Econo Broking claims Putting their clients first since 2009 and now has over 12 years of experience in trading. But when we checked its domain, we found it was created in 2020. So how could it start its business in 2009? It is a red flag here.

Besides, Econo Broking claims to be authorized and regulated by multiple authorities, including:

1) The Formerly Bombay Stock Exchange (BSE);

2) The National Stock Exchange of India Ltd (NSE);

3) The Multi Commodity Exchange of India Limited (MCX);

4) The Metropolitan Stock Exchange of India Limited (MSE);

5) The National Commodity & Derivatives Exchange Limited (NCDEX);

6) The Indian Commodity Exchange (ICEX).

However, please be informed that none of the above authorities is a financial regulator that issues forex licenses or regulates entities engaging in forex services. The truth is, Econo Broking is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

BrokersView found that the domain "https://econobroking.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.