Electric Trades (electricstrades.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 447778445771
Addresses: 11 Wall St New York NY 10005 United States This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: electricstrades.com.
Opened my account with Electric Trades (electricstrades.com) from a blog post comparing services 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: Reliable uptime|Quick verification|Real-time alerts
Cons: Account statements could be more detailed
My withdrawal request from Electric Trades (electricstrades.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Full transparency|Low minimum deposit|Wide product range|Two-factor authentication
Cons: Inactivity fee applies after 12 months
What really bothers me about Electric Trades (electricstrades.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a review site like this one and I fell for the polished exterior. Never again.
Pros: Good mobile app|Clear documentation|Quick verification|Intuitive for beginners
Cons: Would like more payment methods|Desktop app not available on Linux
I trusted Electric Trades (electricstrades.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Educational resources|Regular updates
Cons: Cannot customize dashboard fully|Some tools only available on higher tiers
I am in a dispute with Electric Trades (electricstrades.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: No hidden fees|Good analytical tools
Cons: None so far|Wish they had more educational resources
Where do I even begin with Electric Trades (electricstrades.com)? since last summer of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Economic calendar|Risk management tools
Cons: Charting tools need more indicators
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Electric Trades (electricstrades.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Automated trading options|Real-time alerts|Fast execution
Cons: Onboarding videos are outdated
My card was charged twice by Electric Trades (electricstrades.com) on the same day. I had to dispute it with my bank. Electric Trades (electricstrades.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Stable platform|Multi-device support|Automated trading options
Cons: No dark mode on mobile|Could offer more webinars
Electric Trades (electricstrades.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Great customer service|Reliable uptime
Cons: No dark mode on mobile
I gave Electric Trades (electricstrades.com) a fair chance. After for the past year and a half 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: Clear documentation|Clean UI
Cons: Account statements could be more detailed