Econfarm (econfarm.org) has been flagged by ASIC (Australia) for "Unlicensed". 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.org.
I gave Econfarm (econfarm.org) a fair chance. After since I retired last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Reliable uptime|Tax reports included|Clean UI
Cons: No crypto staking
I joined Econfarm (econfarm.org) when my bank disappointed me and I searched for alternatives and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Clean UI|Real-time alerts
Cons: Email notifications too frequent
After for over a year with Econfarm (econfarm.org) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Transparent fees|Multi-device support|Instant funding|Easy withdrawals
Cons: Withdrawal takes 1-2 business days
After using Econfarm (econfarm.org) for roughly four months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Transparent fees|Excellent charting|Easy withdrawals
Cons: Email notifications too frequent|Could offer more webinars
Econfarm (econfarm.org) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Two-factor authentication|Quick verification|Regular updates
Cons: Limited cryptocurrency options|Minimum deposit could be lower
I have been trying to close my account with Econfarm (econfarm.org) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Portfolio tracking tools|Automated trading options
Cons: Nothing significant|Account statements could be more detailed
Customer support at Econfarm (econfarm.org) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Comprehensive tools|Wide product range|Market news feed
Cons: Limited social trading features