EC Markets
Emerging MarketsEC Markets Review: Trading Platforms, Accounts, App, Markets & Fees
Rankly Score
Safety
4.4/5
Cost
4.6/5
Platform
4.4/5
Last Updated
May 2026
Key Facts
Quick Verdict
EC Markets scores 4.4/5 overall, with standout performance in platform quality(4.4/5). The broker is Best for Local Payments and Best for Low Deposit.
Rankly Score Breakdown
Rankly Score
Weighted from 10 categories
4.4
Safety Score
4.6
Cost Score
4.2
Withdrawal Score
4.4
Platform Score
4.6
Local Support
4.3
Beginner Score
4.3
Advanced Trader
Broker Overview
EC Markets is an ASIC-regulated multi-asset CFD broker focused on serving emerging-market traders across Asia-Pacific, Middle East, Africa, and Latin America. Founded in 2014, EC Markets offers competitive raw spreads, MT4, MT5, and a mobile app, with a strong emphasis on local payment methods and regional customer support. The broker is particularly well-suited to commodity CFD traders seeking access to gold, oil, and indices.
Pros & Cons
Pros
- Strong regional focus on APAC, MENA, and Africa with local payment support
- Competitive raw spreads from 0.0 pips on ECN account
- ASIC regulated — trusted Australian regulatory oversight
- Islamic (swap-free) account available
- Localised customer support teams in multiple languages
- Low minimum deposit of $50
Cons
- Smaller brand recognition compared to Exness, XM, or IC Markets
- No proprietary trading platform — relies on MT4/MT5
- Education section needs further development
- Limited product range compared to EBC or TMGM
Who This Broker May Suit
Who Should Avoid This Broker
Not sure which broker is right for you? Use our broker comparison tool to filter by your trading style, deposit size, and preferred markets.
Account Types
| Account | Min Deposit | Spread | Commission | Leverage | Suitable For |
|---|---|---|---|---|---|
| Standard | $50 | From 1.2 pips | No | Up to 1:500 | Retail and new traders |
| ECN | $200 | From 0.0 pips | $6/round turn | Up to 1:500 | Active and ECN traders |
| Islamic (Swap-Free) | $50 | Standard/ECN rates | Varies | Up to 1:500 | Muslim traders needing Sharia compliance |
Safety & Regulation — Entity by Entity
EC Markets operates through multiple legal entities, each regulated by a different financial authority. The entity you trade with depends on your country of residence. This directly affects your investor protection, leverage limits, and compensation scheme eligibility.
ASIC
Licence: AFSL 426359 · Australia
VFSC
Licence: 700271 · Vanuatu
Yes — on all retail accounts
Yes — client funds held separately
Up to €20,000 / £85,000 depending on entity
Execution Quality
EC Markets offers STP execution with liquidity from multiple providers. Average execution speed is under 0.2 seconds. No requotes on standard accounts. The ECN account offers raw spreads with direct market access. Suitable for scalping and day trading.
Execution Model
ECN / STP
Avg. Speed
< 0.1s
Requotes
None
Trading Platforms
MetaTrader 4 (MT4)
Desktop / Mobile / Web
Full MT4 support with automated EA trading, custom indicators, and multi-chart layouts.
MetaTrader 5 (MT5)
Desktop / Mobile / Web
Advanced multi-asset platform with improved order management and economic calendar integration.
EC Markets Mobile
iOS / Android
Mobile trading app with real-time market access, account monitoring, and order management.
Mobile App Review
EC Markets offers MT4 and MT5 mobile applications alongside a branded mobile app. The app provides real-time quotes, order management, and account monitoring. Regional language support is available for Asian and Middle Eastern markets.
Trading Instruments & Product Range
Forex
50+ pairsEUR/USD, GBP/USD, USD/JPY + major and minor pairs
Metals (CFD)
3 instrumentsGold (XAU/USD), Silver (XAG/USD)
Energy (CFD)
3 instrumentsWTI Crude Oil, Brent Crude, Natural Gas
Indices (CFD)
12 indicesS&P 500, DAX, FTSE 100, ASX 200, Nikkei
Commodities (CFD)
10+ commoditiesCoffee, Cotton, Wheat, Corn, Soybeans
Crypto (CFD)
15+ crypto CFDsBitcoin, Ethereum, Litecoin, Ripple
Fees & Spreads
Min Deposit
$50
Spreads From
0.0 pips (ECN)
Max Leverage
Up to 1:500
Platforms
MT4, MT5, Mobile App
EC Markets offers competitive spreads across all account types. Raw/ECN accounts provide the tightest spreads with a per-lot commission. Standard accounts are commission-free with slightly wider spreads. All fees are transparent with no hidden charges.
Swap Fees & Overnight Charges
Islamic swap-free accounts available. Standard swap rates are competitive for FX and commodities. Overnight fees for crypto CFDs are higher. Triple swap applies Wednesday.
