EternalWealth 2025 Review: Everything You Need to Know
EternalWealth has garnered significant attention in the forex trading community, but unfortunately, most of it is negative. This broker is widely regarded as unregulated and potentially fraudulent, with numerous complaints from users regarding withdrawal issues and lack of transparency. Key findings indicate that EternalWealth operates under multiple names and claims to be regulated, but these assertions are misleading.
Note: It is crucial to recognize that EternalWealth may operate under different entities across regions, which complicates its regulatory status. This review aims to provide a fair and accurate assessment based on available data.
Ratings Overview
We assess brokers based on user reviews, expert opinions, and factual data to provide a balanced rating.
Broker Overview
Founded in 2007, EternalWealth Group claims to provide forex trading services through its platform, eternalwealthfx.com. The broker offers trading on the MT5 platform and claims to facilitate various asset classes, including forex, commodities, indices, and precious metals. However, it lacks any legitimate regulatory oversight, which raises significant concerns regarding the safety and security of traders' funds.
Detailed Review
Regulatory Environment
EternalWealth operates without any recognized regulatory authority, which is a primary red flag. Regulatory bodies such as the Australian Securities and Investments Commission (ASIC) have issued warnings against this broker for offering financial services without appropriate authorization. This lack of regulation means that traders have no recourse in the event of disputes or fraud.
Deposit/Withdrawal Currencies
The broker does not specify supported deposit or withdrawal currencies, which is a common practice among unregulated entities. This lack of transparency can lead to complications and confusion for traders attempting to manage their funds.
Minimum Deposit
EternalWealth requires a minimum deposit of $5,000, which is significantly higher than the industry average. This practice is often associated with scam brokers aiming to extract as much money as possible from unsuspecting traders before they become suspicious.
There are currently no bonuses or promotions offered by EternalWealth, which aligns with the practices of many unregulated brokers that often lure clients with such incentives.
Tradable Asset Classes
EternalWealth claims to offer a range of tradable assets, including forex pairs, commodities, indices, and precious metals. However, the lack of transparency regarding specific asset offerings raises concerns about the broker's credibility.
Costs (Spreads, Fees, Commissions)
Information regarding spreads, fees, and commissions is scarce. However, user reviews indicate that hidden fees are common, and traders often face difficulties when attempting to withdraw funds, with reports of high withdrawal fees or outright refusals.
Leverage
EternalWealth does not provide clear information on leverage ratios, which is essential for traders to understand the risks involved. This omission is typical among unregulated brokers aiming to obscure the potential risks associated with trading.
The primary trading platform offered by EternalWealth is MT5. Despite being a popular platform, the lack of transparency regarding its features and functionalities diminishes its appeal.
Restricted Regions
EternalWealth operates globally but is particularly focused on regions with less stringent regulatory oversight. This strategy allows the broker to evade scrutiny while targeting vulnerable traders.
Available Customer Service Languages
Customer service appears to be limited, with reports of poor communication and support. Many users have expressed frustration over the lack of responsiveness and assistance when issues arise.
Ratings Repeat
Detailed Breakdown
Account Conditions
EternalWealth's account conditions are poor, with a high minimum deposit and no clear information on account types. User reviews frequently highlight issues with accessing funds and the overall lack of transparency.
The broker provides minimal resources for traders, lacking educational materials or advanced trading tools. This absence of support can hinder traders, especially those new to the market.
Customer Service and Support
Customer service is one of the weakest aspects of EternalWealth, with numerous complaints about unresponsive support and difficulties in resolving issues. Users have reported that inquiries often go unanswered, and attempts to withdraw funds are met with resistance.
Trading Setup
The trading experience with EternalWealth is marred by reports of withdrawal issues and lack of clarity regarding trading conditions. Users have expressed concerns about the broker's reliability and the safety of their funds.
Trustworthiness
EternalWealth is widely regarded as untrustworthy, with multiple sources labeling it as a potential scam. The absence of regulation and numerous negative user experiences contribute to this perception.
User Experience
Overall user experience is negative, with many traders reporting lost funds and unresponsive customer service. The broker's lack of transparency and regulatory oversight further exacerbate these issues.
In conclusion, potential traders should exercise extreme caution when considering EternalWealth as a trading option. The overwhelming consensus from user reviews and expert opinions suggest that this broker poses significant risks, and it is advisable to seek out regulated and reputable alternatives.
