The Ecotex ML project is a financial platform providing its services to users around the world. The broker operates several domain addresses:
- ecotex-m.info - presentation website;
- ecotex-ml.org - terminal;
- ecotexlm.com - another domain with presentation materials.
The intermediary is supposedly registered in the Republic of Cyprus at Alkaiou 16, Larnaca 6045, Cyprus. Currently, it serves over 113,000 traders worldwide and boasts numerous awards for quality brokerage services. The broker claims to have been providing financial services since 2017. The company states that its activities are regulated by four major supervisory authorities:
- “Cyprus Securities and Exchange Commission” (CySEC) - license 673686;
- “Australian Securities and Investments Commission” (ASIC) - certificate number 523 249 148;
- “Dubai Financial Services Authority” (DFSA) - A684374;
- “Financial Conduct Authority” (FCA) - №79318020.
The broker promises 24/7 support to its clients, available via email, phone, and a feedback form on the official websites.
Broker Ecotex ML: Trading Conditions
To start trading on the ecotexlm.com platform, users need to provide their last and first names, phone number, email, come up with a password, and enter a promo code. Then, they are offered to choose the appropriate account type depending on financial capabilities for investment and desired conditions. The site offers the following types of accounts:
- “Basic” account - minimum deposit amount 150 USD, basic trading tools, instant orders, leverage up to 1:100;
- “Pro” account - deposit from 1,000 USD, leverage up to 1:500, access to cryptocurrency trading, account fund insurance;
- “VIP” account - minimum deposit from 10,000 USD, leverage up to 1:500, 24/7 customer service, full protection and insurance of funds.
A demo version with a balance of 50,000 virtual dollars is also available for beginners, where they can try out trading strategies. However, the platform does not specify conditions for spreads and commissions, which may create additional difficulties for participants.
Ecotex ML Trading Platform
The project provides traders access to the most demanded financial instruments:
- currency pairs;
- digital coins;
- precious metals;
- commodities;
- indices;
- stocks.
The web version of the trading platform is available at ecotex-ml.org and is compatible with any devices. Among the key advantages of the software, according to company representatives, are:
- integration with API keys;
- ability to personalize charts in an interactive format;
- extensive selection of trading assets;
- high system performance and fast order processing.
Additionally, this software allows setting up notifications about important events, optimizing platform configuration, activating additional account protection mechanisms, and requesting a callback from technical support.
How to Withdraw Money from Broker “Ecotex ML”
Several methods are provided for depositing and withdrawing funds on the ecotexlm.com website, suitable for most users:
- cryptocurrency and bank transfers;
- plastic cards;
- electronic payment services.
There is no information on how long it takes to process applications, credit funds, or about any fees for transactions. Restrictions on transaction amounts are also not specified. Information about the company's financial policy is not provided. However, it is known that funds are withdrawn within 24 hours.
Conclusion about ecotex-m.info
Amidst numerous promises and attractive trading conditions, the broker Ecotex ML raises serious doubts about its reliability. Firstly, the company does not confirm its registration and licensing with documents. Although it claims to be regulated by several authoritative bodies, such data is not present on official platforms, and the license itself is not available in the public domain. The broker does not occupy leading positions in broker ratings, which is also alarming, as it indicates a lack of sufficient trust from market professionals. Instead, the company is registered in an offshore zone, which is always a red flag for any investor. Difficulties with withdrawing funds and lack of a clear financial policy are also concerning and confirm high risks for traders. Before deciding to deposit money, we recommend studying fresh reviews about Ecotex ML to avoid unpleasant consequences.
Wolv3r!ne
The Ekotex ML divorce is minus 2k, a nervous breakdown, and a bunch of emotions… no conclusion.
Igoriev*X_91
What the hell is going on????? First, they demand that I pay the tax, then the insurance. I paid everything as they said, but the withdrawal is still not confirmed! And now they are demanding some tax code that I have never heard of and have no idea where to get it! The support only says that without the code the withdrawal is blocked, and that's it. Complete nonsense! Does this even work or not? What kind of mess is this????!
n0m235_09
I traded with these miserable scammers on Ecotex ML, and at some point, everything went downhill. I invested a decent amount, and they started pressuring me for additional money. First, they said I needed to deposit more, and when the money was gone, they started insisting that to withdraw funds, I had to involve a third-party beneficiary who would take a loan to transfer the money through me. This is just a disaster... They just want you to get into financial trouble and take as much of your money as possible...