General Information
Eternity Futures, a trading name of PT. Eternity Futures, is allegedly a forex and CFD broker founded in 2003 and registered in Indonesia that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and variable spreads from 1 point on the Pro-I Trader and MT4 on Windows, Mac, Android and iOS trading platforms, as well as a choice of three different real account types and 24-hour customer support service.
Here is the home page of this brokers official site:
Pros and Cons
Eternity Futures offers regulated services and a variety of market instruments, providing customers with diversification opportunities. However, there are concerns about false advertising and potential scams. Limited information is available regarding spreads and commissions, as well as deposit and withdrawal methods. The trading platform is compatible with MT4 and offers real-time news updates, but lacks detailed information on advanced features and customization options. Customer support is available through various channels, but options outside regular business hours are limited. Educational resources are provided, although specific details and frequency of updates are unclear. A summary of the pros and cons is presented in the table below.
Is Eternity Futures Legit？
Eternity Futures is a regulated entity in Indonesia. The regulatory agency overseeing its operations is the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under the Ministry of Trade. Eternity Futures holds a Retail Forex License, and its license number is 504/BAPPEBTI/SI/X/2004.
However, it is important to note that the provided information does not specify the expiration date or the effective date of the license. It would be advisable to verify the current regulatory status and any recent updates directly with the relevant regulatory agency or the licensed institution itself for the most up-to-date information.
Negative Reviews
Some traders shared their terrible trading experience on the Eternity Futures platform at WikiFX. They said this platform is a scam. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.
Market Instruments
Eternity Futures offers a range of market instruments, including Forex, commodities, index futures, Contract For Difference (CFD), and gold trading.
Foreign Exchange (Forex):
Forex refers to the trading of different currencies in the global market. It is the most popular financial market in the world, where participants buy and sell currencies with the aim of profiting from fluctuations in exchange rates.
Commodities:
Commodities trading involves the exchange of different assets, typically futures contracts, that are based on the price of an underlying physical commodity. Common commodities traded include energy products (such as oil and natural gas), precious metals (like gold and silver), agricultural products (such as wheat and corn), and more.
Contract For Difference (CFD):
A Contract For Difference is a financial contract that pays the differences in the settlement price between the open and closing trades. CFDs are popular in Forex and commodities products. With CFDs, traders can speculate on the price movements of various financial instruments without actually owning the underlying asset.
Index Futures:
Index Futures are derivatives contracts based on a specific stock market index. They provide an alternative for stock trading investment and allow investors to gain exposure to the performance of an entire index rather than individual stocks. Index Futures can help minimize the risk of price fluctuations associated with individual stocks.
Gold:
Gold trading involves buying and selling gold as a commodity in the financial markets. Gold is considered a safe-haven asset and is often used as a hedge against inflation and economic uncertainties. Traders can speculate on the price movements of gold through various financial instruments like futures contracts or CFDs.
Field Survey
The survey team went to Jakarta, Indonesia, to visit the dealer Eternity Futures and found no office at its exhibition address. In other words, the given business address might be fake. Please be prudent when trading with this broker.
Account Types
Apart from demo accounts, Eternity Futures claims to offer three types of real trading accounts, namely Standard, Executive and Ultimate. The minimum initial deposit amount is $200 for the Standard account, while the other two account types have much higher minimum initial capital requirements of $2,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Standard Account:
The Standard account offered by Eternity Futures requires an initial deposit of $200. It operates on a fixed rate of RP 10,000 and incurs a commission charge of $1. The account is subject to daily charged swap fees, and for every lot traded, the account earns 1 loyalty point. It is compatible with the MT4 trading platform.
Executive Account:
The Executive account has a higher initial deposit requirement of $2,000. Similar to the Standard account, it operates on a fixed rate of RP 10,000, but with a reduced commission charge of $0.75. The Executive account offers free swap fees and provides 2 loyalty points for every lot traded. It also supports the MT4 trading platform.
Ultimate Account:
The Ultimate account is the highest-tier account offered by Eternity Futures and requires an initial deposit of $10,000. It operates on the same fixed rate of RP 10,000 as the other accounts but has a lower commission charge of $0.5. The Ultimate account offers free swap fees and provides 3 loyalty points for every lot traded. It is compatible with the MT4 trading platform.
Demo Account:
Eternity Futures also provides a demo account option for traders who wish to practice and familiarize themselves with the platform before engaging in real trading. Demo accounts typically simulate real trading conditions using virtual funds, allowing users to test their strategies and gain experience without risking real money.
Segregated Accounts:
Eternity Futures maintains segregated accounts, which are bank accounts specifically designated to hold customer funds separately from the company's operational accounts. These segregated accounts are closely monitored by BAPPEBTI to ensure the protection of customers' funds.
Spreads & Commissions
Eternity Futures offers different spreads and commissions based on the account types. The Standard account has spreads from 1 point with a $1 commission. Executive account holders experience spreads from 2 points with a $0.75 commission. Ultimate account members have spreads from 3 points with a $0.5 commission. Further details or conditions regarding these spreads and commissions are not provided.
