Electrum24 Review – Is Electrum24 Scam or Legit? This Platform is LEGIT!
Electrum24 Review
It is often said that information is power and that has continued to be true even in these present times. As you look to invest in the financial market, one thing you must learn early as a trader is how crucial information is in the financial market. This is why you must have done your research to gather as much information as possible before investing in the money market.
Generally, investing in the financial market requires investors to sign-up with an exchange platform or a brokerage company because without these exchange platforms, investors won’t be able to gain access to the money market.
We are quite certain you would expect that choosing an exchange platform would be quite simple and straightforward but that is not the case here. The financial market is so saturated with various exchange platforms that it has become difficult for investors to differentiate legitimate exchange platforms from scams. However, there are certain features investors can look out for to determine if an exchange platform is decent enough or not.
One of the primary features you can look out for in an exchange platform is the overall trading condition and ease with which trades are being executed. This gives sight into the various offerings, commissions, and leverages offered by the exchange platform.
Another feature to also consider is the financial instruments and trade assets listed on the exchange platform. Investors consider this feature because most online exchange platforms fail to provide the necessary trading asset they promised to offer largely due to vast incompetence or the exchange platform being an outright scam.
Investors putting into consideration these trading features is an indication that investors primarily choose an exchange platform based on the quality provided and most importantly if whether or not the features meet their trading requirements.
Ideally, a decent exchange platform must be able to sufficiently cater to the training needs of its clients be it support, trade execution, account supervision, security and so much more. In addition to this, all these services must be structured such that it puts into consideration all kinds of traders be it an expert trader or a newbie.
Talking about decent exchange platforms in the financial market, a great example that comes to mind is the Electrum24 exchange platform. And right here is a comprehensive Electrum24 review that will give you the necessary insight into the overall working of the exchange platform. We’ll be discussing in detail Electrum24’s best attributes and features that make it an exceptional exchange platform. After then you can now make an informed decision on whether or not the exchange platform is best for you.
| Broker | Electrum24 |
| Website | http://electrum24.com |
| Trading platform | Web-based and Mobile App |
| Trading option | Cryptocurrency, Stocks, Forex, Commodities, and Indices |
| Minimum deposit | €500 |
| Security | Secure Socket Layer (SSL) encryption, Two-factor authentication (2FA), KYC (Know Your Customer) policy, and AML (Anti-Money Laundering). |
| Leverage | 1:100 to 1:500 |
Electrum24 was established in 2017 by a team of professional expert analysts who have profound knowledge and understanding of the financial market. The goal of establishing the exchange platform is to provide the best trading software and trading conditions to clients across the globe so they can adequately take advantage of the financial market.
The online exchange platform offers trading stocks, cryptocurrency, forex, and so on to investors and traders all over the world. Since its inception, Electrum24 has witnessed significant growth becoming one of the top financial institutions in Europe that specializes in CFD and Forex trading.
The exchange platform is now one of the top choices for many investors due to their exceptional support and top-quality trading services to all of their customers. One primary competitive advantage Electrum24 possesses is the timely and accurate information and the incredible trading platform it provides its clients regardless of their trading experience (amateur or expert) allowing them to trade securely and safely. Now let’s discuss in details the trading features Electrum24 offers that make it stand out
- Security Protocol
So many investors and traders are now wary of the online world. This isn’t surprising as the news of various scams, fraud, and hacks have filled the air for quite some time now. The digitalization of the financial market did open the door to cyberattacks and various hacks and that is why investors are now on guard looking to sign up with an exchange platform that can guarantee the safety of their funds and sensitive information.
This has become a big challenge for a lot of exchange platforms as they have failed to meet up with the required level of security to stave off these cyberattacks and fraudulent activities. However, this is not the case when it comes to Electrum24.
Electrum24 is an exchange platform that puts the needs of its clients first and as such has made security its primary concern. The exchange platform has put in place the latest security protocols to safeguard its clients’ sensitive information and funds.
