Best ecoPayz Brokers 2024

ecoPayz is an eWallet available in over 200 countries. It is known for being an easy-to-use, reliable, and safe online payment system, which has made it popular with online traders. This review of ecoPayz will cover how to use the service for trading as well as important information regarding security and fees. We have also compiled a list of the top brokers that accept ecoPayz deposits and withdrawals in 2024.

Best ecoPayz Brokers

Following our tests, these are the 2 highest-rated brokers that support ecoPayz:

ecoPayz Brokers Comparison

ecoPayz Brokers Comparison
Broker Minimum Deposit Instruments Platforms Leverage Visit
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView 1:2000 Visit
FXPrimus logo
$15 CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities, Bonds MT4, MT5, cTrader 1:1000 Visit

#1 - RoboForex

Why We Chose RoboForex

RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
  • Regulator: IFSC
  • Platforms: R StocksTrader, MT4, MT5, TradingView
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

#2 - FXPrimus

Why We Chose FXPrimus

FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.

"FXPrimus's platform support, fast execution, raw spread/commission-free accounts and copy trading support make it a good all-rounder for beginner and experienced forex traders."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities, Bonds
  • Regulator: CYSEC, MIFID, ICF, FCA, BaFin, VFSC
  • Platforms: MT4, MT5, cTrader
  • Minimum Deposit: $15
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

How ecoPayz Works

ecoPayz was founded in 2000 by a UK-based company called PSI-Pay Ltd. It is one of the longest-standing forms of eWallet and has collaborated with Mastercard since 2009, allowing the brand to offer prepaid debit cards. Transactions in over 50 currencies are supported, including USD, EUR and GBP.

Importantly, the company stands out from rivals like Skrill and Neteller due to its reliable customer support.

Where can I use ecoPayz?

ecoPayz primarily operates as a straightforward payment service, however it is also possible to send money from the digital account. Accounts are identified by a 10-digit number but do not operate in the same way as a regular bank account. The features available are tied to the status of the account which ranges from classic to VIP:

Transaction Times

The firm offers fast payment processing. At many brokers, deposits with ecoPayz are available in accounts instantly, though investors may have to wait up to 24 hours on some trading platforms.

Withdrawals are also quick, with processing timelines ranging from several hours to five working days. This will largely depend on the KYC checks respective brokers have to make.

Pricing Review

Fees vary depending on the type of account. When transferring between two ecoPayz accounts there will be a 1.5% cost with a Silver account, though Gold accounts or above will not have to pay this fee. For Classic and Silver accounts, there is also a 2.99% fee for currency exchange conversions which is reduced to 1.49% for Gold and above.

All types of accounts will be charged a €1.50 monthly inactivity fee if there has been no activity in a particular month.

Importantly, most brokers that accept ecoPayz deposits do not charge any transfer fees. Withdrawal charges, however, vary between trading platforms, with some brokerages passing costs on to traders.

Security

ecoPayz is a reputable payment method. The company has been considered a safe platform by the UK Financial Conduct Authority (FCA) since 2008. The firm also complies with EU directives on electronic money transfers.

ecoPayz claims that data protection is a top priority with all important data being encrypted and a guarantee of no financial data being sent to third parties. There are also measures in place to prevent fraud.

For additional account security, 2-factor authentication can be used to login. Here, a verification code will be shared by email or telephone. Many of the top trading brokers also offer 2FA on their investing platforms.

How To Deposit Using ecoPayz

Only a select list of trading brokers accept ecoPayz deposits and withdrawals. However, funding your investing account with the payment solution is relatively straightforward…

From your account area, navigate to the cashier portal. Here, you will be able to choose from a list of supported methods. Click on the ecoPayz logo, enter the payment amount (noting any minimum deposit requirements), and hit ‘confirm’. You should be able to make a deposit directly through the broker’s payment hub and your ecoPayz account.

The withdrawal process should be relatively similar. Head to the payment portal, but this time opt for withdrawals. Then simply follow the on-screen instructions to request a payment transfer.

ecoPayz, how does it work?

Pros Of ecoPayz For Traders

Low Fees

The fees involved when making ecoPayz deposits are lower than some of its competitors, including Skrill, Neteller and Paysafe. Peer-to-peer transactions are free and the fees are reduced for Gold account holders and above.

Fast Transactions

Transactions made with ecoPayz are typically instant, making it ideal for funding online trading accounts. With that said, check our broker reviews to confirm payment timelines before making a deposit.

Secure & Reliable Service

The company uses the latest encryption technology and payment safeguarding methods. The brand is also recognized by the top financial regulator in the United Kingdom.

In addition, ecoPayz provides multiple ways of getting in contact with the support team, including via live chat, email, and telephone.

Note, head to the official website for a list of supported countries. And download the firm’s app from the relevant app store. 

Easy Account Upgrades

Account upgrades all have clear conditions and offer worthwhile benefits. The VIP status also does not have any strict requirements making it more achievable compared to similar services.

Rewards

One of the benefits of the payment brand is its rewards scheme that includes perks for online shopping. There are also yearly promotions with prizes for lucky winners.

Note, that many leading ecoPayz brokers offer welcome bonuses and loyalty promotions to traders. Check the respective site at the registration stage for the latest details.

Cons Of ecoPayz For Traders

Blocked Accounts Stay Blocked

After an account has been blocked a new account cannot be reopened with the same details. Some users have reported unexplained account closures. This could be an issue for traders as some brokers only allow withdrawals to be made using the method utilized for deposits.

Gold Account Required To Avoid Unnecessary Fees

The perks locked behind higher-tier accounts mean that you can incur fees when starting out, especially for internal transfers. Fortunately, the payment solution becomes a low-cost provider when you reach Gold status, the requirements for which are relatively easy to meet.

Is ecoPayz Good For Day Trading?

In summary, ecoPayz is a fast, secure, and cheap option for trading deposits and withdrawals. It may not be accepted by all online brokers, but several popular brands support the transfer solution. It is also easy to create an account, and users can choose from several funding methods. Finally, the company has good customer reviews and ratings on sites like Trustpilot versus alternatives.

Use our list of ecoPayz brokers to make payments today.

FAQ

Can I Use ecoPayz to Deposit To A Trading Account?

Yes, ecoPayz is a fast and secure e-wallet that can be used to deposit into live trading accounts. The system supports over 50 currencies, making it easy for global day traders to make transactions. ecoPayz also offers a pre-paid debit card which can be used to fund accounts from a convenient app.

Is ecoPayz Safe For Day Traders?

ecoPayz has been around for over 20 years and is subject to oversight from the UK’s Financial Conduct Authority. The payment brand also follows industry-standard security protocols and receives positive user reviews. That said, it’s important to check that you are also trading with a trusted brokerage.

How Fast Are Trading Deposits Processed At ecoPayz Brokers?

ecoPayz transactions are usually processed instantly, though timelines may vary at the broker depending on location and transfer currency. In most cases, transactions will be completed within three business days.

What Are The Top Brokers That Accept ecoPayz Deposits?

Some of the best brokers that support ecoPayz payments include RoboForex and FXPrimus. Use of list of the top ecoPayz brokers to find the right brokerage for you.