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Score

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.
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0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

ETO Markets

Seychelles|10-15 years| Benchmark A|
Market Making(MM)|MT4 Full License|Global Business|High potential risk|Offshore Regulated|

https://www.etomarkets.net/en/

Website

Rating Index

Benchmark

Benchmark

A

Average transaction speed (ms)

649.6 Poor

MT4/5

Full License

EtoMarkets-Demo

United States
MT4
7
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:C

Slippage:AA

Cost:C

Disconnected:AAA

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

7
Server Name
EtoMarkets-Demo MT4
Server Location United States

Contact

+248 4374772
info@eto.group
https://www.etomarkets.net/en/
F20, 1st Floor, Eden Plaza, Eden Island, Seychelles

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+248 4374772

Other ways of contact

Broker Information

More

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-07-12
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD062 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

ETO Markets · WikiFX Survey
Good ETO at Wiki Finance EXPO Dubai 2022
United Arab Emirates
EXPO
ETO Markets · Benchmark
Average transaction speed(ms)
649.6 Poor
The highest transaction speed(ms)
56 Great
The highest speed of opening positions(ms)
56 Perfect
The highest speed of closing position(ms)
250
The lowest speed of opening positions(ms)
1892
The lowest speed of closing position(ms)
1939
23.02USD/Lot Poor
30.43USD/Lot Good
Long: -7.13USD/Lot    Short: 1.85USD/Lot
Long: -29.92USD/Lot    Short: 17.22USD/Lot
Average slippage
-0.3 Great
Maximum transaction slippage
27 Poor
Maximum positive slippage
-1 Good
Maximum negative slippage
27 Poor
Average disconnection frequency (times/day)
0.3 Perfect
Average reconnection time (millisecond/per request)
101.6
Ranking: 61 / 133
Test user 191
Orders 13,802
Ocuppied margin $4,067,835 USD
Data Source WikiFX Data provide
Updated: 2024-07-11 01:00:00

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Expose

    ETO Markets · Company Summary

    Aspect Information
    Company Name ETO Markets Limited
    Registered Country/Region Seychelles
    Founded 2010
    Regulation ASIC, FSA (Offshore)
    Tradable Assets Forex, Precious Metals, Energies, Indices
    Account Types PRO Account, BASIC Account, PRIME Account, STD Account
    Demo Account Available
    Minimum Deposit $100
    Maximum Leverage 1:500
    EUR/USD Spread 1.8 pips (STD account)
    Trading Platforms Meta Trader 4 (MT4), Meta Trader 5 (MT5)
    Social Trading Yes
    Payment Methods Bank Wire Transfers (USD), China Union Pay (CNY), SEA Instant Payment (IDR, MYR, THB, VND), SEA Internet Banking (IDR, MYR, VND), Cryptocurrency (USDT)
    Educational Tools Trading Guides, ETO Blog, Trading Webinars
    Customer Support Phone: +248 4374772, Email: info@eto.group

    General Information

    Founded in 2010, ETO Markets is a forex and CFD forex broker based in Sydney, Australia, providing online solutions for retail and institutional investors in over 100 countries in Europe, Asia, Middle East, Africa, Oceania, etc. Please note that their services are not available in North and South America.

    Concerning regulation, ETO GROUP PTY LTD is authozed or regulated by the Australian Securities and Investment Commission (ASIC); ABN 66 155 680 890, AFS Licence No. 420224, and ETO Markets Limited is offshore regulated by the Seychelles Financial Services Authority (FSA), with regulatory license no. S062.

    Pros & Cons

    ETO Markets offers several advantages for traders, including a diverse range of market instruments such as forex, precious metals, energies, and indices, allowing for portfolio diversification and trading across different asset classes. The availability of different types of trading accounts, such as PRO, BASIC, PRIME, and STD accounts, caters to the varying needs and preferences of traders. ETO Markets also provides access to popular trading platforms like Meta Trader 4 (MT4) and Meta Trader 5 (MT5), which offer advanced charting capabilities, technical indicators, and automated trading options. Additionally, the educational resources offered by ETO, such as trading guides, a blog, and trading webinars, contribute to traders' learning and development.

