The online CFD broker Efon Markets offers access to multiple asset classes through MetaTrader 5, highlighting features such as chart-based trading and automated tools. The company is registered with an address at 12, rue Erasme, L-1468 Luxembourg-Kirchberg, and provides contact options via email and phone (+44 7575 794984).
The EfonGlobalMarkets broker operates under the following domains:
efonglobalmarkets.com,
crm.efonglobalmarkets.com.
No verified regulatory licenses are reported, and ownership information remains undisclosed.
Creating a Trading Account
To open an Efon Markets personal account, clients submit their basic information via the contact form or CRM portal.
Minimum deposits differ depending on account tier.
Identity Verification Process
Required documents for KYC are not detailed, and timelines for verification remain unspecified.
Users should anticipate manual review via email or CRM submission.
More information regarding the verification process may be obtained by phone +44 7575 794984.
Account Protection Measures
MT5 provides standard encryption and login credentials protection.
Two-factor authentication is not explicitly referenced. Additional safety protocols are unclear.
Available Markets
Forex currency pairs,
Stocks,
Commodities,
Indices,
Cryptocurrencies (via CFD).
EfonGlobalMarkets Trading Software
Main platform: MetaTrader 5,
MT5 is presumed to include web, desktop, and mobile versions, though the site efonglobalmarkets.com does not specify separately.
Functional Tools
Standard charting, technical indicators, and trading tools available on MT5.
Claimed features include Negative Balance Protection, but practical implementation details are absent.
Platform Performance
The Efon Markets broker does not provide any verified data on order execution speed, server response, or connection stability.
Marketing statements are not confirmed by independent benchmarks.
Account Types
Standard —minimum deposit $100,
Premium —$1,000,
Pro — $5,000,
PAMM — $20,000.
Leverage and Margins
The EfonGlobalMarkets broker advertises leverage up to 1:500, which exceeds ESMA and FCA limits for retail traders.
Independent sources suggest typical leverage around 1:100.
Efon Markets Fees and Charges
No comprehensive disclosure of spreads, swaps, or transaction fees,
Lack of transparency is a notable concern.
Trader Suitability
Broad asset selection, but absence of regulatory oversight reduces trustworthiness,
Account structures appear more marketing-driven than safety-focused.
Supported Payment Methods
Reports indicate potential support for bank cards, bank transfers, and crypto (BTC/USDT),
Minimum transaction amounts approximately $100, though not formally documented.
Deposit and Withdrawal Process
Deposits with the EfonGlobalMarkets broker start from $100, with no fees reported.,
Processing times: 1 hour up to 5 days,
Withdrawals: claimed within 24 hours, but user validation is absent.
Withdrawal Reliability
Limited independent feedback makes withdrawing money from Efon Markets uncertain,
Low platform visibility and traffic contribute to risk.
Client Fund Safety
Website efonglobalmarkets.com mentions Negative Balance Protection, but no verifiable segregated accounts or insurance mechanisms.
Ownership and Registration
Address listed: 12, rue Erasme, L-1468 Luxembourg-Kirchberg,
Official ownership and company registration details are not disclosed,
No record found in CSSF or other European regulatory registries.
Domain and Server Details
DomainTools: created 2025-08-10, udated 2026-03-27; server: California, United States — Cloudflare Inc.
Reputation Metrics
ScamAdviser: Efon Markets Trust Score 75/100 — Likely Safe; negative indicators — low visitor traffic, recently registered site, limited content analysis.
Regulatory Status
Independent checks confirm the broker EfonGlobalMarkets is not listed in major regulatory registries.
High leverage offerings violate retail trading limits in EU/UK.
Overall Customer Satisfaction
Independent rating around 1.6/5,
Real verified feedback is scarce.
Recurring Issues
The EfonGlobalMarkets broker lacks transparency in account terms,
Absence of regulatory oversight,
Marketing-driven high leverage and bonus programs,
Low brand recognition.
Positive Observations
Simple website navigation,
Basic trading instruments available,
Access to multiple asset classes.
Analysis of Feedback Trends
Efon Markets reviews indicate very limited visibility on forums and review platforms.
Discrepancies between advertised features and verified data.
Overall risk level is high for traders.
Summary of Reliability
The EfonGlobalMarkets broker is a high risk, unregulated entity.
Marketing claims unsupported by evidence.
Minimal verified Efon Markets reviews, high potential for unreliable operations.
Recommendations for Traders
Avoid opening large or live accounts.
If testing, start with minimal deposits only.
Verify regulatory information via official registries.
Avoid high-leverage offers or bonuses that conflict with ESMA/FCA rules.
Next Steps if Funds Are Deposited
Document all correspondence and transactions.
Verify registration and regulatory compliance.
Consider chargeback via bank or payment system.
Seek legal advice for potential fund recovery from the EfonGlobalMarkets broker.
The overwhelming majority of brokers are scammers. Traders can identify illegitimate ones by using free online resources. It is essential to verify the company's registration, the licensing of its services, and its operational history. It is also important to assess the completeness and authenticity of contact information and the transparency of trading conditions.
You can consult specialists who can help evaluate the broker and identify signs of fraud, and if necessary, assist in opening an account with a reliable service provider. A knowledgeable and comprehensive approach will help avoid negative trading experiences.
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If you need assistance in withdrawing capital, it is advisable to consult specialists. Timely consultation with experts can help achieve positive results and withdraw funds from the brokerage account.
In the case of scam brokers, account blocking may be related to a simple refusal to withdraw funds. Clients are accused of violating agreements, money laundering, technical work on the platform, etc. Such manipulations are aimed at depriving traders of the ability to withdraw capital.
When a brokerage account or personal account is blocked, it is better to use the services of professionals . Depending on the reason for the blockage, experts can find the optimal solution to the problem.
The reasons for the inactivity of a brokerage company's presentation portal can vary widely. Blocking due to numerous complaints, cessation of project activities, inclusion in the blacklist of trading platforms — all of this can lead to access issues to the broker's site. Additionally, unstable internet connection and browser restrictions can cause improper functioning of the resource.
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First and foremost, it is important to ensure that there are no assets in the account and no debts to the broker. If there are instruments in the investment portfolio, they should be sold, and you should wait for the settlements to be completed. After that, you can submit a request for the withdrawal of funds and the closure of the brokerage account.
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