ETO Markets Forex Review

Read our full ETO Markets review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased ETO Markets opinion allows our readers to decide whether ETO Markets is a reliable broker.

ETO Markets Forex Broker History

ETO Markets was launched in Australia and is a very experienced broker, as it has been around for years. The broker operates as a group of entities and mainly targets the Seychelles offshore and Australian jurisdictions. The website is very responsive and modern-looking, and automatically redirects to your jurisdiction broker website, which is flexible. The broker offers diverse account types, and traders can access various markets for low spreads, which makes this broker affordable.

Since its inception, ETO Markets has provided access to advanced trading platforms, which is crucial. The broker also provides some educational resources and enables a good support experience through its advanced live chat plugin. The website is mobile-friendly, and so are trading platforms.

ETO Markets broker safety

Safety is critical in online financial trading, and ETO Markets is well prepared as it holds two licenses. Here is the list of regulatory licenses:

• Australian Securities & Investments Commission
• Financial Services Authority, Seychelles

This is very important for the broker’s safety and legitimacy. With two licenses, the ASIC is very reputable and hardly ever lets scams go without notice, meaning ETO Markets is a legit Forex and CFDs broker.

ETO Markets employs segregated bank accounts to keep client money separate from its own operational funds, which is a critical safety policy.

All retail client accounts are protected using negative balance protection, meaning traders can never go into the negative, and all losses beyond the trader’s initial investment are set to zero.

ETO Markets Broker Review of Accounts

ETO Markets provides traders with diverse choices when it comes to trading account types. The broker offers Pro, Prime, Basic, and STD trading account types. Each account has different spreads and commissions. Let’s evaluate them to see how competitive the broker actually is.

ETO Markets Pro Account

The pro account is the broker’s ECN account where traders can get the lowest spreads from 0.0 pips. The minimum deposit is 100 USD, which is competitive for this type of account. The maximum leverage is up to 1:500, which is plenty to control large trading positions. However, there are commissions charged of 3.5 dollars per side per lot for this 0 pip trading. The minimum lot size starts from 0.01 lots, which is flexible.

ETO Markets Basic Account

The basic account is an entry-level account without commissions. The spreads are from 1 pip on major FX pairs, which is competitive for standard accounts. The leverage is also capped at 500:1 on this account, and the minimum lot size starts from 0.01 lots. This account is for general FX trading and can be used for a variety of strategies, except for scalping methods, for which the pro account is more suitable due to lower spreads. The minimum deposit is also $100 on this account.

ETO Markets Prime Account

The Prime trading account actually has worse trading conditions than the basic account, as it has a spread of 1.7 pips, which is expensive. The minimum deposit is $100 here as well, which is high for such expensive spreads. The minimum lot size is 0.01 lots, and the maximum leverage is up to 1:500. So, almost all specs are similar to basic accounts except for high spreads, making this a worse offering than the previous two trading accounts.

ETO Markets STD Account

The STD trading account is yet another commission-free offering from ETO Markets. However, spreads are also high here, from 1.7 pips, which is also expensive. Similarly to the prime account, the STD account has 1:500 maximum leverage, $100 minimum deposit, and 0.01 lots minimum lot size.

Overall, ETO Markets is a competitive broker as it offers both low spreads with commissions and commission-free accounts with competitive spreads.

ETO Markets instruments

When it comes to trading assets, ETO Markets offers access to diverse instruments in Forex, commodities, indices, cryptos, and even stocks. Most of these instruments are CFDs, and traders can immediately buy and sell cryptos as well as stocks, which is flexible. The leverage is high and spreads are low for two accounts, making ETO Markets a competitive broker.

ETO Markets Reviews of Trading Platforms

ETO Markets trading platforms are advanced MetaTrader 4 and 5. Both of these software enable advanced trading tools and support custom indicators and Expert Advisors. The broker allows traders to use any of those tools, which is very important. There are some services, such as copy trading, available via these platforms that can be used automatically. Mobile trading is provided via the MT5 mobile app, which is accessible on both iOS and Android systems.

ETO Markets Forex Review of Extra Features

The broker offers some extra features such as education and social trading. The social trading services allow traders to replicate successful traders’ performance. In education, traders can access webinars and trading blogs as well as platform tutorials to learn how to use MT4 and 5 advanced software.

ETO Markets Reviews of Customer Support

ETO Markets offers several channels when it comes to the customer support experience. There are live chat, email, and phone support options provided. Live chat is provided via an advanced plugin, and traders can directly contact the broker representatives from the website.

Both the website and support options are multilingual.

ETO Markets Deposit and Withdrawal

Funding methods are various at ETO Markets, including popular payment methods such as bank wires, UnionPay, SEA instant payments, and SEA internet banking, all in multiple currencies. Both deposits and withdrawals are fee-free. Deposits are instant, and withdrawals are processed the same day when requested during working hours.

ETO Markets Review Conclusion – Can you trust ETO Markets?

ETO Markets is a dual-regulated broker (ASIC Australia and FSA Seychelles) offering competitive trading conditions, advanced trading software (MT4 and MT5), and a wide asset range. With negative balance protection, same-day withdrawals, and multilingual support options, it suits both beginners and professionals. However, the prime and STD accounts are less cost-effective due to high spreads.

FAQs on ETO Markets

Is ETO Markets a scam?

The ETO Markets scam is highly unlikely as the broker is well-regulated by the FSA and ASIC, which makes it legit and reliable.

What is the ETO Markets minimum deposit?

The minimum deposit is $100 across all account types.

Is ETO Markets a cheap broker?

Yes, ETO Markets offers two accounts with competitive conditions where traders can access markets cheaply.