Etrans Review: Revoked ASIC Licence and Repeated Withdrawal Complaints

Etrans, operated by E-TRANS Group Pty. Ltd., presents itself as an Australia-based provider of international transfers and forex services. Its profile traces the business back to 2000, but that longevity is undercut by two hard signals in the record: a revoked ASIC licence and a WikiFX score of 1.77. This review explains what the data confirms and what traders should verify before depositing any funds.

Contents

01

Basic Information

02

Regulatory Status

03

Withdrawal Complaints

04

Final Thoughts

Basic Information

According to the platform profile, Etrans was established in 2000 in Australia and focuses on international transfers and forex, with its official website at etrans.com.au. Beyond that, the profile provides limited detail on trading conditions and account terms, which is itself a reason to proceed carefully rather than treat it as a full-service, fully documented broker.

Regulatory Status

The regulatory picture is the clearest warning in the record. WikiFX's regulatory data lists an ASIC (Australia) licence under E-TRANS GROUP PTY LTD with licence number 439303, and it is marked revoked. The platform profile also references a New Zealand FSPR registration shown as revoked and describes the company as not regulated. In short, no active regulatory licence is confirmed in the available data, so clients do not currently appear to hold the protection of a live ASIC or FSPR authorisation.

Withdrawal Complaints

The complaints recorded for this platform are concentrated in Taiwan and follow a consistent pattern around withdrawals. According to one complaint, a user was invited to apply for VIP status and deposited US$3,000 to unlock the account. The user says the bank details entered were correct, but was later told the withdrawal failed because of a wrong account number and was asked to pay another US$5,000 to unfreeze the account within three days.

Screenshot submitted by the user with the complaint (2021-10)

A separate complaint describes a similar escalation. According to the user, after a withdrawal request was approved, they were told the company's account needed a US$40,000 confirmation deposit through a money lender, with the company supposedly covering US$20,000 of it within 72 hours. Across these accounts, withdrawals keep triggering new fee demands while funds stay stuck, which is a pattern traders should treat as a red flag rather than a routine delay.

Final Thoughts

Taken together, a revoked ASIC licence and a consistent stream of withdrawal complaints make Etrans a high-risk name on current evidence, and the 1.77 WikiFX score reflects those signals. A long operating history does not offset an absent or revoked licence when the practical question is whether your money can come back out.

Before depositing, verify the current regulatory status yourself, start with a small amount and test a withdrawal early, and check the live score and latest complaints on the WikiFX App before committing further funds.

Finally, WikiFX would like to remind everyone that before using any US stock, futures, or forex brokers, remember to check the platform's regulatory information, trading environment, field inspection reports, user reviews, and overall rating on the WikiFX App. This will help you effectively avoid problematic scam platforms and rogue brokers, safeguarding your capital.