EfirTrade: features and terms of work
EfirTrade positions itself as a brokerage company that provides clients with access to financial markets and favorable conditions for transactions. The company was officially established in 2016. Currently, EfirTrade is actively working on developing its trading platform for efficient trading, which contributes to the development of the investment business segment in Russia. Clients are guaranteed reliable protection of their funds and personal information from possible hacker attacks. In addition, they are provided with a wide range of trading instruments.
There are no official company documents on the efirtrade.com website. No legal proof of official registration has been provided, and there is no license from the Central Bank of Russia. Additionally, there is no list of regulatory bodies mentioned. The “User Agreement” states the address: Office 34, 2 Kappado, Dasoupoli, 9867, Pak, Cyprus, indicating an offshore zone.
For customer support, online chat and email are available. Technical support is available to clients 24/7 on weekdays.
Trading conditions from Efir Trade:
- Clients are provided with unlimited access to a functional platform.
- The broker guarantees profitability of transactions up to 91%.
- Funds can be withdrawn within 24 hours except for bank transfers.
- The company reserves the right to use clients’ personal data when necessary for security purposes.
- Processing time for withdrawal requests may vary, and the company is not responsible for any possible delays or losses of funds on the platform.
The EfirTrade website does not provide pre-created information about trading accounts or a list of investment services. The format of interaction with clients remains undisclosed.
Account funding and withdrawal from Efir Trade:
EFir Trade does not compensate for currency conversion costs and other services when withdrawing funds. The minimum initial capital and account registration procedures are not defined. Commissions are only charged for bank transfers and can range from 10% to 15%. When withdrawing funds, clients can withdraw an amount equivalent to at least 5,000 and no more than 500,000 rubles per transaction, 3,500,000 rubles per week, and 14,000,000 rubles per month.
Summary
EfirTrade defines itself as a broker, but does not provide the necessary documents to offer services. The company has not convincingly confirmed its legality by not providing a registration certificate, license, and a list of regulatory bodies. There is incomplete information on client interaction and financial aspects of cooperation.