Electrum24 installed in its security system the high-end Secure Socket Layer (SSL) encryption technology; a technology designed to starve off the third parties’ access adequately protecting the exchange’s database. With this technology, all clients’ personal information submitted on the exchange’s website is well protected from hackers.
Also, another measure put in place is the two-factor authentication (2FA). The 2FA ensures that clients give the final authority on any attempted log into their trading account. This way, a third party log in will only be possible upon authorization by the client even when the password is compromised.
The Electrum24 exchange platform also complies with the international security policies of KYC (Know Your Customer) policy and AML (Anti-Money Laundering). These policies put to check various fraudulent activities such as money laundering, terrorist funding, and identity theft.
With these policies, investors are mandated to sign up with the exchange platform using their real identity with various proofs to back it up. Clients of Electrum24 are expected to submit proof of identity, and proof of residence upon registration to the platform so they can put a face to the trading account and be able to protect the trading account adequately.
Not so many exchange platforms can boast of these adequate security measures put in place by Electrum24. this is why the exchange platform is considered one of the top exchange platforms in Europe.
- Trading Options
There are two kinds of traders in the financial markets; the kind who loves to diversify and exchange as many trading assets made available. And the other kind who focuses on specific trading assets to take advantage of the opportunities that present themselves.
Exchange platforms try as much as possible to cater to the trading needs of these two types of traders Many traders are like the first kind of trader and as such exchanges see the need to offer a wide variety of trading options. This goes the same for Electrum24.
The Electrum24 exchange platform offers more than 1000 different assets to its clients to trade for profit offering the needed flexibility for clients to take the best chances in the financial market. Let’s have a look into the asset classes offered by Electrum24
Forex
The foreign exchange market is known as the forex market. It is a decentralized market that makes available all the world’s currencies which are usually paired against each other and referred to as currency pairs.
The forex market is the most liquid and biggest in the world having an average trading volume of $5 trillion each day. The market is open 5 days a week and 24hours each day. When the market is open these currency pairs are traded against each other allowing traders to make profits.
Electrum24 makes available the major and exotic currency pairs for its clients to exchange. Some of the currency pairs include EUR/USD, GBP/USD, USD/CAD and so many more.
Stocks Indices
In layman’s terms, stocks are financial securities that depict a holding share in a particular firm. For firms, granting stocks is one of the methods used to generate money to invest and grow their company. While on the other hand, investors see stocks as a way to increase their money.
When investors buy stocks it implies that they are now a shareholder because they automatically share in the profit or loss of that company. The Electrum24 exchange platform has then listed some of the world’s leading stocks so its clients can become a shareholder of the company they look to invest into. Some of the stocks major companies like Netflix, Microsoft, Apple, and so on.
Commodities
The commodity market is primarily involved with the economic sector. It is a virtual or physical marketplace for selling, buying, and exchanging raw products. In the financial market today, there are about 50 primary commodity markets that promote the trading of roughly 100 major commodities.
Generally, commodities are grouped into two types; soft and hard commodities. Soft commodities are basically agricultural products like sugar, coffee, wheat, pork, and so on. On the other hand, hard commodities are natural resources extracted or mined from the earth such as oil, gold, metals, and so on.
Electrum24 as an innovative platform makes trading of commodities smooth and easy on its trading platform. Investors looking to invest in the commodity market can then enter the market based on arbitrage opportunities and forecasted economic trends.
Cryptocurrencies
The cryptocurrency market is the latest in the financial market and even at that, it seems to be booming at a very fast rate alluring investors to come and participate in the cryptocurrency market.
Many investors and traders are now interested in trading digital coins most especially Bitcoin because of the high returns it seems to be giving investors.
The Electrum24 exchange platform has then listed the dominant digital coins on its trading platform so its clients can also participate in the cryptocurrency market. The digital coins listed include Bitcoin, Ethereum, Litecoin, and so on.
