Ecnfuture.com Review
Beware Investors ecnfuture.com – Regarding falsely claiming association with registered Australian businesses or financial services licensees and their authorized representatives.
Who is ecnfuture.com:
ecnfuture.com is a website that claims to be a leading online trading platform that provides access to over 200 financial instruments, including forex, indices, commodities, stocks, and cryptocurrencies. The website also claims to have a license from the Vanuatu Financial Services Commission (VFSC) and to be regulated by the ASIC. However, these claims are false and misleading, as ecnfuture.com is not affiliated with any of these authorities.
Regulation:
ecnfuture.com is not regulated by any reputable financial regulator. The VFSC license that it displays on its website is fake and does not belong to ecnfuture.com. Moreover, the ASIC has issued a public warning against ecnfuture.com, stating that it is impersonating ECN Trade Pty Ltd, which is a genuine company that holds an Australian financial services (AFS) license. The ASIC advises investors to avoid dealing with ecnfuture.com and to report any suspicious activity to them.
Location:
ecnfuture.com does not provide any clear information about its location or contact details. The website only mentions a vague address in Vanuatu, which is a known offshore jurisdiction for shady brokers. The website also provides a phone number and an email address, but these are likely to be fake or unresponsive. There is no evidence that ecnfuture.com has any physical presence or legal entity in any country.
Services:
ecnfuture.com claims to offer various trading services, such as forex and CFD trading, social trading, copy trading, signals, and education. However, these services are likely to be poor quality or non-existent, as ecnfuture.com is not a reliable or trustworthy broker. The website does not provide any information about trading conditions, such as spreads, commissions, leverage, margin requirements, or execution policies. The website also does not disclose the risks involved in trading with leverage or CFDs, which are complex and speculative instruments that can result in significant losses.
Reviews:
ecnfuture.com does not have any positive or authentic reviews from its clients. On the contrary, there are many negative and warning reviews from traders who have been scammed by this broker. Some of the common complaints include:
– Difficulty in withdrawing funds or closing accounts
– Aggressive and misleading marketing tactics
– Unauthorized charges or fees
– Manipulation of prices or trades
– Poor customer service or communication
Customer Service:
ecnfuture.com does not have a professional or responsive customer service team. The website only provides a phone number and an email address, but these are likely to be ineffective or ignored. Many clients have reported that they could not reach anyone from the broker or that they received rude or unhelpful responses. There is no live chat or online support option available on the website.
Why Check Company Credentials:
It is very important to check the credentials of any company that you are planning to invest with, especially in the online trading industry. There are many fraudulent brokers that operate online and try to lure unsuspecting investors with false promises or attractive offers. These brokers often use fake or stolen identities, licenses, or websites to deceive their clients. By checking the credentials of a company, you can verify its legitimacy, reputation, and regulation status. This can help you avoid falling victim to scams and losing your money.
Securing Your Investments: Shielding Against Unscrupulous Brokers:
To secure your investments and shield yourself against unscrupulous brokers, you should follow some basic steps:
– Do your research before choosing a broker. Check their website, reviews, regulation status, and contact details.
– Avoid brokers that are based in offshore jurisdictions or that do not have any license or regulation from a reputable authority.
– Beware of brokers that offer unrealistic returns, bonuses or guarantees.
– Read the terms and conditions carefully before signing up or depositing any money.
– Use secure payment methods and keep records of your transactions.
– Test the broker’s platform and customer service before committing to a large investment.
– Monitor your account regularly and report any suspicious activity to the relevant authorities.
Conclusion:
ecnfuture.com is a scam broker that is impersonating a legitimate company and trying to defraud investors. The ASIC has warned against this entity and advised investors to stay away from it. If you are looking for a reliable and regulated broker, you should look elsewhere and avoid ecnfuture.com at all costs.
