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ePlanet Brokers LTD

Comoros|1-2 years|
Retail Forex License|MT5 Full License|Regional Brokers|Medium potential risk|Offshore Regulated|

https://eplanetbrokers.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
ePlanet-s2.eplanetbrokers.com MT5
Server Location United States

Contact

+359 24928518
compliance@eplanetbrokers.com
https://eplanetbrokers.com/
Fomboni, Island of Mohéli, Comoros Union

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VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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Contact number

English

+359 24928518

Broker Information

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Company Name

ePlanet Brokers LTD

Company Abbreviation

ePlanet Brokers LTD

Platform registered country and region

Comoros

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WikiFX Risk Alerts
Previous Detection : 2024-06-24
  • The Comoros MISA regulation with license number: T2023372 is an offshore regulation. Please be aware of the risk!

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ePlanet Brokers LTD · WikiFX Survey

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ePlanet Brokers LTD · Company Summary

ePlanet Brokers LTD Basic Information
Company Name ePlanet Brokers LTD
Founded 2023
Registered Country Comoros
Tradable Assets Forex, metals, commodities, indices, US stocks, energy, crypto
Account Types ECN Account, Standard Account, ECN Pro Account, Gold Special Account, Demo Account
Minimum Deposit $100
Maximum Leverage 1:500
Spreads Variable
Commission Variable
Payment Methods Digital currencies, perfect money, and Iranian Rial
Trading Platforms MetaTrader 5, cTrader
Trading Tools Forex Calculators
Customer Support Email (compliance@eplanetbrokers.com) Phone (+35924928518)
Education Resources Tutorials, webinars, and guides

Overview of ePlanet Brokers LTD

ePlanet Brokers LTD, established in 2023 and headquartered in Comoros, operates as an online trading platform offering access to forex, metals and commodities via industry-leading trading platforms such as MetaTrader 5 and cTrader. The platform provides a diverse range of account types, including demo, ECN, ECN Pro, standard, and gold special accounts, aiming to accommodate various trading preferences and strategies.

Overview of ePlanet Brokers LTD

Pros and Cons

ePlanet Brokers LTD presents traders with the advantage of utilizing the widely acclaimed MetaTrader 5 platform, renowned for its user-friendly interface and comprehensive trading tools. Additionally, the availability of multiple account types and diverse range of trading isntruments caters to diverse trading preferences. However, unclear details on educational content raise concerns about the completeness of the platform's offerings.

Pros Cons
  • Utilizes the popular MetaTrader 5 platform
  • Unclear details on educational content
  • Offers multiple account types
  • Lack of transparency regarding company policies and procedures
  • Diverse range of trading instruments

Regulation

ePlanet Brokers LTD is regulated in Comoros, holdingg a Retail Forex License authorized by the Mwali International Services Authority ( MISA) , with license no. T2023372.

regulation

Trading Instruments

ePlanet Brokers LTD offers a diverse range of trading instruments catering to various financial markets. These include:

  1. Forex: Trading currency pairs like EURUSD, USDJPY, and GBPUSD, where traders forecast price movements to profit from buying low and selling high.

  2. Metals: Trading precious metals such as gold, silver, platinum, palladium, and industrial metals like copper through instruments like CFDs or Spot contracts, providing portfolio diversification and capital protection.

  3. Commodities: Trading contracts for raw materials like gold, oil, and agricultural products such as wheat and coffee. Commodities are divided into hard commodities (metals and energy) and soft commodities (agricultural products).

  4. Indices: Trading leading stock indices like S&P 500, Dow Jones, NASDAQ, as well as indices from Germany, Japan, and Great Britain, allowing investors to diversify portfolios and explore various investment opportunities.

  5. US Stocks Trading: Buying and selling shares of publicly traded companies listed on US stock exchanges like NYSE and Nasdaq, including popular stocks like Nvidia, Apple, Tesla, and JP Morgan.

  6. Energy: Trading hard commodities like crude oil and natural gas through futures contracts and options, benefiting from global market shifts in supply and demand, which impact prices and market conditions worldwide.

