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Etrans Forex Broker provides real users with * positive reviews, * neutral reviews and 5 exposure review!

Etrans Broker Review

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Etrans Review 5

Latest All(5) Exposure(5)
Exposure
Induced fraud. Unable to withdraw

The woman in the picture will say that she is the analyst of No.1 securities and induce you to invest in this website. You will earn a little profit at the beginning and she will start to deceive you once you trade over ten thousands(immediately change picture after scamming). The customer service said that it will not be withdrawn for the first withdrawal and they will not response anymore if you withdraw for the second time.

FX2091675372
2021-12-27
Exposure
Deposit and withdrawal reconds. Remittance records. Their ID. Report. Evidence.

Detailed conversation content with their the customer service and staff from 10/23~11/10. Everyone be careful to prevent fraud.

JiunYing Ou
2021-11-24
Exposure
The platform withdrawal is abnormal. Their requirements have been completed and there is also a platform statement, but the platform is still unable to withdraw funds within the statement period

I began to use the platform on 10/15 and submitted A VIP application to the platform on 10/30. After the application was approved, the platform informed that it needed 3,000 US dollars as a guarantee fee. I provides USD 3000 membership fee deposit for Etong platform on 11/04 and the platform informed that the account could not be transferred out, and it was necessary to pay 5,000 US dollars to report to the supervisory unit to apply for risk release. After paying 5,000 US dollars on 11/05, I apply for a withdrawal of 1,877 US dollars, but the platform still could not pay the withdrawal of 1877 US dollars on 11/06 and it responded that there was a problem with the company’s account and it was temporarily unable to withdraw. It replied that the account problem might needs to be withdrawn. The platform executives privately decided to let the bank lend money and directly withdraw $12,000 from the deposit account. The bank accountant denied my request of withdrawal due to uncooperative account and request $8000 margin fees. After the $8000 margin fee arrived, I withdrawn $21877 to my designated financial account within 24 hours. I completed the payment of $8000 on 11/08, but the platform informed that the withdrawal was rejected by the bank on 11/10. The bank asked the platform and myself to pay a margin fee of US$8,000 before unfreezing the platform account. On 11/11, I negotiated with the platform if the US$8,000 margin fee was paid to the platform and there is subsequent bank account problems, the platform and bank should handle it by themselves. The $29,877 that at the bank today should be refunded to my designated account within 24 hours after payment with platform statement. After the payment on 11/15, it still unable to withdraw and not even response until 11/17.

輝80489
2021-11-18
Exposure
Unable to withdraw

After the customer service application was approved, he said that the company's account had to be paid by the bank and a confirmation deposit of $40000 had to be paid. Later, he said that the company would help pay $20000 and remit within 72 hours.

JiunYing Ou
2021-11-15
Exposure
Scam. Unable to withdraw

https://www.etranstws.com/ I was invited to apply for vip and deposited $3000 to unlock my account. I made sure the correct bank account. I doubt that he changed my order and told me the withdrawal failed due to wrong number. I had to pay $5000 to unlock it. Now I do not have enough money to pay it in 3 days.

陳柏璋
2021-10-25

  

Etrans 2025 Review: Everything You Need to Know

  Etrans has made a name for itself in the forex and CFD trading landscape, but opinions about its reliability and service quality vary significantly. This review synthesizes key insights from various sources, highlighting critical features and user experiences that potential traders should consider before engaging with this broker.

  Note: It is essential to recognize that Etrans operates under different entities in various regions, which can affect its regulatory status and service quality. This review aims to provide a balanced perspective based on available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 5.5
Tools and Resources 6.0
Customer Service and Support 5.0
Trading Experience 6.0
Trustworthiness 4.5
User Experience 5.5

  We rate brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded in 2013, Etrans is an Australian-based forex broker that claims to offer a range of trading services, including access to forex, CFDs, commodities, and indices. The broker is regulated by the Australian Securities and Investments Commission (ASIC), although its regulatory status has been questioned, with some sources indicating a lack of transparency regarding its operations and compliance. Etrans does not support popular trading platforms like MetaTrader 4 or MetaTrader 5, which may deter some traders accustomed to these tools.

  

Detailed Analysis

  

Regulatory Regions

  Etrans claims to be regulated by ASIC, which is a significant regulatory body in Australia. However, there are conflicting reports about its actual regulatory status. Some sources indicate that Etrans may not be fully compliant with ASIC regulations, leading to concerns about its legitimacy. It is crucial for potential users to verify the regulatory status in their respective regions before trading.

  

Deposit/Withdrawal Currencies

  Etrans primarily operates in AUD and offers limited options for deposits and withdrawals. There is no mention of support for cryptocurrencies, which could be a drawback for traders looking to diversify their portfolios. The absence of a variety of funding methods may also limit accessibility for some users.

  

Minimum Deposit

  The minimum deposit requirement for Etrans is not explicitly stated in the reviewed sources. This lack of clarity can be a red flag for potential users, as transparency in deposit requirements is essential for building trust.

  

Bonuses/Promotions

  Etrans does not appear to offer any bonuses or promotions, which is relatively common among regulated brokers but may disappoint traders looking for additional incentives to start trading.

  

Tradable Asset Classes

  Etrans provides access to a variety of asset classes, including forex, CFDs, and commodities. However, the absence of cryptocurrencies and other popular trading instruments may limit its appeal to a broader audience.

  

Costs (Spreads, Fees, Commissions)

  The costs associated with trading on Etrans are somewhat ambiguous. While some sources mention spreads around 5.8, there is little information on additional fees or commissions that may apply. This lack of transparency can lead to unexpected costs for traders.

  

Leverage

  The leverage offered by Etrans is not clearly defined in the available sources, which raises concerns about the potential risks associated with trading on margin. Traders should approach leverage with caution, especially if the broker does not provide clear guidelines.

  

Allowed Trading Platforms

  Etrans does not support popular trading platforms like MT4 or MT5, which may deter experienced traders who rely on these platforms for their trading strategies. The absence of robust trading tools could hinder the overall trading experience.

  

Restricted Regions

  There is no specific information on restricted regions for Etrans, but potential users should verify whether they can legally trade with the broker based on their local regulations.

  

Available Customer Support Languages

  Etrans offers customer support primarily in English, with limited options for multilingual support. This could pose challenges for non-English speaking users seeking assistance.

  

Ratings Revisited

Category Rating (out of 10) Detailed Breakdown
Account Conditions 5.5 Lack of clarity on deposit requirements and limited currencies.
Tools and Resources 6.0 Absence of MT4/MT5 may deter experienced traders.
Customer Service and Support 5.0 Reports of slow response times and limited language options.
Trading Experience 6.0 Vague information on costs and leverage may affect trading decisions.
Trustworthiness 4.5 Mixed reviews on regulatory compliance raise concerns.
User Experience 5.5 Overall experience hampered by a lack of transparency and clarity.

  In summary, while Etrans presents itself as a legitimate forex broker, the mixed reviews and concerns regarding its regulatory status should prompt potential users to exercise caution. Traders are encouraged to conduct thorough research and consider their individual trading needs before engaging with Etrans. This Etrans review highlights the importance of transparency and user feedback in assessing the reliability of trading platforms.

Etrans review