However, partnership conditions appear to differ significantly from what is promoted. For example, we wonder why the company fails to provide evidence of a valid licence, and why its listed headquarters address does not correspond to any real location. Concerns also arise regarding the platform’s credibility, given the multitude of negative customer reviews. The statistics displayed on the home page appear fictitious, seemingly part of an aggressive marketing campaign rather than an honest presentation of facts. Equally questionable are the partnership terms and the excessive leverage offered — both of which call into question the broker’s integrity. Given these discrepancies, we decided to test whether ECG could indeed be classified as a scam.
About Our Team
ECG Snapshot
| Claimed Regulation | Not Found |
| Verified Regulation | Not Found |
| Licence Last Checked | 13/10/2025 |
| Minimum Deposit | $500 |
| Retail Leverage up To | 1:400 |
| Affiliate Programme | No Details |
| Type of Education | Lessons |
| Claimed Year Foundation | 2013 |
| Domain Parked Since | 18/11/2024 |
| Trading Software | WebTrader |
| Mobile Compatibility | Browser Trading |
| Languages Supported | En |
Advantages and Disadvantages
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A small amount of educational content is available for clients.
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The project is unlicensed and lacks legal registration.
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Numerous client complaints and allegations of fraudulent activity.
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Unacceptable leverage levels and no information about spreads.
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Poor-quality proprietary trading terminal.
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Documented cases of withdrawal refusals.
Legitimacy Check
Before investing funds or entering into full cooperation, every brokerage should be thoroughly assessed in terms of regulation. In the case of ECG, this issue becomes even more pressing, as it directly affects the safety of both clients’ funds and personal data.
We decided to take a closer look at the matter of licensing, legal registration, and the company’s declared address. We also assess the safety of deposits and the prospects of recovering funds, as well as the actual duration of the company’s presence in the market, verified through the WHOIS database.
The first question regarding the dealer concerns its regulatory status. There is no mention of any valid licences on the website, suggesting that the company’s managers deliberately ignore the legal requirements governing financial intermediaries. Furthermore, available digital documents state that all terms and conditions on the website constitute an irrevocable offer under the laws of the Marshall Islands. Not only is it an inaccessible offshore zone in the vast Pacific Ocean, but forex brokers are not regulated there.
We tried our luck with the global OpenCorporates registry, especially since the website also mentioned a location in Zurich. Predictably, a search for the ECG acronym yielded over 3,000 organisations worldwide. Looking for a specific broker there would be the height of absurdity. When we tried to narrow the search to the name that was used in the domain, a subsequent verification through OpenCorporates confirms our doubts: the brand is not registered as a legal entity and operates entirely outside any recognised legal framework.
Another red flag concerns the absence of any verifiable information about the company’s representatives or physical offices. Fraudulent brokers frequently conceal such details, and ECG follows the same pattern. The address of its “headquarters” proves to be fabricated — a fact easily verified via Google Maps by simply entering the given location.
No less significant is the company’s limited time in operation. The duration of activity often serves as a key indicator of reliability. However, the dealer has only been active since late 2024, as confirmed by WHOIS and WebArchive data. Such a short lifespan for a broker is an unquestionable red flag.
ECG Content Quality
The official website of the ECG broker is presented in English but offers neither originality nor a high standard of content. The homepage appears designed with a single purpose — to promote the firm’s services and aggressively encourage users to open an account. We decided to examine in greater depth the most significant weaknesses of this online portal, which traders are forced to contend with. In doing so, we discussed the registration process, the features of the personal account interface, and the available digital documentation. We also touched upon the subject of the trading software that the broker requires its clients to use.
The most evident shortcoming of the ECG portal lies in the complete lack of authenticity in the published material. The statistics presented about the broker’s “achievements” and “advantages” are purely promotional and bear all the hallmarks of an advertising campaign rather than factual information. We wonder why a supposedly established financial intermediary must rely on exaggerated claims to attract clients.
Another significant concern relates to privacy and data security. The elcapitalgruop.com website demonstrates almost no regard for confidentiality. During the registration process or when depositing funds, clients risk having their personal information compromised. This characteristic is regrettably common among unregulated and fraudulent brokers that operate with minimal oversight.
