Econam has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". Loan Fee Fraud
Econam
Nybyvägen 61
724 84 Västerås
Sweden
Telephone: +46 731 738 480
E-mail: [email protected] This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.econam.se.
Econam had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Comprehensive tools|Fast support response|Responsive team|Wide product range
Cons: Currency conversion fee exists
I experienced a security concern with my Econam account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Competitive fees|Real-time alerts|Excellent charting
Cons: Spreads widen during volatile periods
I requested my data from Econam under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Market news feed|Clear documentation|Wide product range|Professional team
Cons: Charting tools need more indicators|No crypto staking