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ETRADE -

Score

1.44 /10
Danger

ETRADE

China

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.etradest.xyz/Pc/Index/index/l/en-us.html

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.45

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

ETRADE Ltd

Company Abbreviation

ETRADE

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Fraud platform

Unable to withdraw.

FX1611388663
2021-09-23 15:41
Unable to Withdraw

Unable to withdraw

My withdrawal took more than 5 days. The website was blank.

HAOYANG
2021-09-09 21:34
Scam

Encountered a scam group that cheating me money. Hoping to recover the loss

Last year, I met an analyst on the Internet. He introduced me to the group to listen to his explanation of investment knowledge and then brought us into forex. I saw that everyone wants to make money and come back to share it so I feel safe to invest. Who knows it turns out that I lost everything! Later, I find the gourp because I cannot withdraw money and realized that they kicked me out of the group and I knew I was scammed by then!

FX1539333381
2021-12-03 15:22
Unable to Withdraw

Scam

Update on the whole process.I met this guy on a dating APP, and at the beginning he didn't talk to you about investment, he said he knew about investment and financial management because of his work and academic qualifications. Then he talked about his feelings for you to make you trust him, and at the process, he induced you to log in their website. At first, he will not ask you to invest a large amount of money, and you would make a profit or lose money during the investment, which seemed normal. I went to NFA to check the Forex number of this platform, and the number was genuine.BUT!!! The number was definitely real, because it is a counterfeit platform! Though you check the number, it can only be real. Then it was the withdrawl. He allow you to withdraw a small amount of money to get your trust, and later you're unable to withdraw a large amount of money. We've been chatting like friends for the past three months, and I didn't realize it was abnormal. He's not that hardworking, and didn't advise you to get a loan. Also he advised you to learn about the knowledge about Forex, and taught you how to check the data, to analyse the curve and index. What a smart scam!! To get your trust, he even showed you his previous list of deposit and withdrawl, and persuade you to deposit more money by showing you that investing in the NFP and Crude Oil index would make a fortune. At last, please remember, never borrow money or get a loan to invest!

HAOYANG
2021-09-12 12:07
Unable to Withdraw

My experience of being scammed for 900,000 yen!

7.27 On my way to Fukuoka that day, when I passed by Okayama Prefecture, I accidentally saw a function added by someone nearby on WeChat, and then I went in and saw that someone added me as a friend. At the beginning, I kept thinking that it must be a Chinese living near Okayama, and I passed the WeChat friends without thinking too much. We didn't chat much on WeChat, and people took the initiative to add my line. A simple chat on the line led to a relationship and asked me what I was doing every day. Without much thought, he shared his life and travel experiences with her. We talked about our hobbies and hobbies and talked about the direction of our life. We said at the beginning that we had a destiny. Later, after I returned to Chiba after playing, I was told how to make money in a few days (that is, on the day of 8.4), and I was very confused at first, so I easily believed her. At first she taught me a lot of financial knowledge. Tell me step by step how to open the platform software (etrade) to make money. Then, when I found out that I was making more and more money, I slowly relaxed my vigilance. Then after a period of time, last Monday (8.15), I tried to withdraw the money, but it was frozen. I was told by the customer service that I had to pay some personal income tax (1747.67USDT) before unfreezing. On the day of 8.18, when I paid my personal income tax, I found that the funds had been frozen. When I withdraw to my Binance account again, although the withdrawal was successful on the platform, I took a look at Binance and re-checked the address originally entered. The result is still not credited to the account, but Binance has not yet credited the account. I asked the customer service and said that the funds fell, so I need to pay another 2000usdt. Really irritating. I tried all kinds of theories with her, but it didn't work. I had to admit that I was unlucky and paid for it. After waiting for 24 hours (that is, 8:00 pm on 8.19), I was told that the lost funds could not be found, so I had to pay another 2500usdt. This time, she was not used to her and the customer service. After discussing with her classmates and friends, she chose to call the police directly. When I called the police, I was told by the police that the evidence was insufficient, and I was asked to go back and prepare the information before going to the police. Then on August 22, I personally went to Tokyo to find a Chinese lawyer and recounted what happened. And show the evidence to the lawyer again. Under the persuasion of the lawyer, he successfully obtained the work card of the other party. It is still under investigation.

XIAOHU52452
2022-08-25 18:30
ETRADE · Company summary

Note: ETRADEs official site - https://www.etradest.xyz/Pc/Index/index/l/en-us.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

ETRADE Review Summary
Founded 2-5 years
Registered Country/Region China
Regulation Unregulated
Market Instruments N/A
Demo Account Unavailable
Leverage N/A
EUR/ USD Spreads N/A
Trading Platforms N/A
Minimum Deposit N/A
Customer Support Email, ETRADEpro@outlook.com

What is ETRADE？

ETRADE is a trading platform that currently lacks valid regulation, meaning that there is no government or financial authority overseeing its operations. Additionally, the official website of ETRADE is inaccessible, raising concerns about the platform's reliability and potential for absconding.

ETRADE

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
  • N/A
  • Website is unavailable
  • Not regulated
  • Reports of scams and unable to withdraw

ETRADE Alternative Brokers

There are many alternative brokers to ETRADE depending on the specific needs and preferences of the trader. Some popular options include:

  • Equiti - A trusted global broker specializing in online trading of forex, commodities, and indices, offering cutting-edge technology, superior execution, and comprehensive market analysis.

  • EZINVEST - An online trading broker specializing in forex, commodities, and indices and serving the needs of both retail and corporate traders.

  • CFI Group -A globally regulated STP broker registered in Cyprus that provides its clients with over 13,000 tradable financial instruments.

Is ETRADE Safe or Scam？

ETRADE currently has no valid regulation, which means that there is no government or financial authority oversighting their operations.

no license

Besides, the official website of ETRADE is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

If you are considering investing with ETRADE, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Email: ETRADEpro@outlook.com

Conclusion

In conclusion, ETRADE currently lacks valid regulation, indicating a lack of government or financial authority oversight. The inaccessibility of its official website raises concerns about the platform's credibility and potential for absconding. Reports of difficulties in fund withdrawals and allegations of scams further emphasize the risks associated with investing with ETRADE. Given these factors, investors are strongly advised to exercise caution and explore alternative options that offer more reliable regulatory oversight and transparency.

Frequently Asked Questions (FAQs)

Q 1: Is ETRADE regulated？
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at ETRADE？
A 2: You can contact via email, ETRADEpro@outlook.com.
Q 3: Does ETRADE offer demo accounts？
A 3: No.
Q 6: Is ETRADE a good broker for beginners？
A 6: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Risk Warning

Online trading involves significant 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

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User comment

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Comments

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Peter8081
more than one year
I was a victim of a scam by ETRADE. They promised me high profits and convinced me to deposit a large sum of money. However, after a few trades, they stopped responding to my calls and emails. I never received my profits and I lost all my money. I would warn anyone against using ETRADE. Stay away!
I was a victim of a scam by ETRADE. They promised me high profits and convinced me to deposit a large sum of money. However, after a few trades, they stopped responding to my calls and emails. I never received my profits and I lost all my money. I would warn anyone against using ETRADE. Stay away!
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2023-03-23 10:07
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怀斯
more than one year
Please do not trade with ETRADE! This is a complete scam company. I have been scammed out of thousands of dollars! I don't know if it will change its name and continue to scam money.
Please do not trade with ETRADE! This is a complete scam company. I have been scammed out of thousands of dollars! I don't know if it will change its name and continue to scam money.
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2023-02-23 12:06
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5