ETO Markets Information
ETO Markets is a global brokerage company registered in the Seychelles while operates in Australia. It started business in 2013 and offers financial trading in forex, commodities, indices, stock CFDs and cryptos. The company also offers demo account for practicing and the popular MT4 and MT5 trading platform for superior trading experience. Its tiered accounts cover the needs of a wide range of customer groups with different capital and experience levels. Social trading is also available for traders to copy strategies from successful peers. Educational resources such as Trading guides, ETO Blog and Trading webinars provide customers with access for systematic learning about investment.
However, the company currently operates without regulation from any authorities, degrading its credibility and reliability.
Pros and Cons
Is ETO Markets Legit?
ETO Markets is currently offshore regulated by FSA (The Seychelles Financial Services Authority) with license no.SD062. Offshore regulation usually does not guarantee full scope of supervision and resolve of diputes.
What Can I Trade on ETO Markets?
Presently, ETO Markets mainly deals trading in five asset classes: forex, indices, commodities, share CFDs and cryptocurrencies.
- Forex: Allows investors to make profit or loss through price fluctuations of different currency pairs. There are 50 tradable pairs by ETO Markets so far including the most popular EURUSD, GBPJPY, GBPEUR etc.
- Commodities: ETO Markets offers commodity trading in precious metals such as gold, silver, as well as energy products like oil and gas.
- Indices: You can invest in global leading indices such as Nikkei 225, NASDAQ100 etc.
- Cryptocurrency: Current tradable pairs are BTCUSD, DOGUSD and ETHUSD.
- Stock CFDs: Traders can own fractional shares of global stocks such as Meta, Apple, Alibaba etc.
Brokers constantly expand or obsolete products to catch up with market changes, always check the most updated information from their website.
Account Type
ETO Markets provides traders with a demo account and four live accounts: PRO account, BASIC account, PRIME account and STD account.
With the demo account, you can get familiar to the platform first before commiting real funds.
For live accounts, minimum deposit is USD 100 and max leverage is up to 1:500 over all accounts. The differences lies in spreads and commission.
The PRO account charges a commission of $3.5 per lot traded while the rest are commission-free.
However, the PRO account has the tightest spread from 0.0 pips, suitable for frequent traders who trade with large amounts of funds.
Spread is the difference between ask price and bid price, the tighter the spread is, the more cost-effective your trades will be. You should take every factor into consideration when choosing the best account for you.
Trading Platform
ETO Markets offers a broad range of choices to clients when coming to trading platforms. With this broker, you have the access to the advanced and well-acclaimed MT4 and MT5 platforms. MT5 is the upgraded version of MT4, both platforms are developed by the internationally renowned software company MetaQuotes and supports mainstream online trading terminals such as web pages, PCs, Mac and mobile phones. Traders can enjoy their automated trading function, real-time charting tools, indepth news and analytics, etc.
Except for the well-recognized MT4 and MT5 platforms, the broker also offers a proprietary platform called “ETO Markets CRM App” that can be downloaded from both iOS and Android devices. The broker integrates this app with MT4 and MT5 for seamleass trading experience for clients. That means you can use one universal account across three platforms with ETO Markets.
Social Trading & PAMM
ETO Markets allows for social trading, traders can involve in the community that shares trading ideas and strategies, establishing trading signals and gain awareness pf market sentiment etc. You can copy investment strategies from successful predecessors to save time by deploying your own.
While PAMM-Percentage Allocation Money Management, is also available in ETO Markets. It's a kind of master account for money managers to manage funds across multiple client accounts. You can pool your funds into a PAMM account and let the money manager help manage the investment transactions.
Deposit & Withdrawal
ETO Markets accepts several payment methods by bank transfer, cryptocurrency and online payment.
Available currencies are USD, CNY, IDR, MYR, THB, VND and minimum deposit vary according to payment methods. The company does not charge deposit fees and will process deposits in 5 minutes.
However, for withdrawals, there's no minimum threshold except for USDT withdrawal. You need to withdraw at least 100 USDT from your account without any processing fees. For other channels, withdrawal is free for amounts larger than or equivalent to USD 100. $10 will be charged if you withdraw less than USD100. Withdrawal will be processed on the same day if you submit a request before 3am GMT on weekdays, otherwise, your application will be handled the next business day.
Customer Support
If you want any help or support from ETO Markets, you can reach them through phone, email, social media, or visit them in person in their Montenegro office.
In addition to the above, you can also submit a contact ticket on their website and wait for callback from a representative.
The Bottom Line
Though the company is offshore regulated and does not provide services to clients in dozens of countries such as Afghanistan, Belarus, Central Africa Republic, etc., it's still not a bad choice for clients in general perspective. The company implements fund segregation, seperating client funds from their operation account even when there's insolvency. Moreover, traders can start small and practice first with a demo account. The rich educational resources allow them to quickly understand the investment world. But people who are risk-sensitive should reconsider.
FAQs
Is ETO Markets safe?
Though the broker is offshore regulated so far, it's still relatively safe due to its protection measure of fund segregation.
Is ETO Markets good for beginners?
Yes, the company offers demo account for practicing and learning resources for beginners.
What trading platform does ETO Markets have?
ETO Markets offers MT4/MT5 and its own ETO Markets CRM App for trading.
Are there any regional restrictions on ETO Markets services?
Yes, the broker does not provide services to residents of the Afghanistan, Belarus, Central Africa Republic, Crimea, Cuba, Democratic Republic of Congo (DRC), Ethiopia, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Somalia, Sudan, South Sudan, Syria, Russia, Ukraine, United States, Venezuela, Yemen and Zimbabwe.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