Trading Platform Available
Pro-iTrader is Eternity Futures' online trading platform that allows users to engage in Forex and Commodity trading at any time. The platform is designed to provide a user-friendly experience, integrating seamlessly with various information technology systems. Pro-iTrader offers a range of features and tools to enhance the trading experience.
One of the main features of Pro-iTrader is its simple and fast order execution process. The platform also provides real-time quotes in both summary and advanced modes, allowing users to access accurate market information. Additionally, Pro-iTrader offers charting capabilities with technical trading features and tools, enabling users to perform in-depth technical analysis.
To support fundamental trading strategies, Pro-iTrader provides real-time news updates, ensuring that users stay informed about market events and trends. The platform is adjustable based on the users' needs, allowing customization to suit individual trading preferences. Pro-iTrader also includes easily accessible trading notes, facilitating the recording and tracking of important trading information.
The Pro-iTrader platform is available for download on multiple operating systems. Users can download the platform for Windows, Mac, Android, and iOS devices, ensuring accessibility across various devices and operating systems.
It is worth noting that Eternity Futures claims compatibility with the MT4 trading platform, which further expands the options available to traders who are already familiar with MT4.
Trading Tools
Eternity Futures offers an economic calendar as one of its trading tools. An economic calendar is a valuable resource for traders as it provides essential information about upcoming economic events, announcements, and indicators that can significantly impact financial markets.
Educational Resources
Eternity Futures provides educational resources to help traders stay informed and make informed trading decisions. One of the educational resources offered is “Market Buzz,” which provides news and updates related to Forex, stock indices, and commodities.
The Market Buzz section includes articles on various economic events, such as economic recessions, inflation rates, adjustments in export and import tariffs, global stock market trends, and more. These articles provide insights into the current market situation and potential impacts on trading activities.
Additionally, Eternity Futures offers “Expert Brief” resources, which appear to be periodic reports or briefings provided by experts. The dates listed suggest that these briefings are regularly updated, allowing traders to access the latest insights and analysis from industry experts.
While the specific details and format of the educational resources are not explicitly mentioned, the Market Buzz section seems to provide relevant news articles, while the Expert Brief section offers expert opinions and analysis. These resources can assist traders in keeping up with market developments and making informed trading decisions.
Customer Support
Eternity Futures provides customer support through various channels to assist their clients. You can contact their customer support team via telephone at +62 021 - 39520955. Additionally, you can reach out to them through email at layanan.nasabah@eternityfutures.com for any inquiries or assistance you may need.
In addition to direct communication channels, Eternity Futures is also present on various social networks. You can find and follow them on platforms such as Twitter, Facebook, Instagram, YouTube, and TikTok, where they may provide updates, educational content, or respond to customer queries.
For in-person visits or official correspondence, the company's address is Sahid Sudirman Center Lt.40 Unit B Jl. Jend Sudirman Kav.86 Jakarta Pusat 10220, Indonesia.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Reviews
There are negative reviews and concerns about Eternity Futures. One review mentions false advertising of earning a specific amount within a set timeframe. Another review describes being scammed after investing and not receiving promised commissions. It is advisable to exercise caution and conduct thorough research before engaging with Eternity Futures or any financial service provider.
Conclusion
In conclusion, Eternity Futures is a regulated broker in Indonesia, offering a range of market instruments and trading accounts. They provide customer support through various channels and have a presence on social networks. However, there have been concerns raised regarding false advertising and potential scam-related issues. Traders should exercise caution and conduct thorough research before engaging with Eternity Futures or any financial service provider.
FAQs
Q: Is Eternity Futures a legitimate broker？
A: Yes, Eternity Futures is a regulated entity in Indonesia under the supervision of BAPPEBTI, holding a Retail Forex License.
Q: What market instruments are available for trading with Eternity Futures？
A: Eternity Futures offers Forex, commodities, index futures, Contract For Difference (CFD), and gold trading.
Q: What types of trading accounts does Eternity Futures offer？
A: Eternity Futures provides Standard, Executive, and Ultimate trading accounts, each with different initial deposit requirements and features.
Q: Does Eternity Futures offer a demo account？
A: Yes, Eternity Futures provides a demo account for traders to practice and familiarize themselves with the platform.
Q: What are the available contact methods for Eternity Futures customer support？
A: You can contact Eternity Futures' customer support team through telephone and email. They are also present on social networks.
Q: What are some of the trading tools offered by Eternity Futures？
A: Eternity Futures offers an economic calendar to keep traders informed about upcoming economic events.
Q: Does Eternity Futures provide educational resources？
A: Yes, Eternity Futures offers educational resources such as market news and expert briefings to help traders make informed decisions.
Q: What are the available trading platforms at Eternity Futures？
A: Eternity Futures provides the Pro-iTrader platform, which is compatible with MT4 and offers various features and tools for trading.
Q: Are there any reviews or concerns about Eternity Futures？
A: There are negative reviews mentioning false advertising and scam-related issues. It is recommended to conduct thorough research and exercise caution.
2022-11-25 16:58
2022-11-22 15:36
