ETO Markets is a forex broker that was registered in Australia on February 14, 2012. It primarily offers financial trading services in forex, precious metals, energy, and indices. In addition, the company also provides trading opportunities for different market indices, offering investors a wider range of choices and flexible trading strategies.
Corporate Background and Regulatory Status
As a forex broker, ETO Markets' domain was registered on August 31, 2022. Its registered business entity in Australia is ETO GROUP PTY LTD, formerly known as ETORO GROUP PTY LTD, with its registered address at CHATSWOOD NSW 2067, and the ABN number is 66 155 680 890. The entity has two trading names: ETO Markets and ETO Prime. ETO GROUP PTY LTD is authorized and regulated by the Australian Securities and Investments Commission (ASIC), with the authorization date being February 1, 2013, and the AFSL number is 420224.
ETO Markets has also registered a business entity in Seychelles, named ETO Markets Limited, with its registered address at F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, and the business registration number is 850672-1. This entity is authorized and regulated by the Seychelles Financial Services Authority (FSA), with the license number being SD062.
Account Registration
To open an account with ETO Markets, one needs to register an account on its official website and log in, then fill in personal basic information as well as choose the trading platform and account type, and upload identity and address proof documents. After submission and verification, the account opening process will be successful.
Account Types and Leverage Spreads
ETO Markets offers users four different types of trading accounts: PRO, BASIC, PRIME, STD. The minimum deposit for these four trading accounts is $100, the minimum trading size is 0.01 lots, the maximum trading leverage is 1:500, and the stop-out level is set at 50%.
However, they differ in the following ways:
The PRO account offers spreads starting from 0 pips, and charges a commission of $3.5 per standard lot traded.
The BASIC account offers spreads starting from 1 pip, without charging any commission.
The PRIME account offers spreads starting from 1.7 pips, without charging any commission.
The STD account offers spreads starting from 1.7 pips, while the spread for the XAU/USD trading pair starts from 2.9 pips. This account also does not charge any commission.
Trading Platforms
ETO Markets provides its users with the MT4 and MT5 trading platforms, including web, PC, and mobile versions. Additionally, the entity providing servers on the MT4 and MT5 platforms is ETO Markets Limited, registered in Seychelles.
Deposit and Withdrawal Methods
ETO Markets currently supports deposit methods including bank wire transfer (USD), China UnionPay (CNY), SEA instant payment (IDR, MYR, THB, VND), and Southeast Asia online banking (IDR, MYR, VND). To withdraw, users need to log in to the ETO Markets portal, select "My Account", then click "My Withdrawal" and submit a withdrawal request.
Minimum deposit amount for each transaction:
- UnionPay: $200
- USDT transfer (TRC20): $2
- USDT transfer (ERC20): $80
- Southeast Asia instant payment: $100
- Southeast Asia online banking: $200
Minimum withdrawal amount for each transaction:
- UnionPay: $0
- USDT transfer (TRC20): $100
- USDT transfer (ERC20): $100
- Southeast Asia instant payment: $0
- Southeast Asia online banking: $0
Deposit and withdrawal fees:
All supported payment methods of ETO Markets require no fees for deposits. For withdrawals,
- UnionPay: withdrawals ≥$100 are free of charge (each withdrawal below $100 requires a fee of $10)
- USDT transfer: withdrawals ≥100 USDT are free of charge. (withdrawals below 100USDT are not accepted)
- Southeast Asia instant payment: withdrawals ≥$100 are free of charge (each withdrawal below $100 requires a fee of $10)
- Southeast Asia online banking: withdrawals ≥$100 are free of charge (each withdrawal below $100 requires a fee of $10)
Customer Support
ETO Markets' official website supports multiple languages including English, Simplified Chinese, Traditional Chinese, French, Vietnamese, Indonesian, Korean, Thai, and Malay. It supports various contact channels, and users can contact ETO Markets for customer support services via phone +248 4374772 or email info@eto.group. Furthermore, investors can also contact customer managers in real-time chat through the website interface to participate in ETO Markets' IB program.
Conclusion:
ETO Markets was established on February 14, 2012, and is a forex broker headquartered in Australia. It provides a variety of financial trading services including forex, precious metals, energy, and indices to meet the diverse needs of investors. The company is registered in both Australia and Seychelles and is regulated by the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA). ETO Markets offers a selection of account types and trading platforms, supports various deposit and withdrawal methods, and provides multilingual customer support services. It is important to note that the entity providing services on the MT4 and MT5 trading platforms is ETO Markets Limited regulated by the Financial Services Authority (FSA) of Seychelles, and not ETO GROUP PTY LTD, which is regulated by the Australian Securities and Investments Commission (ASIC). Therefore, before choosing a trading platform and making investments, investors should clearly understand the regulatory status and related risks of the chosen company.
Currently, ETO Markets is marked as 'Active' on TraderKnows.
