Heard of Etherealfxpro.com trading platform? Really want to find more details? Read Ethereal Fx Pro reviews to know why you should not fall for this broker scam.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
Overview of Ethereal Fx Pro
Ethereal Fx Pro is an offshore brokerage with a lot of promises for forex traders. The forex company promises different instruments like forex, stocks, commodities, crypto, bonds and indices.
Ethereal Fx Pro Regulation
First thing first, Ethereal FX Pro claims jurisdictions from different regulators. Upon thorough investigation, it has become evident that this broker is not regulated by the relevant authorities, including the Financial Markets Authority (FMA) in New Zealand and the Australian Securities and Investments Commission (ASIC) in Australia.
Obviously, the Financial Conduct Authority (FCA) in UK explicitly warns that Etherealfxpro.com is an unauthorized entity providing financial services.
It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Ethereal FX Pro Minimum Deposit
Ethereal FX Pro offers different trading account for clients such as Standard, Pro and Elite. The broker specifies its minimum deposit $5000 based on the account type.
In contrast, licensed FX brokers clearly spell out their regulations and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
Ethereal FX Pro Payment Methods
Ethereal FX Pro accepts payment via cryptocurrencies only.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Ethereal FX Pro Software
Ethereal FX Pro may offer advanced trading software like the MetaTrader5 desktop platform, it is crucial to remember that this doesn’t compensate for the absence of a legitimate forex license.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
Ethereal FX Pro Withdrawal
Ethereal FX Pro asserts that all withdrawal requests will be processed within 1-2 business days upon receipt, and withdrawals are free of charge.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.
Having said that, it is not far from believing that Ethereal FX Pro is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
Please share with us your experience in the comment section below. Thank you!