Score
Mauritius
|
5-10 years
| https://www.efimarkets.com/
Website
Rating Index
Influence
D
Influence index NO.1
Thailand 2.58
LicensesNo valid regulatory information, please be aware of the risk!
Mauritius
efimarkets.com United States
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| EFI MARKETS Review Summary | |
| Founded | 2021 |
| Registered Country/Region | Mauritius |
| Regulation | No regulation |
| Market Instruments | Forex, Commodities, Stocks, ETFs, Bonds |
| Demo Account | ✅ |
| Spread | From 1.2 pips (Standard account) |
| Leverage | ❌ |
| Minimum Deposit | 1 EUR, 1 USD, 1 GBP, 1 CHF, 2 BGN, 25 CZK, 8 HRK, 350 HUF, 5 PLN, 5 RON |
| Trading Platform | EFIMARKETS |
| Customer Support | Social media: Facebook, Twitter, LinkedIn, Instagram, Telegram |
| Address: Suite 201 Level 2, The Catalyst Building, Cybercity Ebene, Republic of Mauritius;Hinterbergstrasse 49, 6312 Steinhausen, Switzerland | |
| Email: support@efimarkets.com | |
| Live chat, contact form | |
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 | Cons |
| Demo accounts | No regulation |
| Affordable minimum deposit | Only one free withdrawal each month |
| Fund segregation | |
| Tight starting spreads |
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.
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 Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Shares | ✔ |
| ETFs | ✔ |
| Bonds | ✔ |
| Mutual Funds | ❌ |
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, 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.
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.
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 methods
| Deposit Method | Accepted Currencies | Commissions & Fees | Minimum Amount | Maximum Amount | Processing Time |
| Bank Transfer | EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK | ❌ | No minimum | No maximum | Up to 3 business days |
| Klarna | EUR, GBP | ❌ | 50 EUR/GBP | 10,000 EUR/5,000 GBP | Instantaneous |
| Visa/MasterCard | EUR, USD, GBP, CHF, PLN, HUF, BGN, CZK, HRK, NOK, RON, SEK, AUD, SGD | ❌ | Varies (e.g., 50 EUR) | Varies (e.g., 5,000 EUR) | |
| PayPal | EUR, USD, GBP, CHF, PLN, HUF, CZK, SEK, AUD, SGD | ❌ | Varies (e.g., 500 EUR) | ||
| Skrill | EUR, GBP, USD, CHF, PLN, CZK, HUF, BGN, RON, HRK | 0.9%, min. 1 EUR/GBP/USD/CHF/PLN | 50 EUR/GBP/USD/CHF | 10,000 EUR/GBP/USD/CHF | |
| Neteller | EUR, GBP | 0.9%, min. 1 EUR/GBP | 50 EUR/GBP | 10,000 EUR/GBP | |
| SafetyPay | USD, CLP | ❌ | 50 USD/45,000 CLP | 5,000 USD/4,500,000 CLP | Up to 1 business day |
| Przelewy | PLN | ❌ | 50 PLN | 30,000 PLN | |
| iBank&BankLink | EUR, CNY, IDR, MYR, THB, VND | ❌ | 10 EUR/100 CNY | 5,000 EUR/200,000 CNY | |
| iDEAL | EUR | ❌ | 50 EUR | 10,000 EUR | Instantaneous |
Withdrawal methods
| Withdrawal Method | Accepted Currencies | Commissions & Fees | Minimum Amount | Maximum Amount | Processing Time |
| Bank Transfer | EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK | 1 free withdrawal per month | No minimum | No maximum | Up to 3 business days |
| PayPal | EUR, USD, GBP, CHF, PLN, HUF, CZK, SEK, AUD, SGD | 1 EUR/GBP/USD/CHF | 10,000 EUR/40,000 PLN | Instantaneous | |
| Skrill | EUR, GBP, USD, CHF, PLN, CZK, HUF, BGN, RON, HRK | ||||
| Neteller | EUR, GBP | 1 EUR/GBP | 10,000 EUR/GBP | ||
| iBank&BankLink | EUR, CNY, IDR, MYR, THB, VND | 100 CNY/200,000 IDR | 200,000 CNY/200,000,000 IDR | 1-3 business days |
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Cilyder
Netherlands
Low spread and beeing able to trade from Tradingview is great, BUT in rush hour It can take a while to close a trade. But all in all a great place to be a part of.
Neutral
Hereme
United States
user-friendly platform. responsive and knowledgeable customer support.
Positive
67213
New Zealand
EFI Markets stands as a beacon of reliability in the world of trading. Their platform has proven to be not simply good, but excellent for conducting trades, instilling a deep sense of trust every step of the way.
Positive
无名氏55188
Cambodia
Trades were executed really fast, and I have been traded with this broker since the least year. So far, I did not meet any problem. I suggest you to try the demo account first, for I switched to live trading account from demo account at that time.
Positive