European Association of Futures and Options Traders has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: Kohlmarkt 16 Vienna 1010 Austria 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.eafot.org.
European Association of Futures and Options Traders 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: Two-factor authentication|Risk management tools|Wide product range|Demo account available
Cons: None so far
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. European Association of Futures and Options Traders said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Stable platform|Responsive team|Educational resources|Professional team
Cons: Wish they had more educational resources|Website design could be more modern
Do not believe the bonus offer from European Association of Futures and Options Traders. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a financial advisor and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Educational resources|Multi-currency support|Demo account available
Cons: No crypto staking|Some tools only available on higher tiers
European Association of Futures and Options Traders 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: Detailed reporting|Demo account available
Cons: Nothing significant|Desktop app not available on Linux
European Association of Futures and Options Traders 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: Two-factor authentication|Instant funding|Automated trading options|Professional team
Cons: No crypto staking
My card was charged twice by European Association of Futures and Options Traders on the same day. I had to dispute it with my bank. European Association of Futures and Options Traders 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: Automated trading options|Dividend tracking|Portfolio tracking tools
Cons: Live chat only during business hours
The spread at European Association of Futures and Options Traders is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Low minimum deposit|Responsive team|Smooth onboarding
Cons: Minor UI glitches occasionally
The onboarding at European Association of Futures and Options Traders 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: Copy trading available|Detailed reporting|Helpful community forum|Comprehensive tools
Cons: Wish they had more educational resources|No fractional shares
Do not use European Association of Futures and Options Traders for anything serious. I used them for a few weeks now 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: Competitive fees|API access
Cons: Limited cryptocurrency options|No live chat on mobile