Econfarm (econfarm.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61 485 958 152
Addresses: 130 Farrell Rd Hanwood NSW 2680 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: econfarm.com.
Econfarm (econfarm.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Competitive fees|Detailed reporting|Two-factor authentication
Cons: No fractional shares|Website design could be more modern
The onboarding at Econfarm (econfarm.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Clear documentation|Good analytical tools
Cons: Limited demo account features
Do not use Econfarm (econfarm.com) for anything serious. I used them for about ten months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Smooth onboarding|Good analytical tools
Cons: No fractional shares|Website design could be more modern
After spending for about eight months trying to make Econfarm (econfarm.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Economic calendar|Intuitive for beginners|No hidden fees
Cons: No integrated tax optimization
Opened my account with Econfarm (econfarm.com) through word of mouth in my investment club and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Multi-device support|Easy withdrawals|Multi-currency support
Cons: Email notifications too frequent|No phone support on weekends
What really bothers me about Econfarm (econfarm.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after reading several online reviews and I fell for the polished exterior. Never again.
Pros: Great customer service|Fast deposits
Cons: Minor UI glitches occasionally
The platform itself is okay, but the customer service at Econfarm (econfarm.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Low minimum deposit|Stable platform
Cons: Would like more payment methods