The brokerage firm claims to “provide the deepest liquidity in products worldwide” and traders “thrive here.” In addition, the company promises clients “high annual profitability and secure access to the site.” Despite this, the intermediary provides no information about the organization’s registration and licenses.

Is this platform reliable? Should you invest in trading here? In our EffectaTrade review, we will provide details about this project, and you will find out if the broker deserves your trust.

How to Trade

The intermediary offers clients “access to the markets from anywhere in the world” through 3 platforms – PC, Mobile, and WebTrader. You will find the following features on this platform:

  • 4 trading plans.
  • Minimum deposit from $250 to $50,000.
  • Leverage from 1:30 to 1:100.
  • Spreads from 0.1 to 2.8 pips.
  • More than 20 thousand assets, from Futures to metals.

The brokerage firm presents the Affiliate Program and guarantees “the highest payouts”. However, the broker does not disclose details of clients’ participation in the partnership.

The company disclaims liability for any damages a trader may incur on this platform.

Analytics is represented by the TradingView ticker. The personal manager service is available to all clients. You can ask questions to the technical support via the feedback form.

EffectaTrade Vital Info

The site navigation is conveniently designed. But even though you can easily find the “About Us” section, you will not see any information about the project here. Why does the broker hide the history of its company? Probably because the platform had been operating for less than a month at the time of our review. We can see this from the date of domain creation – November 6, 2024.

Where is the organization registered? Does it have a license? As you might expect, we didn’t find the EffectaTrade brand on the global list of authorized companies. We see no point in looking for brokerage licenses for this intermediary. It is clear that none of the global regulators will consider a project operating without registering of a legal entity.

FAQ

What are the key facts about EffectaTrade?

The owners of the site do not disclose the date of the company's foundation, the location of the broker's head office, and the presence of a license. It is worth noting that copies of registration certificates and permits from regulatory authorities for financial activities are not available on the official website of this intermediary. In addition, this brand is not in the registers of legal entities in any country.

What's the risk to my wallet when working with this broker?

Judging by the fact that the anonymous owners of the project work without control from the state authorities of any jurisdiction, you should not trust them with your capital. ‌Besides, you risk losing money by trading with high leverage up to 1:100, which reputable regulators limit to 1:30.

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