Basic Information
Pros and Cons
Pros
- Specializes in cross-border trading
- Expertise in power derivatives
- Multiple contact channels
Cons
- No regulation
- Limited info on trading fees
- Withdrawal issues reported by users
- Concerns about capital safety
Is ETC Safe and Legit?
ETC, or Energy Trading Company, is registered in Slovakia and has been operational since 2017, providing services primarily in power derivatives and options trading. The broker offers trading on specialized instruments within the electricity market, but lacks a formal regulatory license, which raises concerns regarding safety and compliance.
ETC operates without valid regulation, which may expose clients to higher risks. Therefore, it is advisable for potential investors to approach this broker with caution, as it is not considered safe or legally compliant in most jurisdictions.
In terms of market reputation, ETC has received mixed feedback from users. While some appreciate its specialized services in cross-border trading, complaints frequently highlight issues related to withdrawal processes and transparency. Community sentiment indicates a general wariness due to the broker’s lack of regulation and an increasing number of user complaints.
Is ETC a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
ETC does not hold client funds in independently regulated bank accounts or maintain any form of asset segregation, which raises concerns about the safety of investor capital. Furthermore, the broker is not part of any investor compensation funds or insurance schemes, increasing the risk for clients significantly.
ETC Leverage
ETC does not provide specific information regarding leverage options for its trading accounts, as it operates without formal regulatory oversight. Consequently, there are no maximum leverage multiples disclosed, and clients should be aware of potential risks associated with trading without regulatory compliance.
ETC Withdrawal Review
How to Contact ETC?
ETC has garnered mixed feedback from users, with a notable portion of complaints focusing on withdrawal issues. Many users express frustration regarding the withdrawal process, which has been a recurring theme in community discussions. Complaints primarily stem from various online forums and review sites, where users share their experiences. The broker’s handling of complaints appears to be inadequate, with reports of slow response times and limited resolutions offered. There is a noticeable trend of repetitive complaints related to withdrawals, contributing to a general sense of wariness among potential investors, especially given the broker’s lack of regulation and safety measures.
Frequently Asked Questions
A1: No, ETC, or Energy Trading Company, is an unregulated broker and does not hold any formal regulatory licenses. This lack of regulation raises significant concerns about safety and compliance for potential investors.
A2: ETC does not hold client funds in independently regulated bank accounts nor maintain asset segregation, which raises serious concerns about the safety of investor capital. Additionally, the broker is not part of any investor compensation funds or insurance schemes.
A3: Many users have reported frustrations regarding the withdrawal process, with complaints focusing on slow response times and inadequate resolutions. This trend contributes to a general wariness among potential investors.
A4: ETC provides multiple contact channels, including a customer service hotline at +421 37 652 30 70 and an email address at etc@energytrading.sk. They also have an office located at Wilsonovo nábrežie 64, 949 01 NITRA, Slovak Republic.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.