Etor FX Trading Review : Fees, Pros and Cons, Reviews by Real Traders

Etor FX Trading

Operating status: SCAM

Website: https://www.etorfxtrading.com/

Broker violations and abnormal records

Jul 20, 2023 The UK FCA issued a warning against Etor FX Trading
On July 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Etor FX Trading, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/etor-fx-trading

On July 21, 2023, the Financial Conduct Authority (FCA) issued a warning against Etor FX Trading, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/etor-fx-trading
Jul 23, 2023 BrokersView has reviewed that Etor FX Trading is an unregulated broker
Etor FX Trading claims to be multi-regulated by various governing bodies, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Sector Conduct Authority (FSCA), the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for the company on the registers of the aforementioned watchdogs couldn't find any corresponding records, suggesting that its assertion is false.
Furthermore, Etor FX Trading claims to be registered in the US. According to the US law, Etor FX Trading is required to be a member of the National Futures Association (NFA). However, no data matching the company in the NFA registry.
In addition, the FCA has added Etor FX Trading to its warning list, cautioning investors of this unauthorized firm.
In essence, Etor FX Trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Etor FX Trading claims to be multi-regulated by various governing bodies, such as the Mauritius Financial Services Commission (Mauritius FSC), the Financial Sector Conduct Authority (FSCA), the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for the company on the registers of the aforementioned watchdogs couldn't find any corresponding records, suggesting that its assertion is false.Furthermore, Etor FX Trading claims to be registered in the US. According to the US law, Etor FX Trading is required to be a member of the National Futures Association (NFA). However, no data matching the company in the NFA registry.In addition, the FCA has added Etor FX Trading to its warning list, cautioning investors of this unauthorized firm.In essence, Etor FX Trading is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally 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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.