European Futures Options Commission has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Fake regulator 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.efoc.org.
I signed up with European Futures Options Commission 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: Fast deposits|Educational resources|Intuitive for beginners|Market news feed
Cons: Could offer more webinars|Account statements could be more detailed
The mobile app from European Futures Options Commission is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Professional team|High security standards
Cons: Limited social trading features|No fractional shares
Do not believe the bonus offer from European Futures Options Commission. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after attending a webinar they hosted and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Smooth onboarding|Full transparency
Cons: No fractional shares
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 Futures Options Commission said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Competitive fees|Real-time alerts|Responsive team|Portfolio tracking tools
Cons: Website design could be more modern|Help articles are sometimes vague
After since last summer with European Futures Options Commission 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: Easy withdrawals|Multiple order types|Clear documentation
Cons: Search feature is basic|Limited social trading features
The spread at European Futures Options Commission is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Personal attention|Real-time alerts|Professional team
Cons: No live chat on mobile|Limited ETF selection
European Futures Options Commission 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: Stable platform|No hidden fees|Market news feed|Wide product range
Cons: None so far|No live chat on mobile
The so-called education at European Futures Options Commission 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 since last summer thinking they would help me learn.
Pros: No hidden fees|Tax reports included|Reliable uptime|Clean UI
Cons: Minor UI glitches occasionally