    Pros Cons
    ASIC-regulated Offhore FSA regulation
    Wide range of trading assets
    Low minimum deposit requirement
    Competitive spreads
    High leverage
    Demo accouts available
    Educational resources provided

    However, it's important to consider the potential drawbacks. ETO Markets is regulated by different regulatory agencies in different jurisdictions, with ETO Markets Limited regulated by the Seychelles Financial Services Authority (FSA) as an “Offshore Regulatory” entity. Being regulated offshore may raise concerns for some traders about the level of investor protection and oversight. Moreover, the website and platform information provided for ETO GROUP PTY LTD, which is regulated by the Australia Securities & Investment Commission (ASIC), is not available, potentially limiting transparency and accessibility for traders. It's crucial for traders to conduct thorough research, assess their risk tolerance, and make informed decisions when considering trading with ETO Markets.

    Is ETO Markets Legit?

    ETO (ETO GROUP PTY LTD and ETO Markets Limited) is regulated by different regulatory agencies in different jurisdictions.

    ETO GROUP PTY LTD, based in Australia, is regulated by the Australia Securities & Investment Commission (ASIC). It holds a Market Making (MM) license, with license number 420224. The effective date of the license is February 1, 2013. The address of the licensed institution is 02 Tower B Citadel Towers' Suite 12 Level 12, 799 Pacific Highway, CHATSWOOD NSW 2067, Australia. The phone number is 0407 204 611. However, no website is provided for ETO GROUP PTY LTD.

    Regulated by ASIC

    On the other hand, ETO Markets Limited is regulated by the Seychelles Financial Services Authority (FSA). It holds a Retail Forex License with license number S062. The regulatory status is described as “Offshore Regulatory.” The address of the licensed institution is Office No. 20, First Floor, Abis 1, Abis Centre, Providence Industrial Estate, Mahé, Seychelles. The phone number is +248 4374772. The email address is info@eto.group, and the website is https://www.eto.group.

    Offshore regulated by FSA

    It's important to note that being regulated by a regulatory agency does not guarantee the safety or legitimacy of an investment. Investors should exercise caution and conduct thorough research before engaging in any financial transactions or investments.

    Market Instruments

    ETO offers a diverse range of market instruments for trading on their online platform. These instruments cover various financial markets and asset classes, including:

    1. Forex: ETO provides access to the foreign exchange market, which is known as the world's most liquid market. Traders can engage in forex trading with leverage of up to 1:500. ETO offers a wide range of currency pairs, including majors, minors, and exotics, with lower commissions.

    2. Precious Metals: ETO allows trading in major commodity markets by offering precious metals such as Gold and Silver. These metals are considered valuable assets due to their high economic value and durability. Traders can take advantage of price movements in precious metals markets through ETO's platform.

    3. Energies: ETO provides access to energy products such as WTI (West Texas Intermediate) crude oil, Brent crude oil, and Natural Gas through CFDs (Contract for Difference). Traders can benefit from low spreads, and 24-hour market executions in the energy market.

    4. Indices: ETO enables trading on significant stock market indices worldwide. Traders can utilize leverage of up to 1:500 without any commission charges. This allows them to participate in the price movements of major stock market indices and potentially capitalize on market opportunities.

    market-Instruments

    Account Types

    PRO ACCOUNT

    The PRO account offers spreads starting from 0.0 pips. The minimum deposit required is USD 100, allowing accessibility for traders with varying budget sizes. The minimum trade size is 0.01 lot. With a maximum leverage of 1:500, traders can amplify their trading potential. The PRO account does not have a stop out level.

    BASIC ACCOUNT

    The BASIC account offers spreads starting from 1.0 pips, providing reasonable pricing for trading. The minimum deposit required is USD 100, making it accessible to a wide range of traders. The minimum trade size is 0.01 lot. The maximum leverage offered is 1:500, enabling traders to maximize their trading opportunities. Similar to the PRO account, the BASIC account does not have a stop out level.

    PRIME ACCOUNT

    The PRIME account caters to traders who prioritize a balance between cost and trading conditions. It offers spreads starting from 1.7 pips, providing a reasonable pricing structure for trading. The minimum deposit required is USD 100, making it accessible to traders with different levels of capital. The minimum trade size is 0.01 lot. The maximum leverage offered is 1:500, providing traders with the potential to magnify their trading positions. As with the other account types, the PRIME account does not have a stop out level.

