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Overview

ECMarkets is a popular broker with many years of experience on global financial markets, founded by the Safecap Investments Ltd Company. The Head Office of the company is located in Cyprus, where it received a license for provision of financial services from the Cyprus Securities and Exchange Commission.

Nowadays broker provides all customers with free education with the help of numerous materials, as well as webinars, which are conducted by professional traders.

ECMarkets organizes various promotions for clients, where they can win various attractive prizes. New customers of the broker can count on a great Forex bonus, comprising $2,000.

The customers of the company are provided with the best trading conditions on the global financial markets, including the foreign exchange market, where there are no commissions, swaps and small spread is offered.

Bonuses

ECMarkets holds for its customers a variety of promotions. Participation in them allows obtaining a variety of Forex bonuses or valuable gifts.

Welcome Forex bonus is intended for new customers, who open and replenish the account. The minimum amount of the Forex bonus is $100 and the maximum one comprises 2,000 dollars. New customers need to fun the account in the amount of $100 to get the bonus and start trading on the international Forex market. The bonus amount depends on the type of the opened trading account and the deposited sum.

Accrual of Forex bonuses:

- account EC Mini - the deposit is from $100 to $2,499 - the bonus is from $100 to $250

- account EC Standard - the deposit is from $2,500 to $19,999 - the bonus is from $251 to $2,000

- account EC VIP - at the broker's discretion (it is necessary to contact employees of the broker).

Forex bonus is credited to the trading account of a new client immediately after making a deposit and is available for trading currency pairs and CFD, but it is necessary to perform a certain trade turnover to withdraw it from the account. According to the conditions of the promotion, all customers, who receive a bonus, have to trade on the foreign exchange market and for every bonus dollar they should make the trade turnover in the amount of $10,000. For example, if the amount of the Forex bonus is $500, it can be cashed when the trade turnover is 5,000,000 dollars.

The promotion Refer a Friend is available for all traders of the broker and allows them to receive Forex bonus for inviting their friends to trade on the foreign exchange market through ECMarkets after the replenishment of the personal account.

Bonus conditions:

- the deposit is $100-$500 - the friend's Forex bonus is $50 - the trader's bonus $20-$100

- the deposit is $501-$2000 - the friend's Forex bonus is $50-$200 - the trader's bonus $150

- the deposit is $2001-$10000 - the friend's Forex bonus is $200-$1000 - the trader's bonus $250

- the deposit is $10001-$20000 - the friend's Forex bonus is $1000-$2000 - the trader's bonus $400.

Bonuses are credited to the account as soon as the friend funds a trading account, but every bonus dollar should be wagered to withdraw them, i.e. for $1 it is necessary to make a trade turnover of $10,000.

The promotion Service Pack EU VIP is organized for customers, who have opened a trading account with the deposit of $20,000. The following exclusive services are provided according to the promotion:

- personal welcome bonus (determined by the broker individually for every client, depending on the deposit)

- personal assigned dealer

- exclusive webinars for VIP-clients

- individual lessons with experts of ECMarkets

- trading signals on mobile devices.

Training

ECMarkets enables all users to pass free training via the use of educational materials, published on the site of the broker, as well as webinars about the Forex market.

Learning materials about the currency market.

1. Basics of trading on the international Forex market:

- currency pairs

- what currency pairs are used for trading.

2. Technical analysis:

- basic of technical analysis

- trading charts (chart types, timeframe, scale of prices)

- technical indicators (For what indicators are needed, market trends)

- support and resistance (resistance level, support level, breakout level)

- continuation patterns (pennants and flags, symmetrical triangle, price channel)

- trading mathematical indicators (oscillator, moving average, simple moving average, exponential moving average, moving average convergence divergence)

- Elliott Theory

- Fibonacci Theory.

3. Fundamental analysis:

- basic knowledge for fundamental analysis

- economic indicators.

