ETC

Ahmed Harb

1-2 anos

Does ETC apply any charges when you deposit or withdraw funds?

WikiFX Resposta

In my review of ETC, I could not find any clear information about deposit or withdrawal charges. As an experienced trader, this absence of transparency is a significant concern for me. Knowing the costs associated with moving funds in and out of a trading account is a basic requirement before I commit capital or recommend a broker to others. Reliable brokers typically publish their fee structures openly, allowing traders to make fully informed decisions. With ETC, not only is there a lack of regulatory oversight—which already places me on alert due to the increased risk—but there’s also limited available detail about fees, trading platforms, or even whether they support typical forex instruments, as they seem to focus mainly on electricity market derivatives and not on forex, commodities, or stocks. In my professional experience, these gaps suggest caution. Without verified and accessible information about operational charges, I can’t rule out the possibility of hidden fees. For my trading capital and financial security, I need complete clarity on all transaction costs before even considering an account, especially with an unregulated entity. Therefore, I would not proceed without direct confirmation from their support team and would remain extremely cautious.

Broker Issues

ETC

Withdrawal

Deposit

09-05

Estados Unidos

Arnold Joseph

1-2 anos

Which trading platforms does ETC offer? Are options like MT4, MT5, or cTrader included in their selection?

WikiFX Resposta

As an experienced trader who relies heavily on the choice and reliability of trading platforms, the information about ETC's offerings immediately stood out for me. After reviewing their background and available features, I was unable to find any indication that ETC supports popular trading platforms such as MT4, MT5, or cTrader. In fact, there is no detailed information about any trading platform—proprietary or otherwise—being provided by ETC. This lack of platform transparency is a significant concern for me, especially when considering trade execution, charting tools, and overall usability. Well-recognized platforms like MT4 and MT5 offer a sense of familiarity, robust community support, and powerful analytical tools that I, like many traders, have come to rely on over years of trading. The absence of these or any named alternative makes it difficult to assess how trades are executed or managed at ETC. Given that ETC is unregulated and predominantly operates in power derivatives and options trading—without mention of forex offerings or the details that active retail traders might expect—I remain very cautious about their platform provisions. For me, unless a broker can clearly demonstrate which platforms they offer, along with regulatory assurance, the risk may outweigh any potential benefit. This makes ETC a less viable option for my trading activities.

Broker Issues

ETC

Instruments

Account

Leverage

Platform

08-12

Estados Unidos

Pushpender Sharma

1-2 anos

Could you give a comprehensive explanation of ETC’s fee structure, covering both commissions and spreads?

WikiFX Resposta

As an independent trader who takes regulatory standing and transparency very seriously, my research into ETC revealed significant gaps regarding their fee structure, particularly when it comes to commissions and spreads. According to my findings, ETC is an unregulated entity based in Slovakia, specializing mostly in electricity market services like cross-border trading, power derivatives, and options—not traditional forex or CFD trading. I noted the absence of clear disclosures on their trading fees, commissions, or spreads across their available materials and website. This lack of explicit information is troubling for me, given how essential transparency about costs is to risk management and trade planning. From my experience, legitimate brokers provide a detailed breakdown of transaction fees, spread types, and other costs so traders can form realistic expectations. When a broker omits such crucial information—especially one holding no valid regulatory license as is the case with ETC—I see it as a significant red flag. There is also no evidence of demo account availability or specifics about minimum deposits and trading platforms, adding to my reservations. For me, the inability to quantify trading expenses and understand real cost implications signals a much higher risk, as it severely limits my ability to assess potential trading profitability or manage risk responsibly. I would advise anyone to exercise utmost caution and seek alternatives that are more forthcoming and regulated, especially regarding pricing and fees.

Broker Issues

ETC

Fees and Spreads

08-10

Estados Unidos

Nagarjuna

1-2 anos

What is the usual timeframe for a withdrawal from ETC to reach a bank account or e-wallet?

WikiFX Resposta

As an experienced trader, I approach questions about withdrawals with particular scrutiny, especially when the broker operates without regulatory oversight. In the case of ETC, the absence of valid regulation immediately raises several concerns for me. While ETC provides contact options and positions itself as an energy market service provider rather than a mainstream forex broker, there is no clear or transparent information available about standard withdrawal timeframes to bank accounts or e-wallets. From my experience, regulated brokers typically disclose detailed withdrawal procedures and typical processing times as part of their obligation to transparency. Here, the lack of such vital information—combined with the high risk signals such as “suspicious regulatory license” and “no regulation”—means I cannot make any confident assumptions about how long a withdrawal might take, or even guarantee successful processing at all. If I were considering using ETC, this opacity, alongside the fundamental risk of dealing with an unregulated entity, would make me extremely cautious. I believe funds deposited with brokers lacking clear regulatory and operational transparency are at far greater risk, and I would personally avoid making any withdrawals or deposits without first verifying these details directly with the company, preferably via written correspondence for evidence. In summary, because ETC does not provide public information on withdrawal timelines and operates outside of financial regulation, I must advise extreme caution and cannot offer a definitive answer on withdrawal speeds from this broker.

Broker Issues

ETC

Withdrawal

Deposit

08-05

Estados Unidos