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FBS , ETO Markets Broker Comparison

Do you want to know which is the better broker between FBS and ETO Markets ?

In the table below, you can compare the features of FBS , ETO Markets side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
FBS
8.75
Regulated
Under guarantee
--
--
5-10 years
ASIC,CYSEC,FSC
--
B
A
461.7
2
48
2
1998
1998
1982
A

EURUSD: 0.2

XAUUSD: 0.6

29
-6
29
B
14.9 USD/Lot
31.83 USD/Lot
C

Long: -5.46

Short: 0.61

Long: -29.9

Short: 6.05

AAA
0.2
60.2
Pro Account,Cent account,Standard account
36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs
$200
1:2000
from 0.5
0.00
--
0.1
--
ETO Markets
8.41
Regulated
Under guarantee
10-15 years
ASIC,FSA
--
C
B
625.6
265
265
297
1998
1992
1998
AA

EURUSD: -0.5

XAUUSD: 0.1

24
-1
24
C
22.81 USD/Lot
32.03 USD/Lot
A

Long: -6.83

Short: 1.55

Long: -34.86

Short: 20.18

D
0.2
3174.8
Pro,Standard
--
$20000
1:500
From 0
0.00
--
0.01
--

FBS 、 ETO Markets BrokersRelevant information

ETO Markets BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of fbs, eto-markets lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

fbs
FBS Basic Information
Registered Country/Area Cyprus
Founded in 2009
Company Name Tradestone Limited
Regulatory Authority CySEC, FSC (Offshore)
Minimum Deposit $1
Maximum Leverage 1:30 (retail), 1:500 (professional)
Spreads Spreads from 0.0 pips
Trading Platforms MetaTrader 4, MetaTrader 5, FBS Trader (proprietary)
Tradable Assests Forex, CFDs, Stocks, Cryptocurrencies, Metals, Energies
Account Types Cent, Micro, Standard, Zero Spread, ECN, Crypto
Demo Account Yes
Customer Support 24/7 Live Chat, Phone, Email, Telegram, Viber, WhatsApp
Deposit/Withdrawal Methods Credit/debit cards, Bank wire transfer, Electronic wallets
Educational Tools Articles, Video Tutorials, Webinars, Courses, Glossary

Overview of FBS

FBS is a forex and CFD broker established in 2009. With its headquarters situated in Cyprus, the company maintains a global presence through offices in various countries such as China, Indonesia, Malaysia, and Thailand.

Catering to a diverse clientele, FBS offers an array of account types suitable for traders of varying experience levels and preferences. Whether you're a novice or a seasoned trader, FBS provides tailored account options to align with your requirements. The broker boasts an extensive selection of trading instruments encompassing over 40 currency pairs, precious metals, CFDs on stocks, and cryptocurrencies.

FBS equips its clients with the widely acclaimed MetaTrader 4 and MetaTrader 5 trading platforms, recognized as industry benchmarks. These platforms are accessible across desktop, web, and mobile devices, empowering traders to manage their accounts and execute trades on the move. Additionally, FBS introduces its proprietary mobile trading app, FBS Trader, catering to both iOS and Android users.

Ensuring top-notch client assistance, FBS is committed to delivering round-the-clock multilingual support via phone, email, and live chat. Complementing its support system, the broker extends an array of educational resources encompassing trading courses, video tutorials, webinars, and market analysis.

FBS' homepage

Is FBS Scam or Safe Broker?

No, FBS is not a fraudulent entity. FBS is authorized and regulated by the Cyprus Securities and Exchange Commission(CySEC) in Cyprus under regulatory license number: 331/17.

regulated by CSEC

This FBS is operated by FBS Markets Inc., and it is authorized and offshore regulated by the Financial Services Commission (FSC) in Belize under regulatory license number: IFSC/60/230/TS/17.

offshore regulated by FSC

Market Intruments

FBS offers a wide range of trading instruments, including Forex currency pairs, stocks, commodities, indices, and cryptocurrencies. Forex traders can access a total of 40 currency pairs, including major, minor, and exotic pairs.

In addition to currency pairs, traders can also access CFDs on various global stocks such as Amazon, Apple, and Facebook, as well as commodities like gold, silver, and oil. Furthermore, FBS offers CFDs on several popular indices, including the S&P 500, NASDAQ, and the FTSE 100. Finally, traders can also access cryptocurrency CFDs on Bitcoin, Ethereum, Litecoin, and Ripple.

