Search

For more information about Eternity Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Potentially competitive trading conditions for experienced traders.
Access to various trading products including forex, indices, and commodities.
User-friendly platform that may appeal to beginner traders.

Cons

Not regulated by any government authority, leading to concerns about safety and security of funds.
Numerous complaints from clients regarding withdrawal issues and lack of support.
Poor overall rating and reputation, indicating dissatisfaction among users.

Eternity Company

Eternity Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Eternity Company, operating under various names such as Eternity Global Limited and Eternity Futures, was established between 2021 and 2023. The firm positions itself as a forex brokerage providing trading services across multiple financial instruments, catering to both novice and experienced traders.

Parent Company/Ownership Structure

Eternity Global Limited operates independently and does not have a parent company. The ownership structure remains undisclosed, which is common among many unregulated brokers, raising questions about transparency and accountability.

Headquarters Location

Eternity Company is headquartered in Vanuatu, specifically at Law Partners House, Kumul Highway, Port Vila. This location is often chosen by brokers due to the relatively lax regulatory environment, which facilitates easier business operations.

Global Business Scope

Eternity Company primarily focuses on forex trading but also offers access to commodities and indices. The firm aims to serve clients globally, although its unregulated status raises concerns regarding its operational legitimacy and the safety of client funds.

Main Regulatory Bodies

Eternity Company is currently unregulated, meaning it does not fall under the oversight of any significant financial regulatory bodies. This lack of regulation is a red flag for potential investors, as it indicates that the company does not adhere to the stringent guidelines set by recognized authorities.

Back to top

2. Company History and Development

Key Milestones

  • 2021-2023: Establishment of Eternity Global Limited in Vanuatu, offering forex and CFD trading services.
  • 2023: The broker gained attention for its high leverage options and low minimum deposit requirements, attracting a diverse clientele.

Business Expansion Journey

Eternity Company has expanded its service offerings to include various financial instruments beyond forex, such as indices and commodities. However, it has not established a significant presence in regulated markets, limiting its growth potential.

Customer Base Growth

While specific user numbers are not disclosed, Eternity Company claims to cater to a global audience. Its marketing strategies emphasize accessibility and competitive trading conditions, which may have contributed to a growing customer base.

Platform Development History

Eternity Company utilizes the widely recognized MetaTrader 4 (MT4) trading platform, compatible with multiple operating systems, including iOS, Android, Windows, and macOS. The platform's popularity among traders is a significant factor in the companys appeal.

Important Awards or Recognitions Received

As of now, Eternity Company has not received any notable awards or recognitions in the financial industry, primarily due to its unregulated status and relatively short operational history.

Back to top

3. Trading Services Offered

Forex Trading Options

Eternity Company offers forex trading with a maximum leverage of up to 1:400. While it provides access to a variety of currency pairs, specific numbers of pairs offered are not detailed in the available information.

Stock Trading Options

Eternity Company does not offer stock trading options. This limitation may deter traders looking for a comprehensive trading experience that includes equities.

CFD Trading Products

The broker provides access to Contract for Difference (CFD) trading, allowing clients to speculate on price movements in various markets without owning the underlying asset. This includes commodities and indices.

Other Financial Instruments

Eternity Company does not currently support cryptocurrency trading or other financial instruments such as precious metals, mutual funds, or ETFs. This narrow focus may limit its appeal to a broader audience.

Special Services or Unique Advantages

One of the unique advantages of Eternity Company is its high leverage offerings, which can significantly amplify trading potential. However, this also increases risk exposure, particularly for inexperienced traders.

Back to top

Detailed Regulatory Information

Eternity Company operates without regulation, meaning it does not have oversight from any recognized financial authority. This lack of regulation is a significant concern for potential clients, as it raises questions about the safety of their funds.

The broker is registered as Eternity Global Limited in Vanuatu. There is no indication of a legal entity presence in other regions, which may limit its operational scope and client base.

Client Fund Protection Measures

Due to its unregulated status, Eternity Company does not offer client fund protection measures typically provided by regulated brokers, such as segregated accounts or insurance against insolvency.

Countries/Regions Served

Eternity Company aims to serve clients globally, but its unregulated status may limit its ability to operate in certain jurisdictions, especially those with strict financial regulations like the United States and the European Union.

Compliance History

Eternity Company has no documented compliance history with any regulatory body, further emphasizing its unregulated nature and the associated risks for potential investors.

Back to top

5. Competitive Landscape

3-5 Main Competitors

  1. IC Markets: A well-regulated broker offering competitive spreads and a wide range of trading instruments.
  2. Pepperstone: Known for its low-cost trading and strong regulatory framework.
  3. FXTM (ForexTime): Offers a variety of account types and robust educational resources for traders.

Positioning in the Industry

Eternity Company positions itself as a low-cost trading option with high leverage. However, its lack of regulation and limited service offerings may hinder its competitive edge in an industry dominated by well-regulated brokers.

Market Differentiation Factors

The primary differentiating factor for Eternity Company is its high leverage and low minimum deposit requirements. However, these advantages come with significant risks, particularly for inexperienced traders. The absence of a comprehensive range of financial instruments and regulatory oversight may deter potential clients seeking a trustworthy trading environment.

Back to top

Conclusion

Eternity Company presents itself as a forex brokerage with competitive offerings, including high leverage and low minimum deposits. However, its unregulated status raises significant concerns regarding the safety and integrity of its trading environment. Potential clients should carefully consider these factors before engaging with the broker. For those seeking a regulated and secure trading experience, it may be prudent to explore other options within the industry.

For more information on Eternity Company and its offerings, please visit the relevant links or consult with a financial advisor.

Learn more