Reported as a scam / unregulated
Why Echogb is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.