EFA: investor reviews. Can you really withdraw profit or not?
Scammers, eager to deceive the unsuspecting, often cover their insidious activities with gloss and promises of easy earnings. It is such organizations that seek to attract as many victims as possible, ready to promise what they will never fulfill in reality: generous bonuses, strategies for guaranteed success, foolproof consultations, and favorable investment conditions. Only through careful analysis, checking real user reviews, and studying available information can they be exposed. One such organization is EFA. In our review, we will tell you what signs allowed us to identify it as a typical “kitchen”.
Main facts about EFA
According to information on their website, the large brokerage company EFA started its operations in 2021. According to them, a team of professional analysts and experts with experience in major hedge funds and financial corporations stands behind the platform. They claim to have over a hundred employees ready to assist users at any time. However, despite this, they withhold the names of top managers and analysts, leaving this information in the shadows.
Doubts are also raised by the statistics provided by the broker. The website mentions over 2000 clients from 40+ countries worldwide, yet it is presented only in two languages (English and Russian). Obviously, this is insufficient for international operations.
An investigation into the domain history revealed that the website efa.asia has been active since May of last year, which contradicts the claimed “legendary” start of the company. Typically, minor inaccuracies quickly escalate into more serious issues.
Relying on prompt responses from EFA is not advisable: the phone number is fake, and real user reviews confirm the futility of messages via email or Telegram.
Is EFA’s activity under control or not?
EFA is an offshore trading agent owned by the parent company EFA Group LLC, registered in Saint Vincent and the Grenadines. Although there are no scanned copies of the registration certificate on their platform, the client agreement contains the number of this document and the legal address in an offshore zone. Several points should be considered:
- The company from our review was not found in the registry of legal entities in Saint Vincent and the Grenadines.
- The company provided a fake address, commonly used by many other financial scammers.
- In this island nation, there is no regulation of brokers and investment companies, as evidenced by the corresponding warning on the local regulator’s website.
According to user reviews, insufficient attention was paid to the fact that the company operates outside the law and engages in illegitimate activities, leading to financial losses and lack of legal protection.
How does EFA offer to make money?
EFA promises high security standards, convenient trading conditions, a reliable trading terminal, and access to over 250 instruments. However, the company does not provide information on spread sizes, leverage levels, the presence of swaps, and other important details that interest modern traders. Instead, they offer the following services:
- Consulting. Each client can turn to an expert for help in forming a diverse investment portfolio.
- Stocks. The minimum deposit is $100 USD. The terms are not detailed, only mentioning no restrictions on deposit terms and quick profit withdrawal.
- Digital currencies. The threshold deposit is also $100 USD. The declared profitability reaches 45%.
- Participation in IPOs (Initial Public Offerings). The entry threshold is not specified.
- Long-term investments. Conditions are clarified individually.
According to users, the EFA platform functions only to receive funds, while withdrawing profits remains problematic.
Investor reviews and their content
According to user reports, EFA is another trap for fraud. The company exerts financial pressure to extract maximum profit from insufficiently informed clients. We recommend studying the reviews and making informed conclusions.
Want to share your opinion on EFA? Leave a review and tell the truth about your experience with this company.
The deception system used by scammers
EFA and specialists are pushing the limits to enchant as many people as possible. Users are promised expert support, but in practice, only fake recommendations are offered. Falling for such advice, investors lose all their funds. Claims against the company are useless, as EFA completely absolves itself of financial responsibility. Investor reviews indicate a complete loss of funds in just a few days. Regulatory bodies are unable to help resolve these issues, as they lack adequate legal means to act against anonymous scammers.
Summary of an independent review
We recommend refraining from registering on the EFA platform and transferring money to this dubious company. Your capital is at risk. EFA operates without the appropriate documents and raises suspicion of financial manipulations, jeopardizing investors’ budgets.
