EFA Group: company reviews in 2022
Reviews of EFA Group’s Work in 2022
EFA Group provides clients with the opportunity for safe earnings in financial markets, promising comfortable conditions. The company offers trader education, with a section on the website containing relevant information and access to analyst consultations.
The initial impression of EFA Group’s services is favorable, but reviews from former clients indicate deception. An independent review will help understand what this company truly represents.
What is Known About EFA Group?
The company aims to gain traders’ trust, actively promoting its successes and adapting services to investors’ needs. According to statements, EFA Group has been operating since 2021, serving over 2,000 clients from 47+ countries. However, Whois data shows that the website was launched in May 2022.
It turns out the project has an additional website, and reviews of working with the intermediary are not always positive. Although the client list is not publicly available, many reviews do not paint a good picture.
Legal Documents
The User Agreement notes that EFA Group is registered in an offshore zone. The company is registered in Saint Vincent and the Grenadines, but this may be part of the company’s marketing strategy.
The local regulator has already warned that it is not involved in broker licensing. Traders should take this into account and pay attention to the requirements of their own jurisdiction.
Trading Conditions
EFA Group offers clients a wide range of services, including the ability to invest in IPOs, analytical support, trading various instruments, and protection against negative balances.
The entry threshold for some services is $100. However, it is worth noting that the company may seek to attract more funds and not always adhere to payment discipline.
Company Reviews
Reviews of EFA Group are mixed, but most indicate issues with deception, financial fraud, and non-payment of funds.
Scam Scheme
EFA Group may take advantage of newcomers’ lack of knowledge about financial markets to attract large sums. There may be cases of simulating technical failures and loss of funds from investors’ accounts.
Conclusions
Research shows that EFA Group poses a potential risk to investors and may use questionable methods. It is recommended to exercise caution and carefully study the terms of cooperation to avoid falling victim to financial fraud.