Regulations
The Cyprus Securities and Exchange Commission (CySEC) is the primary regulator of ECOS. CySEC is a member of the European Securities and Exchange Commission (ESMA). ESMA is the regulatory body for the European Union (EU).
ECOS is also registered with the Financial Conduct Authority (FCA) in the United Kingdom. The FCA is a financial regulator for the UK.
ECOS offers forex and CFD trading on its proprietary trading platform. The ECOS platform is available on desktop, web, and mobile devices.
ECOS provides negative balance protection for retail traders. This means that retail traders cannot lose more money than they have deposited into their account.
ECOS has a minimum deposit of $500 for retail accounts and a minimum deposit of $10,000 for professional accounts. ECOS does not charge commissions on trades. It instead makes money from the spread between the bid and ask prices.
ECOS offer leverage up to 1:30 for retail accounts and up to 1:500 for professional accounts. Margin calls are triggered at 50% margin levels. Stop-out levels are set at 20%.
Trading Platforms and Instruments
In this section, we will take a look at the different trading platforms and instruments offered by ECOS. We will also discuss the pros and cons of each option.
ECOS offers two main types of trading platforms: the WebTrader and the MetaTrader 4 (MT4). The WebTrader is a great option for those who want to trade directly from their web browser. It is easy to use and comes with all the features that you need to trade successfully. The MT4 platform is more advanced and is suitable for experienced traders. It offers a wider range of features and tools, which can be used to improve your trading results.
ECOS offers a wide range of financial instruments to trade. These include currency pairs, stocks, indices, commodities, and ETFs. You can find all the information you need about each instrument on the ECOS website.
The Pros:
-Wide range of financial instruments to trade
-WebTrader is easy to use
-MT4 platform is more advanced and customizable
The Cons:
Pros and Cons
ECOS is a trading platform that has been around for quite some time. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers a wide range of tradable instruments.
The main advantage of ECOS is that it is a very user-friendly platform. Even beginners will be able to find their way around the platform without any problem. The platform also offers a wide range of different assets which can be traded, including forex, stocks, indices, commodities and more.
Another advantage of ECOS is that it offers very low spreads. This means that traders can save a lot of money on their trades. The platform also has a very good customer support team which is always willing to help out traders with any problems they may have.
The main disadvantage of ECOS is that it does not offer any bonuses or promotions. This means that traders who are looking for an extra incentive to trade on the platform may be disappointed.
ECOS Review Summary
ECOS is an online trading platform that offers a wide range of features and tools for its users. The platform has been designed to provide a simple and intuitive experience for all types of traders.
ECOS offers a variety of regulatory frameworks for its users, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). The platform also offers a wide range of trading instruments, including forex, CFDs, indices, commodities, and cryptocurrencies.
ECOS provides a number of advantages for its users, including low fees, high leverage, fast execution speeds, and 24/7 customer support. However, there are also some drawbacks to using the platform, such as its limited selection of markets and lack of mobile trading apps.