Elcurrency Review: Scam or Legit Broker? elcurrency.com is a forex and CFD broker. It allows you to trade primarily with cryptocurrencies. It is supposedly own by Hello Technology Ltd, and is located at Marshall Islands. They could be reached via phone- +43720775153 or email –
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DEPOSIT AND WITHDRAWAL METHODS
They accept Visa, Master Card, Skrill.
Is Elcurrency.com LICENSED?
NO! Elcurrency broker is not licensed. No regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.
Everything about this platform indicates that they are a scamming lot. First and formost, they claim to be a cryptocurrency exchange platform whereas it isn’t so. You can also trade stocks and commodities with it, it obviously is a broker that is using contracts for difference.This kind of trading with derivatives is always regulated and requires a licence. But Elcurrency is not regulated at all, it has no licence in the UK nor anywhere else, which makes it a broker that is not allowed to offer investment services. It also is offering bonuses on deposits, which is illegal in the EU.
Just like TradeHash and FASTFX, Elcurrency is an illegal broker, this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.
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COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe. They accept traders worldwide..visit their official website