Eftrades.com is one of the most innovative and interesting platforms for those who need to invest their capital and want to make access to different markets, including the most modern ones. It was founded to trade cryptocurrencies, but with time significant changes were made to diversify its business and now it is possible to invest in: cryptocurrencies, Forex, stocks and ETFs, and precious metals. In this review we will look at the platform that allows you to trade Forex and stocks, commission-free and with positive slippage.
The company has more than 200 members in the team and a million of users; they rank as one of the fastest growing fintechs in Europe. Is not a scam but high quality broker.
The platform’s strengths are:
- simplicity of the platform;
- state-of-the-art security;
- simplified user experience;
- educational materials;
- the wide range of equities and ETFs;
- assets stored in secure depositories.
Eftrades.com also allows for detailed information on the stocks, ETFs and cryptocurrencies offered by the platform, including upcoming events of interest for all financial assets.
Security of eftrades.com
Let us begin by analyzing the security and transparency of eftrades.com, certainly the first element to consider when choosing the investment platform to use to invest one’s capital.
In fact, a broker must first of all guarantees transparency and reliability. Eftrades.com guarantees security for clients’ savings, presenting itself as the leading investment exchange platform that operates under the supervision of the legal authorities. Clients’ funds and tokenized assets are segregated from the broker’s capital, and in the event of default, no third party has recourse to the traders’ capital.
Registration on eftrades.com
Opening a trading account with eftrades.com will take the user no more than couple of minutes. Here are the steps to follow:
- start a registration from the website clicking on “Register” button in the top;
- enter phone number and create login PIN;
- enter your personal details, including country of tax residence;
- confirm your identity by taking a selfie and uploading your ID;
- download the eftrades.com smartphone Metatrader app and confirm phone number and PIN.
Once you sign up, you will be able to form your own opinion about eftrades.com, which is much more useful than any review on the web.
Money Deposits/Withdrawals on eftrades.com
Regarding deposit transactions, eftrades.com provides the following money deposit options for the customer:
- credit or debit card (all Visa and MasterCard);
- digital wallets;
- bank transfer.
On average, the deposit is processed within one or two days. On the other hand, if payment is made by card, crediting is instantaneous. Upon confirmation of receipt of the deposited money, the user can place his or her first order. As for withdrawals, the customer has the option of making a transfer from his account to the registered counterpart account, or using the same method as for the deposit.
How to place an order on eftrades.com
Placing an order on the exchange platform is very simple and involves two easy steps:
- choose the assets or ETFs in which you intend to invest;
- set the amount of equities to buy and click on the blue arrow to confirm the transaction. At this point, you will receive confirmation that the order has been received;
- in addition, the user has the option of setting a stop order to minimize the potential loss
choosing “stop price” instead of “market price,” as well as a limit order, choosing “limit price” instead of “market price.”
For both types of order, the client can choose whether to set it for a day or for a year. Finally, it is possible to set up an alert that notifies the client of specific market movements, so they can stay up-to-date on the trends of their portfolio securities and the market risks
Products to trade on eftrades.com
The platform also allows manual investing in thousands of assets and funds both American and international at zero fees. There are 32 markets that can be accessed through the platform, including:
- Hong Kong.
Through the eftrades.com you can also trade cryptocurrency markets. There are more than 50 cryptos available for trading, including:
- Bitcoin Cash;
Changing cryptocurrency regulatory political cryptocurrencies restrictions and other external factors can change demand in ways that stock-to-flow cannot predict. Unexpected changes often occur in the cryptocurrency market and influence investors’ decisions which may be damage resulting. Given the limited supply of digital currencies compared to other instruments, these circumstances coin risky assets have a heavier impact on value, leading to sudden and significant changes.
Final word on eftrades.com
Customer support is that price level at which there is such a concentration of demand, as to oppose the descent of quotations for a time significant period. Finally, allows, free of charge, to get information by helping users to familiarize themselves well with all the technical tools, allowing to invest their money risk free and without having to lose capital in the beginning of their trading career.
At the end of this review on eftrades.com, it can be concluded that besides the fact that it is safe and certainly not a scam, it can be highlighted that eftrades.com is made of people. It is a real community of traders and investors, and not just a platform to trade with.