Eterwealth, officially known as Eter Wealth Limited, was established in 2021. The broker operates from its headquarters located at Euro House, Richmond Hill Road, Kingstown, VC 0100, Saint Vincent and the Grenadines. Eterwealth is a private company that primarily serves retail clients interested in trading various financial instruments.
Since its inception, Eterwealth has aimed to provide a reliable trading environment, although it has faced scrutiny regarding its regulatory status. The company claims to offer a wide range of services, including forex trading, commodities, and cryptocurrencies, catering to a diverse clientele across multiple markets.
Throughout its development, Eterwealth has made several notable milestones, including the launch of its trading platform based on MetaTrader 5 (MT5), which is recognized for its advanced trading functionalities. The broker positions itself in the retail forex trading sector, focusing on providing a user-friendly trading experience.
Despite its promising start, Eterwealth's reputation has been marred by concerns over its regulatory compliance and transparency. As a result, potential clients are advised to conduct thorough research before engaging with this broker.
Eterwealth operates without the necessary regulatory oversight from major financial authorities. The broker claims to hold a license from the National Futures Association (NFA) in the United States; however, this license is unauthorized. According to various sources, including the NFA's official register, Eterwealth is not listed as a regulated entity, raising significant red flags about its legitimacy.
The broker also presents a registration with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), but this jurisdiction is known for its lack of stringent regulatory standards for forex brokers. The SVG FSA does not license forex and binary options brokers, making this registration largely ineffective in protecting clients.
Eterwealth does not guarantee the segregation of client funds or participation in any investor compensation schemes. This lack of regulatory oversight means that clients' funds may not be protected, and potential investors are advised to exercise extreme caution when considering this broker.
Eterwealth offers a variety of trading products, including:
The broker claims to continuously update and expand its product offerings, though specific details on new additions are not readily available. Eterwealth aims to cater to both retail and institutional clients, providing a range of services tailored to different trading styles.
Eterwealth utilizes the MetaTrader 5 (MT5) trading platform, which is widely regarded as one of the best trading platforms available today. The platform is accessible on both desktop and mobile devices, offering traders advanced charting tools, technical analysis capabilities, and automated trading options.
Eterwealth does not appear to offer a proprietary trading platform or additional API access for automated trading, which may limit options for advanced traders seeking customized solutions.
Eterwealth provides several account types, although detailed information is sparse. The available account types include:
Eterwealth claims to provide competitive spreads, starting from 1.3 pips for major currency pairs, but does not disclose comprehensive information on commissions or overnight fees.
Eterwealth supports limited deposit and withdrawal methods, which may raise concerns for potential clients. Currently, the broker only accepts:
The withdrawal processing time also takes between 2 to 5 business days, which is slower than many competitors. The lack of multiple payment methods and the high withdrawal fees may deter potential clients from engaging with Eterwealth.
Eterwealth offers customer support primarily through email, available 24/7. However, the absence of live chat or phone support may be a drawback for traders seeking immediate assistance. The broker's support is limited to English and Thai, which may not cater to a broader audience.
Eterwealth primarily targets clients in Saint Vincent and the Grenadines and potentially other regions, but it does not provide specific details on its market coverage. The broker does not accept clients from certain jurisdictions, including the United States, due to its unregulated status.
In conclusion, while Eterwealth presents a range of trading products and services, potential clients should be cautious due to the broker's lack of regulatory oversight and transparency. It is crucial to conduct thorough research and consider alternative brokers with established reputations and regulatory compliance before engaging with Eterwealth.
Darry
Morocco
EterWealth, man, they're on top of their game! Their regulation is top-notch, giving me peace of mind when I trade. And their market instruments? They've got a wide range to choose from, so I can diversify my portfolio and find the best opportunities. All in all, EterWealth is a solid choice for anyone looking to trade with confidence.
Positive
2024-07-08
sand8226
Thailand
I withdrew money on 2024-05-23 07:23:48, now it's 10:09:23 and the money still hasn't arrived.
Exposure
2024-05-23
FX4345313252
Thailand
Bonuses can be withdrawn without deception. Money will be deposited within 1 day.
Positive
2024-12-10