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Score

ECO

ArgentinaMore than 20 year(s)
Commission 0.3%

https://www.ecovalores.com.ar/

Website

Time Machine

Rating Index

Brokerage Appraisal

Influence

A

Influence Index NO.1

coverSpain

Surpassed 62.55% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index
https://www.ecovalores.com.ar/
25 de Mayo 195 piso 6. C.A.B.A., Argentina
https://twitter.com/ECOvaloresALYC

Securities license

No valid securities license has been found yet, please be aware of the risks!

Brokerage Information

More

Company Name

ECO VALORES S.A.

Company Abbreviation

ECO

Platform registered country and region

Argentina

Company address

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

Check whenever you want

WikiStock APP

Warning: Low score, please stay away!

Previous Detection: 2024-06-18

  • It has been verified that this broker currently has no effective regulation, please be aware of the risk!

Internet Gene

Gene Index

10
020406080100
The gene index is Poor, worse than 65% of brokerage firms.

APP Rating

0.0
01.02.03.04.05.0
The APP rating is Poor, worse than 89% of peers.

APP Downloads

  • Cycle
  • Downloads
  • 2024-05
  • 44714

Rules: The data displayed is the downloads of the APP in one year before current time.

APP Regional Popularity

  • Country/RegionDownloadsProportion
  • Ecuador

    252816.97%
  • Uruguay

    217414.58%
  • Argentina

    209714.07%
  • Chile

    13619.13%
  • Others

    3655445.25%

Rules: The data is displayed as the downloads and regional share of the APP in one year before current time.

Company Profile

ECO
 style=
WikiStock Rating
Account Minimum Not Mentioned
Fees 0.33 for Actions and CEDEARs Trading Without an Advisor
Account Fees Not Mentioned
Interests on Uninvested Cash Not Mentioned
Margin Interest Rates Not Mentioned
Mutual Funds Offered Not Mentioned
App/Platform EcoPortfolio, Desktop Matrix, eTrader, and more
Promotions Yes

What is ECO?

  ECO (Eco Valores S.A.) is a financial brokerage firm based in Argentina. It offers trading services for various financial products, including stocks, derivatives, and bonds. The company provides several trading platforms, such as EcoPortfolio, Desktop Matrix, and eTrader, to cater to different types of investors. ECO emphasizes low tariffs and offers leverage up to 10x for trading efficiency. While it provides guidance for beginner investors through qualified agents, the company is not regulated.

ECO's homepage

Pros & Cons of ECO

Pros Cons
  • Range of Platforms
  • Not Regulated
  • Leverage Offered
  • Limited Information
  • Guidance for Beginners
  • Diverse Product Offering
Pros:

  Range of Platforms: The company provides multiple trading platforms, including EcoPortfolio, Desktop Matrix, and eTrader, offering flexibility and choice to traders.

  Leverage Offered: ECO offers leverage up to 1:10, which can amplify trading positions and potentially increase profits for experienced traders.

  Guidance for Beginners: The company provides guidance from qualified agents registered by the National Securities Commission (CNV), which can be beneficial for novice investors.

  Diverse Product Offering: ECO allows trading in various products such as stocks, CEDEARs, futures, options, bonds, and surety bonds, providing investors with a wide range of investment options.

Cons:

  Not Regulated: The absence of information regarding a regulatory body overseeing ECO is a major red flag. Reputable brokers operate under the supervision of a financial authority, ensuring investor protection.

  Limited Information: Critical details like account minimums, account fees, interest rates, and mutual fund offerings are not provided. This lack of transparency makes it difficult to assess the true cost of using ECO.

Is ECO Safe?

  It's difficult to say definitively whether ECO is safe for your investments. The major red flag is the complete lack of regulation. Reputable brokers operate under the supervision of a financial authority. This regulation ensures investor protection measures are in place, like holding client funds in segregated accounts and adhering to capital adequacy requirements. Without regulatory oversight, it's impossible to assess the level of protection your investments would have.

No license

What are Securities to Trade with ECO?

  ECO offers a variety of investment options, allowing you to diversify your portfolio across different asset classes.

What are Securities to Trade with ECO?

  Stocks and Exchange Traded Funds (ETFs): You can buy and sell shares of companies listed on the Argentine stock exchange. This allows you to invest directly in Argentine businesses. Additionally, CEDEARs (Certificados de Depósito Argentinos) represent shares of foreign companies, primarily US companies, that are traded on the Argentine market. This provides exposure to international companies without needing a foreign brokerage account.

  Futures and Options: These are contracts that give you the right (but not the obligation) to buy or sell an underlying asset at a specific price by a certain date. ECO offers futures and options on various assets, including stocks, commodities, indices (such as the Rofex20), oil and gold, and currencies.

  Bonds: ECO allows you to trade in bonds denominated in different currencies. These bonds represent debt issued by governments or corporations, offering a fixed interest rate payout over time. The available bond denominations include the Mep Dollar, Cable Dollar, Argentine Pesos, and more.

