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ECM

Moderate riskForex / CFD broker
Comoros · 5-10 years · since 2019-04-18 · ECM Group LLC
VFSC
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0/5
★★★★★ ★★★★★
0 reviews ›
1
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
42/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot0/5
Forex Peace Army—/5
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No sign that ECM actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
42
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Registered in Comoros (offshore, light oversight)
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration808%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameECM Group LLC
Headquarters Comoros
Founded2019-04-18
Years operating5-10 years
Employees0
Official websiteecmtrader.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
E-SG-12, Sunway Geo Avenue, JLN Lagoon Selatan BDR Sunway 47500 Petaling Jaya, Selangor

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
VFSCForex Trading License (EP)14747Vanuatu—

Review analysis AI

ECM is an offshore retail forex/CFD broker registered in Comoros and regulated only by the Vanuatu VFSC. The lack of a major-tier regulator, combined with a guarded risk score of 42/100, signals elevated counterparty risk. Traders should be especially wary of the limited public information and the absence of independent user reviews, which hinders verification of the broker's claims.

Best for
  • Traders seeking offshore-regulated brokers with low barriers to entry
  • Clients interested in copy trading features without requiring strong regulatory protection
  • Affiliate partners looking to earn rebates by referring new traders
Not for
  • Traders who prioritize strict regulatory oversight from top-tier authorities (FCA, ASIC, CySEC)
  • Investors requiring detailed transparency on spreads, commissions, and execution policies
  • Those who avoid offshore jurisdictions with limited investor recourse
Period:

Real user reviews

Where ECM operates

Based on its licenses and complaint records.

🇻🇺 Vanuatu Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What ECM says about itself as stated by the broker · not independently verified by FXCanary

Trusted and Established

ECM claims to be a broker 'trusted by millions' and operates under the tagline 'Live to Trade!'. According to its website, it has been serving traders since 2019 and offers a wide range of trading instruments.

Trading Offerings

The broker states it provides 'over 250 instruments to choose from' across various markets. It offers both live and demo trading accounts, with a user-friendly member area for account management.

Copy Trading Feature

ECM promotes a copy trading service, inviting traders to 'follow master traders & copy their strategies'. This feature is highlighted as a way for less experienced traders to benefit from the expertise of others.

Affiliate Program

The broker encourages users to 'enroll as affiliate to earn rebates', suggesting an affiliate or introducing broker program that rewards referrals.

About ECM

Company Overview

ECM is an online forex and CFD broker founded on 18 April 2019. The company is registered in Comoros, an offshore jurisdiction known for minimal regulatory oversight. Its registered address is in Petaling Jaya, Selangor, Malaysia, according to official records.

Regulation and Licensing

ECM holds a Forex Trading License (EP) from the Vanuatu Financial Services Commission (VFSC), a common offshore regulator. However, the status of this license is not provided in the known facts. Offshore regulation typically offers limited investor protection compared to major jurisdictions.

Trading Instruments and Platforms

The broker's website claims over 250 tradable instruments, including forex, commodities, indices, and possibly cryptocurrencies. While no specific platform like MetaTrader is mentioned, the member area suggests a web-based trading interface. The broker also advertises a copy trading feature, allowing clients to replicate the trades of seasoned traders.

Account Types and Funding

ECM offers both live and demo accounts. The exact account tiers, spreads, and commissions are not detailed on the homepage, but the member portal is the primary access point for trading. Funding methods and minimum deposit requirements are not explicitly stated in the available web data.

Target Audience

The broker targets retail traders globally, with a focus on those interested in leveraged forex and CFD trading. Its copy trading feature may appeal to beginners, while the affiliate program targets introducing brokers. However, the offshore registration and limited regulatory oversight may deter risk-averse traders.

Risk Score and Assessment

FXCanary's proprietary Scam Risk Score for ECM is 42 out of 100, placing it in the 'Guarded' category. This reflects the combination of offshore registration, limited public information, and reliance on a VFSC license. Traders are advised to exercise caution and conduct thorough due diligence before engaging with this broker.

Overview compiled by FXCanary from regulatory records and public data. full ECM review