Recently, we noticed that the number of customer complaints in Ecmarkets has increased, and its score has dropped to 3.17 points, which is a very low score.Nevertheless, Ecmarkets still has a British regulatory license.Let's take a closer look at what customers say.
From customer complaints, we can see some issues on Ecmarkets, including being accused as a false foreign exchange trading platform, adopting a daily -ized lock warehouse operating model, not responding to customer emails, hindering gold, and pretending to be pretending to be.These complaints show that there are serious problems in this broker, and the poisonous tongue king immediately check the broker!
Ecmarkets was established in London, England in 2011. It is an online trading platform focusing on financial derivatives trading, providing rich trading product business for retail and institutional customers.It offers transaction products such as foreign exchange, precious metals, crude oil, stock securities and global stock indexes, and is known for its fast, reliable and efficient trading experience.
Ecmarkets is supervised by three regulators, namely:
EcmarketsLimited is authorized and regulated by the Seychelles Financial Services Authority (FSA), and the license number is: SD009.
ECMARKETSGROUPLTD is authorized and regulated by the British Financial Behavior Regulatory Administration (FCA), and the license number is: 571881.
ECMARKETSLIMITED is authorized and regulated by the Mauritius Financial Services (FSC). The license number is: GB2100130.
1. Regulatory license
1. British license
Poison Tongue found the registration information of EcmarketsGroupltd on the official website of the UK (FCA), and confirmed that he held and was supervised by the FCA.This means that the agency can hold and control customers' funds for foreign exchange transactions.
This license is clearly stated that it can serve Retailinvestors. Therefore, Ecmarkets can use this license to provide foreign exchange trading services for retail customers.Overall, this license provides some guarantees for investors.
However, we also need to learn more about whether Ecmarkets opens the investor's account under the name of the FCA supervision.Only by ensuring that investors 'accounts are under the name of regulatory companies, can we maximize the protection of investors' rights and interests.
Although ECMARKETS holds a FCA license, investors still need to be cautious when choosing a trading platform to ensure their capital security and legitimacy.
2. Seychelles license
Poison Tongue found that EcmarketsLimited was indeed supervised by Seychelles on the official website of Seychelles.However, the licenses of Seychelles are offshore supervision. Its applications and regulatory standards are relatively low, the information is opaque and open, and the funding guarantee is limited.
If the investor's account is opened in the name of this Seychelles, then the investors should be cautiously selected. Once something encounters, it is difficult to recover funds.
3. Mauritius license
The EcmarketsLimited was indeed supervised on the official website of the Moritius Financial Services Committee (FSC).However, it is worth noting that Mauritius's FSC is an offshore supervision. Like Seychelles, it is a regulatory license with low supervision, so I advise everyone to stay away.
2. Excessive transaction leverage
Ecmarkets trading leverage is as high as 500 times, which is a very high leverage. This is actually very difficult to choose for novice investors, because high leverage is equivalent to magnifying the profit and loss, and the novice experience will lead to losses!
Harmony of high leverage transactions (such as 500 times leverage):
1. Risk enlargement: Small price fluctuations may bring great losses.
2. Fund management difficulty: require high risk tolerance and technical level.
3. Easy to explode: When the funds are exhausted, the system will automatically close the position and lose huge losses.
4. Marketing risk: may cause unfair and unstable market behavior.
Three, MT4
Poison Tongue Jun found in the MT4, EcmarketsLimited, which is used in real transactions, and EcmarketsGroupltd, which is supervised by the UK, can be seen from the guest complaint that Ecmarkets has so many problems.Poison Tongjun believes that the customer account should be opened in the name of Seychelles, so that she dares to be so unscrupulous.
Therefore, before investing, we have proved to be supervised after understanding the license.You also need to confirm which company's name is opened, which is very important for our funds, so everyone must pay attention!
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