  7. Crypto: Trading digital currencies such as Bitcoin and Ethereum through online platforms and exchanges powered by blockchain technology, aiming to profit from price fluctuations and market trends, characterized by extraordinary price volatility.

Trading Instruments

Account Types

ePlanet Brokers provides a diverse selection of account types tailored to meet the specific needs of traders, available on both the cTrader and MetaTrader 5 platforms.

For cTrader users, there are three distinct account options. The ECN Account requires a minimum deposit of $100, while the Standard Account also has a minimum deposit of $100. The ECN Pro Account stands out with a higher minimum deposit requirement of $5000.

Traders who prefer the MetaTrader 5 platform can choose from a range of account types designed to accommodate various trading strategies. The Standard Account has a minimum deposit requirement of $100, while the ECN Account and Gold Special Account requires a minimum deposit of $500. Additionally, the ECN Pro Account, with a minimum deposit of $5000, caters to traders seeking advanced features.

In addition to live trading accounts, ePlanet Brokers also offers Demo Accounts on both MetaTrader and cTrader platforms. These Demo Accounts provide a risk-free environment for traders to practice and hone their skills. With virtual funds, traders can simulate real market conditions, test strategies, and gain valuable experience before committing real capital, thereby enhancing confidence and proficiency.

Trading Platform cTrader MetaTrader 5
Account Type ECN Standard ECN Pro Standard ECN Gold Special ECN Pro
Spread From 3 pips From 6 pips From 0 pip From 6 pips From 3 pips From 0 pip/Max 8 From 0 pip
Minimum Deposit 100$ 100$ 5000$ 100$ 500$ 500$ 5000$
Commission 6$ / Lot No 4$ / Lot No 2.5$ / Side 8$ / Lot 4$ / Lot
Maximum Leverage 1:500 1:500 1:500 1:500 1:500 1:500 1:500
Account Types
Account Types

Leverage

All accounts on both the cTrader and MetaTrader 5 platforms, including the ECN Account, Standard Account, ECN Pro Account, Gold Special Account, and others, offer leverage of up to 1:500.

leverage

Spreads and Commissions

On the cTrader platform, the ECN Account features spreads starting from 3 pips and a commission of $6 per lot. In contrast, the Standard Account offers spreads starting from 6 pips with no commission. The ECN Pro Account provides spreads starting from 0 pips and a commission of $4 per lot.

For traders who prefer the MetaTrader 5 platform, the Standard Account offers commission-free trading with spreads starting from 6 pips. Alternatively, the ECN Account features spreads starting from 3 pips and a commission of $2.5 per side. The Gold Special Account stands out with tight spreads starting from 0 pips (maximum 8 pips) and a commission of $8 per lot. The ECN Pro Account offers spreads from 0 pips with a commission of $4 per lot.

Trading Platforms

ePlanet Brokers offers two trading platforms: MetaTrader 5 and cTrader, each tailored to meet the diverse needs of traders.

MetaTrader 5 (MT5) is a sophisticated platform renowned for its advanced charts, intelligent tools, and lightning-fast execution. Designed to simplify and enhance the trading journey, MT5 provides traders with remarkable features for seamless trading experiences. With availability on Android, Mac OS, Windows, iOS, and Web platforms, traders can access MT5 across various devices for ultimate convenience and flexibility.

cTrader stands as a user-friendly platform at the forefront of trading innovation. Built for simplicity and high performance, cTrader boasts an intuitive interface, advanced charting tools, and seamless order execution. Traders can immerse themselves in a streamlined trading experience, where efficiency meets ease, across Android, Windows, iOS, and Web platforms.

Trading Platforms

Trading Tools

ePlanet Brokers offers a suite of Forex calculators to assist traders in various aspects of their trading activities. These calculators include: Margin calculator, lot size calculator, profit & loss calculator, pip value calculator, risk/reward - win rate.

