ElcomercioIX does not provide information about its actual and legal address, history, and start date of the company. As for the domain, it was registered only in February 2023 in Reykjavik, Iceland. Besides, the project does not have a license and does not specify the jurisdiction in which it is regulated. It’s worth noting that the bilingual interface of the site supports English and Spanish. Finally, an account on the site cannot be opened for US residents or citizens of other countries that have any tax obligations in the United States.
Is it safe to trade here? Will you be able to earn profit with this broker? We examine the technical parameters of the platform and the company’s legal documents to make objective conclusions about its reliability.
The broker offers services optimized to meet the needs of traders with different levels of experience. Clients have access to web-based versions of the platform for PCs and mobile devices. You will find on ElcomercioIX such trading instruments as precious metals (silver, gold, diamonds), more than 65 pairs of cryptocurrencies, AUD/USD, EUR/USD, GBP/EUR, and others.
Cooperation between the client and the company is built on the parameters of one of the four types of tariff plans. With the increase of the amount on the account, the set of available services increases. You can open:
- SILVER ACCOUNT with a minimum deposit from €500 to €1,999. Services included are basic 1 to 1 training, basic education center.
- GOLDEN ACCOUNT with minimum deposit from €2,000 to €9,999. Includes all the services of the previous level plus full trading signals, and an account manager.
- BRILLIANT ACCOUNT with a minimum deposit from €10,000 to €49,999. additionally includes access to the academy, a bonus up to 50% of the account balance, trading sessions with analysts, no withdrawal fees, premium contract option.
- VIP Account with a minimum deposit from €50,000. There are services: full educational package, bonus up to 100% of account balance, VIP contract options, and MasterCard for fast withdrawal of funds from deposit without commission.
The broker guarantees for all account types 24/7 customer service on its trading terminal 365 days a year. ElcomercioIX requires a minimum trading volume to withdraw bonus funds, which is equal to 1/4 of the bonus amount. If the client fails to fulfill this condition within 60 days (44 market days) from the deposit date, the entire bonus amount will be withdrawn from the account.
Arbitrage is strictly prohibited on the site. Profit will be removed from the account of any trader who performs arbitrage on the assumption of the administration of the company and the user has no right to object.
The client’s request for a refund is processed up to 3 working days. After your request is approved, you will have to wait up to 7 more business days before the funds are credited to your bank account or card.
In case of disputes, you can contact ElcomercioIX via email. The broker promises to process your claim within 48 hours. The site provides analytical materials for the Forex market. Educational services are provided within your account.