Overall, FBS offers a diverse range of trading instruments for traders to choose from.

Market Intruments

Account Types

FBS offers a range of account types to cater to the different needs and trading styles of its clients.

The Standard account is the most popular choice, offering competitive spreads and no commission fees. It's ideal for both new and experienced traders who want to trade with a relatively low initial deposit and enjoy the benefits of FBS's trading conditions.

For those who prefer to trade with smaller amounts, the Cent account is a good option. It allows traders to trade with cents instead of dollars, so they can better manage their risks and test different trading strategies. The Cent account has the same features as the Standard account, but with smaller contract sizes.

FBS also offers a Pro account, which allows traders to trade with cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. This account type is suitable for those who want to take advantage of the volatility of the cryptocurrency market and speculate on their price movements.

Each account type has its pros and cons. The Standard account offers more trading instruments and requires a higher minimum deposit, but it has competitive spreads and no commission fees. The Cent account is ideal for those who want to start trading in smaller amounts, but it has wider spreads and fewer trading instruments. The Crypto account has a lower minimum deposit yet wider spreads.

Account Types

Demo Trading

FBS provides demo trading accounts, enabling traders to refine their skills and acquaint themselves with the broker's trading platforms without financial risk. These demo accounts are complimentary and feature virtual funds, allowing users to replicate actual market conditions.

A key benefit of FBS's demo trading accounts lies in their ability to offer insight into the broker's trading conditions and execution speeds. They also facilitate the testing of various trading strategies and techniques. This feature proves particularly advantageous for novice traders who are still mastering the intricacies of trading and desire increased self-assurance prior to committing real capital.

Furthermore, FBS's demo trading accounts offer the advantage of global accessibility, requiring only an internet connection. This convenience is especially beneficial for traders without access to a physical trading station or those who prefer the flexibility of trading on the move.

How to Open an Account?

Registering an account with FBS is a straightforward process that ensures a hassle-free start to your trading journey. Here's a step-by-step overview:

  1. Visit FBS Website: Begin by visiting the FBS website.

  2. Open an Account: Locate and click on the “Open an account” button on the website. This initiates the registration process.

  3. Provide Personal Information: You will be prompted to enter some essential personal details, including your name, address, and email. This information helps establish your identity.

  4. Financial Information: Additionally, FBS will require some financial information. You'll be asked about your trading experience and investment goals. This helps tailor your trading experience to your needs and objectives.

  5. Application Submission: Once you've completed the necessary steps and filled in the required information, submit your application. FBS will receive your application and review it meticulously.

  6. Identity Verification: FBS will verify your identity, a standard procedure to ensure the security of your account. This verification process typically takes a few business days.

  7. Funding Your Account: After your application has been successfully processed and your identity verified, you can proceed to fund your trading account. FBS offers a range of convenient deposit methods, including credit/debit cards, bank transfers, and e-wallets.

In summary, FBS offers a user-friendly and secure registration process that ensures traders can quickly get started with their preferred trading account. Whether you're looking to trade with real funds or practice in a risk-free environment, FBS caters to your needs.

Leverage

The maximum leverage offered to retail clients with FBS is 1:30. This is in compliance with the regulations set forth by regulatory bodies like CySEC and the European Securities and Markets Authority (ESMA) to protect traders from the risks associated with high leverage.

However, professional clients with FBS have access to higher leverage up to 1:500, which can be beneficial for those who have a deeper understanding of the markets and are comfortable with taking on more risks.

It's important to have a solid understanding of leverage and risk management before engaging in high-leverage trading.

Spreads & Commissions (Trading Fees)

FBS offers a wide range of trading opportunities with their motto, “Narrow spreads – wide trading opportunities.” They provide traders with the advantage of incredibly tight spreads, starting from 0 pips.

When it comes to choosing a spread that suits their trading strategy, FBS offers flexibility. Traders can select from various spread types, including floating spreads starting from as low as 0.2 pips, fixed spreads starting from 3 pips, and even the option to trade without any spread (fixed spread of 0 pips). The choice of spread type and its associated value is determined by the specific account type a trader uses.

To enhance precision and accuracy in trading, FBS provides up to 5-digit quotes on all account types. This high level of precision is especially crucial for traders who engage in short-term orders. With this precision, traders can confidently select and execute their trading strategies, ensuring they have the most accurate information about the market to make the most of their trading endeavors.

