EC markets Review
EC markets in a nutshell
EC Markets presents a low-risk profile with its multiple regulatory licenses from reputable authorities like the FCA and ASIC, though it also holds an offshore license from the FSA Seychelles. The inconsistency of claiming 'over 10 years' in business while registered in 2019 is a minor red flag, but overall the broker appears to offer competitive trading conditions with high leverage and low minimum deposits. Traders should ensure they understand which entity holds their account and the associated protections.
FXCanary rates EC markets at 8/100 scam risk (Low risk), based on regulation & licensing, fund-safety signals, company transparency, complaint history and real user feedback.
See the open scoring breakdown →
Pros
- Traders seeking high leverage up to 1:1000
- Low minimum deposit accounts starting at $10
- Multiple account types (STD, ECN, PRO)
- Regulation from multiple jurisdictions including FCA and ASIC
Cons
- Traders who prefer long-established brokers (founded 2019)
- Those wanting only strict Tier-1 regulatory protection (also has offshore FSA)
- Investors looking for non-leveraged traditional brokerage services
Regulation & licenses
Every licence on file for EC markets, as cross-checked by FXCanary against public regulatory registries.
| Regulator | Type | Licence no. | Status | Country |
|---|---|---|---|---|
| ASIC | Market Making License (MM) | 414198 | Regulated | Australia |
| FCA | Market Making License (MM) | 571881 | Regulated | United Kingdom |
| FMA | Market Making License (MM) | 197465 | Regulated | New Zealand |
| FSCA | Derivatives Trading License (EP) | 51886 | Regulated | South Africa |
| FSA | Derivatives Trading License (EP) | SD009 | Offshore Regulation | Seychelles |
Account types & conditions
Account tiers and trading conditions on record for EC markets.
| Account | Min. deposit | Max. leverage | Min. spread | Commission |
|---|---|---|---|---|
| ECN | $10 | 1:1000 | from 0.0 | -- |
| STD | $10 | 1:1000 | from 1.0 | -- |
| PRO | $5000 | 1:1000 | from 0.0 | -- |
EC markets is a forex and CFD broker based in United Kingdom, with records dating to 2019-07-24. It reports oversight from ASIC, FCA, FMA, FSA, FSCA.
FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.
On Trustpilot, EC markets holds a real-user score of 3.1/5 across 110 reviews.
Finally, beware of impersonation: we tracked 5 clone website(s) copying EC markets. Always reach the broker through its verified official domain, never via links in ads or messages.
Scam-risk findings
- Authorised by Tier-1 regulator(s): ASIC, FCA, FSA
Our scoring method is published in full and weighs regulation, fund safety, company age, clone reports, complaints and independent reviews. FXCanary takes no payment from any broker it rates.