ECO Fees Review

  ECO offers a comprehensive and flexible fee structure designed to accommodate different types of investors and trading activities. The fee structure is tiered, allowing for lower percentage fees as trading volume increases. Additionally, engaging in intraday trading can significantly reduce fees, making it an attractive option for active traders. Clients who choose ECO accounts without an advisor generally pay lower fees compared to those with advisors. The fees with no intraday bonus and no Millions Club Promotion are in the following chart.

Instrument Fees for Clients without an Advisor Fees for Clients with an Advisor
Actions and CEDEARs 0.33% 0.75%
Bonds, Bills, and ONs 0.49% 0.99%
Futures for RFX20 & Actions 0.10% 0.20%
Futures for Agro without delivery, WTI, GOLD, Bitcoin, Government Securities 0.20% 0.40%
Futures Agro with delivery 0.20% 0.40%
Futures on Dollar and Yuan 0.25% 0.50%
Options on Shares, CEDEARs and ByMA Government Securities 0.21% 1.04%

  Additionally, ECO charges 1% on income from public securities and 1.5% on dividends from private securities, reflecting the cost of handling these transactions. Other notable fees include a 0.25% charge every 30 days for bond placements and a $20 fee plus VAT for title transfers within the platform. For international title transfers and fund transfers, clients need to contact ECO for specific fee information. Domestic fund transfers are free, providing a cost-effective solution for local transactions.

  To get full information about the fee structure of ECO, you can visit the website: https://www.ecovalores.com.ar/tarifario_detallado.php.

ECO Fees

ECO App Review

  ECO offers a suite of platforms and tools designed to cater to the needs of both experienced traders and beginners.

  One of its flagship platforms is EcoPortfolio, which provides a comprehensive and intuitive interface for managing investment portfolios. With EcoPortfolio, users can track the performance of their investments, receive real-time market data, and access a range of analytical tools to make informed decisions.

  For active traders, ECO offers Desktop Matrix, a powerful trading platform that allows users to execute trades quickly and efficiently. Desktop Matrix provides access to advanced charting tools, market analysis, and customizable trading strategies. It also integrates seamlessly with ECO's other platforms, such as eTrader, which allows traders to connect the market to Excel and execute orders directly from their spreadsheets.

  Mobile users are not left behind, as ECO offers the Android Matrix and iPhone Matrix apps, which provide a streamlined trading experience on the go. These apps allow users to trade stocks, options, futures, and more from their mobile devices, making it easy to stay connected to the market at all times.

  In addition to its trading platforms, ECO offers a range of tools to help traders make better-informed decisions. Eco Chat provides a platform for traders to communicate with each other and share insights, while Value Analyzer offers in-depth analysis of stocks and other securities.

ECO App

Research & Education

  ECO provides a range of research and educational resources to assist traders and investors in making informed decisions.

  The company offers market analysis, research reports, and trading recommendations to help clients stay updated on market trends and opportunities. In addition to research materials, ECO offers educational resources to help traders enhance their trading skills and knowledge. These resources cover a wide range of topics, including technical analysis, fundamental analysis, risk management, and trading strategies.

  ECO also provides guidance from qualified agents registered by the National Securities Commission (CNV) for beginner investors. This personalized assistance can help new traders understand the basics of trading and navigate the complexities of the financial markets.

Research & Education

Customer Service

  ECO offers customer service through Twitter, Facebook, and WhatsApp, providing multiple channels for clients to reach out for assistance. These platforms can be convenient for quick inquiries, support requests, or general information about trading and account management. If you have any specific questions or need assistance, you can reach out to ECO through these channels.

Conclusion

  ECO offers a variety of features that appeal to both beginner and experienced investors. They have a range of platforms, including a mobile app and powerful software for active traders. Additionally, ECO boasts leverage options and a diverse product selection encompassing stocks, bonds, and derivatives.

  However, significant red flags cloud the potential benefits. The most concerning aspect is the lack of regulation. Reputable brokers operate under the supervision of a financial authority to protect investors. Without this oversight, the safety of your funds is uncertain. We advise you to consider established, well-regulated brokers with a proven track record and transparent fee structures to safeguard your money.

Frequently Asked Questions (FAQs)

  Is ECO regulated?

  No, ECO is not regulated by any financial authority.

  What trading platforms does ECO offer?

  ECO offers a range of trading platforms, including EcoPortfolio, Desktop Matrix, eTrader, and more.

  What products can I trade with ECO?

  ECO offers a variety of products for trading, including stocks, CEDEARs (Certificados de Depósito Argentinos), futures, options, bonds, and surety bonds.

  What are the fees associated with trading with ECO?

  ECO has a comprehensive fee structure that varies depending on the type of trading activity and account. Fees for actions and CEDEARs trading without an advisor are 0.33%.

Risk Warning

  The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.

Others

Registered region

Argentina

Years in Business

More than 20 year(s)

Commission Rate

0.3%

Margin Trading

YES

Client Support

Download App

ECO APP Screenshots10

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