Here is a table comparing the spreads on EUR/USD, Gold, and Indices by FBS, eToro, Exness, and IC Markets:

Broker EUR/USD Spread Gold Spread Indices Spread
FBS 0.5 pips From 0.3 pips From 0.3 pips
eToro 1 pip From 45 pips From 75 pips
Exness 0.1 pips From 25 cents From 0.8 pips
IC Markets 0.1 pips From 20 cents From 0.5 pips

Non-Trading Fees

Apart from trading fees, there may be other charges that traders should be aware of when using FBS. Here are some non-trading fees to consider:

  • Deposit and Withdrawal Fees: FBS offers various payment methods for deposits and withdrawals, including credit cards, e-wallets, and bank transfers. While most of these methods are free, some may incur fees depending on the payment provider and currency used.

  • Inactivity Fee: FBS charges an inactivity fee of $10 per month if the trading account has been inactive for 180 days or more. This fee is taken from the account balance and continues until the account becomes active again.

  • Conversion Fees: If a trader deposits funds in a currency different from their trading account currency, FBS may charge a conversion fee to convert the funds to the trading account currency. The conversion fee varies depending on the payment method and currency.

  • VPS Hosting Fees: FBS offers VPS hosting services for traders who want to use automated trading strategies. The fee for VPS hosting varies depending on the plan chosen and the billing cycle.

Trading Platform

FBS offers its clients a variety of trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both platforms are widely used by traders all around the world, and they offer a range of advanced tools and features to help traders analyze the markets and execute trades.

Trading Platform

MT4 is a widely-used trading platform that is known for its reliability and ease of use. It offers a range of advanced charting tools, customizable indicators, and the ability to use expert advisors (EAs) to automate trading strategies. MT4 is available in both desktop and mobile versions, making it accessible to traders on-the-go.

MT5 is an upgraded version of MT4 and offers even more advanced features and tools. It has a more advanced charting package, as well as more timeframes and order types available. MT5 also allows traders to trade on the exchange markets, in addition to Forex.

In addition to these two popular platforms, FBS also offers a proprietary trading platform called FBS Trader, which is designed for mobile trading.

The platform is available for both Android and iOS devices and offers traders access to over 50 markets, including Forex, stocks, and commodities.

Deposit & Withdrawal

FBS offers a variety of deposit and withdrawal methods, including:

As for withdrawals, there are also no fees charged by FBS, but certain payment methods may have their own fees, such as bank wire transfer. The processing time for withdrawals may vary depending on the payment method chosen, but FBS aims to process withdrawals as quickly as possible.

Deposit & Withdrawal
Deposit & Withdrawal

Customer Support

FBS offers customer support through various channels, including email, phone, live chat, and social media. Their website is also available in multiple languages, making it more accessible to traders worldwide. The broker's customer support team is available 24/7, and they have received positive reviews from traders for their quick and helpful responses.

Educational Resouces

FBS offers a range of educational resources for traders of all skill levels. These resources include:

  1. Trading courses: FBS provides free educational courses on various trading topics, including technical analysis, fundamental analysis, and risk management.

  2. Webinars: The broker regularly hosts webinars on different aspects of trading. These webinars are conducted by experts in the field and cover a wide range of topics.

  3. Video tutorials: FBS offers a collection of video tutorials that cover various aspects of trading. These tutorials are designed to help traders learn the basics of trading as well as advanced strategies.

  4. Economic calendar: FBS provides an economic calendar that includes all major economic events that can impact financial markets. This helps traders stay informed about upcoming events and make informed trading decisions.

  5. Trading tools: FBS offers a range of trading tools, including an economic news feed, a currency converter, and a trading calculator. These tools can help traders make better trading decisions.

  6. Market analysis: FBS provides daily market analysis that covers major currency pairs, commodities, and indices. The analysis includes technical and fundamental analysis as well as trading recommendations.

Educational Resouces

Conclusion

FBS is a well-established online forex and CFD broker that offers a wide range of trading instruments, account types, and educational resources. The broker is regulated by reputable authorities and provides excellent customer support services to its clients. FBS also offers various trading platforms, including the popular MetaTrader 4 and 5, as well as a proprietary mobile application, FBS Trader.

While FBS has several advantages, such as a diverse range of trading instruments and low minimum deposit requirements, it also has some drawbacks, such as higher spreads and commissions than some of its competitors, as well as some limitations on the availability of certain account types in specific regions.

FAQs

  • Q: Is FBS a regulated broker?

A: Yes, FBS is a regulated broker. It is licensed by the Cyprus Securities and Exchange Commission (CySEC) and offshore regulated by the Financial Services Commission (FSC) in Belize.

