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FINANCIAL INSTITUTION INFORMATION PLATFORM

Review verifiable information about forex brokers, banks, fintechs, crypto exchanges and payment providers in one place.

Verify with the source.Wherever possible, information is matched against official registers and primary sources.
When was it checked?We clearly show when each critical piece of data was last checked.
Know the type of information.We classify user complaints, company statements and official records separately.
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HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

ECN Trade

Broker · Australia

About the company

Legal company nameECN Trade Pty Ltd
Year founded2007
Headquarters / registered countrySydney, Australia
Websitewww.ecntrade.com.au
Last checked09.10.2026

According to its official website, ECN Trade is a Sydney-based forex and CFD broker; the site states that the company was registered with ASIC in 2007 and holds an AFS licence (AFSL 388737). Services are provided by ECN Trade Pty Ltd (ABN 26 127 631 145, Level 10, 20 Martin Place, Sydney) to retail and wholesale clients. The product range consists of CFDs on currency pairs, precious metals, crude oil and global indices, traded on the desktop, tablet and mobile versions of MetaTrader 4. On the Standard account for retail clients, leverage is limited to 1:30 on major currency pairs, 1:20 on gold and major indices and 1:2 on crypto assets; on the Pro account for wholesale and sophisticated clients, leverage is 1:100 or 1:200 and the minimum opening deposit is $2,000. The minimum deposit by transfer from Australian bank accounts is $1,000, and deposits are free of charge. The site also says it runs seminars and training for new and existing clients, and that its content is directed only at persons to whom products can be provided in Australia. This information is the company's own statement.

Account Details

ACCOUNT TYPESStandard (retail) · Pro (wholesale and sophisticated clients) · Demo
MIN. DEPOSIT$1,000 (bank transfer from Australia)
PLATFORMSMetaTrader 4 (PC, iPhone, iPad, Android)
PRODUCTSCurrency CFDs · Precious metals CFDs · Crude oil CFDs · Global index CFDs
LEVERAGEUp to 1:200

Licences and regulation

ASIC (Australia)

Licence no.AFSL 388737
Licence holderECN TRADE PTY LTD
ScopeAFS licence held since 20 May 2011. According to ASIC's record, authorised to provide general advice on, issue and deal in derivatives, foreign exchange contracts and securities, and to make a market in foreign exchange contracts and derivatives for retail and wholesale clients.
StatusVerified

User complaints

User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.

Period reviewed: February 2019 – October 2026

  • Withdrawal / payment: 2
  • Account / trading conditions: 1
  • Other: 1

VERY LOW — COMPLAINT LEVEL

82% of institutions with complaint records received more complaints than this one.

BY TOPIC — Withdrawal / payment: Low · Account / trading conditions: Low · Other: Medium

SOURCES REVIEWED

The complaint distribution is based on WikiFX (4) records as of 9 October 2026; one person's records count once, and records about fake sites and third parties using the ECN Trade name are left out. Across the complaints, unanswered or delayed withdrawal requests and slippage and high fees stand out.

Sources and verification history

Official company sourcesecntrade.com.au — homepage, About, Accounts, Live Account, Fund, Trading Platform and Contact Us pages
Regulator recordsASIC — ECN TRADE PTY LTD, AFSL 388737 (AFS licensee dataset, data.gov.au, 7 Oct 2026)
Company registerABN 26 127 631 145 (ABN Lookup)
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified09.10.2026

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