ETERNITY GLOBAL Forex Broker provides real users with * positive reviews, 2 neutral reviews and * exposure review!
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I lost all of my life savings to an online investing this site as a result of not doing enough research which I will advise anyone against it. It's a scamming site.
Cheats!! They didn't pay me so far, almost one year. Stay away!! They won’t respond to any disputes or if they do it’s a generic message. Beware!!
Eternity Global has garnered attention in the forex trading community, but opinions on its legitimacy and reliability remain mixed. While some traders appreciate the low entry barriers and leverage options, others express concerns regarding the broker's regulatory status and customer service. This review aims to consolidate key insights from various sources to provide a comprehensive overview of Eternity Global.
Note: It is crucial to recognize that the broker operates under different entities across regions, which may affect its regulatory compliance and user experience. This review has been conducted with fairness and accuracy in mind, drawing from diverse sources to present a balanced perspective.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Experience | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
We rate brokers based on user experiences, expert reviews, and factual data.
Founded approximately 2 to 5 years ago, Eternity Global is registered in Vanuatu and operates under the Vanua Financial Services Commission (VFSC). However, it is essential to note that the VFSC is often criticized for its loose regulatory standards. Eternity Global offers the popular MetaTrader 4 (MT4) trading platform, enabling users to trade various assets, including forex, indices, and commodities. Despite promising features, the lack of robust regulation raises significant red flags.
Regulatory Status:
Eternity Global is primarily registered in Vanuatu, which is known for its lenient regulatory environment. While it claims to be regulated, the VFSC does not impose stringent requirements compared to major regulators like the FCA or ASIC. This lack of oversight contributes to a perception of risk among potential traders.
Deposit/Withdrawal Options:
The broker supports a variety of deposit methods, including credit cards, wire transfers, and e-wallets like Neteller and Skrill. However, the absence of clear information regarding withdrawal processing times and fees has raised concerns among users. Some reports suggest that withdrawals can take up to three days, which is relatively slow compared to industry standards.
Minimum Deposit:
Eternity Global has a minimum deposit requirement of $200 for a standard account, while the pro account demands a hefty $20,000. This significant difference may deter novice traders who are looking to start with a smaller investment.
Bonuses/Promotions:
Information regarding bonuses or promotions is scarce. Most sources indicate that Eternity Global does not offer substantial promotional incentives, which is a common practice among brokers aiming to attract new clients.
Asset Classes:
Traders can access a range of assets, including over 70 currency pairs, indices, and commodities. However, the absence of cryptocurrencies may limit the appeal for traders looking to diversify their portfolios.
Costs:
The spreads offered by Eternity Global are reported to be competitive, starting from 0 pips for pro accounts. However, additional commissions of $7 per round trade on pro accounts may offset these benefits. Users have also raised concerns about unclear swap fees and potential hidden costs.
Leverage:
Eternity Global offers leverage up to 1:400, which can amplify both profits and losses. While high leverage can be attractive, it also increases the risk of substantial losses, especially for inexperienced traders.
Trading Platforms:
The broker exclusively uses the MT4 platform, which is favored by many traders for its user-friendly interface and advanced trading tools. However, the lack of MT5 support may be a drawback for those seeking more advanced features.
Restricted Regions:
Eternity Global does not explicitly state any restricted regions, but potential users should exercise caution based on their local regulations regarding offshore brokers.
Available Customer Support Languages:
Customer support is primarily available in English, with some references to Chinese support. However, user reviews indicate that the responsiveness and effectiveness of customer service are lacking.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Experience | 5 |
| Trustworthiness | 3 |
| User Experience | 4 |
Account Conditions (5/10):
Eternity Global offers two types of accounts: standard and pro. While the minimum deposit for a standard account is relatively low, the high requirement for a pro account can alienate potential traders. The commission structure is also somewhat opaque, leaving users uncertain about total trading costs.
Tools and Resources (6/10):
The availability of the MT4 platform is a strong point, offering various tools and resources for traders. However, the lack of educational materials or additional trading tools may hinder the experience for beginners.
Customer Service and Support (4/10):
Users have reported slow response times and a lack of effective support when issues arise. The absence of direct phone support further complicates the situation, leading to frustration among traders.
Trading Experience (5/10):
The overall trading experience is average, with reports of competitive spreads but also concerns regarding withdrawal times and the clarity of costs involved.
Trustworthiness (3/10):
The unregulated status of Eternity Global raises significant concerns about the safety of user funds. Many experts advise caution when dealing with offshore brokers, emphasizing the risks involved.
User Experience (4/10):
User reviews reflect a mixed experience, with some appreciating the trading conditions while others express dissatisfaction with customer service and withdrawal processes.
In conclusion, while Eternity Global may offer attractive trading conditions and leverage, the lack of robust regulation and mixed user experiences suggest that potential traders should proceed with caution. It is advisable to conduct thorough research and consider alternative brokers with stronger regulatory oversight before committing any funds.
