ETO Markets Forex broker review — Everything you need to know

Minimum deposit

$100

Bonus

Maximum leverage

1:500

Year founded

Unknown

Regulation

Seychelles FSA, ASIC Australia

Trading platform

MT4, MT5

The ETO Markets website is owned and operated by the company ETO Markets Limited, which is a Forex and CFDs broker based in Seychelles. As an offshore broker, ETO Markets offers several account types, high leverage, and access to diverse markets.

In this unbiased review of ETO Markets, we will measure the broker’s level of safety, competitiveness of services, and whether you can trust them with your hard-earned money as the main FX broker.

ETO Markets Overview of the website

ETO Markets’ website is very simple yet modern in design. Despite its simplistic design, the broker offers full details about account types and conditions like spreads, minimum deposits, leverage, and commissions. This is a very professional approach and allows traders to check details before opening an account. However, there is no dedicated button for accounts and deposits withdrawals, and traders need to scroll down the main page to discover details.

There is a live chat plugin built into the website directly, which is very flexible and responsive.

The ETO Markets website is user-friendly and mobile-friendly as well, which is crucial in online financial trading. Depending on the user’s location, the website automatically redirects to either the FSA jurisdiction website or the website designed for Australian traders and all traders who fall under the ASIC jurisdiction.

Overall, the website of ETO Markets is excellent in design and functionality, but it would be better if the broker added a menu item for account types and deposits, and withdrawals for maximum comfort.

Safety and security of ETO Markets

ETO Markets is a regulated Forex and CFD broker that is overseen by the Australian ASIC and the Seychelles FSA. As a regulated broker, ETO Markets keeps trader funds in segregated bank accounts. There is also a negative balance protection for retail clients, which is a crucial policy. As the broker holds two licenses of which is from a highly reputable regulatory body, we can assume that it is not a scam and is a legit broker.

ETO Markets Accounts Reviewed

ETO Markets accounts are diverse, and traders can choose between ultra-low-spread accounts with commission or commission-free trading but pay spreads. These accounts are Pro, Prime, Basic, and STD. To evaluate how competitive these conditions are, let’s briefly overview each of the account types and their specs below.

ETO Markets Pro Account

The pro account by ETO Markets is dedicated to scalping as it has spreads from 0.01 pips, which is super competitive. Here are its main specs:

Minimum deposit – 100 USD
Maximum leverage – 1:500
Spreads from – 0.0 pips
Commissions – 3.5 USD per side per lot
Minimum lot size – 0.0 lots

As we can see, this account has premium conditions and is suited for scalpers who want to trade on lower timeframes below 15 minutes.

ETO Markets Basic Account

The basic account is ETO Markets’ standard account that offers commission-free trading with the following specs:

Minimum deposit – 100 USD
Maximum leverage – 1:500
Spreads from – 1 pip
Commissions – 0 USD
Minimum lot size – 0.01 lots

As we can see, this account is for general trading purposes and has very competitive spreads while charging no commissions. This is suitable for day traders like swing traders and trend traders.

ETO Markets Prime Account

The Prime trading account is similar to a basic account but has higher spreads. Here are its main specs:

Minimum deposit – 100 USD
Maximum leverage – 1:500
Spreads from – 1.7 pips
Commissions – 0 USD
Minimum lot size – 0.01 lots

This account is not competitive as it has expensive spreads, and there is a cheaper alternative with lower spreads.

ETO Markets STD Account

The STD account is more expensive and has the following specs:

Minimum deposit – 100 USD
Maximum leverage – 1:500
Spreads from – 1.7 pips
Commissions – 0 USD
Minimum lot size – 0.01 lots

As we can see, the broker offers two less attractive accounts and two very competitive accounts with low spreads and low commissions. There is no reason why a trader would select any of the latter two accounts when both pro and basic accounts offer the absolute best conditions.

Deposit and withdrawal options at ETO Markets

The broker supports many different payment methods such as: bank Wire Transfers (USD), China Union Pay (CNY), SEA Instant Payment (IDR, MYR, THB, VND), and SEA Internet Banking (IDR, MYR, VND). These methods can be used for both deposits and withdrawals. ETO Markets promises to process withdrawals on the same day for applications made before 3 am GMT during weekdays will be processed on the same day, and applications made after 3 am GMT will be processed on the next business day. Both deposits and withdrawals are fee-free, which is very competitive and flexible.

ETO Markets Assets — What can you trade?

ETO Markets asset offerings are also diverse and include Forex pairs, commodities, indices, cryptos, and stock CFDs. From commodities, traders can access metals and energies, but agricultural products are not provided. Stocks are available as CFDs as well as many other instruments in other asset classes, enabling fast trading execution. The maximum leverage of 1:500 is more than enough to allow traders to speculate with large trading positions, 500 times their account balance, which is very attractive for experienced FX traders. Spreads and commissions on most accounts are very cheap and enable cost-efficient strategies.

Trading platforms of ETO Markets

ETO Markets provides access to the two most popular advanced trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both of these platforms allow traders to deploy custom indicators and Expert Advisors, or EAs, for automatic trading. The broker allows traders to use both of these tools, which is very flexible. There are also PAMM and social trading features available using these platforms and enabling traders to replicate successful traders’ performance.

Mobile trading is available mainly via the MT5 mobile trading app, which is accessible on both iOS and Android devices, like smartphones and tablets. The website is also mobile-friendly, which is crucial in the modern trading landscape.

Education at ETO Markets

Education of ETO Markets is provided using webinars, trading guides, and trading blogs. The guides mainly offer tutorials for the trading platform, MT4, which is useful. For financial trading education, traders will have to sign up for webinars, and there are many posts offered on various important trading topics.

ETO Markets Customer Support

ETO Markets customer support experience consists of live chat, email, and phone support options. The live chat is built into the website and offers immediate assistance to traders, which is crucial. The phone support availability is also a very positive sign.

The website of the broker, as well as support, are available in a plethora of languages, which makes ETO Markets a multilingual broker.

ETO Markets bonuses and promotions

The broker does not currently provide any promotions or deposit bonuses. There are no trading contests, deposit bonuses, or welcome bonus offers available, which is a downside. The broker also lacks extra features, but there are social trading and PAMM account services.

Is ETO Markets your broker? Final verdict

ETO Markets is a competitive offshore broker offering access to advanced trading platforms (MT4 and MT5), a good selection of different asset classes, and low-cost trading on select accounts. With same-day withdrawals, multilingual support, and access to social trading, the broker is attractive for both beginners and seasoned traders.