To create an account on the ECG platform, one must click one of several identical “Register” buttons. Opening an account requires providing basic personal details: email address, password, full name, country of residence, and telephone number. The registration interface itself is strikingly primitive — a template-based form with no references to legal documentation or referral system details. This same design pattern is widely used by other low-trust and fraudulent brokers, suggesting the platform was assembled from a recycled domain structure rather than a professional trading system.
Access to ECG’s client cabinet is granted without any verification of email or telephone number, which is highly unusual for a financial intermediary. The dashboard’s main page immediately directs users toward making deposits, effectively pressuring them into transferring money before they can explore other functions. The remaining features allow users to edit personal data, change passwords, undergo verification, and access the browser-based version of the trading terminal. However, the platform lacks both a quick contact menu for support and an option to download trading software.
Another important aspect worth considering is the trading software itself. The broker enforces the use of a single web-based platform — WebTrader. The application’s performance is notoriously limited: it offers poor liquidity, low operational stability, and a complete absence of essential tools such as technical indicators and oscillators. In essence, it fails to meet even the minimum standards expected of professional trading software.
Key Trading Features
The principal trading conditions offered by ECG are outlined on its website under the “Accounts” section. Once registered, users can select one of four account types — Standard, Gold, Platinum, or VIP. The key differences between them concern leverage levels and promotional bonuses.
We decided to look more closely at the range of financial instruments, minimum deposit requirements, commissions, and spreads. We also reviewed the so-called “additional services” that ECG promotes to attract potential clients.
The company’s administration claims that traders may access over 17,000 different financial instruments, including currency pairs, indices, cryptocurrencies, shares, and commodities. We also discovered references to contracts for difference (CFDs). However, considering that the platform fails to provide any official risk warnings, trading such complex products becomes a highly unsafe endeavour. According to general statistics, over 82% of retail traders tend to suffer losses when trading CFDs — a figure that the broker conveniently omits.
The minimum deposit requirement on ECG’s platform is $500. To unlock all “premium” benefits advertised on the site, clients are encouraged to invest up to $500,000. There is no mention of a demo account, which is a crucial tool for beginners seeking to familiarise themselves with a broker’s platform. The absence of this feature should be regarded as another red flag. Therefore, we believe that depositing even the minimum amount of $500 into an unlicensed platform would be an ill-considered move.
The leverage ratio, reaching as high as 1:400, also speaks volumes about ECG’s unreliability. Such extreme leverage levels are banned by most reputable regulators, as they expose traders to enormous financial risk. Working with leverage of this magnitude is almost always detrimental, and the likelihood of suffering losses during the initial trading sessions is extremely high.
Among its additional services, ECG actively promotes a deposit bonus scheme that supposedly doubles a trader’s funds by up to 100%. The broker also advertises access to personal account managers and “risk-free” trading options. However, these privileges exist only in theory — they are marketing tools designed to lure inexperienced investors into depositing more money rather than genuine services available to clients.
ECG Education Insight
The administration of ECG places strong emphasis on its “educational advantages”. It claims to provide access to text and video lessons, alongside expert assistance. However, after registration, traders will quickly realise that no such resources exist. Even a basic FAQ section is missing. This absence reflects the firm’s overall disregard for transparency and client support.
Customer Service Overview
Customer support at ECG is conducted via phone and email, which appears to be purely for show. Upon verification through a digital validator, our concerns were confirmed: contacting the broker via email carries a significant risk of personal data leaks.
Moreover, the platform provides no links to official pages on social media or messaging platforms. There is no live chat option either — an omission that further distances ECG from legitimate financial service providers.
Our Verdict
We strongly recommend against investing any funds with ECG. The project operates without regulatory supervision, and both its legal registration and physical address are fabricated. The company enjoys no trust within the trading community, and the abundance of negative feedback speaks for itself. The website provides no meaningful information, and the probability of financial loss is exceptionally high.
About the author
ECG is a typical scam broker whose only aim is to steal money from its clients. While in a long-term position, I discovered that the margin requirements changed overnight and my position was wiped out in the terminal. What happened?? ECG changed the trading conditions without warning, resulting in the loss of a significant portion of my deposit. I lost 500 dollars here and there’s no way to recover it – even lawyers say it’s pointless.
A dubious company with strange customer service. The broker’s technical support is simply ridiculous. It’s practically nonexistent… The most they can help with is depositing funds into their account. And if any problems arise on the platform, you won’t get any help. Don’t even try.