Eftrades.com is a multi-markets broker that is gaining more and more acceptancedue to the favorable terms offered regarding overnight fees and especially regarding spreads. The broker offers two platforms to work directly on the web or install on any device. In this review we will analyze the merits and drawbacks of this online trading platform, providing a comprehensive overview of all its features.
The first is a basic web platform, suitable for all types of users. On the other hand, the second is MetaTrader, which is mainly suitable for users with a solid experience base and for experts. Among the absolute advantages of this company over others we have:
- transparency: because the accounts of the users to be copied are always checked and real, risk free of running into a scam manipulate the data, as happens through other systems;
- customer service is efficient and fast, and offers comprehensive solutions in a short time;
- you can stop any kind of potential loss by setting your limits.
No small advantages revealed by this review for a service that can put at your fingertips the ability to trade by really copying all the best users who invest on the web and with online trading.
Financial markets to trade on eftrades.com
A top-of-the-line exchange platform is ideal for professionals and advanced traders. Eftrades.com offers its clients a wide range of financial products, including:
- stocks and ETFs;
- futures and options on futures;
- spot currencies;
Eftrades.com provides access to more than 135 financial markets around the world, from North America to South America, Europe, Asia, and Australia, providing institutional and professional traders with direct online access to a wide range of order execution and clearing services. of products.
Cryptocurrencies on eftrades.com
Eftrades.com offers one of the world’s most comprehensive cryptocurrency choices. At the time of writing this review, there are 300+ cryptocurrency pairs. Now, regarding the cryptocurrencies offered by the platform, you will find that you can trade cryptocurrencies for fewer coins with the following advantages:
- low commissions with no additional spreads, mark-ups or custody fees (Bitcoin, Bitcoin Cash, Ethereum and Litecoin);
- access cryptocurrency markets via a professional-grade desktop platform and intuitive mobile and web platforms;
- trade stocks, options, futures, spot FX, bonds, funds and more from the broker’s integrated platform.
More liquid assets (such as Forex) have a smaller bid-ask spread, which means that buyers and sellers can execute their orders without causing significant changes in a tokenized assets’ price. This is related to the large volume of orders in the order book. Because of many outside influencing circumstances coin trading is thought to be among the riskiest investment forms.
If you have finally decided to jump in and participate in the lucrative cryptocurrency market, and of course you are already thinking about accumulating millions in the shortest time significant period. The cryptocurrency market is undoubtedly very lucrative and particularly exciting for investors, but unfortunately, cryptocurrencies are risky assets and understanding well market dynamics are not so easy. Remember that trading involves risks to lose capital. You should not invest money that you cannot afford to lose, however, the maximum loss you can incur is equal to your account financial assets.
Account creation and transactions on eftrades.com
The eftrades.com trading account can be opened electronically on the official website. During the opening phase, you can choose between an individual or joint account (up to two people). The only requirement is that you must be over 18 years old, and the process of opening an account from the site takes about 45 minutes. Eftrades.com offers multiple account structures designed for the specific needs of individual traders, investors, advisors, funds, and institutional clients. Eftrades.com will accept no liability for damages resulting from using or relying on this platform.
In order to receive the money, it will then be necessary to send a copy of an identity document and a utility bill or otherwise a source that certifies the physical residence of the holder. Having done this, it will take a few days for the request to be processed up to a maximum of two weeks.
The verification procedure follows a standard legal process and complies with the regulatory political regulatory framework governing financial markets against money laundering activities, fraud, and wire scams. Eftrades.com allows investors to make deposits in up to 23 different currencies. During transactions, it automatically converts at the interbank rate into the currency needed to trade stocks on multiple markets. Also, one should check beforehand whether there are any cryptocurrency restrictions in their country.