Eterwealth is a brokerage firm that offers trading services in forex, precious metals, energy, and indices for investors. The official website of Eterwealth is https://eterwealth.com/, and the site supports only the English language. According to the Whois query, the domain name for the company's official website was registered on December 16, 2021, and it has been just over 2 years since the registration.
Company Background:
Information on the official website indicates that the company is registered and established in Saint Vincent and the Grenadines. The results from the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) website confirm that the company's registration information is genuine. The Whois query for the domain name of the official website also shows that the domain was registered just over 2 years ago.
Additionally, Eterwealth's official website indicates that its affiliated company, ETERWEALTH PTY LIMITED, is registered and established in Australia. The results from the Australian Securities and Investments Commission (ASIC) website confirm the authenticity of this registration information. However, the Australian Business Register (ABN Lookup) website did not provide any relevant information about the company, indicating that the company does not hold an Australian Business Number (ABN), which may pose tax risks or restrictions on conducting business in Australia.
Account Registration:
Eterwealth's official website provides a registration link for investors to create real trading accounts. The registration process for a real account involves clicking on the "SIGN IN" button at the top right of the website or the "JOIN NOW" button on the homepage. Users are then required to fill in information such as name, email, username, phone number, country, password, etc., to complete real account registration. However, the official website does not provide a registration link for demo accounts.
Account Types:
Eterwealth offers three different types of trading accounts: CLASSIC, VIP, and STANDARD. However, the website only provides differences between these accounts in terms of spreads, commissions, and overnight interest.
Trading Products:
The company provides trading services for forex, precious metals, energy, and indices. However, the official website only lists specific trading products covering forex, precious metals, energy, and indices and does not provide key information such as spreads, commissions, overnight interest, margin ratios, and trading hours for these products.
Margin Ratios:
Eterwealth's website does not provide information on the margin ratios for different account types or specific trading products in forex, precious metals, energy, and indices.
Trading Hours:
The official website does not provide information on the trading hours for specific trading products in forex, precious metals, energy, and indices.
Deposits and Withdrawals:
Eterwealth's website does not provide information on supported deposit and withdrawal methods, channels, currencies, fees, and deposit/withdrawal times.
Trading Software:
Eterwealth's website indicates that the company provides MetaTrader5 (MT5) trading software, which supports desktop versions (Windows/MacOS) and mobile versions (IOS/Android). However, there may be issues with downloading and installing the Android version of the MT5 software in certain countries or regions.
Regulatory Information:
Eterwealth's website indicates that the company is regulated or authorized by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) and the National Futures Association (NFA) in the United States. However, the SVGFSA does not regulate, monitor, authorize, or license business companies (BC) engaged in forex trading or brokerage. The NFA website shows that the company is not a registered member of the NFA and is not regulated or authorized by the NFA.
Additionally, the website indicates that its affiliated company, ETERWEALTH PTY LIMITED, holds an Authorized Representative (AR) license from MGF CAPITAL PTY LTD (421246). Although the results from the ASIC website confirm the authenticity of this AR license information, the regulatory and investor protection standards of the AR license are relatively weak. Importantly, MGF CAPITAL PTY LTD has sold AR licenses to ETERWEALTH PTY LIMITED and over 20 similar companies. These companies have no relationship with MGF CAPITAL PTY LTD and are only using the AR licenses purchased from MGF CAPITAL PTY LTD for promotion, raising suspicions of fraud.
Conclusion:
Eterwealth raises suspicions of potential fraud. While the query results show that Eterwealth and its affiliated company ETERWEALTH PTY LIMITED have genuine registration information, the regulatory information provided on Eterwealth's official website regarding SVGFSA and NFA is false. SVGFSA does not regulate companies engaged in forex trading or brokerage, and the NFA website shows that the company is not registered with the NFA.
Additionally, although Eterwealth's affiliated company ETERWEALTH PTY LIMITED holds an AR license from MGF CAPITAL PTY LTD (421246), the regulatory and investor protection standards of this AR license are weak. Importantly, MGF CAPITAL PTY LTD has sold AR licenses to ETERWEALTH PTY LIMITED and over 20 similar companies, indicating potential fraudulent activities.
Based on these observations, there are concerns about potential fraud, and investors are advised to exercise caution when considering the services of this company. TraderKnows reminds you to be vigilant about the safety of your assets and to avoid falling into fraudulent traps.
