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Electrade

Italy|5-10 years|
Suspicious Scope of Business|High potential risk|

https://www.electrade.it/en

Website

Rating Index

Contact

+39 02 89 353 1
info@electrade.it
https://www.electrade.it/en
Via Andrea Solari 12 20144 Milan

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Electrade · WikiFX Survey

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Electrade · Company Summary

Electrade Review Summary
Founded 2006
Registered Country/Region Italy
Regulation No Regulation
Services Energy Management (Including Power Purchase, Interconnections, Gas Storage, Market Optimization, and Energy Supply)
Industry Scale 30 TWh of Energy Managed, 430 GWh of Power Dispatched, and 261 Energy Generation Plants Managed
Customer Support Phone: + 39 0424 195 551 and +39 02 89 3531
Email: info@electrade.it
Linkedin: https://it.linkedin.com/company/electrade

What is Electrade?

Established in 2006, Electrade is a European energy company headquartered in Italy, offering a variety of energy management services, including buying and selling energy, managing connections between power grids, and optimizing energy use for clients. It claims to manage 261 power plants and reach extends across 9 European countries, with a demonstrably large volume of energy handled (30 TWh) and distributed (430 GWh of electric power). However, Electrade operates without valid regulations.

Electrades homepage

Pros & Cons

Pros Cons
  • Diverse Services
  • Lack of Regulation
  • Extensive Experience
  • Large Portfolio

Pros:

Diverse Services: Electrade offers a wide range of energy management services, including power purchase, interconnections, gas storage, market optimization, and energy supply, providing comprehensive solutions to clients.

Extensive Experience: With the founding year of 2006, Electrade has accumulated significant experience in the European energy sector, making it a reliable and knowledgeable player in the industry.

Large Portfolio: The claim to manage 261 energy generation plants and handle significant volumes of energy (30 TWh managed, 430 GWh of electric power dispatched) showcases Electrade's substantial presence and capabilities in the market.

Cons:

Lack of Regulation: Operating without regulation impacts accountability and transparency in Electrade's operations, exposing Electrade to potential legal and compliance issues.

Is Electrade Safe or Scam?

As Electrade operates without regulation, there are concerns regarding the safety and legitimacy of its operations. Without regulatory oversight, there is a lack of assurance regarding the company's adherence to industry standards and the protection of clients' interests. So trading with Electrade involves a lot of risk.

No license

Services

Electrade positions itself as a leader in energy asset management, offering a variety of services to optimize energy flow and procurement.

Power Purchase (PPA): Electrade specializes in purchasing power from renewable sources and industrial cogeneration. They offer services such as setting withdrawal prices, forecasting production, and dispatching to spot markets managed by the Gestore dei Mercati Energetici (GME), catering to both small and large plants.

Interconnections: Electrade focuses on acquiring power transmission rights and managing natural gas transport capacity, contributing to power interconnections between 31 European countries and engaging in energy and natural gas import and export business.

Gas Storage - Capacity: Leveraging its energy asset management expertise, Electrade acquires and manages natural gas storage capacities to maximize procurement and withdrawal flows.

Market Optimization: Active in major European energy markets, Electrade trades in both organized (ICE, EEX, GME) and “over-the-counter” markets, benefiting from its historical network of counterparts.

Energy Supply: Electrade sells wholesale electricity, natural gas, and Guarantees of Origin (GO) to sales companies and resellers. They also engage in the purchase and sale of environmental certificates (EUA and GO) with energy-intensive customers.

Services

Industry Scale

Electrade manages a significant energy portfolio, with 261 energy generation plants under its management. The company handles a substantial volume of energy, managing 30 TWh (terawatt-hours) of energy. Electrade operates in 9 countries and dispatches 430 GWh (gigawatt-hours) of electric power, indicating its extensive reach and impact in the European energy market.

Industry Scale

Customer Service

Electrade offers the following customer support options.

Phone: They have two phone numbers listed:

39 0424 195 551 (Headquarters and Registered Office)

39 02 89 3531 (Energy Management Site)

Email: info@electrade.it

Social Media: They have a LinkedIn profile: https://it.linkedin.com/company/electrade.

Conclusion

Electrade offers a diverse range of energy management services across Europe, backed by its extensive experience and large portfolio. However, the absence of regulation is a significant concern, raising questions about transparency and safety. It is advisable to proceed carefully and prioritize providers with clear regulations before engaging with Electrade.

Frequently Asked Questions (FAQs)

Q: Is Electrade regulated?

A: No, Electrade operates without regulation.

Q: What services does Electrade offer?

A: Electrade offers energy management services, including power purchase, interconnections, gas storage, market optimization, and energy supply.

Q: Is it safe to trade with Electrade?

A: No, trading with Electrade comes with risks due to its lack of regulation.

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.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

Electrade S.p.A.

Abbreviation

Electrade

Regulatory Status

No Regulation

Platform registered country and region

Italy

Company website
Phone of the company
  • +39 02 89 353 1

  • +39 0424 195 551

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Via Andrea Solari 12 20144 Milan

  • Via Nonis 68/A 36063 Marostica (VI)

Linkedin
WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@electrade.it

Company Summary

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