  • Q: What trading instruments are available on FBS?

A: FBS offers a variety of trading instruments, including forex currency pairs, metals, energies, stocks, and cryptocurrencies.

  • Q: What are the account types available on FBS?

A: FBS offers three main account types - Standard, Cent, and Zero Spread. There is also an ECN account type available for professional traders.

  • Q: What is the minimum deposit required to open an account with FBS?

A: The minimum deposit required to open a Standard or Cent account with FBS is $1.

  • Q: What leverage does FBS offer?

  • A: FBS offers flexible leverage options, up to 1:500 for professional traders, 1:30 for retail clients.

  • Q: What trading platforms are available on FBS?

A: FBS offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as a proprietary mobile trading app called FBS Trader.

  • Q: What are the deposit and withdrawal methods available on FBS?

A: FBS offers a variety of deposit and withdrawal methods, including bank wire transfer, credit/debit cards, electronic payment systems such as Skrill, Neteller, and Perfect Money, and local payment methods.

  • Q: Does FBS offer any educational resources for traders?

A: Yes, FBS offers a range of educational resources, including video tutorials, webinars, e-books, market analysis, and a comprehensive FAQ section on their website.

  • Q: What are the customer support options available on FBS?

A: FBS offers customer support via live chat, phone, email, and social media channels. The support team is available 24/7 to assist traders with any questions or issues they may have.

  • Q: Is FBS a good broker for beginners?

A: FBS can be a good option for beginners due to its low minimum deposit requirement, flexible leverage options, and educational resources. However, traders should always do their own research and due diligence before choosing a broker.

eto-markets
Aspect Information
Registered Country/Area Seychelles
Founded Year 10-15 years ago
Company Name ETO Markets Limited
Regulation Regulated in Australia (ASIC) and Seychelles (FSA)
Minimum Deposit USD 100
Maximum Leverage 1:500
Spreads Vary depending on the account type and currency pair (ranging from 0 pips to 2.2 pips)
Trading Platforms Meta Trader 4 (MT4), Meta Trader 5 (MT5), PAMM, Social Trading
Tradable Assets Forex, Precious Metals, Energies, Indices
Account Types PRO Account, BASIC Account, PRIME Account, STD Account
Demo Account Available
Islamic Account Not specified
Customer Support Phone: +248 4374772, Email: info@eto.group
Payment Methods Bank Wire Transfers (USD), China Union Pay (CNY), SEA Instant Payment (IDR, MYR, THB, VND), SEA Internet Banking (IDR, MYR, VND), Cryptocurrency (USDT)
Educational Tools Trading Guides, ETO Blog, Trading Webinars

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 authorized and 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.

Pros Cons
ASIC-regulated Minimum depost not very low
Wide range of trading assets Only MT4 trading supported
Low minimum deposit requirement
Competitive spreads
High leverage
Demo & Islamic accout available
Educational resources provided

Is ETO Markets Legit?

Based on the information provided, 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.

regulation
regulation

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.

These market instruments offered by ETO provide traders with a range of options to diversify their portfolios and engage in trading across different asset classes. It's important for traders to familiarize themselves with the specific features, risks, and trading conditions associated with each instrument before engaging in any trading activities.

market-Instruments

Pros Cons
Diverse range of market instruments covering various financial markets and asset classes Potential complexity and learning curve associated with trading different instruments
Ability to trade on major stock market indices worldwide with leverage, without commission charges Market volatility and potential risk associated with forex trading
Availability of precious metals trading, allowing traders to benefit from price movements in valuable commodities Fluctuations in commodity prices and exposure to market risks
Access to energy products such as crude oil and natural gas, providing potential trading opportunities Market volatility and exposure to geopolitical and economic factors affecting energy prices
Exposure to stock market fluctuations and market risks associated with equity trading

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.

account-types
Pros Cons
PRO account offers spreads starting from 0.0 pips Limited information provided about specific trading conditions, such as commission fees or other charges
Maximum leverage of 1:500 across all account types, allowing traders to amplify their positions Lack of detailed explanation about additional benefits or features exclusive to each account type
PRIME account offers a balance between cost and trading conditions with reasonable spreads The absence of a stop out level may carry higher risk for inexperienced traders
STD account specifically caters to traders interested in trading XAU/USD (Gold) Limited account options for traders with specialized trading preferences or strategies
Accessibility with a minimum deposit requirement of USD 100 for all account types Lack of information about account management features and tools

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.

open-account

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.

open-account

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.

open-account

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.

open-account

Leverage

The maximum trading leverage offered by ETO Markets is up to 1:400. 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 Available

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.

trading-platform

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.

trading-platform

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.

trading-platform

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.

trading-platform

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.

