Note: ECN Swiss's official website - https://www.ecnswiss.com/ is currently inaccessible normally.
ECN Swiss is an unregulated broker, providing CFD trading on currency pairs, indices, metals, commodities and stocks with leverage up to 1:500 and spread from 1 pip on the Bronze account via the MT4 and MT5 platforms. The minimum deposit requirement to open a live account is as high as 500 USD.
Pros and Cons
Is ECN Swiss Legit?
No, ECN Swiss is not regulated. The Spanish financial watchdog (the CNMV), has blacklisted it as a potential scammer. Besides, the Spanish CONSOB also issues a warning of it. Please be aware of the risk!
What Can I Trade on ECN Swiss?
Account Type
Leverage
ECN Swiss allows its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spread and Commission
Trading Platform
Deposit and Withdrawal
ECN Swiss accepts deposit and withdrawal via Visa, MasterCard, bank wire and WebMoney.
