Eurasia Capital Forex Review

About Eurasia Capital Forex

Eurasia Capital Forex, operating via the domain ecforex.mn, presents itself as a Mongolian-based forex broker, claiming operation under Eurasia Capital Holding JSC, which is registered with Mongolia’s Financial Regulatory Commission. However, the Financial Regulatory Commission of Mongolia does not issue licenses for forex activities and does not regulate forex brokers; accordingly, Eurasia Capital Forex does not hold any valid forex regulatory license, and client funds are not protected by any recognized regulatory framework ().

Reported trading conditions include a minimum deposit requirement of USD 100, leverage up to 1:200, ECN-style account with spreads around 0.3 pips for EUR/USD, and a commission model of USD 52 per USD 1 million traded (USD 5.2 per standard lot) or based on net deposits exceeding USD 5 000, with base currencies including USD, AUD, and GBP ().

The broker asserts a partnership with Dukascopy Bank of Switzerland and offers a proprietary trading platform (referred to as Jforex or Ecforx), but there is no verifiable evidence of this partnership, and browser warnings have indicated expired security certificates, raising concerns about site security ().

Pros and cons

Pros

• Low minimum deposit of USD 100 ().
• High leverage up to 1:200 ().
• ECN-style trading with low spreads and volume/deposit-based commission structure ().

Cons

• Unregulated status: no legitimate forex license; Mongolia lacks recognized oversight for forex brokers ().
• Lack of transparency: no published terms and conditions, client agreements, or details on deposit/withdrawal methods ().
• Potential cybersecurity risks: expired SSL certificate and warnings when accessing platform ().
• No investor protection measures such as negative balance protection, fund segregation, or compensation schemes ().