Is Elcomercio24 Scam or Legit? The Truth HERE [Elcomercio24 Review]

ByTroy Morris

May 9, 2021
Elcomercio24 Broker Score
  • Overall Score


Elcomercio24 is a new online broker with an intuitive trading platform. It is a registered firm which is safe to use and already making a name for itself within the crypto trading circles. You can sign up with Elcomercio24 in the link below and start trading within jus a few moments or continue reading our Elcomercio24 review to learn more.

Elcomercio24 Review

Elcomercio24 logoIn the last few decades, almost every industry and business has undergone some major changes and this is because of the technological advancement that has occurred and the widespread use of the internet. The same is true for the financial markets, as the traditional way of trading has now been replaced with another option. Sure, you can still trade the usual way, but now people also have the choice of trading online. This has made it very convenient and even people who didn’t consider trading in the financial markets are now considering it. There is no shortage of opportunities in this space and a lot of profits to be made.

Moreover, even if you don’t have any prior background or experience in the financial world, you can still make an investment. It doesn’t have to be a big one; you can get started with even a small amount of money. But, the one thing that you do need is a broker that can provide you with the platform and everything else you need to start trading. This is where you will come across Elcomercio24, which was introduced in the market by 8 DOTS LTD. Having its headquarters in St. Vincent and the Grenadines, the company has established a broker for catering to different types of traders.

Nonetheless, this doesn’t mean that it is a good choice for you, as there are some shady brokers out there as well. So, how do you make your decision? This is where you ask some important questions and then make up your mind according to the answers. The same should be done in the case of Elcomercio24. What are the questions to be asked? Read on to find out:

Is Elcomercio24 secure?

Cybercrimes are on the rise and when you are trading with a broker, you are leaving yourself exposed, so security is not something to be ignored. Therefore, the first thing you need to know is whether Elcomercio24 can provide you a secure environment or not. Considering the fact that they have opted to keep segregated accounts for their clients in order to keep their funds safe and have used advanced SSL (Secure Socket Layer) encryption for keeping all information secure indicates that they are aware of the risks.

You will also discover that there is a privacy policy in effect on Elcomercio24 because they understand that people want to know how their information is collected and used. Plus, they have also followed international standards when it comes to reassuring their clients, as they comply with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) rules. Under these policies, every trader has to submit documentation for proof of ID and address, which is a way of preventing terrorist financing, money laundering, financial fraud and identity theft.

Elcomercio24 website

Does Elcomercio24 allow diversification?

Other than security, trading in the financial markets also involves the risk of losses and traders would obviously want to minimize them as much as possible. One of the best ways to accomplish this goal is through diversification and you would want to choose a broker that allows you to do so. This is where Elcomercio24 can come in handy because they have put together a multitude of trading products on their platform for their clients to invest in. You can trade in numerous markets, which allows you to spread out your capital and enjoy maximum profits while keeping your losses at a minimum.

You can start with the foreign exchange market, which involves trading currency pairs, including major and minor ones. EUR/USD, GBP/USD, EUR/GBP, USD/CHF and NZD/AUD are only some of the options. Traders can also opt for stocks of companies like Apple, Google, Microsoft, Facebook, PayPal, Netflix, eBay and more. The commodities market is another option to explore, which includes different types of commodities. There are precious metals like gold and silver, energies like natural gas and crude oil and agricultural items like wheat, sugar, rice, cotton and cocoa.

Traders also have the option of trading in lucrative markets like indices, including FTSE 100, NASDAQ, Dow Jones, CAC 40 and S&P500. Elcomercio24 also allows its clients to explore the latest financial instruments, such as cryptocurrencies. Bitcoin, Litecoin, Ethereum and Bitcoin Cash are just some of the choices you can consider.

What account options does Elcomercio24 offer?

You have to open an account with the broker in order to start trading with them, which means you have to know if they have a suitable account option for you. Elcomercio24 has added four account choices, each of which is meant for different categories of traders. There are the Silver, Gold, Diamond and VIP accounts and the minimum and maximum deposit requirement of each account also differs. The minimum deposit needed for any account is €500, which is for the Silver, while the VIP account needs €50,000.

As far as features of these accounts are concerned, Elcomercio24 has made additions as you upgrade every account. Some of the features you can get include trading signals, trading dashboard, 24/7 customer support, one-on-one basic and pro training, basic and full education center and a personal account manager. You can open an account, depending on how much experience you have and the investment you want to make.

Do you get any support at Elcomercio24?

It is important to know what kind of support is available at Elcomercio24 before you decide to use their services. You want to ensure you will have help when you require it, or else it can lead to losses or missed opportunities. You can visit the Contact Us section on the broker’s website to find out how to get in touch with their staff. They are available 24/7 via phone and email, so you can use the channel you are comfortable with. There is also a form on their website that you can fill and schedule a callback at your convenience.

The answers to these questions indicate that Elcomercio24 is a solid choice for every trader, no matter what their trading experience is and can offer them a good experience.

The information provided on this website should not be interpreted as financial or investment guidance and may not embody the perspectives of Forex Tools Trader or its contributors. Forex Tools Trader does not hold responsibility for any financial setbacks experienced due to the use of information provided on this website by its writers or patrons. It's essential to thoroughly investigate and make informed decisions before entering any financial commitments, particularly concerning third-party reviews, presales, and similar ventures. The content you are viewing may be sponsored content, read our full disclaimer to learn more.

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