ECNPROFX.com Review

2.837 • 10 REVIEWS
Out of business
Updated: Apr 13, 2022

Website is down.  Company seems to be out of business.

April 26, 2012:  ECNProFx website is down.  The FPA does not know if this is temporary or not.

WARNING:  May 2012:  There are 2 FPA Traders Court Verdicts against this company.  The FPA recommends extreme caution dealing with this company.

ECNPROFX.com
Out of business
2.837 • 10 REVIEWS

Recent User Reviews of ECNPROFX.com

J
Jaye
, Singapore,
Oct 20, 2012,
Guest

Just happened to stumble upon this thread and I remember seeing ECNPROFX having the biggest booth at The 8th China (Guangzhou) International Investment & Finance Expo in February 2012 with FXPRIMUS Director of Training & Education taking the main stage for them (see foto at: http://imageshack.us/a/img9/2927/dscf0090g.jpg ) And amazing enough ECNPROFX closed in April 2012. Another lesson for investors: Be careful where you put your money!

Something puzzled me till now when I saw the big poster of Mario standing the stage for ECNPROFX, why is this FXPRIMUS Director of Training & Education doing this??? Yet another lesson for investors: Don't follow blindly!!! Professional integrity is scarce nowadays!

Based on information I gathered at the show, ECNPROFX was owned by yet another Malaysian!
J
JR
INDIA, India,
Apr 26, 2012,
Guest

Issue escalated to Traders Court Fxtraderindia vs ECNProFx.com | GUILTY
Hello FPA Members.

ECNPROFX is not Activated my account .

Please check below links .

Ecnprofx Compliance team said that they will activate my account with Remaining account balance after withdrawal processed.

http://ecnprofx502179.blogspot.in/2012/04/13-th-march-email-from-ecnprofx.html

http://ecnprofx502179.blogspot.in/2012/04/25-th-march-email-from-ecnprofx.html

http://ecnprofx502179.blogspot.in/2012/04/4-th-april-email-from-ecnprofx.html

Ecnprofx is not Activated yet. I have sent number of emails to ECNPROFX but there is no Reply. i decided to withdraw my remaining account balance .

Account deposit/withdrawal details

First Deposit : 1002.99 $ Liberty Reserve Method
second deposit : 3000.00 $ Liberty Reserve Method
Profit : 7118.56 $
Total Amount : 11121.55 $
first withdrawal amount: 5200.00 $
______________

Remaining balance 5921.55 $

I made A Withdrawal Request on 18 th april 2012. My withdrawal is not processed they are not giving me reply. from 26 th april onwards EcNPROFX website is not working .

MR.SP.CHANTHRU is the Compliance Director in ECNPROFX.

Please help me to get my money from ECNPROFX .

2012-03-22 4 Stars Ecnprofx processed my Withdrawal on 19 th mar 2012.

I have Received 5200 $ .

My Trading Account Reactivation is under process .

I have Requested for Convert my account as EA Account with Remaining Balace.

I hope it will be done as soon as possible

Thanks to FOREX PEACE ARMY .

Thanks to ECNPROFX Compliance Team.

2012-03-08 1 Star Withdrawal Problem With ECNPROFX

Withdrawal Requested on 13 th feb 2012

No Reply from ECNPROFX

Account Disabled on 5 th March 2012

My account stats

http://www.myfxbook.com/members/jrd9189/mdpeurusd/215615

http://www.mt4i.com/users/mdpeurusd/stats
Y
Yovannys Cuello Guardiola
Bogota, Colombia,
Apr 25, 2012,
Guest

Regards,
On April 9, 2012 I made the request to withdraw money from brokers ECNPROfx, and they is very dishonest and very low morale do not respond to my request which I have the right as a customer, for which I am being affected by the ECNPROfx company, I need your cooperation to recover my money, paperwork or report that I do before the authorities of new Zealand, where the company is located in forex. Thanks for your attention.

