ETERNITY GLOBAL-Overview of Minimum Deposit, Leverage, Spreads

Note: For some unknown reason, we cannot open ETERNITY GLOBALs official site (https://www.enjoytradingx.com/english/index.html) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

ETERNITY GLOBAL, a trading name of ETERNITY GLOBAL LIMITED, is allegedly a forex and CFD broker registered in Vanuatu that claims to provide its clients with a wide range of tradable financial instruments with leverage capped at 400:1 and variable spreads from 0 pips on the leading MetaTrader4 trading platform, as well as a choice of two different live account types.

As for regulation, it has been verified that ETERNITY GLOBAL does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.35/10. Please be aware of the risk.

Market Instruments

ETERNITY GLOBAL advertises that it offers access to a wide variety of trading instruments in financial markets, including over 70 currency pairs, and CFDs on 11 major indices like the S&P 500 stock index, the Dow Jones 30, Britain‘s FTSE 100, Germany’s DAX30, and Hong Kongs Hang Seng, crude oil, silver and gold.

Account Types

ETERNITY GLOBAL claims to offer two types of trading accounts, namely Standard and Pro. The minimum initial deposit amount is $200 for the Standard account, while the Pro account has a much higher minimum initial capital requirement of $20,000. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The leverage offered by ETERNITY GLOBAL is capped at 400:1, which is much higher than that provided by most brokers. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

ETERNITY GLOBAL claims that different account types can enjoy quite different spreads and commissions. Specifically, the Standard account clients have spread from 1.6 pips with $0 commission, while the Pro account holders have spread from 0 pips with a $7 commission per round trade.

Trading Platform Available

The platform available for trading at ETERNITY GLOBAL is the worlds most widely-used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

ETERNITY GLOBAL says to accept payments with credit cards, wire transfers, China Union Pay (CUP), Skrill, POLi and Neteller, but we were not able to confirm this due to its broken links. The minimum initial deposit requirement is said to be $200, while there is no mention of what the minimum withdrawal amount is. Withdrawals are done by means of the same methods used for depositing. There seem to be no withdrawal fees anywhere. The broker states that “all credit card withdrawals will be completed only after 60 days of the withdraw request”.

Customer Support

ETERNITY GLOBALs customer support can be reached by telephone: +614 0636 3133, email: info@enjoytradingx.com. Company address: LAW PARTNERS HOUSE, KUMUL HIGHWAY, PORY VILA, Vanuatu.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.