Swap rates are calculated at 22:00 GMT (or 00:00 broker time). Triple swap is charged on Wednesday for FX and metals. Always check the current swap rates on the trading platform before holding positions overnight.
Deposits & Withdrawals
Minimum Deposit
$50 (Standard), $200 (ECN)
Withdrawal Time
1-3 business days for all methods
Fees
No fees for standard deposits. International wire may incur bank fees.
Base Currencies
USD, EUR, GBP, AUD
Accepted Payment Methods
Local Payment Availability
EC Markets specializes in local bank transfers for Asian, African, and Middle Eastern markets. Supports regional e-wallets in select countries. Processing is typically 1-3 business days.
Customer Support
Availability
24/5
24/5 multilingual support via live chat, email, and phone. Localized support teams in Asia, Africa, and Middle East. Support is available in English, Chinese, Indonesian, Thai, Arabic, and Portuguese. Response times average under 3 minutes.
Support Channels
Education & Trading Tools
Learning Level
Beginner to Intermediate
EC Markets provides basic trading guides, platform tutorials, and market updates. The education section is adequate for beginners but less comprehensive than larger competitors. Best suited for traders who learn through practice.
Available Resources
Promotions & Bonuses
Welcome Bonus
Eligible new clients may receive a trading bonus on their first deposit.
Terms: Subject to jurisdiction and volume requirements. T&Cs apply.
Risk Warning: CFD trading involves significant risk of loss. This review is for informational and comparison purposes only. Not investment advice. Past performance does not guarantee future results. Trading CFDs with leverage can result in losses that exceed your initial deposit.
Countries Supported
EC Markets is available to traders in the following regions and countries. Availability may vary depending on the regulatory entity and local laws.
* Country availability is subject to change. Always verify your jurisdiction's eligibility on the broker's official website.
Common Complaints
Based on user-reported feedback and our own research, here are the most common issues raised by EC Markets traders. These are presented neutrally with editorial context.
Lower brand recognition compared to Exness or XM causes some traders to question reliability.
ASIC regulated since 2014
Limited stock and crypto CFD selection compared to larger brokers.
broker focuses on FX and commodities
No proprietary app — relies solely on MT4/MT5 mobile apps.
MT4/MT5 are industry standard
User Reviews
Strong regional focus on APAC, MENA, and Africa with local payment support
Competitive raw spreads from 0.0 pips on ECN account
ASIC regulated — trusted Australian regulatory oversight
Alternatives to Consider
If EC Markets doesn't match your trading needs, consider these alternative CFD brokers:
TMGM
#1 by Retail FX VolumeMulti-asset CFD broker with strong institutional infrastructure, ranked #1 by retail FX volume.
Best for
Multi-asset CFD traders seeking deep liquidity
Exness
Top RatedGlobal broker known for ultra-fast execution and transparent trading conditions across Forex and CFD markets.
Best for
Trading app visibility and global brand search demand
XM
Best for BeginnersAward-winning broker with extensive educational resources and one of the most recognized global trading brands.
Best for
Beginner-friendly CFD trading education and promotions
Quick Comparison Table
| Feature | EC Markets | Industry Avg |
|---|---|---|
| Regulation Score | 4.4 | 4.2 |
| Trading Cost | 4.6 | 4.0 |
| Platform Quality | 4.4 | 4.1 |
| Withdrawal Speed | 4.2 | 3.8 |
| Customer Support | 4.5 | 4.0 |
| Education | 4.0 | 3.9 |
* Industry average is calculated across all 6 brokers reviewed by Rankly. Higher scores indicate better performance.
EC Markets FAQ
Yes. EC Markets is regulated by ASIC (Australia) under AFSL 426359 and holds a VFSC licence in Vanuatu for offshore client servicing.
Source: EC Markets independent review — Rankly
Important Risk Disclaimer
This EC Markets review is produced independently by Rankly for educational and comparison purposes only. It does not constitute financial advice or a recommendation to trade. CFD trading involves a high risk of losing money rapidly due to leverage. A significant percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford the high risk of losing your money. Always read the full terms and conditions on the broker's official website before opening an account.
Data Sources
Affiliate Disclosure
Rankly may receive compensation when you click on links to trading platforms and open an account. This does not influence our independent editorial ratings, rankings, or reviews. We only recommend platforms that meet our strict quality standards. See our full affiliate disclosure for more details.
Risk Warning
CFD trading involves a high risk of losing money rapidly due to leverage. Between 60–80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. This content is for educational purposes only and does not constitute investment advice. See our full risk warning.
Broker Entity Disclaimer
EC Markets operates through multiple legal entities regulated in different jurisdictions. The entity you trade with depends on your country of residence. Always verify the specific entity and its regulator on the broker's official website before opening an account.
Country Availability
EC Markets availability varies by country and regulatory entity. This review reflects general availability but may not apply to your specific jurisdiction. Always verify your eligibility on the broker's official website. Country availability is subject to change due to regulatory developments.