Since ETA ltds official website (https://etaltd.io/) is temporarily down at the moment, we could only piece together the rough picture of this brokerage house by gathering some relevant information from other websites.
General Information
ETA ltd is a newly established forex broker, with an operation time of one to two years, offering its clients forex and CFD trading services. ETA ltd offers a total of four trading accounts to choose from, with a minimum deposit of € 250.
In terms of regulatory information, it has been verified that ETA ltd‘s is not subject to any valid regulation, and that’s why its regulatory status is marked as “No License” on the WikiFX website, where it also got a pretty low score of 1.43/10 on WikiFX. Please be aware of the risk.
Account Types
ETA ltd offers a total of four trading accounts for clients to choose from, namely Starter Account, Pro Account, Luxury Account, and Business Account. These four trading accounts are classified in light of their initial deposit requirements. To trade with ETA ltds most basic account, the Starter Account, investors need to fund at least € 250, which sounds acceptable. While other three trading accounts require much higher initial capital amounts, from € 2,500, €25,000, and €100,000, respectively.
Leverage
Trading leverage varies depending on trading accounts, ranging from 1:100 to 1:500, which is considered high overall.
Bear in mind that, leverage can amplify gains, as well as losses, inexperienced, are strongly recommended to choose the proper amount that they feel most at ease.
Spreads
With ETA ltd, trading accounts significantly affect spreads. With the Starter account and the Luxury account, the minimum spread is 1.5pips. It seems that the Pro and the Business account offer relatively competitive spreads, from 0.1 pips and 0.4 pips, respectively. while commission details are not disclosed.
Customer Support
ETA ltd offers poor customer support, only email support is available:
Email: support@etaltd.io
Risk Warning
Online trading in leveraged Forex and CFD instruments contains a high level of risk and may not be suitable for all investors.
Please note that the information contained in this article is for general information purposes only.
2023-03-29 10:24
2022-12-19 18:23
