General Information

Founded in 2010, ETO Markets is a forex and CFD forex broker based in Sydney, Australia, providing online solutions for retail and institutional investors in over 100 countries in Europe, Asia, Middle East, Africa, Oceania, etc. Please note that their services are not available in North and South America.

Concerning regulation, ETO GROUP PTY LTD is authozed or regulated by the Australian Securities and Investment Commission (ASIC); ABN 66 155 680 890, AFS Licence No. 420224, and ETO Markets Limited is offshore regulated by the Seychelles Financial Services Authority (FSA), with regulatory license no. S062.

Pros & Cons

ETO Markets offers several advantages for traders, including a diverse range of market instruments such as forex, precious metals, energies, and indices, allowing for portfolio diversification and trading across different asset classes. The availability of different types of trading accounts, such as PRO, BASIC, PRIME, and STD accounts, caters to the varying needs and preferences of traders. ETO Markets also provides access to popular trading platforms like Meta Trader 4 (MT4) and Meta Trader 5 (MT5), which offer advanced charting capabilities, technical indicators, and automated trading options. Additionally, the educational resources offered by ETO, such as trading guides, a blog, and trading webinars, contribute to traders' learning and development.

However, it's important to consider the potential drawbacks. ETO Markets is regulated by different regulatory agencies in different jurisdictions, with ETO Markets Limited regulated by the Seychelles Financial Services Authority (FSA) as an “Offshore Regulatory” entity. Being regulated offshore may raise concerns for some traders about the level of investor protection and oversight. Moreover, the website and platform information provided for ETO GROUP PTY LTD, which is regulated by the Australia Securities & Investment Commission (ASIC), is not available, potentially limiting transparency and accessibility for traders. It's crucial for traders to conduct thorough research, assess their risk tolerance, and make informed decisions when considering trading with ETO Markets.

Is ETO Markets Legit？

ETO (ETO GROUP PTY LTD and ETO Markets Limited) is regulated by different regulatory agencies in different jurisdictions.

ETO GROUP PTY LTD, based in Australia, is regulated by the Australia Securities & Investment Commission (ASIC). It holds a Market Making (MM) license, with license number 420224. The effective date of the license is February 1, 2013. The address of the licensed institution is 02 Tower B Citadel Towers' Suite 12 Level 12, 799 Pacific Highway, CHATSWOOD NSW 2067, Australia. The phone number is 0407 204 611. However, no website is provided for ETO GROUP PTY LTD.

On the other hand, ETO Markets Limited is regulated by the Seychelles Financial Services Authority (FSA). It holds a Retail Forex License with license number S062. The regulatory status is described as “Offshore Regulatory.” The address of the licensed institution is Office No. 20, First Floor, Abis 1, Abis Centre, Providence Industrial Estate, Mahé, Seychelles. The phone number is +248 4374772. The email address is info@eto.group, and the website is https://www.eto.group.

It's important to note that being regulated by a regulatory agency does not guarantee the safety or legitimacy of an investment. Investors should exercise caution and conduct thorough research before engaging in any financial transactions or investments.

Market Instruments

ETO offers a diverse range of market instruments for trading on their online platform. These instruments cover various financial markets and asset classes, including:

1. Forex: ETO provides access to the foreign exchange market, which is known as the world's most liquid market. Traders can engage in forex trading with leverage of up to 1:500. ETO offers a wide range of currency pairs, including majors, minors, and exotics, with lower commissions.

2. Precious Metals: ETO allows trading in major commodity markets by offering precious metals such as Gold and Silver. These metals are considered valuable assets due to their high economic value and durability. Traders can take advantage of price movements in precious metals markets through ETO's platform.

3. Energies: ETO provides access to energy products such as WTI (West Texas Intermediate) crude oil, Brent crude oil, and Natural Gas through CFDs (Contract for Difference). Traders can benefit from low spreads, and 24-hour market executions in the energy market.

4. Indices: ETO enables trading on significant stock market indices worldwide. Traders can utilize leverage of up to 1:500 without any commission charges. This allows them to participate in the price movements of major stock market indices and potentially capitalize on market opportunities.

Account Types

PRO ACCOUNT

The PRO account offers spreads starting from 0.0 pips. The minimum deposit required is USD 100, allowing accessibility for traders with varying budget sizes. The minimum trade size is 0.01 lot. With a maximum leverage of 1:500, traders can amplify their trading potential. The PRO account does not have a stop out level.

