ERC Broker: customer reviews about the company’s performance in 2024

• Categories: CFD-Brokers

Customer Reviews of ERC Broker in 2024

ERC Broker is a financial partner about which it is important to know all the details before starting cooperation. Currently, there are publications that extensively expose the activities of this company. Users express the opinion that ERC Broker is a scammer that can lead to financial losses and the inability to withdraw funds. More information can be found in articles by independent researchers.

Main Information about ERC Broker

ERC Broker claims to have over 10 years of experience, has received numerous awards for the high quality of services provided in financial markets, and a high level of customer service. According to their information, the company has already been used by over 100,000 traders from many countries around the world. However, actual feedback is just beginning to emerge, and it is far from positive. Users accuse the firm of fraud and misappropriation of traders’ funds.

An analysis of the domain history revealed the actual operating period of the company. WHOIS information showed that the domain ercbroker.com has been active since 2001. This does not correspond to the company’s claimed experience. Additionally, web archive data retains information about old versions of this website. Previously, it belonged to the scam broker Evolution Markets, which disappeared in 2016. Suspicious individuals bought the old site, modified it, and launched a new fraudulent project. This explains the absence of old reviews about ERC Broker.

Communication channels with customer support contain only fake phone numbers and an address in London. The only real means of contact is email (verification showed that the address is correct). According to user reviews, scammers tirelessly send spam to clients and resell their data on the dark side of the internet.

Legal Aspects

The ERC Broker website does not contain documents confirming its legal activity. However, the footer lists an office address in London (United Kingdom). Nevertheless, according to the Companies House registry, this company is not registered as a beneficiary.

Trading Features

ERC Broker does not provide the opportunity to practice without financial risks, as the platform lacks a demo account. Immediately after registration, clients are offered to choose a tariff plan and fund their account. The main trading characteristics include:

• over 350 financial instruments (Forex currencies, commodities, stocks, cryptocurrencies, indices, metals),
• spreads from zero,
• leverage up to 1:500 (such leverage is strictly prohibited by the British regulator, only scammers use it),
• margin call level up to 50%,
• personal manager services,
• average trade execution time of 0.7 seconds,
• the ability to trade cryptocurrencies and stocks depending on the tariff plan.

According to user reviews, withdrawing funds from the platform is impossible. The platform operates solely to accept investments. Once scammers realize that a trader is running out of funds, they immediately terminate the cooperation. The account is blocked, and contact is discontinued.

Client Opinions

Currently, there are reviews available about ERC Broker, but they are still few. Many clients have not yet recognized the nature of the scam. If scammers face a wave of negative reviews, they have already enriched themselves at the expense of others.

If you have your own opinion about ERC Broker, please share it to inform other users and protect their capital. Comments can be left under expert publications.

Nature of the Scam

Charlatans promote their activities through referral programs. They do not disclose details of the conditions for partners, promising only generous payouts for attracting new clients. Therefore, it is not surprising if you start encountering paid reviews with referral codes and laudatory reviews on the internet. Scammers do everything possible to gather as many gullible people as they can.

After registration, each newcomer is assigned a mentor who will assist in trading and executing successful deals. However, their real goal is to obtain large investments from newcomers and deplete their accounts. The return of stolen funds is only possible through chargeback services.

Conclusions

ERC Broker is not a reliable financial partner fulfilling its obligations honestly. It is a typical fraudulent entity pursuing only its own benefit. Once they achieve their goals, they may simply discard you and seek a new victim.