English

EFI Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://dashboard.efimarkets.com/register, about the company's legal and temporary regulatory information, the company's address 10th Sterling Tower, 14 Poudriere street, at the premises of Premier Financial Services Limited in Port-Louis, Mauritius..

EFI Markets Forex Broker

Basic Information

Registered Region

Mauritius

Operating Period

Company Name

EFI MARKETS LTD

Abbreviation

EFI Markets

Company employee

Customer Service Email Address

support@efimarkets.com

Company Website

https://www.efimarkets.com/

Company address

10th Sterling Tower, 14 Poudriere street, at the premises of Premier Financial Services Limited in Port-Louis, Mauritius.

Facebook

https://www.facebook.com/efimarkets

https://x.com/efi_markets?mx=2

Keywords

2-5 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

High potential risk

Company profile

EFI MARKETS Review SummaryFounded2021Registered Country/RegionMauritiusRegulationNo regulationMarket InstrumentsForex, Commodities, Stocks, ETFs, BondsDemo Account✅SpreadFrom 1.2 pips (Standard account)Leverage❌Minimum Deposit1 EUR, 1 USD, 1 GBP, 1 CHF, 2 BGN, 25 CZK, 8 HRK, 350 HUF, 5 PLN, 5 RONTrading PlatformEFIMARKETSCustomer SupportSocial media: Facebook, Twitter, LinkedIn, Instagram, TelegramAddress: Suite 201 Level 2, The Catalyst Building, Cybercity Ebene, Republic of Mauritius;Hinterbergstrasse 49, 6312 Steinhausen, SwitzerlandEmail: support@efimarkets.comLive chat, contact formEFI MARKETS Information EFI MARKETS, is the trading name of Lincoln Classic Ltd registered in Mauritius and SWISS DIGITAL WEALTH AG registered in Switzerland. Its domain was started in 2021 and the company offers trading services in forex, commodities, stocks, bonds and ETDs. It uses segregated accounts to protect investor funds and only requires a low minimum deposit of 1 EUR/USD/GBP or less equivalent. You can execute trades on an APP named “EFIMARKETS”, and practicing with a demo account is available before commiting actual trading. However, one fact that is worth noting is that the broker currently operates without any valid regulation from any authority bodies, imparing its credibility and legality.Pros and ConsProsConsDemo accountsNo regulationAffordable minimum depositOnly one free withdrawal each monthFund segregationTight starting spreadsIs EFI MARKETS Legit? The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.What Can I Trade on EFI MARKETS? EFI MARKETS boast more than 8000 trading products, mainly in 5 asset classes. Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment. There are more than 47 currency pairs with EFI MARKETS. Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as precious metals as well as energy and agricultural products. Stocks: Shares represent ownership stakes in large companies such as Apple, Tesla etc., allowing investors to participate in their profits and losses. EFI MARKETS enables trading in 3000+ shares. Bond: A bond is a debt security issued by governments or corporations to raise capital, paying interest over a fixed period until maturity. EFI MARKETS mainly supports German bonds and US treasuries. ETF: An ETF (Exchange-Traded Fund) is an investment fund that trades on stock exchanges, you can trade over 380 ETFs with the broker. When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than a single one you feel optimistic about.Tradable InstrumentsSupportedForex✔Commodities✔Indices❌Cryptocurrencies❌Shares✔ETFs✔Bonds✔Mutual Funds❌Account Type/Spreads & Commissions EFI MARKETS provides a demo account for new strategic practicing and testing and allows beginners to famliarize themselves with the platform. A live account with a minimum deposit of 1 EUR, 1 USD, 1 GBP, 1 CHF, 2 BGN, 25 CZK, 8 HRK, 350 HUF, 5 PLN, 5 RON is also available. Spread is tight from 0 pips and commission is from 0.02 USD per share for stocks and ETFs.Leverage Leverage, a trading tool that enables you to control larger positions with smaller capital, should always be used cautiously, with risk management indispensable for every investors. However, EFI MARKETS does not use leverage in trading.Trading Platform EFI MARKETS offers a proprietary trading platform naming at “EFIMARKETS”, with an app downloadable from both iOS and Android phones, allowing you to trade on the go. The platform boasts access to a wide range of market offerings for users to easily track and edit trades, manage risks through limit orders and stop losses, and monitor account balances and trade histories. The app is also said to feature real-time price charts, advanced technical indicators, and drawing tools, enabling traders to make informed decisions from anywhere. However, the broker's website mentioned they use MT5 platform as well, but we did not find any such info or download links, you should seek for clear clarification from them directly before trading with them.Deposit & Withdrawal EFI MARKETS enables a variety of deposit and withdrawal methods for clients across different regions. Deposits can be made using bank transfers, Klarna, major credit cards (Visa and MasterCard), PayPal, Skrill, Neteller, SafetyPay, and other regional services like Przelewy and iBank&BankLink. Most deposits are processed instantaneously, while bank transfers may take up to 3 business days. For withdrawals, options include bank transfers, PayPal, Skrill, Neteller, and iBank&BankLink, with a focus on providing one free withdrawal request each month. Processing times for withdrawals typically range from instantaneous to up to 3 business days. Deposit methodsDeposit MethodAccepted CurrenciesCommissions & FeesMinimum AmountMaximum AmountProcessing TimeBank TransferEUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK❌No minimumNo maximumUp to 3 business daysKlarnaEUR, GBP❌50 EUR/GBP10,000 EUR/5,000 GBPInstantaneousVisa/MasterCardEUR, USD, GBP, CHF, PLN, HUF, BGN, CZK, HRK, NOK, RON, SEK, AUD, SGD❌Varies (e.g., 50 EUR)Varies (e.g., 5,000 EUR)PayPalEUR, USD, GBP, CHF, PLN, HUF, CZK, SEK, AUD, SGD❌Varies (e.g., 500 EUR)SkrillEUR, GBP, USD, CHF, PLN, CZK, HUF, BGN, RON, HRK0.9%, min. 1 EUR/GBP/USD/CHF/PLN50 EUR/GBP/USD/CHF10,000 EUR/GBP/USD/CHFNetellerEUR, GBP0.9%, min. 1 EUR/GBP50 EUR/GBP10,000 EUR/GBPSafetyPayUSD, CLP❌50 USD/45,000 CLP5,000 USD/4,500,000 CLPUp to 1 business dayPrzelewyPLN❌50 PLN30,000 PLNiBank&BankLinkEUR, CNY, IDR, MYR, THB, VND❌10 EUR/100 CNY5,000 EUR/200,000 CNYiDEALEUR❌50 EUR10,000 EURInstantaneous Withdrawal methodsWithdrawal MethodAccepted CurrenciesCommissions & FeesMinimum AmountMaximum AmountProcessing TimeBank TransferEUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK1 free withdrawal per monthNo minimumNo maximumUp to 3 business daysPayPalEUR, USD, GBP, CHF, PLN, HUF, CZK, SEK, AUD, SGD1 EUR/GBP/USD/CHF10,000 EUR/40,000 PLNInstantaneousSkrillEUR, GBP, USD, CHF, PLN, CZK, HUF, BGN, RON, HRKNetellerEUR, GBP1 EUR/GBP10,000 EUR/GBPiBank&BankLinkEUR, CNY, IDR, MYR, THB, VND100 CNY/200,000 IDR200,000 CNY/200,000,000 IDR1-3 business days