BASIC ACCOUNT

The BASIC account offers spreads starting from 1.0 pips, providing reasonable pricing for trading. The minimum deposit required is USD 100, making it accessible to a wide range of traders. The minimum trade size is 0.01 lot. The maximum leverage offered is 1:500, enabling traders to maximize their trading opportunities. Similar to the PRO account, the BASIC account does not have a stop out level.

PRIME ACCOUNT

The PRIME account caters to traders who prioritize a balance between cost and trading conditions. It offers spreads starting from 1.7 pips, providing a reasonable pricing structure for trading. The minimum deposit required is USD 100, making it accessible to traders with different levels of capital. The minimum trade size is 0.01 lot. The maximum leverage offered is 1:500, providing traders with the potential to magnify their trading positions. As with the other account types, the PRIME account does not have a stop out level.

STD ACCOUNT

Lastly, the STD account is specifically tailored for traders interested in trading XAU/USD (Gold). It offers spreads starting from 1.7 pips for general trading pairs and 2.9 pips for XAU/USD. The minimum deposit required is USD 100, making it accessible to traders with varying budget sizes. The minimum trade size is 0.01 lot. The maximum leverage offered is 1:500, allowing traders to amplify their trading potential. Similar to the other account types, the STD account does not have a stop out level.

How to Open an Account？

To open a DEMO ACCOUNT with ETO Markets, you can follow these steps:

1. Visit the ETO Markets website.

2. Look for the option to “Try demo account” and click on it.

3. You will be directed to a short application form.

4. Fill in the required information in the application form.

5. Complete the application process as instructed on the website.

To open a LIVE ACCOUNT with ETO Markets, you can follow these steps:

1. Visit the ETO Markets website.

2. Look for the option to “Open live account” and click on it.

3. You will be taken to an application form.

4. Fill in all the necessary information in the application form.

5. Complete the application process according to the instructions provided on the website.

Leverage

The maximum trading leverage offered by ETO Markets is up to 1:500. Investors should note that high leverage can increase the potential return but also increase the risk at the same time.

Spreads & Commissions

On a Standard account, spreads begin at 1.6 pips, which is a bit more than typical. The EUR/USD, GBP/USD, AUD/USD, and USD/JPY all have a spread of 1.8 pips, while the USD/CAD and USD/CHF have a spread of 2.2 pips.

On the Professional account, spreads are significantly reduced, with some as low as 0 pips, especially for currency pairs with a high trading volume. Thus, the EUR/USD, GBP/USD, and USD/JPY all have a spread of 0 pips, while the AUD/USD spread is 0.3 pips, the USD/CHF spread is 0.2 pips, and the USD/CAD spread is 0.4 pips. Consider, however, that there is a $7 commission every round deal, which is the reason for the low spreads.

Trading Platforms & Tools

ETO offers various trading platforms to cater to the diverse needs of traders. Here's a brief description of each trading platform:

1. Meta Trader 4 (MT4): MT4 is a widely recognized and popular trading platform that supports online trading through web pages, PCs, and mobile phones. It offers a comprehensive range of features and tools, making it suitable for both novice and experienced traders. MT4 provides a user-friendly interface, advanced charting capabilities, a wide range of technical indicators, and automated trading options.

2. Meta Trader 5 (MT5): MT5 is an advanced trading platform that provides market direction and data analysis to assist investors in making informed trading decisions. It offers enhanced features compared to MT4, including additional charting tools, more timeframes, and improved analytical capabilities. MT5 allows traders to access a variety of financial markets and trade anytime, anywhere, ensuring they don't miss any trading opportunities.

3. PAMM: PAMM (Percentage Allocation Management Module) is a solution designed for money managers. It enables them to manage funds across multiple client accounts using a single master account and interface. PAMM allows money managers to allocate and distribute investments, track performance, and execute trades on behalf of their clients.

4. Social Trading: ETO offers social trading, which is a form of investing that allows traders to copy investment strategies from others. It is suitable for individuals who don't have the time or expertise to analyze the markets extensively or identify trading opportunities. With social trading, traders can follow and replicate the trades and strategies of successful traders, leveraging their knowledge and experience.

These trading platforms provided by ETO offer different features, functionalities, and advantages to suit the preferences and requirements of various traders. It's recommended to explore the specific details and capabilities of each platform on the official ETO website to choose the one that best aligns with individual trading goals and strategies.

