Cryptocurrency Exchanges

Efinanceproltd

1.7 (12 reviews)
🇨🇦 Canada
Visit Website
1.7
12 reviews
5
0
4
0
3
0
2
8
1
4

About Efinanceproltd

Efinanceproltd has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Efinanceproltd found at https://efinanceproltd.com/ is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

Write a Review

Regret choosing Efinanceproltd

A
Andrew P.
3 weeks ago

Efinanceproltd 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: Demo account available|Multi-device support

Cons: Limited cryptocurrency options|No integrated tax optimization

Not even close to acceptable

M
Monica C.
1 months ago

Efinanceproltd changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Dedicated account manager|Copy trading available|Demo account available

Cons: Slow to add new assets|Inactivity fee applies after 12 months

No negative balance protection

A
Amber K.
2 months ago

The so-called education at Efinanceproltd is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for nearly two years thinking they would help me learn.

Pros: Real-time alerts|Excellent charting|Fast support response

Cons: Charting tools need more indicators

Research is copy-paste from elsewhere

M
Maya A.
3 months ago

What really bothers me about Efinanceproltd is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a family member had a good experience and I fell for the polished exterior. Never again.

Pros: Real-time alerts|Customizable dashboard

Cons: No fractional shares|Could offer more webinars

Data breach and they did not notify us

G
George C.
4 months ago

Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Efinanceproltd recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.

Pros: Stable platform|Detailed reporting

Cons: Alert system is basic

Terrible in every aspect

C
Carl H.
6 months ago

I closed a profitable position at Efinanceproltd and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.

Pros: High security standards|Fast deposits

Cons: Mobile app could be improved

Stay far away from this company

A
Anna F.
6 months ago

I invested $1,000 with Efinanceproltd after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Ontario Securities Commission.

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

Requotes on every order

R
Rebecca G.
6 months ago

I had high hopes for Efinanceproltd through my accountant's suggestion, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Fast deposits|Multiple order types|Intuitive for beginners|Instant funding

Cons: Limited social trading features|Spreads widen during volatile periods

Extremely poor support experience

S
Seth J.
6 months ago

I signed up with Efinanceproltd after a family member had a good experience and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Responsive team|Demo account available|Clear documentation

Cons: Currency conversion fee exists

Mobile app loses orders

A
Alice Y.
9 months ago

Efinanceproltd offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.

Pros: Great customer service|Economic calendar|Transparent fees

Cons: Desktop app not available on Linux|Spreads widen during volatile periods