Trading Tools

Educational Resources

ePlanet Brokers provides educational resources tailored specifically for beginners in the realm of forex trading. These resources include tutorials, webinars, and guides meticulously curated to empower novice traders with foundational knowledge and insights necessary to navigate the complexities of the forex markets with confidence and skill.

Deposit & Withdraw Methods

ePlanet Brokers facilitates deposit and withdrawal transactions for traders through secure and convenient payment methods, including digital currencies, Perfect Money, and Iranian Rial.

deposit and withdrawal

Customer Support

The customer support services of ePlanet Brokers are available around the clock from Monday to Friday. The support hours extend from 12:00 AM to 20:00 PM on Saturdays and Sundays. During Daylight Saving Time, the support operates on GMT+2/GMT+3 time zone. Clients can reach out for assistance via phone at +35924928518 or by email at compliance@eplanetbrokers.com.

Conclusion

In conclusion, ePlanet Brokers LTD offers traders a range of account types and trading instruments, coupled with the widely acclaimed MetaTrader 5 platform, known for its user-friendly interface and comprehensive trading tools, which facilitates flexible and accessible trading opportunities.However, the unclear details on educational resources may present challenges for traders seeking comprehensive guidance. Traders should exercise caution and conduct thorough research before engaging with ePlanet Brokers LTD to mitigate potential risks and ensure a safer trading experience.

FAQs

Q: What trading instruments are available on ePlanet Brokers?

A: ePlanet Brokers offers forex, metals, commodities, indices, US stocks, energy, and crypto trading options.

Q: What account types does ePlanet Brokers offer?

A: On cTrader, ePlanet Brokers offers the ECN Account, Standard Account, and ECN Pro Account. On MetaTrader 5, they provide the Standard Account, ECN Account, Gold Special Account, and ECN Pro Account. Additionally, demo accounts are available on both platforms.

Q: How can I contact ePlanet Brokers' customer support?

A: Clients can reach out for assistance via phone at +35924928518 or by email at compliance@eplanetbrokers.com.

Risk Warning

Online trading carries inherent risks, and there's a possibility of losing your entire invested capital. It's important to recognize that trading may not be suitable for everyone. It's crucial to thoroughly understand the associated risks and bear in mind that the details provided in this review could change due to ongoing updates to the company's services and policies. Moreover, the review's generation date is another important consideration, as information may have altered since then. Therefore, readers are encouraged to verify the latest information directly with the company before making any decisions or taking action. The reader assumes full responsibility for utilizing the information provided in this review.

News

WikiFX Broker Assessment Series | ePlanet Brokers LTD: Is It Trustworthy?

NewsWikiFX Broker Assessment Series | ePlanet Brokers LTD: Is It Trustworthy?

2024-05-08 18:15

In this article, we will conduct a comprehensive examination of ePlanet Brokers LTD, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.

WikiFX
2024-05-08 18:15
News
WikiFX Broker Assessment Series | ePlanet Brokers LTD: Is It Trustworthy?

User Reviews

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Phuc Le
more than one year
Very professional and prompt and helped me throughout the whole process brilliant guy!
2024-05-16 15:21
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Arjun Kapoor
more than one year
The best broker I've ever met. Service was great, fast and professional service. Quick service to verify the accounts.
2024-05-16 14:13
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0
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Morky
more than one year
I used to love their customer support, but lately, the spreads during rollover and market open seem WAY outta whack. It feels like they're messing with them to take money from our accounts. You wouldn't even notice unless you, like me, have two accounts running. Crazy, right? Here's what happened today: I had a trade going into rollover and adjusted my stop-loss to account for the usual spread widening. But guess what? On my other (demo) account, the spread change was way smaller! My stop-loss got triggered just pips away from take profit, then the price magically reversed and hit the target. Meanwhile, on my live account, the spread was HUGE, causing my stop-loss to get hit just before the price reversed and went down to my take profit point. Seriously, what are the odds?! This whole situation makes me nervous. This broker needs to explain what's going on with these crazy spreads during rollovers and market opens. It's not cool if they're manipulating them to our disadvantage.
2024-04-16 17:25
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