Pros Cons
Multiple trading platforms to cater to diverse trader needs Limited availability of specific financial products or markets
User-friendly interface and advanced features in Meta Trader 4 (MT4) Potential confusion due to separate entities offering trading services
Advanced charting tools, timeframes, and analytical capabilities in Meta Trader 5 (MT5) Different regulatory status for ETO Markets Limited and ETO GROUP PTY LTD may raise concerns about investor protection and oversight
PAMM module for money management across multiple client accounts Limited accessibility to website and platform information for ETO GROUP PTY LTD
Social trading feature for copying successful traders' strategies Limited transparency regarding the company's background and management

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.

deposit-withdrawal

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 USD. 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.

Pros Cons
Multiple payment methods available for deposits and withdrawals Processing fees may apply for withdrawal requests below $100 USD
Quick deposit processing with funds reflected in the account within 5 minutes Withdrawal processing time depends on the submission time and may take up to the next business day
Clear instructions provided for deposit and withdrawal procedures Withdrawal limits vary depending on the payment method, potentially affecting the amount that can be withdrawn
User-friendly online portal for account management Limited information about withdrawal processing fees

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.

 educational-resources

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.

educational-resources

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.

educational-resources

These educational resources offered by ETO aim to empower traders with knowledge, skills, and market insights. Whether traders are beginners or experienced professionals, these resources can support their learning journey and help them make informed trading decisions. It's recommended to explore the specific offerings and availability of these educational resources on the official ETO website.

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

Question: What trading platforms does ETO Markets offer?

Answer: ETO Markets offers a variety of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms provide advanced charting tools, technical indicators, and automated trading options. ETO also offers PAMM and social trading platforms.

Question: What account types are available at ETO Markets?

Answer: ETO Markets offers different types of trading accounts to cater to the needs of traders. These include the PRO account, BASIC account, PRIME account, and STD account. Each account type has its own features and benefits, such as varying spreads, minimum deposit requirements, and leverage options.

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

Answer: Yes, ETO Markets provides the option to open a demo account. Traders can practice trading strategies and familiarize themselves with the platform without risking real money. The demo account allows traders to gain experience and confidence before transitioning to a live trading account.

Question: What are the available payment methods for deposits and withdrawals?

Answer: ETO Markets offers various payment methods for deposits and withdrawals. These include Bank Wire Transfers, China Union Pay, SEA Instant Payment, SEA Internet Banking, and Cryptocurrency (USDT). The specific payment methods available may vary depending on your location.

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

Answer: ETO Markets offers a maximum leverage of 1:500. Leverage allows traders to control larger positions in the market with a smaller initial investment. However, it's important to consider the risks associated with higher leverage and manage risk effectively.

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

Answer: ETO Markets provides a range of trading instruments across various financial markets. These include forex currency pairs, precious metals such as gold and silver, energies like crude oil and natural gas, and stock market indices. Traders can diversify their portfolios and trade different asset classes through ETO's platform.

Question: Does ETO Markets provide educational resources for traders?

Answer: Yes, ETO Markets offers educational resources to support traders in their learning and development. These resources include trading guides, a blog with market reports and interviews, and trading webinars conducted by experienced traders. These resources aim to provide market insights, strategies, and enhance traders' skills and knowledge.

Question: How can I contact customer support at ETO Markets?

Answer: ETO Markets provides customer support services via phone, live chat, and email. The customer service team is available Monday through Friday from 9am to 5pm (Sydney time). You can contact them at +248 4374772 or email them at info@eto.group. Additionally, ETO Markets can be followed on various platforms for the latest information and updates.

Are the transaction costs and expenses of fbs, eto-markets lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive fbs and eto-markets are, we first considered common fees for standard accounts. On fbs, the average spread for the EUR/USD currency pair is from 0.5 pips, while on eto-markets the spread is From 0.

Which broker between fbs, eto-markets is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

fbs is regulated by ASIC,CYSEC,FSC. eto-markets is regulated by ASIC,FSA.

Which broker between fbs, eto-markets provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

fbs provides trading platform including Pro Account,Cent account,Standard account and trading variety including 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs. eto-markets provides trading platform including Pro,Standard and trading variety including --.

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