Echogb claims its foundation in 2016, however, we found that its domain was newly created in 2022. Traders should beware of brokers who make false statements, as this is a frequently used trick among shady brokers to deceive unsuspecting traders. Besides, this broker presents zero details of its trading license and contact information. The lack of information about the broker's regulation, contact details and requisite legal documents (i.e. terms & conditions, privacy policy, ) is a distinct characteristic of unlicensed brokers, as regulated brokers always present their accreditation and licenses in a prominent position. The truth is, echogb is not overseen by any financial regulators. That means investors' funds in this broker are unsafe. Therefore, it is a scam.

On 8 Jul 2022, BrokersView found the domain http://www.echogb.com/en/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.