- Account Options
The financial market is filled with numerous traders and investors having various goals and objectives. And as a result of this, traders often differ in their risk appetite, experience level, and capital investment invested in the financial markets.
Many exchange platforms recognize these differences among traders and as a result have provided various account options to cater for these differences among investors. The Electrum24 exchange platform also follows this model.
Electrum24 offers a total of four various types of trading accounts so clients can best choose one that caters to their trading needs. The trading accounts offered are the Bronze account, Silver account, Gold account, and Black account. Let’s have a look t the features and benefits of each trading account
Bronze Account
The bronze account is the first trading account offered by Electrum24. To register for this account, a minimum deposit of €500 is expected to be from investors and traders. Clients of Electrum24 who own this trading account get to enjoy benefits such as minimum lot size of 0.1, leverage of 1:200, daily updates on news feeds, a static spread, and a financial calendar.
Sliver Account
The Silver account is next to the bronze account. To sign up for this account, a minimum deposit of €5000 is expected to be from investors and traders. Clients of Electrum24 who own this trading account get to enjoy benefits such as minimum lot size of 0.5, leverage of 1:200, daily updates on news feeds, a static spread, a financial calendar, access to masters partial, and a welcome bonus of 25%.
Gold Account
To register for this account, a minimum deposit of €25,000 is expected to be from investors and traders. Clients of Electrum24 who own this trading account get to enjoy benefits such as minimum lot size of 1, leverage of 1:400, daily updates on news feeds, a static spread, a financial calendar, access to masters partial, and a welcome bonus of 50%.
Black Account
The black trading account is an exclusive account that is owned only by invitation. Clients of Electrum24 who own this trading account get to enjoy benefits such as minimum lot size of 1.5, leverage of 1:500, daily updates on news feeds, a static spread, a financial calendar, access to masters partial, personal manager, and analytical updates.
- Trading platform
Trading platforms are software built to regulate and oversee traders’ and investors’ activities in the financial market. Without a trading platform, traders can’t carry out meaningful activities and that is why a trading platform is considered the most crucial element in the financial market.
Choosing the right exchange platform that will offer you a decent trading platform now becomes necessary. An adequate trading platform is expected to be user-friendly, smooth, easy to navigated, and integrated with the basic trading tools need for market analysis.
The Electrum24 exchange platform put forward a web-based trading platform that is highly intuitive, user-friendly, and easy to navigate by both expert and newbie traders. The trading platform is designed such that end clients can obtain information easily and can customize the platform to suit their taste thereby offering a unique experience and feel.
Electrum24 still went ahead to provide a mobile version of the trading platform so its clients can easily monitor and manage their trades on the go. The mobile app version is made available on both Android OS and iOS.
- Customer Support
One of the many features investors check out for before choosing an exchange platform is customer support. Without good customer support, trading can become overwhelming and frustrating to investors most especially when unforeseen circumstances arise.
This frustration can in turn lead to taking bad trades and ultimately leading to loss of funds so it will always be a good idea to consider the support offered by an exchange platform before going ahead to choose it.
When it comes to the Electrum24 exchange platform, the customer support being offered is of top quality. The exchange’s representatives are well vast in trading experience, customer-friendly, and are always ready to attend to various requests and complaints from clients. Getting in touch with these representatives is equally simple and easy as the exchange platform has provided various support channels such as email, phone calls, and even via the popular social media app Whatsapp.
Final Thoughts
Electrum24 is recognized as a decent exchange platform by many investors in the financial market because of its consistency and reliability in the services it offers since its inception. The exchange platform even though relatively new offers great competitive advantages in terms of its trading options, customer support, security, and trading platform meeting adequately various needs of its clients.
This review has given so much clarity to the features and benefits offered by the Electrum24 exchange platform so we expect that by now you should be able to make an informed decision on whether or not you’re making this exchange platform your trading partner.
However, if you are still unsure about the exchange platform, you can always visit the website to have a look for yourself.
| Broker | Rating | Trade |
| Electrum24 | 9.5 / 10 | Trade Now |
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