EFT Markets Review

EFT Markets

Details

Broker EFT Markets
Website URL https://eftmarkets.com/
Support Number +44 2038857653
Support Types Email , Phone , Live chat
Languages English
Trading Platform Web-based platform, Mobile app
Minimum 1st Deposit Not specified
Minimum Account Size $0
Leverage Up to 1:400
Spread Fixed/Floating spreads
Free Demo Account Yes
Account Types Standard , Silver , Gold , VIP , Pro
Deposit Methods Credit/debit card , Wire transfer , BPay , Cryptocurrencies
Withdrawal Methods Credit/debit card , Wire transfer , BPay , Cryptocurrencies
Number of Assets 1,000+
Expiry Times FX , Shares , Indices , Commodities , Cryptocurrencies
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 94

 

EFT Markets is a forex and CFD broker, offering a wide range of products including currency pairs, cryptocurrencies, stocks, indices, and commodities. Though a high-tech trading platform, state-of-the-art encryption technology, a unique vision, and a strong reputation, the broker wants to make sure that clients benefit from some of the best market conditions.

Alt-text: EFT Markets logo

Aside from the competitive trading costs for FX pairs, it is important to note that with EFT Markets, traders can diversify and use a multitude of trading tools to tackle the markets as professionals. If you want to find out more about what this brand has to offer, here is a comprehensive EFT Markets review to provide more clarity.

Trading Platform

Simple, fast, accurate, and incorporating some of the latest trading technologies – these are just some of the qualities of the EFT Markets web-based platform. Due to its flexible nature, it can be used from any device, be it desktop, laptop, or mobile. At the same time, it embodies structurally important features like TradingView charts, CNBC news, price alerts, multiple languages supported, and the ability to manage the trading account, including making deposits, contacting customer support, or view my account summary.

Unlike the past several years, the forex market had been active again in 2020, and increased volatility had made it imperative for traders to use optimized trading platforms. EFT Markets is fully aware of the arising needs and because of that, it had developed updated proprietary software, instead of relying on an older already-existing solution.

On top of that, clients can use the EFT Markets trading app, compatible with Android devices for the time being. Two platforms are available with this company, but both manage to cover all the needs of a modern trader.

Alt-text: EFT Markets features

Account Types

The number of options increases when we talk about account types. Since customers are able to choose between Standard, Silver, Gold, VIP, and Pro accounts, there is a choice available for every trader, on every level. For FX trading, EFT Markets enables up to 1:400 leverage (keep in mind the leverage increases only if for account upgrades), very competitive spreads (for a standard account, you get 0.6 pips on EURUSD, which is mostly in line with top brokers in the market), and daily news to stay updated with the latest market developments.

Among the more notable features, we can mention weekly market reviews, an account manager, 24/6 support, weekly portfolio progress report, 24/7 account monitoring by top analyst group, monthly sessions with certified accountant, customized education, and others.

Trading Instruments

Trading with this broker means access to more than 1,000 instruments. The EFT Markets forex offer is the most notable and our main interest since there are tens of different currency pairs covered, including majors, minors, and exotics. On top of that, traders have the ability to diversify with other asset classes, including stocks, indices, commodities, and cryptocurrencies.

Alt-text: EFT markets instruments

This means EFT Markets provides a well-diversified instruments list, one that can help traders benefit from trading opportunities arising in a broad range of markets. If we talk solely about FX trading conditions, the benefits are hard to quantify and clients can get involved in the largest financial markets with some of the lowest trading costs.

Education

As one of its core values, education had been a major concern for EFT Markets, considering the broker had been constantly providing new and exciting resources, depending on the account type chosen. If you want to learn how to trade the markets, the Trading Academy is one of the best places to start.

On top of it, traders can dig deeper into the markets by using daily market reviews, working with a portfolio manager, getting assistance from an account manager, and monthly sessions with a certified accountant. Only those holding the largest accounts can benefit from premium features like invites to VIP events, in-depth research, customized education, or wealth manager.

Customer Support

To solve any technical issues, or simply finding out more information about the services provided, EFT Markets can be contacted via multiple communication channels. To prove that it relies on transparency, the broker is providing an email address, a phone number, and on top of that, a live chat feature. The customer support service is available 24/6, much better if we compare to other brokers that end support each Friday.

Summary

To conclude, EFT Markets is decent forex and CFD online broker, relying on ECN execution to provide access to premium trading conditions. Traders working with this brand can get access to the features we’ve talked about and plenty of others. There is no solid evidence to believe EFT Markets is a scam, which is why we’re labeling this brand as reliable. To make your own opinion, visit the broker’s website, read all the information provided, or contact a representative to get more insights.

 

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