Deposit & Withdrawal

To deposit funds into your ETO Markets account, you need to log in to the ETO Markets Portal and select 'My Account' or click the 'Deposit Now' button on the top-right corner of the page. From there, you can choose your preferred payment method by clicking on the corresponding icon. The available payment methods include Bank Wire Transfers (USD), China Union Pay (CNY), SEA Instant Payment (IDR, MYR, THB, VND), SEA Internet Banking (IDR, MYR, VND), and Cryptocurrency (USDT). Once you have selected the payment method, choose the account you want to deposit to and enter the deposit amount in USD. Click 'Submit' and follow the instructions to complete the deposit request. The deposit will be reflected in your account within 5 minutes.

For withdrawals, you need to log in to the ETO Markets Portal, select 'My Account,' and click on 'My Withdrawal.' Submit your withdrawal request through the provided form. If you are withdrawing cryptocurrency, your request will be processed after confirming the instructions in the confirmation email sent by ETO Markets.

The processing time for withdrawals is as follows: Applications submitted before 3 am GMT on weekdays will be processed on the same day, while applications submitted after 3 am GMT will be processed on the next business day. Withdrawal applications submitted on weekends will be processed on the following business day.

The withdrawal limits vary depending on the payment method. For UnionPay, there is no minimum withdrawal amount per transaction. For USDT Transfer (TRC20) and USDT Transfer (ERC20), the minimum withdrawal amount is 100 USDT. For SEA Instant Payment and SEA Internet Banking, there is no minimum withdrawal amount per transaction.

Processing fees may apply for withdrawal requests below $100. The exact processing fees for deposits and withdrawals can be found in the 'What are the processing fees for deposit and withdrawal' section on the ETO Markets Portal.

Customer Support

The ETO Markets customer service team is available Monday through Friday from 9am to 5pm (Sydney time) via phone, live chat, and email. The team is comprised of individuals with a strong financial background, so they can assist you with a variety of concerns. An is undoubtedly one of the reasons why this e-commerce website has an excellent reputation for customer service. There are few FAQs and tutorials available on the trade website, and they will not be of much assistance.

Educational Resources

ETO provides a range of educational resources to support traders in their learning and development. Here's a brief description of each educational resource:

1. TRADING GUIDES: ETO Markets offers educational videos called Trading Guides. These videos focus on providing instruction and guidance on how to navigate and utilize the Meta Trader 4 (MT4) trading platform. They are particularly beneficial for new traders who are learning to use MT4 and want to understand its features and capabilities. Even experienced traders can benefit from these guides to learn new strategies or enhance their skills.

2. ETO BLOG: ETO Markets maintains a blog that offers weekly reports and interviews. The blog serves as a valuable resource for traders seeking market intelligence and real-time market positioning ideas. Through the blog, traders can access in-depth analysis, stay updated with market trends, and gain insights from industry experts. It provides a platform for traders to deepen their understanding of the financial markets.

3. TRADING WEBINARS: ETO Markets conducts trading webinars led by experienced traders or financial professionals. These webinars cover various topics such as technical analysis, risk management, and trading strategies. Webinars provide valuable insights and practical knowledge to enhance trading skills and decision-making abilities.

Customer Support

ETO Markets provides customer support services to assist traders with their inquiries and concerns. The customer service team is available Monday through Friday from 9am to 5pm (Sydney time) and can be contacted via phone, live chat, and email. The team consists of individuals with a strong financial background, ensuring they can provide knowledgeable assistance across a range of trading-related matters. ETO Markets has gained a reputation for excellent customer service, which contributes to its positive standing in the industry. While the trade website offers limited FAQs and tutorials, direct contact with the customer support team is the recommended approach for personalized assistance. The contact details for customer support include the email address info@eto.group, the phone number +248 4374772, and the physical address F20, 1st Floor, Eden Plaza, Eden Island, Seychelles. Additionally, customers can follow ETO Markets on various social media to stay updated with the latest information and developments.

Conclusion

ETO Markets is a regulated brokerage offering a range of advantages and disadvantages.

