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Etrans -

Score

1.55 /10
Danger

Etrans

Australia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Market Making(MM) Revoked

Suspicious Overrun

High potential risk

http://www.etrans.com.au/en

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Comparison

Quantity 5

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.30

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

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

E-TRANS Group Pty. Ltd.

Company Abbreviation

Etrans

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 5
Previous Detection : 2025-01-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 439303) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

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

Deposit and withdrawal reconds. Remittance records. Their ID. Report. Evidence.

Detailed conversation content with their the customer service and staff from 10/23~11/10. Everyone be careful to prevent fraud.

JiunYing Ou
2021-11-24 19:56
Unable to Withdraw

Unable to withdraw

After the customer service application was approved, he said that the company's account had to be paid by the bank and a confirmation deposit of $40000 had to be paid. Later, he said that the company would help pay $20000 and remit within 72 hours.

JiunYing Ou
2021-11-15 11:04
Unable to Withdraw

Scam. Unable to withdraw

https://www.etranstws.com/ I was invited to apply for vip and deposited $3000 to unlock my account. I made sure the correct bank account. I doubt that he changed my order and told me the withdrawal failed due to wrong number. I had to pay $5000 to unlock it. Now I do not have enough money to pay it in 3 days.

CHENBAIZHANG
2021-10-25 06:26
Scam

Induced fraud. Unable to withdraw

The woman in the picture will say that she is the analyst of No.1 securities and induce you to invest in this website. You will earn a little profit at the beginning and she will start to deceive you once you trade over ten thousands(immediately change picture after scamming). The customer service said that it will not be withdrawn for the first withdrawal and they will not response anymore if you withdraw for the second time.

FX2091675372
2021-12-27 21:41
Unable to Withdraw

The platform withdrawal is abnormal. Their requirements have been completed and there is also a platform statement, but the platform is still unable to withdraw funds within the statement period

I began to use the platform on 10/15 and submitted A VIP application to the platform on 10/30. After the application was approved, the platform informed that it needed 3,000 US dollars as a guarantee fee. I provides USD 3000 membership fee deposit for Etong platform on 11/04 and the platform informed that the account could not be transferred out, and it was necessary to pay 5,000 US dollars to report to the supervisory unit to apply for risk release. After paying 5,000 US dollars on 11/05, I apply for a withdrawal of 1,877 US dollars, but the platform still could not pay the withdrawal of 1877 US dollars on 11/06 and it responded that there was a problem with the company’s account and it was temporarily unable to withdraw. It replied that the account problem might needs to be withdrawn. The platform executives privately decided to let the bank lend money and directly withdraw $12,000 from the deposit account. The bank accountant denied my request of withdrawal due to uncooperative account and request $8000 margin fees. After the $8000 margin fee arrived, I withdrawn $21877 to my designated financial account within 24 hours. I completed the payment of $8000 on 11/08, but the platform informed that the withdrawal was rejected by the bank on 11/10. The bank asked the platform and myself to pay a margin fee of US$8,000 before unfreezing the platform account. On 11/11, I negotiated with the platform if the US$8,000 margin fee was paid to the platform and there is subsequent bank account problems, the platform and bank should handle it by themselves. The $29,877 that at the bank today should be refunded to my designated account within 24 hours after payment with platform statement. After the payment on 11/15, it still unable to withdraw and not even response until 11/17.

HUI80489
2021-11-18 18:23
Etrans · Company summary
EtranceReview Summary
Founded2000
Registered Country/RegionAustralia
RegulationASIC/FSPR (Revoked)
Products & ServicesInternational transfers, Forex
Customer SupportTel: +61 3 9602 1669 (Melbourne); +61 2 9269 0010 (Sydney); +61 2 9269 0010 (Canada)
Mob: +61 415 999 192 (Melbourne); +61 481 999 100 (Sydney); +1 778-388-7580 (Canada)
Email: melbourne@etrans.com.au; sydney@etrans.com.au; vancouver@etrans.com.au
Wechat: etransmel (Melbourne); etranssyd (Sydney)
Address: Level 8, 2 Queen St, Melbourne VIC 3000, Australia
Level 3, 650 George Street, Sydney NSW 2000, Australia
6060 Silver DR FL 3, Burnaby BC V5H 0H5 Canada

Etrance was established in 2000 in Australia, and mainly offers trading services related to international transfers and forex. However, this company is not regulated, and its official webtsite does not provide enough information about trading details.

Etrance's homepage

Pros and Cons

Pros Cons
Long operation timeLack of valid regulations
Real-time exchange ratesLimited service range
Comprehensive customer supportPayments via Cheques take 3 business days

Is Etrance Legit?

No, Etrance is currently not regulated. Please note the potential risks!

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Australia Securities & Investment Commission (ASIC)RevokedAustraliaMarket Making (MM)439303
Financial Service Providers Register (FSPR)RevokedNew ZealandFinancial Service Corporate34363
Revoked ASIC license
Revoked FSPR license

Products and Services

Etrance offers services in international transfers and forex.

Products and Services

User Reviews

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User comment

8

Comments

Write a review

FX1035714799
more than one year
¡etrans es una completa estafa! ! Ha estafado a muchos clientes con su dinero, cerrando sus cuentas a la fuerza y no respondiendo a sus mensajes, como si el mundo se hubiera evaporado.
¡etrans es una completa estafa! ! Ha estafado a muchos clientes con su dinero, cerrando sus cuentas a la fuerza y no respondiendo a sus mensajes, como si el mundo se hubiera evaporado.
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2022-11-22 17:42
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FX1015868943
more than one year
I have to say that Etrans’s currency exchange process is really troublesome, I transferred USD$5000 from U.S. to Australia a few days ago, and this company made a mistake due to its intermediary bank. As a result, it took over 4 days for my funds to arrive. I would not use this platform any more.
I have to say that Etrans’s currency exchange process is really troublesome, I transferred USD$5000 from U.S. to Australia a few days ago, and this company made a mistake due to its intermediary bank. As a result, it took over 4 days for my funds to arrive. I would not use this platform any more.
Translate to English
2022-11-17 12:02
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