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ETO Markets group includes 2 related companies.
ETO Markets AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
ETO Markets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Unfortunately, AU company has been imposed with trading leverage limitations by ASIC since the end of March 2021.
At the same time, SEY company is free from such restrictions.
ETO Markets group accepts clients from all over the world, excluding USA and some OFAC sanctioned countries.
Forex broker offers the following underlying assets for trading.
| 35+ Currency Pairs | Based on major and minor world currencies. |
| 10 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal CFDs | Based on Gold and Silver. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
ETO Markets is an Australian forex broker established all the way back in 2013. The broker is regulated in Australia by the Australian Securities and Investments Commission (ASIC) and internationally by the Seychelles Financial Services Authority (SFSA).
Perhaps most notable about this forex broker is that it really is a forex broker in the literal sense, with the main focus being on trading in forex pairs. In terms of other instruments, the choices are quite limited, with only around 10 stock indices, gold, silver, oil and natural gas available as tradable CFDs.
All trading with ETO Markets happens on either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. Having been around since 2005 and 2010, respectively, these platforms should both be well-known among experienced forex traders. Among other things, they are known for their vast selection of custom trading strategies and indicators, which users can code themselves using the platforms’ own scripting language.
When signing up with ETO Markets, users can choose between four types of trading accounts, depending on their trading style:
– PRO account, with commissions of $7 and spreads from 1 pip
– BASIC account, with no commissions and spreads from 10 pips
– PRIME account, with no commissions and spreads from 17 pips
– STD account, with no commissions and spreads from 17 pips
All of the account types give access to the same leverage of up to 1:500 for traders outside of Australia. Meanwhile, Australian traders can get a maximum leverage of 1:30, in accordance with regulations from ASIC.
The trading accounts can only be denominated in US dollars.
Trading accounts with ETO Markets can be funded with either bank wire transfers in USD, China UnionPay cards, or instant bank transfers in South East Asia using the currencies IDR, MYR or VND. In addition, this broker also accepts crypto deposits with the stablecoin Tether (USDT) over the Tron or Ethereum networks.
The minimum deposit amount for a USDT payment over Tron is as low as $2, while $200 is required for South East Asian internet banking or China UnionPay payments. The broker does not charge any fees for processing deposits, but a fee of $10 is charged for withdrawal requests of less than $100.
The broker promises on its website that all customer funds are held at “Australian AA rating” banks.
In case of any issues during trading or the sign-up process, ETO Markets’ support team can be reached via phone or email. Unfortunately, working hours for the support team are not stated anywhere on the website, which makes us doubt that 24 hour support is available here. There is also no live chat function on the broker’s website, but instead a simple messaging form.
All in all, we believe ETO Markets could have what it takes to cater to forex traders who like the MT4 and MT5 platforms. However, options are limited for those who want to trade other instruments than forex, with for instance no stocks or crypto pairs offered at all. It’s also worth noting that the trading conditions for those trading with the PRO account appear pretty reasonable, while the conditions for the other account types are less attractive with quite large spreads.