EFI Markets broker review

Is EFI Markets safe or scam

Rating Index

Efi Markets Forex Broker - Comprehensive Information Guide

1. Broker Overview

Efi Markets, officially known as Lincoln Classic Ltd, was established in 2021. The company is headquartered in Mauritius and operates additional offices in Switzerland. As a private entity, Efi Markets caters primarily to retail traders, offering a wide range of trading services across various asset classes.

Since its inception, Efi Markets has made significant strides in the online trading landscape. The broker focuses on providing a user-friendly trading platform that appeals to both novice and experienced traders. One of the key milestones in Efi Markets' development was the launch of its proprietary trading platform, which includes features designed to enhance the trading experience.

Efi Markets operates primarily in the retail forex sector, offering an extensive array of trading products, including forex pairs, commodities, stocks, and ETFs. The company's business model emphasizes accessibility and affordability, with a low minimum deposit requirement, making it an attractive option for those new to trading.

Overall, Efi Markets aims to empower traders by offering innovative solutions and a comprehensive suite of trading tools, establishing itself as a notable player in the forex brokerage industry.

2. Regulatory and Compliance Information

Efi Markets currently operates without valid regulation from any major authority, which raises concerns regarding its legitimacy. The broker claims to have a Money Services Business (MSB) registration issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). However, this registration does not imply endorsement or licensing to provide financial services.

There are no regulatory numbers associated with Efi Markets, and it lacks a formal license from recognized regulatory bodies such as the Financial Conduct Authority (FCA) or the Canadian Investment Regulatory Organization (CIRO). The absence of regulation means that Efi Markets does not offer the legal protections typically afforded to clients of regulated brokers.

