EFT Markets Review

Company Overview

EFT Markets is an online trading brand specializing in providing access to a wide range of tradable instruments, including 50 different cryptocurrency assets, with the goal of granting customers access to this volatile and exciting market. Even though its offer is multi-asset, the wide range of cryptos covered provide an edge over other trading brands, since these instruments are very active nowadays and people want to get involved.

But EFT Markets does not only provide access to crypto. In fact, it has managed to develop a very comprehensive trading offer, aiming to reach a broad range of international traders. The services are available globally, except for jurisdictions where this type of trading is prohibited by local law and regulation. 

Trading Platform

With the goal of backing traders up with secure and efficient trading software, EFT Markets relies on a proprietary platform, accessible via the browser of any device, promising ultra-fast trade execution and a variety of integrated tools. Real-time data feed, trading signals, market news and analysis, one-click trading, and the ability to make deposits, are all elements which must be part of any decent platform, according to the brand’s vision. 

This is a solution designed to optimize your trading experience, without having to sacrifice the needed flexibility in the current financial market framework. For cryptocurrency traders, the platform is useful, since it enables access to the account even on a smartphone or tablet, facilitating trade management and assisting in finding new opportunities. 

For those wanting to test the platform without making a deposit, EFT Markets offers a free demo account for practice trading. You can see how the software operates on multiple devices and whether or not all the integrated tools are useful.

Account Types

To unlock a broader range of functionalities for its customers, EFT Markets has different account types that can suit traders with different financial potentials. You can choose a Standard, Silver, Gold, VIP, or Pro account, and gain access to daily news, up to 1:400 leverage, weekly market reviews, an account manager, a personal portfolio manager, and other benefits.

Premium features like guidance from a wealth manager, an invitation to VIP events, a manager portfolio, or customized education, are only available to VIP and Pro account holders. However, all customers get access to the entire EFT Markets asset coverage and thus get to enjoy trading on 50 different crypto instruments. 

You can trade on Bitcoin, Ether, Litecoin, Dash, EOS, Ethereum Classic, Stellar, Neo, and Tron, denominated in USD or USDT, while also taking advantage of crypto-to-crypto pairs, trading on values denominated in BTC, ETH, or XMR. The Crypto coverage is one of the main reasons why so many crypto traders have joined EFT Markets.

Funding a trading account is also very convenient since you can use a credit/debit card or a bank wire transfer. These are trusted payment methods and show EFT Markets values financial protection for customers. 

Customer Service

One of the easiest ways to get in touch with an EFT Markets representative is via the company’s live chat feature. Available during working days, it offers an opportunity to find more information about services provided or solve any technical difficulty that might arise along the way. The broker also has an email address for its help desk as well as a phone number. The working hours are between 7 am – 5 pm, UK time. 

Trading Education

Not many factors are more important to one’s trading performance than education. Having updated information about the markets is critical now that the financial industry is changing fast. To provide a helping hand, EFT Markets puts a lot of effort into ensuring access to various resources.

Registered traders benefit from a trading academy, support from an account manager, weekly portfolio progress reports, daily market reviews, weekly live stream trading webinars, and other services. Keep in mind that all these resources depend on the account type chosen by each customer. 

Summary 

At the time of writing, Bitcoin is hovering around $38,000 and other high-profile altcoins are also posting significant gains, which puts a brand like EFT Markets in a favorable position. With a very competitive crypto trading offer, the broker wants to show that it believes in the power of cryptocurrencies. Prices are volatile and thus short-term opportunities arise both on rising and falling markets. 

EFT Markets is a multi-asset provider so cryptocurrencies can be traded alongside FX, stocks, indices, and commodities, ensuring diversification to counteract the negative effects of volatility. On top of the asset coverage, there are plenty of other trading benefits we’ve discussed in our review.

EFT Markets Review

Product Name: EFT Markets

Product Description: EFT Markets is an online trading brand specializing in providing access to a wide range of tradable instruments, including 50 different cryptocurrency assets, with the goal of granting customers access to this volatile and exciting market.

Offer URL: https://eftmarkets.com/

[ More ]

• Trading Platform
• Account types
• Customer Service
• Trading Education

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Summary

EFT Markets is an online trading brand specializing in providing access to a wide range of tradable instruments, including 50 different cryptocurrency assets, with the goal of granting customers access to this volatile and exciting market.

 

 

Pros

• A very competitive cryptocurrency coverage offer
• Access to a useful trading academy
• Flexible leverage and trading costs

 

 

Cons

• Trading commissions involved, depending on the account type
• Limited educational resources for Standard account holders