eco

Overview of eco

Established in 2005, Eco, an Argentine brokerage, navigates benefits and challenges without regulatory supervision. Key advantages include access to local financial products, low intraday fees, and educational support. However, drawbacks such as no regulatory protection, unclear account details, absence of demo accounts, and extra fees, underline substantial risks. The regulatory gap notably impacts fund security and compliance standards, urging caution for potential clients.

Pros and Cons

Eco offers several advantages, such as access to local Argentine markets and a variety of trading instruments. They have competitive fees for intraday trading, and instant deposit accreditation from CBU or CVU, alongside available educational resources.

However, the cons include a lack of regulatory oversight, unclear details about account types and leverage options, absence of demo accounts for practice trading, and additional exchange fees. These factors should be carefully considered when evaluating eco's services.

Is eco legit or a scam？

Eco operates without regulatory oversight. This absence of regulation exposes traders to considerable risks, including the lack of protection for client funds and absence of compliance with industry standards. Engaging with an unregulated entity might offer certain flexibilities but lacks the safeguards that regulated brokers provide.

Market Instruments

eco offers a varied range of trading instruments that include Actions and CEDEARs, allowing clients to buy and sell stocks from Argentina or CEDEARs of internationally recognized companies. The broker also offers Futures and Options for betting on the rise or fall of various assets including stocks, soybeans, wheat, corn, and even cryptocurrencies like Bitcoin in the near future. Additionally, eco provides opportunities to operate with Bonds, ONs (Negotiable Obligations), and Repos, facilitating operations in both local and foreign currencies.

How to Open an Account with eco

To open an account with eco, the process involves completing a specific form tailored for either individual or legal entity applicants. This form can be found under the section ‘open an account- Individual/Legal Entity’ on their official website. The necessary documentation required for the account opening process is clearly listed in this section, guiding applicants on what they need to provide for successful account registration.

Trading Fees

Eco outlines a comprehensive fee schedule, covering different financial instruments and operations.

For bonds and treasury bills, the initial fees are set at 0.49% plus a minor market right fee, culminating in a total of 0.50% excluding VAT.

They offer concessions for intraday trading, lowering costs. Trading stocks, CEDEARs, and option executions are charged a 0.33% fee with a 0.08% market right, amounting to a 0.50% total fee.

Futures trading involves a commission of 0.100% and a market right of 0.020%, totaling 0.145%.

Additionally, Eco incentivizes traders with reductions for intraday activities and volume-based discounts, offering significant savings for frequent and voluminous traders.

Other Fees

Eco maintains a no-maintenance-fee policy, enhancing its attractiveness to clients. Its tariff structure is various, covering various operations such as bonds, stocks, futures, and more, with specific charges outlined for non-advised operations starting from December 2022. The fees include market rights and VAT where applicable, offering transparency in costs. For international transactions, Eco Valores provides a detailed breakdown of fees for trading in U.S. markets, including stocks, ETFs, options, and futures, with minimal charges per trade and additional exchange fees as applicable.

Trading Platform

Eco offers EcoPortfolio, a detailed desktop trading solution, alongside Matriz apps for mobile trading on Android and iPhone, facilitating on-the-go market access. The eTrader platform complements these with its streamlined interface, appealing to efficiency-focused traders. This variety ensures that clients of eco have access to a comprehensive toolkit for engaging with financial markets, regardless of their preferred device or trading style.

Trading Tools

Eco provides a comprehensive set of trading tools, including Eco Chat for immediate interaction, Value Analyzer for in-depth investment analysis, and specialized support for AlgoTraders through REST API and FIX API. These tools are designed to support informed decision-making, foster a collaborative community, and facilitate automated trading, offering a robust environment for traders to optimize their strategies and operations efficiently.

Deposit & Withdrawal

Eco streamlines the deposit process, offering instant accreditation for transfers made from clients' CBU (Banking Uniform Code) or their Virtual Wallet (CVU). This approach facilitates immediate access to trading funds, underscoring eco's dedication to efficient and accessible financial transactions.

Customer Support

Email: info@ecobolsar.com

Physical office: 25 de Mayo 195 piso 6. C.A.B.A., Argentina

Educational Resources

Eco offers a detailed weekly market report and instructional YouTube tutorials. These offerings cover a spectrum from market analysis to trading techniques, appealing to traders across different skill levels. Through these educational avenues, eco commits to empowering its clients with the knowledge needed to make informed trading decisions.

Conclusion

Founded in 2005 and based in Argentina, Eco offers a mix of benefits and drawbacks, primarily thanks to its lack of regulatory oversight. Its strengths include access to various local financial instruments, attractive intraday trading fees, and educational support. However, the cons — including a critical lack of regulatory protection, opaque account and leverage details, no demo accounts for training, and extra exchange fees — present significant risks to potential clients. The absence of regulation raises concerns about fund safety and standard compliance, making it crucial for traders to consider these aspects before engaging with eco.

FAQs

Q: Is Eco Valores SA regulated？

A: No, Eco Valores SA does not have any regulatory status mentioned.

Q: What types of market instruments can I trade with Eco？

A: Eco offers trading in stocks and CEDEARs, futures and options, bonds, ONs (Negotiable Obligations), and Repos.

Q: Can I open a demo account with Eco？

A: Eco does not provide a demo account option.

Q: What are the fees for trading with Eco？

A: Eco has a detailed fee schedule, with fees varying by instrument, including concessions for intraday trading and volume-based discounts for frequent traders.

Q: How can I deposit and withdraw funds？

A: Transfers can be made from your CBU or Virtual Wallet (CVU) with instant accreditation.

Q: What platforms does Eco offer for trading？

A: Eco offers the EcoPortfolio, Desktop Matriz, Android Matriz, iPhone Matriz, and eTrader platforms.

Q: Does Eco offer any educational resources？

A: Eco provides a weekly market report and tutorials on YouTube.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. Readers are strongly advised to verify updated details directly with the company before making any decisions, as the responsibility for utilizing the information herein rests solely with the reader.