ePlanet Brokers Ltd 2025 Review: Everything You Need to Know
Summary: ePlanet Brokers Ltd presents a mixed bag of reviews in 2025, with some users praising its trading platforms and customer support, while others raise significant concerns about its regulatory status and withdrawal issues. Notably, the broker is regulated in Comoros, which may not offer the same level of protection as more established jurisdictions.
Note: It is essential to recognize that ePlanet Brokers operates under various entities across different regions, which may impact regulatory oversight and user experiences. We have taken a balanced approach in compiling this review to ensure fairness and accuracy.
Ratings Overview
How We Rate Brokers: Our ratings are based on user feedback, expert opinions, and factual data about the broker's offerings and regulatory compliance.
Broker Overview
Founded in 2023, ePlanet Brokers Ltd is headquartered in Comoros and operates as an online trading platform offering access to various financial markets. The broker provides services through popular trading platforms, including MetaTrader 5 and cTrader. ePlanet offers a diverse range of tradable assets, including forex, metals, commodities, indices, US stocks, energy, and cryptocurrencies. However, it is crucial to note that the broker is regulated under the Mwali International Services Authority (MISA) in Comoros, which is considered an offshore regulatory environment.
Detailed Breakdown
Regulatory Status
ePlanet Brokers is regulated in Comoros, holding a retail forex license under MISA (license number: T2023372). However, many reviews highlight that this regulatory framework lacks the robustness of more established jurisdictions, raising concerns about client protection and operational transparency. According to WikiFX, users have reported issues with fund withdrawals, suggesting potential risks associated with trading through this broker.
Deposit/Withdrawal Currency and Methods
ePlanet Brokers facilitates deposits and withdrawals through various methods, including digital currencies, Perfect Money, and Iranian Rial. The minimum deposit required to open an account is $100, making it accessible for beginner traders.
While specific promotional offers were not detailed in the reviews, the brokers marketing materials suggest that it aims to attract new clients with competitive trading conditions and potential bonuses upon initial deposits.
Tradable Asset Classes
ePlanet Brokers provides a wide array of trading instruments, including:
- Forex: Major currency pairs such as EUR/USD, USD/JPY, and GBP/USD.
- Metals: Precious metals like gold and silver.
- Commodities: Trading in crude oil and agricultural products.
- Indices: Major indices including the S&P 500 and NASDAQ.
- US Stocks: Shares of publicly traded companies.
- Cryptocurrencies: Popular digital currencies such as Bitcoin and Ethereum.
Costs (Spreads, Fees, Commissions)
The trading costs at ePlanet Brokers vary depending on the account type. For instance, on the cTrader platform, the ECN account has spreads starting from 3 pips and a commission of $6 per lot, while the standard account offers spreads starting from 6 pips with no commission. The leverage offered can go up to 1:500, which is relatively high, but it also poses significant risk to traders.
ePlanet Brokers offers two popular trading platforms: MetaTrader 5 (MT5) and cTrader. Both platforms are known for their user-friendly interfaces and advanced trading tools, appealing to a wide range of traders from beginners to experienced professionals.
Restricted Regions
While specific restrictions were not detailed in the reviews, it is common for brokers to limit services in certain jurisdictions, especially those with strict regulatory requirements. Prospective clients should verify whether their country allows trading with ePlanet Brokers.
Available Customer Support Languages
Customer support at ePlanet Brokers is reportedly available in English and Persian, although some reviews indicate that the support team may not be fluent in English, which could hinder communication for non-Persian speakers.
Repeated Ratings Overview
Detailed Evaluation
Account Conditions
The account conditions at ePlanet Brokers are generally favorable for beginners, with a minimum deposit requirement of $100. However, the lack of clarity regarding fees and withdrawal processes raises concerns about the overall transparency of their operations.
ePlanet Brokers provides a decent range of trading tools, including forex calculators and educational resources tailored for beginners. However, the effectiveness of these resources is questioned, as some users found the educational content lacking.
Customer Service and Support
Customer service has received mixed reviews. While some users praised the efficiency and professionalism of the support staff, others reported difficulties in communication, particularly with English fluency. This inconsistency may affect user experience.
Trading Setup/Experience
The trading experience on both MT5 and cTrader platforms is generally positive, with users appreciating the seamless execution and advanced charting tools. However, issues with slippage and withdrawal delays have been reported, which could detract from the overall trading experience.
Trustworthiness
The trustworthiness of ePlanet Brokers is a significant concern, primarily due to its offshore regulatory status and reports of withdrawal issues. Many reviews emphasize the risks associated with trading with a broker that operates under less stringent regulations.
User Experience
User experiences vary widely, with some traders reporting successful trading experiences and responsive support, while others have faced challenges with withdrawals and account access. This disparity suggests that potential clients should approach with caution.
In conclusion, while ePlanet Brokers offers a range of trading options and platforms, the concerns regarding its regulatory status and user experiences warrant careful consideration. Prospective traders should conduct thorough research and consider their risk tolerance before engaging with this broker.
