Logo

ETO fraud concerns rise with surge in complaints, Watch Guy scam tracked!

KnowFX
KnowFX
02-26

"ETO Markets' "Watch Brother," a trading champ on FOLLOWME, faces blow-up scrutiny. Investor queries and victim exposures resurface, spotlighting ETO's issues."

Image1

What a shocking revelation! What kind of dubious platform has been thrust into the limelight, attracting widespread condemnation on Weibo? Today, we continue our follow-up on the saga of counterfeit activities on the "Watch Guy's" platform!

ETO Markets

Those familiar with ETO Markets might have heard about the trading scandal involving the "Watch Guy". He is a three-time trading champion on the FOLLOWME platform, managing millions of dollars across global markets. This situation has caught my keen interest!

Recently, investors have inquired about the "Watch Guy's" Weibo posts and the exposure of victims of ETO Markets that resurfaced a few days ago:

Image2

The "Watch Guy" has provided evidence concerning the fraud at ETO Markets. Today, we will explore the timeline to understand the truth behind the continuous scandals of ETO Markets.

What Sparked the Issue: Did ETO Markets' Trading Platform Have a Spread Over 5%?

Image3

Starting October 31, the "Watch Guy" invested $350,000 in trades on the ETO Markets platform. By early November, he held 61.18 leveraged positions in a 5000-ounce contract. The market opened under 22.46, quite dissimilar from the usual opening around 23.7 on other platforms, resulting in a spread over 5% on ETO Markets! Unexpectedly, this abnormal opening price for Silver XAGUSD at 22.4612 led to the "Watch Guy" being margin called instantly. He promptly lodged a complaint, expecting a proactive response from ETO Markets. However, ETO Markets' ensuing chain of scandals began from there!

ETO Markets Denies the Incident, Even Spreading False Information?

This clear case of unusual quoting leading to margin calls received neither any official acknowledgment nor response but was met with blame-shifting instead?

Image4

Image5

The "Watch Guy" demanded compensation for the difference between the closing price and the margin call. ETO MARKETS officially responded, deeming his demand for compensation too high, leading to a stalemate. Left with no choice, he filed a police report, prompting an immediate investigation.

A String of "Coincidences" for ETO Markets' Owner – A "Cross-border Fraud Family"?

Image6

Image7

With identical addresses, ETORO was a former name for ETO, and the ASIC licensed company [ETO GROUP PTY LTD] was formerly known as [ETORO GROUP PTY ITD], making the now-absconded ETORO a predecessor of ETO Markets.

Image8

Furthermore, WEI CHEN, a director at ETO MARKETS LIMITED regulated by Seychelles FSA, shares a "coincidental" common name with TMGM's former owner. Notably, ETO Markets and Dupont have identical registered addresses.

Image9

The broker eToro and ETO Markets have identical license addresses and numbers, raising understandable suspicions.

Image10

The platforms ETORO, TMGM, Dupont, and eToro, all facing massive customer complaints for fleeing with donations, share mysteriously identical back-end details – too much to be mere coincidence. This includes the revelation from the "Watch Guy" in December 2023 on a short video platform.

Image11

Continuous Scandals Reveal Endless Customer Complaints Against ETO Markets?

Following the "Watch Guy's" exposure of ETO Markets' malpractices, a surge of victims came forward, demanding the exposure of ETO Markets' fraudulent schemes, all indicating sudden data irregularities.

Image12

Image13

What's Worse, Investors Exposed Shocking Statements: ETO Doesn't Allow Customers to Make Money!

Image14

Image15

Following these shocking revelations, ETO swiftly fled from the domestic market, leaving a plethora of investors unable to withdraw their funds. Agents and staff, unable to shelter themselves, began shifting blame or outright blocking investors to dodge accountability.

Image16

Currently, the standoff between the "Watch Guy" and ETO, along with ETO's announcement of exiting the domestic market, has caught the attention of many. The victims are raising their voices, leading to a significant increase in platform complaints and exposures.

Image17

With a large number of investors unable to withdraw their funds, ETO continues to utilize their hard-earned money for expansion. I still hear of new investors inquiring about ETO. Investors should not blindly trust any broker platform. I advise checking platform evaluations and feedback from fellow investors. I will continue to update on new fraudulent schemes exposed by our community and keep a close eye on the "Watch Guy" incident and subsequent disclosures from investors unable to withdraw their funds.

I hope our community can avoid the risk of fraud. If you have any brokers you wish to expose or follow up on, please feel free to contact me and the exchange platform. Let's share information and support each other in seeking justice!

風險提示及免責條款

市場有風險,投資需謹慎。本文不構成個人投資建議,也未考慮到個別用戶特殊的投資目標、財務狀況或需要。用戶應考慮本文中的任何意見、觀點或結論是否符合其特定狀況。據此投資,責任自負。

全文完

相關百科

Spread

"Spread" refers to the difference between the buying and selling prices in financial markets. It's commonly used to measure market liquidity, with a smaller spread indicating more active and liquid markets.

相關企業

風險提示

交易圓百科是一家金融領域百科媒體,所展示的信息來自公開網絡或用戶上傳,交易圓百科不推薦任何交易平臺或品種。對於因信息使用導致的交易糾紛或損失,交易圓百科概不承擔責任。請註意,展示的信息可能有滯後性,用戶應獨立核實以確保信息准確性。

Logo

Contact Us

Social Media

footer1