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Eternity

Operating status: SCAM

Website: https://eternityfutures.co.id/

Broker violations and abnormal records
  • Jul 13, 2022 BrokersView has Reviewed that Eternity is an Unregulated Forex Broker

    Eternity is not a reliable broker for traders even though it states offers that look good to be true. Eternity claims it was established in 2003 and it has now developed into one of the best futures brokerage companies in Indonesia that provide facilities and services for trading forex, index, and commodity products with competitive spreads. But when we checked its domain, we found it was created in 2018. So how could it start its business in 2018? It is a red flag here.

    Besides, Eternity claims to be authorized and regulated by several authorities, including:

    1) The Indonesia Commodity Futures Trading Regulatory Agency (BAPPEBTI);

    2) The Indonesia Commodity & Derivatives Exchange (ICDX);

    3) The Jakarta Futures Exchange (JFX);

    4) The Indonesia Clearing House (ICH).

    However, none of the above authorities issues licenses for forex trading or regulates entities offering forex services and products.

    That means Eternity is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Eternity is not a reliable broker for traders even though it states offers that look good to be true. Eternity claims it was established in 2003 and it has now developed into one of the best futures brokerage companies in Indonesia that provide facilities and services for trading forex, index, and commodity products with competitive spreads. But when we checked its domain, we found it was created in 2018. So how could it start its business in 2018? It is a red flag here.Besides, Eternity claims to be authorized and regulated by several authorities, including:1) The Indonesia Commodity Futures Trading Regulatory Agency (BAPPEBTI);2) The Indonesia Commodity & Derivatives Exchange (ICDX);3) The Jakarta Futures Exchange (JFX);4) The Indonesia Clearing House (ICH).However, none of the above authorities issues licenses for forex trading or regulates entities offering forex services and products.That means Eternity is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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