Webinars about the currency market are available for all customers of ECMarkets, but it is necessary to send a preliminary application on the site of the broker. Novice traders will learn from webinars the following information:

- what currency pairs are considered to be popular on the Forex market

- what are currency quotes

- how to control positions while trading

- how to read and understand trading charts

- how to conduct market technical analysis

- how to use the trading platform MetaTrader 4.

Customers, who open a trading account EC VIP, can order a free individual lessons on the currency market, which are conducted by leading experts of ECMarkets.

Besides, it is possible to download electronic manual with detailed information about the foreign exchange market, its features and rules of trading on it.

Broker gives customers the opportunity to practice in trading on the foreign exchange market, using a demo account, which can be opened by any client, and to trade in real time with virtual money without any risk to their own funds.

Terms of trading

ECMarkets offers the following trading conditions for traders:

- the foreign currency account (the base currency)

-no minimum deposit

- the leverage is from 1:1 to 1:200

- the minimum lot is 0.01

- a lot of currency pairs, securities, gold, silver, futures

- fixed spread is from 1 point

- no commission

- no swaps.

MetaTrader 4

- multi-language support

- instant order execution

- a wide range of Forex indicators

- addition of new indicators

- programming system for creation of Forex expert advisors

- import and export of currency quotes

- charts printing.

ECMarkets offers its customers to open one of three available types of accounts:

- EC Mini

- EC Standard

- EC VIP.

Trading account EC Mini:

- the minimum deposit is $100

- market analysis is available

- trading signals are not available

- automated trading is available.

Trading account EC Standard:

- the minimum deposit is $2,500

- market analysis is available

- trading signals are available

- automated trading is available

Trading account EC VIP:

- the minimum deposit is $10,000

- market analysis is available

- trading signals are available

- automated trading is available

Forex indicators (recommended)

- Price Channel

- Moving Average

- VininI LRMA color

- Ind TD DeMark

- Day Implus.

Forex expert advisors (recommended)

- Forex EA Better (an automated Forex expert advisor that operates on the basis of a neural network that allows it to learn from historical data of the currency market and to make in the future the right decisions, based on the competent analysis)

- MACD Pattern (an automated Forex advisor, based on the technical indicator MACD and it allows analyzing a lot of data on the currency market and finding the optimal entry and exit points)

- Rabbit (an automated Forex expert advisor with many settings, making it virtually universal, since it can be adjusted for any currency pair and used at long-term and short-term distances).

Investments

Currently ECMarkets does not provide the opportunity to invest the money in PAMM accounts of professional managers, which have recently become very popular.

Unique features

ECMarkets enables its customers to make extra profit from the foreign exchange market, becoming a member of an affiliate program. The affiliate program is divided into several directions:

- Partnership

- Financial Manager

- Business Representative

- White label.

All traders of the broker may be partners, using referral links, attracting new customers and receiving in the future commission from the broker for trading of their referrals on the Forex market.

Financial managers are traders that attract new customers and take under control all their accounts further, allowing them to obtain quite high interest from the broker that provides an effective system of financial management.

Legal persons, which are ready to open the Representative Office of ECMarkets in their region, may become business representative. High commissions from attracted customers are provided according to this direction, as well as profit for organized by the partner training in the office.

White Label is suitable for financial companies that want to provide brokerage services under their own brands, but using the complete support of the specialists of White label.

Add/withdraw funds

ECMarkets offers the following ways to fund trading accounts: Wire Transfer, WebMoney, Liberty Reserve, VISA, Maestro, Delta, MasterCard, Bank Transfer and moneta.ru. These methods are also available for withdrawal of funds from the personal account.

Contacts

ECMarkets provides support to all its customers via online chat, email [email protected] (support), [email protected] (Dealership Service Department), [email protected] (Finance Department), [email protected] (Compliance Department) and by International phone + 44-20-3150-0973 (in English).

Cons and pros

+ the fast-growing broker

+ the minimum deposit is $100

+ small spread

+ good leverage

+ huge welcome Forex bonus

+ comprehensive online training

- no PAMM-accounts.

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