Choosing the right account at EC Markets mostly comes down to avoiding one specific trap. This guide walks through the decision in order, pulling together everything covered across our other EC Markets articles.
Step 1: Confirm which entity will actually serve you
EC Markets holds FCA and ASIC entities alongside offshore ones, per our overview. Confirm which one applies to your account, since most non-UK, non-Australian clients default to an offshore entity regardless of the broker’s strong headline licensing.
Step 2: Start on Standard or ECN — both share a $10 minimum
With the same entry cost, choose ECN if you’re comfortable tracking a separate $3/lot commission for near-zero spread, or Standard if you’d rather keep cost calculation simple. Both are reasonable starting points.
Step 3: Avoid PRO entirely unless EC Markets confirms a specific benefit
PRO’s $5,000 deposit delivers no documented advantage over ECN’s $10 minimum, per our pricing-trap article — the single most important thing to know before choosing an account here. Contact support for written confirmation of any specific benefit before considering it.
Step 4: Take advantage of VN Pay if you’re in Vietnam
EC Markets’ support for VN Pay, per our overview, is a genuine convenience for Vietnamese traders — faster and with fewer intermediary fees than international bank transfer.
Step 5: Check instrument-specific leverage before trading beyond forex
EC Markets applies different leverage by instrument (up to 1:500 for forex/metals, 1:200 for crude oil), per our overview — check this before sizing a position in an instrument you haven’t traded there before.
Putting it together
In sequence: confirm your entity, start on Standard or ECN, actively avoid PRO unless specifically justified in writing, use VN Pay if available to you, and check leverage by instrument before expanding beyond forex.
Frequently asked questions
Is there ever a good reason to choose PRO? Only with specific written confirmation from EC Markets of a documented benefit — by default, assume there isn’t one.
Does the entity I’m under affect which account I can choose? Account types are available regardless of entity, though leverage caps differ significantly.
Is VN Pay available for both deposits and withdrawals? Confirm current support directly, since availability by direction can differ.
Ready to follow this guide at EC Markets? ECN at $10 is the recommended starting point.
EC Markets currently has a welcome offer for new accounts for a limited time — terms may change, check directly when you register.
Forex and CFD trading involves leverage and carries a high risk of capital loss. This is not investment advice. Learn more at FXM680’s Forex Academy.