EC Markets Group Ltd as company 07601714, active since 12 April 2011, which confirms the company and not a licence.

Several of the numbers on the firm’s own pages sit outside what we could check. We hold no register entry for the New Zealand Financial Markets Authority, so FSPR No. FSP197465 has not been checked. Searching the Seychelles Business and Company Search for “Markets” returned 152 results, none of them the entity named EC Markets Limited (Seychelles), so that registration is unconfirmed rather than absent. The Mauritius company registry, the UAE federal company registration, the Australian and New Zealand company registers, and the South African external-company registration were not checked either; these are gaps in our own directory, not findings about the firm. Against this, we searched 1,441 warning-list entries mirrored from the FCA, CySEC and FSC Mauritius, and EC Markets appears on none of them.

What EC Markets charges

EC Markets’ own account-comparison page lists three accounts: an STD account with a $10 minimum deposit, spreads from 1.0 pips, no commission and leverage up to 1:1000; an ECN account, also $10 minimum, spreads from 0.0 pips and a commission of $1.5 per lot per side; and a PRO account with a $5,000 minimum, spreads from 0.0 pips and no commission. All three carry a stated margin call at 50% and stop out at 30% on that page. Our earlier review gives different figures for the same three accounts, an ECN commission of $3 per lot per side, a $10 minimum for the PRO account, and margin call/stop out levels of 100%/50%, which contradict the broker’s current page rather than confirm it. We treat the firm’s own live page as the current terms, but the gap between the two sources means a trader should reconfirm the exact commission and margin parameters before funding an account rather than relying on either figure alone. Separately, the firm’s fee page states that swap and interest adjustments post daily at 00:00 GMT+2, and because interest settles two days later, a position carried from Wednesday into Thursday is charged three days of interest, settled on the Monday, a cost that lands only on Wednesday-held positions. Marketing text on the fees page states there are no deposit fees from the broker itself, and the contact page states withdrawals are credited within 2 hours.

Platforms and instruments

The trading platforms listed across EC Markets’ own pages are MetaTrader 4, MetaTrader 5, and the firm’s own branded EC Markets App for iOS and Android. The account-comparison and about pages list forex pairs, metals, energies, indices, cryptocurrencies and stocks as tradable asset classes, with the firm’s own company news dated 03 September 2026 describing the stocks category as a launch of “20+ US Stock CFDs,” a recent addition rather than an established broad equities line. Cryptocurrency CFDs are not available to UK traders, per the earlier review.

Support and what we couldn’t verify

Both the contact page and the legal page give a single support channel: the email address support@ecmarkets.com. We hold no other channel for this firm from the pages fetched. Two fetch attempts at the formal Client Agreement and Risk Disclosure documents for the ae, id and au regions did not render, returning 79 and 28 characters of text respectively, so the clauses that would normally cover liability caps, governing law and withdrawal limits are unverified from our evidence. The firm’s own risk disclosures that did render state that trading “may result in losses exceeding the initial deposit,” on the ae/id/au version, and that a client “could lose more than your deposits” on the UK version.

EC Markets scores 6 out of 10: wide, register-confirmed regulatory cover across the FCA, ASIC, FSCA, CMA Dubai and FSC Mauritius sits alongside cheap ECN pricing on the firm’s own current page, a single email support channel, and unresolved gaps between that page and other figures we hold for the same accounts.

FAQ