ETESIAN Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-12 21:25

Abstract：ETESIAN is a broker previously regulated by ASIC but has now withdrawn its regulation. 　　ETESIAN provides various trading instruments including derivatives, stocks, currencies (Forex), commodities, and bonds, and four trading accounts, such as individual, joint, trust, and corporate Accounts. Traders can trade through the MT4 platform. 　　In addition, ETESIAN has clear fee requirements. The spread range of major currency pairs is 0.1 to 0.5 pips, and the commission is $1-$5. In addition, an idle fee of $10 is required. Pros and Cons

ETESIAN Review Summary
Founded	5-10 years
Registered Country/Region	Australia
Regulation	Unregulated
Market Instruments	Derivatives, Stocks, Currencies (Forex), Commodities, Bonds
Demo Account	Not mentioned
Leverage	Up to 1:100
Spread	Starting from 0.1 pips
Trading Platform	MT4(Windows)
Min Deposit	$50000
Customer Support	Phone:4000037252
Customer Support	Email:etesian@tahjnmc.com

ETESIAN Information

　　ETESIAN is a broker previously regulated by ASIC but has now withdrawn its regulation.

　　ETESIAN provides various trading instruments including derivatives, stocks, currencies (Forex), commodities, and bonds, and four trading accounts, such as individual, joint, trust, and corporate Accounts. Traders can trade through the MT4 platform.

　　In addition, ETESIAN has clear fee requirements. The spread range of major currency pairs is 0.1 to 0.5 pips, and the commission is $1-$5. In addition, an idle fee of $10 is required.

Pros and Cons

Pros	Cons
MT4 available	Unregulated
Multi-trading instruments： Stocks, Currencies (Forex), etc.	High deposit: $50000
Spread as low as 0.1 pips	Commission required($1-$5)
Rich tools: Video tutorials, webinars, live seminars, written guides, e-books	Additional withdrawal fees: $5-$25
Various trading accounts: Individual, Joint, Trust, and Corporate Accounts	Idle fee: $10
Popular payment methods: wire transfer, bank transfer, PayPal, Skrill, and Neteller

Is ETESIAN Legit?

　　Even though ETESIAN was previously regulated by the authoritative agency ASIC, it is revoked now. Wikifx confirmed that the broker's domain name has not been registered, which means more risks.

What Can I Trade on ETESIAN?

　　Derivatives, Stocks, Currencies (Forex), Commodities, and Bonds are provided by ETESIAN. Derivatives mainly involve futures contracts, options contracts, and swaps. A futures contract is the right to buy or sell an asset at a predetermined price on a specified future date, while an options contract is the right to buy or sell an asset at a predetermined price within a specified time frame.

Tradable Instruments	Supported
Derivatives	✔
Stocks	✔
Currencies (Forex)	✔
Commodities	✔
Bonds	✔
Shares	❌
Mutual Funds	❌

Account Type

　　The four account types are individual, joint, trust, and corporate.

　　Personal accounts are suitable for individuals who wish to invest their funds. The minimum investment is $50,000. Joint accounts are designed for two people who wish to invest together, allowing for shared investment opportunities—a minimum investment of $50,000.

　　Trust accounts are for trusts and facilitate the investment management of trust funds. Open a trust account with a minimum investment of $100,000. Corporate accounts are tailor-made for companies and allow businesses to invest their capital. The minimum investment to open a corporate account with ETESIAN is $250,000.

Account Type	Individual	Joint	Trust	Corporate
Minimum Investment	$50000	$50000	$100000	$250000
Features	For personal	For two people	For trust funds	For companies

ETESIAN Fees

　　ETESIAN provides spreads and commissions ranging from 0.1-0.5pips and $1-$5 respectively. The minimum spread is 0.1pips and the minimum commission is $1. In addition, if there is no trading activity on the account, traders ought to pay an inactivity fee of $10 per month.

Leverage

　　The maximum leverage is 1:100, meaning traders profits and losses will be expanded 100 times.

Trading Platform

　　Traders can enjoy the powerful data chart analysis functions of authoritative trading platforms on MT4. But currently only supports window traders.

Trading Platform	Supported	Available Devices
MT4	✔	Windows

Deposit and Withdrawal

　　ETESIAN's Minimum Deposit: individual and joint Accounts require $50,000, trust account - $100,000 corporate account-$250,000. The minimum deposit is $50,000. Besides, traders are required to bear different fees based on various withdrawal methods, with wire transfers incurring $25 and bank transfers incurring $10. Other payment methods, such as PayPal, Skrill, and Neteller, incur $5.