    STD ACCOUNT

    Lastly, the STD account is specifically tailored for traders interested in trading XAU/USD (Gold). It offers spreads starting from 1.7 pips for general trading pairs and 2.9 pips for XAU/USD. The minimum deposit required is USD 100, making it accessible to traders with varying budget sizes. The minimum trade size is 0.01 lot. The maximum leverage offered is 1:500, allowing traders to amplify their trading potential. Similar to the other account types, the STD account does not have a stop out level.

    account-types

    How to Open an Account?

    To open a DEMO ACCOUNT with ETO Markets, you can follow these steps:

    1. Visit the ETO Markets website.

    2. Look for the option to “Try demo account” and click on it.

    open-account

    3. You will be directed to a short application form.

    4. Fill in the required information in the application form.

    5. Complete the application process as instructed on the website.

    open-account

    To open a LIVE ACCOUNT with ETO Markets, you can follow these steps:

    1. Visit the ETO Markets website.

    2. Look for the option to “Open live account” and click on it.

    open-account

    3. You will be taken to an application form.

    4. Fill in all the necessary information in the application form.

    5. Complete the application process according to the instructions provided on the website.

    open-account

    Leverage

    The maximum trading leverage offered by ETO Markets is up to 1:500. Investors should note that high leverage can increase the potential return but also increase the risk at the same time.

    Spreads & Commissions

    On a Standard account, spreads begin at 1.6 pips, which is a bit more than typical. The EUR/USD, GBP/USD, AUD/USD, and USD/JPY all have a spread of 1.8 pips, while the USD/CAD and USD/CHF have a spread of 2.2 pips.

    On the Professional account, spreads are significantly reduced, with some as low as 0 pips, especially for currency pairs with a high trading volume. Thus, the EUR/USD, GBP/USD, and USD/JPY all have a spread of 0 pips, while the AUD/USD spread is 0.3 pips, the USD/CHF spread is 0.2 pips, and the USD/CAD spread is 0.4 pips. Consider, however, that there is a $7 commission every round deal, which is the reason for the low spreads.

    Trading Platforms & Tools

    ETO offers various trading platforms to cater to the diverse needs of traders. Here's a brief description of each trading platform:

    1. Meta Trader 4 (MT4): MT4 is a widely recognized and popular trading platform that supports online trading through web pages, PCs, and mobile phones. It offers a comprehensive range of features and tools, making it suitable for both novice and experienced traders. MT4 provides a user-friendly interface, advanced charting capabilities, a wide range of technical indicators, and automated trading options.

    trading-platform

    2. Meta Trader 5 (MT5): MT5 is an advanced trading platform that provides market direction and data analysis to assist investors in making informed trading decisions. It offers enhanced features compared to MT4, including additional charting tools, more timeframes, and improved analytical capabilities. MT5 allows traders to access a variety of financial markets and trade anytime, anywhere, ensuring they don't miss any trading opportunities.

    trading-platform

    3. PAMM: PAMM (Percentage Allocation Management Module) is a solution designed for money managers. It enables them to manage funds across multiple client accounts using a single master account and interface. PAMM allows money managers to allocate and distribute investments, track performance, and execute trades on behalf of their clients.

    trading-platform

    4. Social Trading: ETO offers social trading, which is a form of investing that allows traders to copy investment strategies from others. It is suitable for individuals who don't have the time or expertise to analyze the markets extensively or identify trading opportunities. With social trading, traders can follow and replicate the trades and strategies of successful traders, leveraging their knowledge and experience.

    trading-platform

    These trading platforms provided by ETO offer different features, functionalities, and advantages to suit the preferences and requirements of various traders. It's recommended to explore the specific details and capabilities of each platform on the official ETO website to choose the one that best aligns with individual trading goals and strategies.

    Deposit & Withdrawal

    To deposit funds into your ETO Markets account, you need to log in to the ETO Markets Portal and select 'My Account' or click the 'Deposit Now' button on the top-right corner of the page. From there, you can choose your preferred payment method by clicking on the corresponding icon. The available payment methods include Bank Wire Transfers (USD), China Union Pay (CNY), SEA Instant Payment (IDR, MYR, THB, VND), SEA Internet Banking (IDR, MYR, VND), and Cryptocurrency (USDT). Once you have selected the payment method, choose the account you want to deposit to and enter the deposit amount in USD. Click 'Submit' and follow the instructions to complete the deposit request. The deposit will be reflected in your account within 5 minutes.

    deposit-withdrawal

    For withdrawals, you need to log in to the ETO Markets Portal, select 'My Account,' and click on 'My Withdrawal.' Submit your withdrawal request through the provided form. If you are withdrawing cryptocurrency, your request will be processed after confirming the instructions in the confirmation email sent by ETO Markets.

