Search

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

Rating Index

WikiFX Detection

Risk Control

Risk Manage

License

ASIC Revoked

EterWealth Company

  

Eterwealth Company: A Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  Eterwealth Company, officially known as EterWealth Limited, was established in 2006 in London, UK. The company was founded with the mission of making trading easier and more accessible to individuals and institutions alike. It has since evolved into a significant player in the financial services sector, primarily focusing on online trading and investment solutions.

  

Parent Company/Ownership Structure

  Eterwealth operates as an independent entity under the ownership of EterWealth Limited. The companys leadership team comprises experienced professionals from the financial services and technology sectors, committed to enhancing the trading experience through innovative solutions.

  

Headquarters Location

  The companys global headquarters is located in Kingstown, Saint Vincent and the Grenadines. Additionally, it has established regional offices, including a European headquarters in Switzerland, to cater to its expanding client base.

  

Global Business Scope

  Eterwealth serves clients in over 70 countries, providing a wide range of trading services and financial products. The company primarily focuses on retail and institutional clients, aiming to empower them with tools and resources for effective trading.

  

Main Regulatory Bodies

  Eterwealth is regulated by several financial authorities, including the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, it has faced scrutiny regarding its regulatory status, particularly concerning its National Futures Association (NFA) license in the United States, which has been deemed unauthorized.

  Back to top

  

2. Company History and Development

  

Key Milestones

  Eterwealth has achieved several significant milestones since its inception:

  • 2006: Company founded in London, UK.
  • 2008: Expanded operations into the European market.
  • 2011: Established partnerships with over 100 institutional clients.
  • 2015: Introduced the MetaTrader 5 (MT5) trading platform.
  • 2017: Entered the North American market and became one of the top ten foreign exchange providers globally.
  • 2020: Launched its business-to-customer (B2C) platform, promoting AI in trading.
  • 2023: Established its European headquarters in Switzerland.

  

Business Expansion Journey

  Eterwealth has strategically expanded its services across various regions, including Europe, North America, and the Asia-Pacific. The establishment of a strategic hub in Malaysia in 2022 aimed at capturing market share in the Asia-Pacific region further illustrates the company's growth ambitions.

  

Customer Base Growth

  Since its founding, Eterwealth has grown its customer base significantly, now serving over 70 countries. The company focuses on both retail and institutional clients, providing tailored solutions to meet diverse trading needs.

  

Platform Development History

  Eterwealth has continuously invested in technology to enhance its trading platforms. The introduction of MT5 marked a significant upgrade, offering advanced charting capabilities and algorithmic trading features. The company also emphasizes the integration of artificial intelligence to improve trading efficiency.

  

Important Awards or Recognitions Received

  Eterwealth has received multiple accolades for its trading services and platform performance. It has been recognized for its commitment to innovation and customer service excellence within the financial services industry.

  Back to top

  

3. Trading Services Offered

  

Forex Trading Options

  Eterwealth offers a robust selection of forex trading options, featuring over 26 currency pairs. This variety enables traders to access major, minor, and exotic currency pairs, providing ample opportunities for speculation and hedging.

  

Stock Trading Options

  While Eterwealth primarily focuses on forex and CFDs, it also provides access to various stock trading options. However, specific details about the range of stocks available for trading are less emphasized compared to its forex offerings.

  

CFD Trading Products

  Eterwealth offers a diverse range of Contracts for Difference (CFDs), allowing clients to trade on the price movements of various assets without owning the underlying asset. This includes CFDs on indices, commodities, and cryptocurrencies.

  

Other Financial Instruments

  In addition to forex and CFDs, Eterwealth provides trading options for commodities such as gold and silver, as well as cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This diverse product range allows traders to diversify their portfolios effectively.

  

Special Services or Unique Advantages

  Eterwealth differentiates itself through its commitment to technological innovation, particularly in leveraging artificial intelligence to enhance trading decisions. The company also emphasizes ultra-fast trade execution and a customer-centric approach, offering 24/7 expert support.

  Back to top

  

  

Detailed Regulatory Information

  Eterwealth is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. However, its NFA license in the United States is classified as unauthorized, raising concerns about its regulatory compliance in certain jurisdictions.

  

  Eterwealth operates as a legal entity in multiple regions, with its primary registration in Saint Vincent and the Grenadines. The companys regulatory status varies by region, affecting its operations and client interactions.

  

Client Fund Protection Measures

  While Eterwealth claims to adhere to strict regulatory standards, details regarding client fund protection measures are limited. Potential clients should conduct due diligence to assess the safety of their investments.

  

Countries/Regions Served

  Eterwealth serves clients globally, with a strong presence in Europe, North America, and the Asia-Pacific region. Its services are designed to cater to a diverse clientele, including retail and institutional traders.

  

Compliance History

  Eterwealth‘s compliance history has faced scrutiny due to the unauthorized status of its NFA license. Prospective clients are advised to evaluate the company’s regulatory standing before engaging in trading activities.

  Back to top

  

5. Competitive Landscape

  

3-5 Main Competitors

  Eterwealth competes with several notable brokers in the financial services industry, including:

  • TD Ameritrade: A well-established broker known for its comprehensive trading platforms and educational resources.
  • City Index: Recognized for its competitive spreads and user-friendly trading environment.
  • JFD: A regulated broker offering low spreads and a wide range of tradable assets.

  

Positioning in the Industry

  Eterwealth positions itself as a technology-driven broker, emphasizing its commitment to innovation and customer service. It aims to attract both retail and institutional clients by providing advanced trading solutions.

  

Market Differentiation Factors

  Eterwealth differentiates itself through its focus on artificial intelligence in trading, ultra-fast execution speeds, and a commitment to transparency. However, its regulatory challenges may impact its competitive positioning in certain markets.

  Back to top

  In conclusion, Eterwealth Company has established itself as a significant player in the online trading industry, offering a wide range of financial products and services. However, potential clients should carefully consider its regulatory status and transparency before engaging with the broker. For further information on Eterwealth and its offerings, learn more.