European Financial Services Conduct Authority has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: efsca.online.
European Financial Services Conduct Authority seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Great customer service|Detailed reporting
Cons: Charting tools need more indicators|Limited demo account features
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 Financial Services Conduct Authority said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Smooth onboarding|No hidden fees|Demo account available|Clear documentation
Cons: Limited demo account features|Inactivity fee applies after 12 months
The so-called education at European Financial Services Conduct Authority 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 over a year thinking they would help me learn.
Pros: Clear documentation|Segregated accounts|Tax reports included|Clean UI
Cons: Account statements could be more detailed|Wish they had more educational resources
I signed up with European Financial Services Conduct Authority when my bank disappointed me and I searched for alternatives 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: Wide product range|API access
Cons: Spreads widen during volatile periods|Cannot customize dashboard fully
My card was charged twice by European Financial Services Conduct Authority on the same day. I had to dispute it with my bank. European Financial Services Conduct Authority 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: Clean UI|Multi-currency support
Cons: Some tools only available on higher tiers|Slow to add new assets
European Financial Services Conduct Authority locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Copy trading available|Multi-currency support|Transparent fees|Low minimum deposit
Cons: No phone support on weekends
The platform itself is okay, but the customer service at European Financial Services Conduct Authority 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: Multi-currency support|Segregated accounts|Comprehensive tools|Multi-device support
Cons: Could offer more webinars
The hidden fees at European Financial Services Conduct Authority are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Helpful community forum|Smooth onboarding|Copy trading available
Cons: No live chat on mobile
KYC with European Financial Services Conduct Authority is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Personal attention|Clear documentation
Cons: No phone support on weekends|Onboarding videos are outdated
I trusted European Financial Services Conduct Authority 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: Comprehensive tools|Educational resources|Regular platform improvements
Cons: Search feature is basic