Efi Markets does implement a client fund segregation policy, ensuring that client funds are kept separate from the companys operational funds. However, the lack of participation in investor compensation schemes further complicates the security of client investments.

To comply with anti-money laundering (AML) and know your customer (KYC) regulations, Efi Markets requires clients to verify their identities upon account opening. This process is essential in mitigating risks associated with fraudulent activities.

3. Trading Products and Services

Efi Markets offers a diverse range of trading products, catering to various trading strategies and preferences. The broker provides access to over 47 currency pairs, including major, minor, and exotic pairs, allowing traders to engage in forex trading effectively.

In addition to forex, Efi Markets also offers a variety of Contracts for Difference (CFDs), including:

Commodities: Traders can access precious metals, energy products, and agricultural goods.
Stocks: With access to over 3,000 shares, traders can invest in prominent companies across different sectors.
ETFs: The broker supports trading in over 380 ETFs, providing diversification options for investors.
Bonds: Efi Markets primarily offers trading in German Bunds and US Treasuries.

The broker frequently updates its product offerings, ensuring that clients have access to the latest market trends and investment opportunities. Efi Markets also provides retail trading services, focusing on individual traders, while institutional client services are available, though details on these offerings are less emphasized.

4. Trading Platform and Technology

Efi Markets features a proprietary trading platform designed to enhance the trading experience. The platform is accessible via both web and mobile applications, supporting iOS and Android devices. The user-friendly interface allows traders to navigate easily and execute trades efficiently.

The broker claims to support MetaTrader 5 (MT5), although specific details and download links for this platform were not readily available on their website. The proprietary platform offers advanced charting tools, real-time market data, and analytical features to assist traders in making informed decisions.

Efi Markets emphasizes fast execution speeds, with claims of average execution times under 0.0004 seconds, which is crucial in the fast-paced forex market. The broker utilizes robust server infrastructure located in the United States, ensuring reliable access to trading services.

Additionally, Efi Markets provides API access for automated trading solutions, allowing traders to implement algorithmic strategies seamlessly.

5. Account Types and Trading Conditions

Efi Markets offers several account types to cater to different trading needs. The standard account requires a minimum deposit of 1 EUR/USD/GBP/CHF, with spreads starting from 0 pips and commissions from 0.02 USD per share for stocks and ETFs.

For advanced traders, Efi Markets provides specialized accounts, including:

VIP Accounts: Tailored for high-volume traders with enhanced features and lower trading costs.
Islamic Accounts: Available for traders requiring Sharia-compliant trading conditions.

A demo account is also offered, allowing new traders to practice risk-free before committing real funds.

The broker does not currently offer leverage, which may limit trading strategies for some clients. The minimum trading lot size varies, and overnight fees are applicable based on the positions held.

6. Funds Management

Efi Markets supports various deposit methods, including bank transfers, credit cards, and electronic wallets such as PayPal, Skrill, and Neteller. The minimum deposit requirement is 1 EUR/USD/GBP/CHF, making it accessible for traders of all backgrounds.

Deposits are processed quickly, with most transactions completed instantaneously. However, bank transfers may take up to 3 business days.

Withdrawal methods are similar to deposit options, with a focus on providing one free withdrawal request per month. Withdrawal processing times typically range from instantaneous to 3 business days, depending on the method chosen.

Efi Markets maintains a transparent fee structure, with no hidden charges associated with deposits. However, clients should be aware of potential fees for withdrawals, especially when using certain electronic payment methods.

7. Customer Support and Educational Resources

Efi Markets offers customer support through multiple channels, including email, live chat, and social media platforms. The support team is available 24/7, ensuring that traders can receive assistance whenever needed.

The broker provides support in several languages, catering to a diverse clientele. Educational resources are also available, including webinars, tutorials, and e-books, to help traders enhance their skills and knowledge.

Market analysis services, such as daily updates, news, and research reports, are offered to keep traders informed about market movements. Additionally, Efi Markets provides trading tools like calculators, economic calendars, and signal services, empowering traders to make informed decisions.

8. Regional Coverage and Restrictions

Efi Markets primarily serves clients in various regions, although specific details on regional offices were not extensively covered. The broker's services are available globally, but it is essential to note that certain countries may have restrictions on trading with Efi Markets.

The broker does not accept clients from regions where its services are not compliant with local regulations. This includes countries with stringent financial regulations or those where Efi Markets lacks the necessary licenses to operate legally.

In conclusion, Efi Markets presents a comprehensive trading platform with a diverse range of products and services. However, potential clients should carefully consider the lack of regulatory oversight and conduct thorough research before engaging with the broker. As with any financial service, due diligence is crucial to ensure a safe and secure trading experience.

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