Eccxn is an emerging CFD (Contract for Difference) broker, established on July 22, 2024. The company offers trading services in financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies to both individual and institutional clients. However, it does not provide services in regions where such actions may violate local laws and regulations.
Company Registration and Regulatory Information
On its official website, Eccxn claims to be one of the top 50 financial services companies in the UK, with an address at 286 Euston Rd., London. However, the broker does not provide complete company name, registration number, or relevant regulatory license information on its website. Legal documents like the privacy policy are deliberately vague about these details.
Upon investigation, the UK Companies House website does not list a company called "Eccxn," nor is there any regulatory information about it on the UK's Financial Conduct Authority (FCA) website. Additionally, the design of Eccxn’s website is similar to many known fraudulent broker websites such as dffxmarkets.com, Lenmax, and ATF Trade Limited, which use the same template design.
Trading Products and Services
The financial derivatives offered by Eccxn include:
- Forex trading: Covers major currency pairs such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious metals trading: Includes spot trading of gold (XAUUSD) and silver (XAGUSD).
- Crude oil trading: Offers trading services for U.S. crude oil (USOIL).
- Indices trading: Products include Nikkei Index (N225), German Index (GER30), and S&P 500 Index (US500).
- Cryptocurrency trading: Includes Bitcoin (BTC/USD), Ethereum (ETH/USD), Ripple (XRP/USD), and others.
Account Opening Process
Steps to open a trading account with Eccxn:
- Visit the Eccxn website and click on the "Register" button at the top right corner to enter the registration page.
- Enter your personal email address and set a login password. A verification code will be sent to your email.
- Fill in the verification code in the registration form and submit it. Once registration is successful, you can log in.
- After logging in, complete the KYC verification to make deposits and start trading.
Trading Account Information
The Eccxn website provides only partial information about account spreads, leverage, and contract sizes. Key account details such as account types, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, margin levels for margin calls/stop-outs, and minimum price precision are not clearly listed on its website.
- Base currency: USD
- Spreads: Floating spreads starting from a minimum of 1 pip
- Trading leverage: 1:100
- Contract size: 1 lot = 100,000 currency units
Trading Platform
Eccxn offers a trading platform called "ST5," which is available for both desktop and mobile use. The platform claims to include over 50 technical indicators and intraday analysis tools, suitable for advanced traders. However, in practice, the ST5 platform is poorly designed and primarily used by fraudulent brokers.
Deposits and Withdrawals
Eccxn's website does not provide detailed information on supported deposit and withdrawal methods, related fees, or minimum deposit/withdrawal amounts.
Summary and Recommendations
Traderknows reminds investors that Eccxn is a scam broker without an actual company entity and lacks regulatory oversight. The platform has low information transparency and only offers email as a contact method, lacking other reliable communication channels. Investors are advised to choose brokers with transparent information, regulation by authoritative bodies, and a good reputation to reduce the risk of financial loss.
Currently, Eccxn is labeled as "Suspected Fraud" on Traderknows.
