Economy.lu is a financial derivatives trading platform that claims to offer various trading services such as Forex, stocks, indices, commodities, and cryptocurrencies. However, the platform has not obtained authorization or licensing from any financial regulatory authority, and its domain registration information is untraceable. According to research, the website first appeared on the internet on March 4, 2023. The following content will provide detailed information about Economy.lu's account types, trading products, customer support, and other related information.
Corporate Background and Regulatory Information of Economy.lu:
Economy.lu advertises that it provides investment and trading services for financial derivatives such as foreign exchange, stocks, indices, commodities and cryptocurrencies. However, the platform has not been authorized or licensed by any financial regulatory authority, and its domain name registration information cannot be queried. According to the query results, the website first appeared on the Internet on March 4, 2023.
After checking the FCA official website, we found that Economy.lu is a fraudulent platform that cloned FOREIGN CURRENCY PARTNERS LTD. Please be cautious and do not deposit any funds to the platform.
Account Registration Process of Economy.lu:
- Visit the official website of Economy.lu and click the register button
- Fill out the application form
- Submit identity verification/documents for my number verification
- Deposit funds and start trading
Account Types of Economy.lu:
Basic Account
- Minimum Deposit: 250 €
- Bonus: 20%
- Commission: None
Silver Account
- Minimum Deposit: 1,000 €
- Bonus: 20%
- Commission: None
Gold Account
- Minimum Deposit: 5,000 €
- Bonus: 25%
- Commission: None
Platinum Account
- Minimum Deposit: 20,000 €
- Bonus: 35%
- Commission: None
Exclusive Account
- Minimum Deposit: 50,000 €
- Bonus: 50%
- Commission: None
Trading Software of Economy.lu:
Economy.lu has not disclosed detailed information about its trading software.
Trading Products of Economy.lu:
Forex: Economy.lu offers Forex trading with various currency pairs, allowing traders to take advantage of global foreign exchange market fluctuations. Traders can choose from major currency pairs, minor currency pairs, and exotic currency pairs for different strategies.
Stocks: The Economy.lu platform allows traders to buy and sell company stocks from major global stock markets. Investors can participate in company growth and dividends through stock trading, capturing market opportunities to achieve returns.
Indices: Economy.lu provides trading on various stock market indices, including but not limited to the S&P 500, Dow Jones, and NASDAQ indices. Index trading allows investors to speculate on the overall market or specific industry trends rather than individual stocks.
Commodities: On the Economy.lu platform, traders can engage in trading various commodities like precious metals (e.g., gold and silver), energy (e.g., oil and natural gas), and agricultural products (e.g., wheat and coffee). Commodity trading offers investors opportunities to diversify portfolios and hedge risks.
Cryptocurrencies: Economy.lu provides extensive cryptocurrency trading, enabling investors to buy and sell mainstream digital currencies like Bitcoin, Ethereum, Litecoin, and other emerging digital assets. The high volatility of the cryptocurrency market offers investors numerous trading opportunities.
What are the Spreads, Leverage, and Commissions of Economy.lu?
All account types of Economy.lu are commission-free, but details on spreads and leverage are not provided. Information on the minimum/maximum trade size, maximum position/order size, margin call/stop out levels, minimum price increment, and contract size for trading accounts is also not detailed.
Deposit and Withdrawal Methods of Economy.lu:
Economy.lu has not specified the deposit and withdrawal methods on its official website. Typically, traders might be able to use various common payment methods, including bank transfers, credit cards, and e-wallets for deposits and withdrawals.
Customer Support of Economy.lu:
- support.uk@economy.lu
- support.ee@economy.lu
- support@economy.lu
Telephone
- (372) 6600433
- (44) 2045243912
- +44 1315690005
Summary:
Although Economy.lu offers a wide range of financial derivatives trading services, the lack of regulatory authorization and transparent information necessitates caution for investors using this platform. When choosing a trading platform, it is advisable for investors to prioritize those that are regulated and transparent to ensure the safety and reliability of their investments. Economy.lu is flagged as "Suspected Fraud" on TraderKnows.
