WikiFX

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As an experienced trader focused on both safety and transparency, I pay close attention to broker requirements and regulatory details before considering where to trade. In the case of ETC—ENERGY TRADING COMPANY, based in Slovakia—when I evaluated their offering, I found that there is no clear minimum deposit information publicly available. This lack of clarity in such a basic area can be a concern for me. Transparent brokers typically offer upfront information about account funding, so the absence of details regarding the minimum deposit raises questions about accessibility and trustworthiness. Additionally, it’s important to highlight that ETC operates without any valid regulatory oversight. For me, this is a major red flag, especially as regulatory protections are central to safeguarding traders' funds and ensuring fair conduct. Furthermore, ETC’s primary focus is on cross-border electricity trading and power derivatives rather than traditional forex or multi-asset instruments. Their offering isn’t aligned with what I look for as a forex trader. Given the uncertainty regarding deposit requirements and the lack of meaningful oversight, I would urge anyone—including myself—to proceed with significant caution and to look for brokers that offer more transparency, regulatory protection, and clarity on account terms.