✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

We will tell you if we consider Economy to be a safe or unreliable company in this section. Be sure to check out our full analysis for a complete understanding!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about Economy and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websiteeconomy.lu
🏠 Company*Mentions being part of – Does not mention which company it belongs to
RegulatoryMentions being regulated in – Does not mention being regulated
📧 Email[email protected], [email protected] y [email protected]
📈 PlataformOwn platform
📌 AddressIt mentions being located at Riia 142, 50415 Tartu, Estonia, 1 Hardman St, Manchester M3 3EB and 91 Battersea Park Rd, London SW8 4UD
🕑 Website ageWebsite registered at: not mentioned
Company typeForex, stocks, indexes, raw materials and cryptocurrencies broker

Company: ⚠️ Economy does not mention its relationship with any company. This lack of transparency is a cause for concern.

Location: ⚠️ The company mentions being located in Estonia and the United Kingdom, but we believe this is false information.

We can already tell you that we are concerned about several characteristics of this company.

What is Economy?

After having carried out an analysis of the company's website, we can say that Economy is a: forex, stocks, indexes, raw materials and cryptocurrencies broker .

Account types

The company does not provide information about having different types of accounts.

types of accountsMINIMUM INITIAL DEPOSIT
Basic€250 
Gold€ 5 000
Exclusive€ 50 000
Silver€ 1 000
Platinum€ 20 000

Information on the web

economy website

Here we show you a screenshot of the Economy website, which is economy.lu. The capture was made in June 2024.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following telephone number: + 44 1315690005, (372) 6600433 and (44) 2045243912

– We have found the following email: [email protected], [email protected] y
[email protected]

Economy Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The situation presented by the broker is a cause for great concern; He mentions absolutely nothing about its regulation. What does it lead us to think? We are facing an unregulated broker. What does this imply? It implies that the broker's clients and their funds are completely unprotected. That is to say, if the broker has bad intentions, you probably won't be able to do anything to get your money back. Please be very careful with these types of companies. Think carefully before sending money, you are trusting a company without any regulation or protection!

🚫 Final Economy Rating 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of Economy and we have reached the following conclusions about this company:

Location: It mentions being located in a place considered safe such as Estonia and the United Kingdom, but we believe that this is false information with which they try to deceive customers.

Regulatory: The absence of information about its regulation indicates that we are dealing with an unregulated company, which denotes an evident lack of transparency and professionalism.

Please remember that the company has been reported by different financial regulators (in this case the FCA, the UK regulator). Use EXTREME CAUTION.

This company does not mention which company it is part of, please be careful, there is a clear lack of seriousness and transparency.

This company offers to provide a bonus of up to 50%. It seems to be very suspicious.

Economy is a broker for forex, stocks, indices, raw materials and cryptocurrencies. Although the company claims to be located in places considered safe such as Estonia and the United Kingdom, there is a suspicion that this information is false and intended to deceive customers.

Regarding regulation, the lack of information on its regulatory status suggests that Economy operates without oversight, reflecting a lack of transparency and professionalism. It is important to note that the company has been reported by different financial regulators, such as the UK FCA, indicating significant risks when considering any relationship with Economy. Therefore, it is recommended to exercise extreme caution when interacting with this company. Furthermore, the lack of clarity about the company's affiliation and the offer of a bonus of up to 50% raise serious questions about its integrity and transparency.

🚨🚨 Summary: As mentioned, our assessment is that this company is not very serious or safe. Cautious measures are recommended due to the various worrying signs detected. 🚨🚨

Updates

Economy news:

Date Update – news
June 2024Complaint against Economy of financial regulator FCA CLONE OF AN AUTHORIZED SIGNATURE

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”8921 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Economy.

At the end of the review you will find customer comments.


How to Claim Money Scammed by Economy

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report Economy

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to Economy?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report Economy?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is Economy reliable?

No. Economy is not trustworthy, it is a very unsafe company: The company Economy claims to be located in Estonia and the United Kingdom, although there is skepticism about the veracity of this claim. Furthermore, the lack of details on its regulation suggests that it could operate without oversight, indicating a lack of transparency and professionalism. There have been complaints from financial regulators such as the UK's FCA, underscoring the need for extreme caution when dealing with this company. Furthermore, the lack of clarity about his corporate affiliation and the offer of a 50% bonus raise serious questions about his integrity.

How to recover money from Economy?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «Economy: opinion and comments – Is it a scam?»

  1. Lorenzo Reply

    This company is a hoax. I assure you, I'm still trying to withdraw and I can't, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hello Lorenzo, thanks for writing about Economy. Currently, this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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