Etere bit is a forex broker registered on March 4, 2024. The broker primarily offers a wide range of trading markets, including forex, metals, commodities, indices, and more through its proprietary trading platform. It does not operate in countries like the USA, Iran, or North Korea.
Company Registration Information and Regulatory Status:
According to publicly available information on Etere bit’s official website, its corporate entity is Etere bit Limited. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Etere bit is also a registered member of The Financial Commission.
Moreover, the broker's website shows its UK-registered entity as Y&C FINANCIAL INVESTMENT CO., LTD, with a registration number of 15172116. Y&C FINANCIAL INVESTMENT CO., LTD is registered with the Financial Crimes Enforcement Network (FinCEN) and the National Futures Association (NFA) in the USA, with MSB number 31000254808319 and NFA ID 0559240.
Upon verification, ASIC's website shows that license 296805 belongs to DLS MARKETS (AUST) PTY LTD, and VFSC's website shows that the entity with license number 700455 is DLS MARKETS LIMITED. Additionally, The Financial Commission did not show any registered member named Etere bit. The information regarding Y&C FINANCIAL INVESTMENT CO., LTD on Etere bit’s website has been copied from another fraudulent broker's site https://www.ycsa7.com.
Furthermore, the "terms and conditions" documents provided on the broker's website are merely icons that cannot be opened.
Thus, Etere bit is essentially a scam broker website with no corporate entity or regulatory oversight.
Trading Instruments:
Etere bit offers various trading products, including forex, indices, metals, commodities, and stock CFDs.
- Forex: Forex trading involves exchanging different currencies, known for high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, one can find diverse trading opportunities and use high leverage to enhance potential returns.
- Commodities: Commodity trading covers key global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Precious Metals: Trading precious metals involves buying and selling gold, silver, platinum, and palladium in financial markets. Their scarcity and industrial use often make them a store of value and a hedge against inflation.
- Stocks: Stock CFDs allow traders to speculate on the price movements of individual stocks without owning the underlying shares. These products let traders profit from stock price movements without holding the actual asset.
Account Opening:
Etere bit account opening: Visit the broker's official website, click on "Open Account" to enter the registration page, fill in your email address and set a login password. After submission, the account will be successfully registered. You need to complete full KYC verification before making deposits or trades.
Account Types:
Etere bit offers two types of live trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum Deposit: $200
- Spread: From 1.0 pips
- Maximum Leverage: 1:500
- Trading Commission: None
ECN ACCOUNT
- Minimum Deposit: $200
- Spread: From 0 pips
- Maximum Leverage: 1:500
- Trading Commission: $6 per round trip
Trading Platform:
Etere bit claims to offer the MT4 trading platform, but it actually uses a proprietary platform. MT4 does not list this broker.
Deposits and Withdrawals:
Etere bit supports deposits and withdrawals via credit/debit cards, e-wallets, and bank wire transfers.
Conclusion:
Traderknows reminds investors that Etere bit is actually a scam broker website with no company entity or regulation, and the website does not provide any contact information. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