    The processing time for withdrawals is as follows: Applications submitted before 3 am GMT on weekdays will be processed on the same day, while applications submitted after 3 am GMT will be processed on the next business day. Withdrawal applications submitted on weekends will be processed on the following business day.

    The withdrawal limits vary depending on the payment method. For UnionPay, there is no minimum withdrawal amount per transaction. For USDT Transfer (TRC20) and USDT Transfer (ERC20), the minimum withdrawal amount is 100 USDT. For SEA Instant Payment and SEA Internet Banking, there is no minimum withdrawal amount per transaction.

    Processing fees may apply for withdrawal requests below $100. The exact processing fees for deposits and withdrawals can be found in the 'What are the processing fees for deposit and withdrawal' section on the ETO Markets Portal.

    Pros Cons
    Multiple payment methods available Processing fees may apply for withdrawal requests below $100
    Quick deposit processing with funds reflected in the account within 5 minutes Withdrawal processing time depends on the submission time and may take up to the next business day
    Clear instructions provided for deposit and withdrawal procedures Withdrawal limits vary depending on the payment method
    User-friendly online portal for account management Limited information about withdrawal processing fees

    Customer Support

    The ETO Markets customer service team is available Monday through Friday from 9am to 5pm (Sydney time) via phone, live chat, and email. The team is comprised of individuals with a strong financial background, so they can assist you with a variety of concerns. An is undoubtedly one of the reasons why this e-commerce website has an excellent reputation for customer service. There are few FAQs and tutorials available on the trade website, and they will not be of much assistance.

    Educational Resources

    ETO provides a range of educational resources to support traders in their learning and development. Here's a brief description of each educational resource:

    1. TRADING GUIDES: ETO Markets offers educational videos called Trading Guides. These videos focus on providing instruction and guidance on how to navigate and utilize the Meta Trader 4 (MT4) trading platform. They are particularly beneficial for new traders who are learning to use MT4 and want to understand its features and capabilities. Even experienced traders can benefit from these guides to learn new strategies or enhance their skills.

     educational-resources

    2. ETO BLOG: ETO Markets maintains a blog that offers weekly reports and interviews. The blog serves as a valuable resource for traders seeking market intelligence and real-time market positioning ideas. Through the blog, traders can access in-depth analysis, stay updated with market trends, and gain insights from industry experts. It provides a platform for traders to deepen their understanding of the financial markets.

    educational-resources

    3. TRADING WEBINARS: ETO Markets conducts trading webinars led by experienced traders or financial professionals. These webinars cover various topics such as technical analysis, risk management, and trading strategies. Webinars provide valuable insights and practical knowledge to enhance trading skills and decision-making abilities.

    educational-resources

    Customer Support

    ETO Markets provides customer support services to assist traders with their inquiries and concerns. The customer service team is available Monday through Friday from 9am to 5pm (Sydney time) and can be contacted via phone, live chat, and email. The team consists of individuals with a strong financial background, ensuring they can provide knowledgeable assistance across a range of trading-related matters. ETO Markets has gained a reputation for excellent customer service, which contributes to its positive standing in the industry. While the trade website offers limited FAQs and tutorials, direct contact with the customer support team is the recommended approach for personalized assistance. The contact details for customer support include the email address info@eto.group, the phone number +248 4374772, and the physical address F20, 1st Floor, Eden Plaza, Eden Island, Seychelles. Additionally, customers can follow ETO Markets on various social media to stay updated with the latest information and developments.

    Conclusion

    ETO Markets is a regulated brokerage offering a range of advantages and disadvantages.