Sincerely,

Yovannys
A
autt86
england, United Kingdom,
Apr 25, 2012,
Guest

Issue escalated to Traders Court Autt86 vs. ECNProFx.com | GUILTY
I had 2 accounts with ECNPROFX –

502383 Classic account – total in account over $100k

503022 ECN account. – total in account - $43 211.87

To this day I still not received my withdrawal and my initial deposit from ECNPROFX
I received an email from ECNPROFX on 15/01/2012 to inform me that both accounts were shut down due to Toxic trading.
“Sorry to inform your, our bank detect your account as a toxic, because of trades you did.
Because of that we have to disabled your account temporarily until we get approval from the bank.
Our funding manager try his best to solve about this issue with bank officer.

Once again sorry for the inconvenience.”

I explained to ECNPROFX I am using a high speed scalper EA that is privately developed by professionals – Million Dollar Pips EA. According to ECNPROFx terms of service they allowed scalping EA s, there is No resrictions.

A Mr SP Chanthru had emailed me back and explained.

We have got a freeze condition on your account as it is a TOXIC Account . We have the request to the bank and we will only get the approval by this Friday. Upon approval we will have to change your group to Toxic trade group and then you will be able to start trading as per normal. Remember we are not Market Maker therefore we must follow the protocol by our Liquidity Provider to ensure all clients trades and fund are safe.

Most likely you will able to start back trading on Wednesday.

Should you have any queries relate to this matter do not feel hesitate to contact me directly.

Regards

SP Chanthru

My account was back up and running on 29/01/2012 and I had continued trading as normal, Mr Sp Chanthru wanted to know my trading style therefore discuss a mutual benefit for me to continue trading.

“How are you doing I hope you are fine . I need to discuss with your good self about your trading style for a mutual benefit. Please do let me know your best time to chat with via SKYPE”

He had given me two options – 1st Option was to withdrawal my funds and ECNPROFX will pay in full and stop trading with them. 2nd option was to continue trading but not surpass 30% a day. The information he was telling was breaking the regulated law, I have a conversation script that shows Mr Sp Chathnru instructing me what to do word by word onto how he can help me as an insider at ECNPROFX.

I had agree to continue trading by not surpass the 30% a day, but on the 1/3/2012 both account once again was closed but this time with no explanation.

Mr Sp Chathnru does not reply to my messages and the website seems to be shutdown.

I ask for help of traders community how to solve this issue.
D
Daniel
EU, Slovakia,
Mar 20, 2012,
Guest

I have also withdrawal problem with ECNPROFX.
No reply, ignorance more than 2 month.
See this:
http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/19351-ecnprofx.html
M
Mate Milinkovic
Kitchener, Canada,
Mar 12, 2012,
Guest

Jr hope you read this. I want to know if you got your withdrawal money. Did they get back to you and pay you off or is it a scam. I looked at your logs and it seems like you indeed did earn a profit and they did accept your ea. When it comes time for withdrawal they have a problem with the ea so lame. I was contemplating going with this broker so let me know if you got your money or not.
R
Rohyani
Indonesia, Indonesia,
Jan 14, 2012,
Guest

This is really good broker and I think will become one of best brokers if they improve their support.
I tried to trade here, and surprising me their give me credit bonus 100% of my deposit. And when my balance become negative, I still able to trade using their credit and making profit. Then my balance growth more than my initial deposit and I withdraw all of my balance with no problem.
And surprising me again the credit bonus still available in my account, not deleted like others brokers if we make withdrawal. And I still can continue trade with their credit bonus.
Very good, thumb up...and I recommend everybody to try them.
F
fakhrurrazi
banda aceh, Indonesia,
Nov 24, 2011,
Guest

just 3 words for my comment : fast, reliable, and satisfied
W
wisnu hadi
surabaya, Indonesia,
Nov 21, 2011,
Guest

If possible, get an ECN forex broker

Interbank forex brokers (or ECN) offer the lowest transaction costs (spread) and are extremely reliable. They never trade against their clients and they do not have any capacity to do that. Unfortunately, this royal treatment is not for everyone.

but now ECNPROFX is here for anyone with just minimal depo $250 we can enjoy this privilage premium service wwooooww thanks to ECNPROFX
N
Nezwar
Shah Alam, Malaysia,
Nov 3, 2011,
Guest

I've been trading with them for past 2 months. As I had experience trading with them, it was fast execution and no re-quote. So far, all are ok.