Rating Index

Pros

Offers a variety of trading options including commodities, foreign exchange, precious metals, and cryptocurrencies.

Provides promotional incentives for new users, such as an additional 20% on initial deposits.

Claims to have a professional server group and 24/7 customer service support.

Cons

Identified as an unregulated broker, raising concerns about the safety of funds and lack of legal protection.

Numerous negative reviews from former traders indicate issues with fund withdrawals and overall profitability.

The broker has been flagged by financial authorities, suggesting potential scams and a lack of transparency in operations.

ETOP broker Accounts

ETOP Account Type

ETOP offers a single type of account for its clients, which is classified as a retail account. However, it is important to note that ETOP has been labeled as an unregulated broker, and the Hong Kong Securities and Futures Commission (HK SFC) issued warnings against it for providing financial services without authorization. This raises significant concerns regarding the safety and legitimacy of trading with ETOP. Therefore, potential clients should exercise caution and conduct thorough research before engaging with this broker.

ETOP Broker Account Opening Process

The process for opening an account with ETOP is not detailed in the provided information. However, generally, the steps to open a brokerage account typically include:

Visit the Broker's Website: Go to the official ETOP website.
Select Account Type: Choose the type of account you wish to open (in this case, a retail account).
Complete Application Form: Fill out the necessary personal information, including your name, address, and identification details.
Submit Required Documents: Provide any required documentation to verify your identity.
Fund Your Account: Deposit the minimum required amount to activate your account.
Start Trading: Once your account is approved and funded, you can begin trading.

Given the warnings issued by regulatory authorities, it is highly advisable to consider other regulated brokers that offer safer trading environments.