Ecap24: company reviews in 2022
Main information about Ecap24 company
Client orientation of Ecap24 is reflected in the desire to help clients achieve financial goals through a dynamic, transparent, and secure trading environment. Reviews about the broker on the Internet are extremely limited and recent. We will conduct a comprehensive review of the organization, consider its essence, known facts, and check legal documents.
Experience of Ecap24 company
Registration information shows that the official website of the intermediary was launched in April 2022. The lack of information on the temporal parameters of service provision and the absence of strategic plans raises doubts about the sincerity of customer reviews. In addition, the contact information available on the website turns out to be invalid, creating problems for clients facing support issues.
The only thing to rely on is one-way communication regarding account replenishment and investment stimulation. The company’s website is multilingual, including Russian content, which indicates a desire to attract traders from Russia.
Regulation of Ecap24 activities
Ecap24 claims to comply with international legislation when interacting with clients, but official registration in an offshore company in the Marshall Islands undermines this statement. The company’s internal rules establish unjustified conditions that require consent at registration, as well as mention the possibility of policy changes and the introduction of additional fees.
- Refusal of financial obligations;
- Right to unilaterally cancel transactions or contracts;
- Unrealistic bonus playthrough conditions;
- Changing commission policies and additional fees.
The absence of a license from the Central Bank of the Russian Federation indicates illegal activities with Russian clients, violating federal law 460-FZ.
Trading opportunities
Ecap24 offers access to trading over 200 assets using various software. Without disclosing technical specifications, the company offers various tariff plans with different conditions, including leverage, available assets, various educational materials, and bonuses.
- Support is available 24/5;
- Training, daily market updates, and a personal manager are included;
- Bonus rewards and commission discounts are provided;
Ecap24’s partnership program allows attracting new clients and collaborating for remuneration. The company does not disclose partnership terms.
Reviews and fraud
Reviews of Ecap24 are often fake and unreliable. The company’s approach to clients includes cold calling, fake accounts, and partnership programs. The minimum deposit is not specified, leaving room for fraudulent activities and coercion into investments.
It is better to avoid cooperation with Ecap24 as the organization has no intention of acting honestly and legally.
I am absolutely dissatisfied with my experience with Ecap24. Their poor customer service is just the tip of an iceberg. I felt utterly alone while navigating the complex world of investments, as their brokers offered nothing but tepid advice and shifting appointments. When they did eventually bother to reply, the information provided seemed to lack depth and understanding of my financial goals. I also had major issues with withdrawals, with the process being unnecessarily long and complicated. The hidden fees were just adding insult to injury. Overall, my time with Ecap24 was an experience filled with frustration and disappointment. I wouldn’t recommend this broker to anyone.