On the positive side, ETO Markets is regulated by the Australia Securities & Investment Commission (ASIC), providing a level of oversight and accountability. They offer a diverse range of market instruments, including forex, precious metals, energies, and indices, allowing traders to diversify their portfolios. ETO Markets provides different account types to cater to the needs of various traders, with leverage options of up to 1:500. They offer popular trading platforms like MetaTrader 4 and 5, as well as PAMM and social trading options. ETO Markets also provides educational resources such as trading guides, a blog, and webinars to support traders' learning and development.

On the negative side, being regulated offshore by the FSA may be seen as a disadvantage compared to stricter regulatory jurisdictions. The website lacks detailed information and transparency on some aspects, and customer support is limited to specific hours. It's important for traders to conduct their own research, consider their risk tolerance, and understand the advantages and disadvantages before engaging with ETO Markets or any brokerage.

FAQs

Question: Is ETO Markets a regulated broker？

Answer: Yes. It is regulated by the Australia Securities & Investment Commission (ASIC) and holds a Market Making (MM) license. Additionally, ETO Markets Limited is offshore regulated by the Seychelles Financial Services Authority (FSA) and holds a Retail Forex License.

Question: What trading platforms does ETO Markets offer？

Answer: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Question: Can I open a demo account with ETO Markets？

Answer: Yes.

Question: What is the maximum leverage offered by ETO Markets？

Answer: 1:500.

Question: What are the trading instruments available at ETO Markets？

Answer: Forex currency pairs, precious metals such as gold and silver, energies like crude oil and natural gas, and stock market indices.

Question: Does ETO Markets provide educational resources for traders？

Answer: Yes. These resources include trading guides, a blog with market reports and interviews, and trading webinars conducted by experienced traders.

General information and regulations of Alpari

Founded in 1998, Alpari is regulated by the NBRB and has eight global offices with operations on three continents.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

A wide range of financial instruments is available at Alpari. We have currency pairs, indices, commodities, metals, energies, stocks and so on.

It is worth noting that in the trading instruments screen, FBS provides a detailed table showing spreads, SWAPs, pip value, opening and closing price of various instruments in different account types in detail, which greatly facilitates clients' consultation and comparison.

Spreads and commissions for trading with Alpari

As we have mentioned before, the information about spreads can be easily viewed in the instruments table. For example, for a standard account the minimum spread for AUDUSD is 0.3 pips.

On the other hand, the commission can be viewed on the commissions page. For example, on the MT4/MT5 ECN account, the commission for Forex is 3USD/2.6EUR/2.35GBP. The commission for cryptocurrencies is the highest, 15USD, 12.5EUR, 11.5GBP.

Account Types for Alpari

Demo Account: Alpari provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: there are in total 4 types of live account: MT4 standard, MT4 micro, MT4/MT5 ECN, pro MT4 ECN. In the image below you could see the details. The minimum deposit ranges from $5 to $25,000, and other conditions such as leverage, minimum spread, margin settings are also different.

Trading platforms offered by Alpari

Alpari uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface. For clients with larger trading volumes, Alpari also offers the Alpari International direct platform, which has superior conditions.

Leverage offered by Alpari

Alpari offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and withdrawal methods and fees

Alpari offers a wide range of deposit and withdrawal options, depending on your country and region. As we can see, for Latin American clients, no fees are charged for withdrawals via skrill, which usually take 1-2 business days to arrive.

Educational resources

A number of educational resources are available at Alpari: we have Forex webinars, trading guides, trading strategies, and more. These tools serve as a useful assistance in your Forex trading, but to know how the financial market works, the best teacher is always real trading and making and losing money.

Customer support of Alpari

The ability of a broker to provide excellent customer service cannot be underestimated. There are these channels available to contact them: address, phone, email, social networks, live chat.

Here are more details on customer service

Languages: English, Chinese, Spanish, Indonesian, Filipino, Malay, and so on.

Service hours: 24/5

Address: Exinity Limited, 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius.

Phone: +442 080 896 850

Email: customersupport@alpari.org

Social media: Facebook, twitter, Instagram, wechat, telegram

Users exposures on WikiFX

On our website, you can see that a lot of users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Advantages and disadvantages of Alpari

Advantages:

Well regulated

High leverage

MT4, MT5

Sufficient information

Educational resources

Many instruments available

Demo account

Disadvantages:

Too many complaints

No copy trading

Frequent asked questions about Alpari

Does this broker offer demo accounts？

Of course. Like most brokers, Alpari offers a demo account where you can try trading without risk.

How much leverage does this broker offer？

The maximum leverage of Alpari is 1:1000. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.