Summary
EterWealth positions itself as an online trading broker for Forex, Indices, Metals, Cryptocurrencies, and Energies. However, upon digging deeper, some bigger concerns arise. While this provider claims to be registered and operate under the Financial Services Authority (FSA) of Saint Vincent and the Grenadines (SVG), this does not regulate online trading. Plus, EterWealth has been flagged by the Australian Securities and Investments Commission (ASIC) and carries a 2.0 rating on Trustpilot, with numerous users claiming the provider is unfair.
What Is EterWealth?
EterWealth Limited claims to be an international trading platform designed to build an advantageous environment for long-term traders. They list registration number 26560 BC 2021 alongside the SVG FSA. EterWealth offers access to global trading instruments in execution, and accounts include the following:
- Forex Trading
- Indices
- Precious Metals
- Cryptocurrencies
- Energies
While these services may seem comprehensive, the foundation of the platform is weak due to being an offshore-registered broker and the existence of regulatory flags.
Regulatory Concerns
Although the broker claims to be registered in Saint Vincent and the Grenadines, the SVG FSA does not license or regulate forex and CFD brokers. As a result:
- There are no means in place for investor protection.
- No funding is insured or protected under a compensation scheme.
In addition to this, there was also a warning from ASIC received on May 7, 2025, that further situates suspicion with the company.
User Reviews and Reputation
In Trustpilot, it holds a 2.0-star rating with many negative reviews. Some examples include:
- “Total red flag! They kept asking for more money to release withdrawals.”
- “Ohh, they ran with my bag. Scammers.”
The biggest complaints appeared to be:
- Problems with getting their money back
- Continual asking for more money
- No customer support
- Misleading profit claims
These stories indicate that many traders have lost money after trading with this platform.
Key Indicators of Risk
Here are some cautionary signs for traders:
- Offshore registration is unregulated
- Regulation Risk Notices from ASIC
- Negative customer feedback
- Not disclosing ownership and the main operational managers
- Unverifiable trading results and slow payments
These signs raise significant concerns regarding the trustworthiness and safety of the company.
Also read Core Prime review.
What to Do If You Lost Money on EterWealth?
If you made a deposit or are having trouble getting a withdrawal, you should do the following:
- Document your emails, screenshots, and transaction history.
- Don’t send any more money
- Report to your financial authority.
For the options available to you, communicate with a funds recovery expert.
FAQs
1. Is EterWealth a broker subject to regulations?
No. It claims to be a registered broker in Saint Vincent and the Grenadines, but this does not imply that it is subject to any regulations regarding forex or CFD trading.
2. For what reason did ASIC warn about EterWealth?
ASIC issued a warning against EterWealth because they offer services for trading without authorization and misleading or deceiving individuals investing with them.
3. Can I recover funds lost to EterWealth?
Yes, in some cases. Through specialized services for victims of online trading fraud, you might be able to get your money back.
4. Is it safe to trade with offshore brokers?
Not always. Most offshore brokers operate without any oversight at all, which means traders do not have any protection in the case of a dispute or loss of funds.
Need Help Recovering Your Funds?
If you have lost money with EterWealth or other similar online trading companies, there are professionals to help. Please visit TRU CLAIM – a leading platform assisting online trading misconduct victims to recover their funds in a secure and timely manner.
Check the list of the latest scam brokers here.
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