Complexity: The firm's services, particularly discretionary managed and advisory services, can be complex for beginners or those unfamiliar with investment management.
Limited Transparency on Trading Conditions: EFG Cyprus does not provide detailed transparency on trading conditions such as fees, execution speeds, and other trading terms, which can be a disadvantage for clients who prioritize clarity and detailed information in their investment decisions.
Is It Safe?
Regulation:
EFG operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CYSEC) with license no. 393/20, showcasing its dedication to maintaining the utmost standards in financial operations. This regulatory adherence underscores EFG's commitment to integrity and credibility in its services.
Safety Measures:
So far we have not found any security measures the company take on its website. You should seek direct clarification from them if you intend to go with actual trading.
Products & Services
EFG provides a comprehensive suite of investment services which include Discretionary Managed Investment Services, where tailored strategies align with client investment goals across equity, fixed income, and multi-asset portfolios.
Advisory Investment Services complement clients' decision-making processes, offering expert guidance, while Brokerage Services enable clients to manage investments independently.
EFG Cyprus emphasizes a disciplined investment approach, leveraging global expertise from its parent company, EFG Private Bank (UK) Limited, to deliver personalized financial solutions designed to optimize returns and manage risks effectively, which are suitable for both individual and institutional investors seeking professional investment management in the Cyprus market.
Customer Service
EFG locates at 23 John Kennedy Avenue, Globe House, 6th Floor, 1075 Nicosia, Cyprus, offers a comprehensive range of customer service channels to ensure effective communication and support for its clients.
Clients can contact EFG Cyprus directly via telephone at +357 22 025900 for immediate assistance and inquiries.
For less urgent matters or detailed queries, clients can reach out via email at enquiries@efgcy.com.
These communication channels provide direct access to knowledgeable representatives who can address questions and concerns regarding the firm's portfolio management, investment advice, and brokerage services.
Frequently Asked Questions (FAQs)
Is EFG regulated by any financial authority?
Yes, EFG is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license no. 393/20.
What types of products and services does EFG provide?
EFG offers Discretionary Managed Investment Services, Advisory Investment Services, and Brokerage Services to clients across Cyprus.
Is EFG suitable for beginners?
Though CYSEC regulated, EFG Cyprus Limited may not be suitable for beginners in investing due to its focus on sophisticated discretionary managed, advisory, and brokerage services tailored for clients with established investment knowledge and goals.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.