The company states that it operates from the very heart of the United States — Bismarck, North Dakota. Allegedly, it is a transparent STP broker that trades without dealing desk intervention. However, there is one catch: real American brokerage firms are subject to strict regulation, while EchoVista is not regulated at all. In this review, we will examine a pseudo-platform that shows numerous signs of being a scam.
Brief Overview
- 🖥Official Website: https://echovistasolution.com
- ✈️Contact Address: 600 E Boulevard Ave, Bismarck, ND 58505
- 📞Customer Support: support@echovistasolution.com
- 🔐Licensing and Accreditation: –
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:1000
- 💰Additional Services: analytics, signals, education, account manager, individual strategy
Echovistasolution.com Examination
Let’s start with EchoVista’s official website. Everything looks generic. It’s clear that some kind of template builder with a standard design was used — one that’s been adapted by dozens of shady “brokers”. There’s no uniqueness and no thoughtful design. The homepage is crammed with meaningless phrases like “we care about our clients”, “we offer the best conditions”, and “join thousands of traders”. However, where’s the proof?
The site supports several languages: English, Polish, Spanish, and Russian. There are only four main sections at the top: account types, platform, trading, and company information. Everything is thrown together sloppily and hastily. For example, the “platform” section talks about forex trading, while the “trading” section discusses the terminal. The creators mixed things up and didn’t even notice the errors. The “about the company” section contains minimal useful or important information. EchoVista doesn’t mention any licenses, provides no registration numbers, and doesn’t state its founding date. It merely claims to operate on an STP model, but this is clearly just bait for inexperienced clients.
The animations and images are an absolute mess. People are on hoverboards, robots, “charts” with no data, and fake interfaces. All done in one style: overly flashy, utterly tasteless, and completely templated.
Overall, the website doesn’t look professional, stylish, or informative. There’s no important data, just a lot of pseudo-benefits and meaningless fluff.
Company Contacts
The only way for clients to contact EchoVista managers is via email. The official website has no phone number, no contact form, no online chat, and no messaging apps. There’s no dedicated “Contacts” section, unlike with many serious and legitimate brokers.
And the main issue isn’t even that email is the only available option. A check showed that the email address was fake. It doesn’t exist, which means there’s no way to get in touch with the company’s staff.
Key Conditions
EchoVista’s trading conditions resemble those of many other dangerous and illegal companies. The starting deposit is high — $250. For some reason, scam platforms tend to set exactly this minimum amount. In addition, the broker offers seven account types, designed according to the principle “the better the account, the more additional services”. However, traders need to invest more money to unlock better conditions.
Beginners who can only afford the entry-level account receive from EchoVista training, negative balance protection, signals, market overview, and a swap-free option. This is a basic set of services that any broker offers. To access additional benefits, clients must invest $5,000, $25,000, or more. These benefits include:
- Cashback.
- Individual strategy.
- Webinars.
- Individual assistance.
- Private portfolio.
- Free withdrawal.
- Interest on free capital.
- Pro-capital mobility.
- Bitcoin discounter.
Leverage is enormous — 1:1000, but there’s no mention of commissions or spreads. Commissions are one of the most critical parameters, yet they are hidden. Spreads are only briefly mentioned in the “Platform” section, allegedly starting from 0 points, but that’s for forex only — nothing is said about other markets. There is no contract specification where spreads can be viewed in real-time.
Exposing Echovista
The company brags about having an office in the USA, with the address 600 E Boulevard Ave, Bismarck, ND 58505. The most interesting part? This is not a brokerage office — it’s the North Dakota State Government building. This can be easily verified via Google Maps.
Moving on — licenses, or rather, the lack of them. If a broker operates in the U.S., it must be registered with the NFA — National Futures Association. There is no debate here. It’s the law. EchoVista does not appear in the NFA registry. The company is also not registered with the CFTC — another key U.S. regulator. Nor is there any oversight by the SEC.
Another critical point is leverage. The website states leverage up to 1:1000. This is illegal in the U.S. by law. In the States, retail traders cannot be offered leverage higher than 1:50 for currency pairs and 1:20 for other instruments. Anything beyond that is automatically against the law. Which means even if they were actually operating in the U.S., they would be violating local regulations. However, they are not operating there. They simply make up numbers to lure in beginners who don’t understand the nuances.
There is no information on the founding date of EchoVista on the website. This is another red flag. Legitimate brokers at the very least state when they were founded, describe their journey, introduce their team, and indicate the countries where they operate. You can check the age of the platform through its domain — specifically, its registration date. So, echovistasolution.com was created on August 14, 2024. It has not even been online for a full year.
What’s especially concerning is how EchoVista throws around the term “STP”. They use it left and right, as if the mere word automatically makes them trustworthy. However, there’s not a single piece of evidence that they actually operate under an STP model. There’s no data on counterparties and no information about liquidity providers.
Echovista mentions the name of the alleged owner: Ryan Rose. Who this person is remains unclear. There are no social media profiles, no photos, no biography, and no public association of this name with any financial institutions. In legitimate companies, team members usually have LinkedIn profiles. Here, it’s just a name — likely a fictional one.
What Reviews Do Users Leave?
Since this is a young company — it has only been operating since August 2024. It’s no surprise that there are very few comments online. Moreover, reviews of EchoVista are mostly positive, which clearly points to artificially boosted ratings. Scammers post fake positive reviews to attract unsuspecting traders and take their money. All comments are repetitive and sound almost identical.
Conclusions
EchoVista is not a broker — it’s a typical scam project created to siphon money from trusting users. No licenses, no transparency, and no real business operations. All the signs of a scam are present: a fake address, illegal leverage, and empty promises. Getting involved with this platform is a direct path to losing your deposit.
Pros/Cons
- The site supports 4 languages.
- Illegal activity.
- Fake US address and email.
- A short period of operation — less than a year.
- Fake positive reviews.
I believed in fairy tales about American jurisdiction and invested here. Thankfully, I only put in a small amount, just $300, so it wasn’t too painful to lose. But EchoVista turned out to be a scam. Everything they say and promote is fake and fraudulent. You won’t get a single cent back. The scammers won’t allow it. You won’t even be able to contact them to ask why. So stay as far away from this scam as possible