ECO

ECO
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.

Pros & Cons of ECO

　　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.

　　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.

What are Securities to Trade with ECO？

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

　　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.

　　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 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.

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.

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.