Are you a FX trader? Consider using EtfCorp broker for trading? If yes, here is what you must know about this broker. See reviews to find all about it.
EtfCorp: What is it?
EtfCorp is an offshore brokerage company with a lot of promises for traders. This broker offers different account packages such Trader $25,000, Investor $1000 and Professional $50,000.
What is more, FX broker trades on the following instruments like forex, stocks, commodities, crypto, bonds and indices.
To clarify EtfCorp claims, traders must know they are dealing with an unknown broker with no regulation over its head.
Withdrawal and Deposit
EtfCorp Minimum Deposit / Withdrawal process
Under withdrawal policy, EtfCorp leaves us with no specific information on withdrawal fee nor processing days on withdrawal.
More so, EtfCorp minimum deposit is stated $1000 based on the account package. Regrettably, this broker lacks genuineness and reliability. Good number of brokers will allow you start trading with a minimum deposit of $100 or less.
As for the payment methods, the broker states nothing on the website.
EtfCorp Platform
EtfCorp leaves us in the unknown again as we could not find any trading platform offered on the website. There are no links to a software, nor to a web trader.
As for the leverage, nothing is indicated. From all indications, we say don’t consider doing that with an unregulated forex broker like this one, because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Why You Should Avoid EtfCorp.com Broker
First of, EtfCorp.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
Another red flag we noticed in this broker is that there is no demo account for traders. If traders can’t test the broker on a free account, how then can we know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
EtfCorp Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Bottom Line:
EtfCorp.com claims to be a genuine trading broker, but this is not the truth. From all indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers . Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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