ECNcapital is an unregulated forex and CFDs broker that claims that claims to provide trading with zero risk. As every trading involves risk, we were very eager to do this review and see if this is true or not. ECNcapital also mentions social trading opportunities. Traders who read this review till the end will learn more about ECNcapital, and find out what this broker really offers.
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ECNcapital offers 5 different account types:
In the text that follows we will give you a better insight into what each account type offers.
Minimum deposit is $500 which is more than the industry average. Traders get a selection of different assets, customer support and other smaller benefits that are not very exclusive or luxurious, including the 20% bonus.
Minimum deposit is the incredible $10,000 which is usually the price you pay for the most expesive account. 30% bonus, 7 days of free signals, training course and a selection of assets is what you get for this price tag, and is a bit underwhelming.
Gold account requires $30,000 minimum deposit. Traders get 40% bonus and one month of free trading signals and all financial trading education offered.
The price on this one is $50,000 but traders can also get 550% bonus or even more if they ask their account manager to offer more. Traders with Platinum account will receive free signals as long as they are trading and have an active account.
The priciest account is Mega account, available with $100,000. Traders get 50% bonus or more, as well as special VIP. They can also ask for more bonus if they like, and the manager will either approve it or not. There is also a free VPS service, access to analyst manager and leverage up to 1:400.
ECNcapital offers bonus with every type of account, except the cheapest kind. The bonus amount may vary, and traders with more expensive accounts can also ask for more bonuses, but keep in mind that bonus always comes with terms and conditions. For example, traders who accept ECNcapital bonus must count that certain assets are not taken into consideration during the calculation of trading volume. Such assets are copper, rice and UK equities.
Bonus policy is pretty vague and hard to understand, so traders should definitely check it out before accepting any form of bonus.
ECNcapital also has a demo account that can be accessed by hitting a ‘Trade’ tab. You will be redirected to the Sirix platform where it is possible to open a free demo account. After you fill out the form, you will receive a special code that is also your account ID number.
The demo has $10,000 virtual funds that you can use to find out more about the platform, test it and apply certain strategies.
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ECNcapital has a Sirix platform that is very popular among forex traders. It offers a demo and real trading account. Traders who want to trade with this broker will be happy to hear how this platform can be accessed via any web browser, from any computer.
Still some features like social trading are reserved exclusively for traders with real trading accounts and are not available with demo account. The entire platform is very easy to navigate – on the left side there is an asset index, as well as two options for selecting the overall design for the asset index. In the middle you will see a chart and a fiels for placing trades. Below it, you will find the trading history and section dedicated to opened trades. On the right side is the social trading feature.
ECNcapital also has a mobile platform which is amazing for traders who want to hold the access to the markets in their pocket. Traders will need to put a little bit of effort into finding the list of all assets and spreads, but it is important to keep in mind how rates may vary depending on the account type. For example, EURUSD spread is ranging between 3.2 (for the Bronze account) and 0.8 (for the Mega account).
Traders can trade with 12 indices, 46 currency pairs, 9 commodities and one cryptocurrency (Bitcoin).
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ECNcapital has a live chat customer support. This is the most common way to communicate with forex and CFDs brokers. When we tested the customer support it turned out the agents are quite responsive and are not sales oriented but deliver the information you exactly need.
Traders can also use an email, online form and phone numbers for Switzerland, UK, USA and Ireland.
The educational section could be better organized, but mostly because of poor design that falls apart and doesn’t give a neat and tidy look to the website. The articles are pretty basic and do not provide an in-depth analysis of every aspect of trading, but explain most common elements of trading which is also fine.
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ECNcapital offers several deposit and withdrawal methods:
Minimum deposit is $500, an amount that is among the highest in the industry. Good news is there is no minimum withdrawal and traders can withdraw any amount they like as long as there are no bonuses added to the account. ECNcapital doesn’t charge any fees, but keep in mind that credit card company or your bank could.
The broker doesn’t specify any deadlines for withdrawals, but has strict policies regarding sending verification documents. All traders who wish to withdraw money must send several documents
Only verified accounts are eligible for a withdrawal.
ECNcapital is owned by Moslok LTD, Cyprus. It is not a regulated broker.
We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!
Trade with an
award-winning broker
like IQ Option
