ErcBroker Review: ErcBroker.com Unregulated Broker

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ErcBroker Review
  • Fund Safety
  • Customer Support
0.5

Summary

ErcBroker is operating from Saint Vincent and the Grenadines. The local financial watchdog issued a statement indicating it does not regulate online investment ventures. Any broker conducting financial activities from the region doesn’t offer customers fund safety. 

ErcBroker claims it offers some of the rich trading assets to investors. Investors can open one account and trade on multiple assets. The broker made its first digital footprint in 2023. 

ErcBroker Review, ErcBroker Company

The firm hasn’t bothered to showcase audited trading performance throughout the period. It is omportant to weigh the profitability and losses a company experiences before registering. Alternatively, look for customer testimonials from third-party websites. 

Ercbroker.com Review 

ErcBroker uses false legal information. The ownership information is missing from the website. It is essential to know the qualifications of the people handling your funds. Anonymity is never acceptable when it comes to your hard-earned money. 

The company claims it will revolutionize investors’ trading experience, yet they don’t discuss the withdrawal terms. We are in the dark about whether there is an actual investment in the website. Instead of gambling your money, choose reliable and transparent crypto trading companies with proven track records. 

ErcBroker Trading Conditions and Accounts 

ErcBroker provides customers with a web trader interface. The platform has limited features compared to leading software like MetaTrader. The offshore firm limits clients from trading automatically. 

The reason why such schemes prefer easy-to-use software is for them to manipulate the market price. They trade digital currencies, forex, commodities, stocks, and indices. Their spread is 0.4 pips for major currency pairs. Luckily, traders will pay less when entering the trade. 

Unfortunately, we don’t know if the broker charges a commission. The leverage ranges from 1:200 to 1:500. The cap is prohibited in several jurisdictions, especially in the European Union, where the firm can only provide 1:30 leverage. 

To trade with a regulated company with high leverage, you must have adequate capital and experience. The risk of investing with ErcBroker is high. It is best to deal with legitimate companies.

Withdrawal and Deposits 

ErcBroker accepts a minimum deposit of $500. The amount is extremely high, considering proof of trading is unavailable. Investors can fund their accounts via cryptocurrencies. The problem with this payment method is that you cannot issue a chargeback once you deposit.

ErcBroker.com Review, ErcBroker.com Features

Also, you cannot identify the owner of the wallet. This is because digital currencies support anonymity. Genuine platform feature several payment methods. Investors can withdraw and deposit with ease. 

Unfortunately, ErcBroker does not specify the available withdrawal conditions. Scammers tend to request hidden fees from investors. They may also refuse to handle withdrawal requests. Shady entities exit the industry prematurely. 

ErcBroker Regulation Status 

ErcBroker is operating from Saint Vincent and the Grenadines. The local financial watchdog issued a statement indicating it does not regulate online investment ventures. Any broker conducting financial activities from the region doesn’t offer customers fund safety. 

It is pointless to waste your time with a company that puts your data and money at high risk. This entity also accepts customers from several jurisdictions. They are doing this illegally because nobody supervises their activities. 

ErcBroker does not report daily transactional history to financial watchdogs. They can interfere with daily transactional history. Customers might think they are making profits while the firm is not trading. 

Licensed firms must work with reputable financial institutions to segregate their accounts from those of customers. Unfortunately, you won’t get negative account balance protection from the entity. You may end up losing more cash than your initial deposit. To trade with confidence, invest in reputable schemes. 

Final Verdict

ErcBroker is a dirty entity. The firm targets clients from countries with strict regulations. Avoid wasting your time with offshore schemes as they exit the industry prematurely. 

Here are some authentic and transparent firms you can trade with to earn passive income. They take the safety of customers into account. 

 

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