    On the positive side, ETO Markets is regulated by the Australia Securities & Investment Commission (ASIC), providing a level of oversight and accountability. They offer a diverse range of market instruments, including forex, precious metals, energies, and indices, allowing traders to diversify their portfolios. ETO Markets provides different account types to cater to the needs of various traders, with leverage options of up to 1:500. They offer popular trading platforms like MetaTrader 4 and 5, as well as PAMM and social trading options. ETO Markets also provides educational resources such as trading guides, a blog, and webinars to support traders' learning and development.

    On the negative side, being regulated offshore by the FSA may be seen as a disadvantage compared to stricter regulatory jurisdictions. The website lacks detailed information and transparency on some aspects, and customer support is limited to specific hours. It's important for traders to conduct their own research, consider their risk tolerance, and understand the advantages and disadvantages before engaging with ETO Markets or any brokerage.

    FAQs

    Question: Is ETO Markets a regulated broker?

    Answer: Yes. It is regulated by the Australia Securities & Investment Commission (ASIC) and holds a Market Making (MM) license. Additionally, ETO Markets Limited is offshore regulated by the Seychelles Financial Services Authority (FSA) and holds a Retail Forex License.

    Question: What trading platforms does ETO Markets offer?

    Answer: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

    Question: Can I open a demo account with ETO Markets?

    Answer: Yes.

    Question: What is the maximum leverage offered by ETO Markets?

    Answer: 1:500.

    Question: What are the trading instruments available at ETO Markets?

    Answer: Forex currency pairs, precious metals such as gold and silver, energies like crude oil and natural gas, and stock market indices.

    Question: Does ETO Markets provide educational resources for traders?

    Answer: Yes. These resources include trading guides, a blog with market reports and interviews, and trading webinars conducted by experienced traders.

    News

    ETO Markets: Scam or Safe?

    NewsETO Markets: Scam or Safe?

    2024-01-09 19:34

    Founded in 2010, ETO Markets is a forex and CFD forex broker based in Sydney, Australia, providing online solutions for retail and institutional investors in over 100 countries in Europe, Asia, the Middle East, Africa, Oceania, etc.

    WikiFX
    2024-01-09 19:34
    News
    ETO Markets: Scam or Safe?

    User Reviews

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    Write a review

    Kikoyo
    more than one year
    I was intrigued by ETO Markets due to its variety of trading options and easy-to-use platforms. Starting with just $100 and the assurance of ASIC regulation felt reassuring.
    2024-06-04 14:20
    Reply
    0
    0
    FX1478979502
    more than one year
    ETO Markets is a solid choice for trading, especially with its strong regulations by the FSA and ASIC. It’s straightforward about the risks of trading CFDs and FX, which I appreciate. Just a heads up, they don’t serve traders from several countries including the US and Russia.
    2024-05-31 15:58
    Reply
    0
    0
    Huikn
    more than one year
    They offer cTrader and a great selection of Forex trading pairs. It is one of my favorite brokers to date. The only issue I have is with their German entity. According to local laws they debit 26% of profits in withholding tax after each winning transaction but do NOT refund that amount when you have losing transactions. That results in way too much money being deducted at the end of each month. The only way to get those funds back is by filing a tax return.
    2024-04-19 13:34
    Reply
    0
    0
    dsuihdi
    more than one year
    The spreads on AUDCAD/AUDNZD/NZDCAD are too high, even for the Advantage account. I can see that the spread on these 3 pairs is much higher on real Advantage accounts than the Advantage Plus, I don't know why, the NZDCAD has about 30 more. The spread that charges some small fees on the Advantage account cannot be greater than the Advantage Plus account with zero fees. The reply from the support staff was: please note that the spreads we offer are floating, depending on the account type and tool.
    2024-03-20 18:23
    Reply
    0
    0
    Yogesh9711
    more than one year
    I have been trading on this platform since 3 months and it gives me satisfaction in return and I want to continue trade with this platform.
    2023-06-28 21:00
    Reply
    0
    1
    Hugo Victor Garcia Andrade
    more than one year
    I hope so too, so let's see what happens, greetings from Mexico
    2022-12-10 05:11
    Reply
    0
    1
    A039900
    more than one year
    I have been trading with this company for 5 months now and I am satisfied so far and will continue to trade at least. I can trade the financial instruments I like! I like its leverage, up to 1:400, which allows me to trade more positions. Also, the various educational resources they provided helped me a lot as well.
    2022-12-02 17:45
    Reply
    0
    1
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