Etal Dunet website immediately leads users to a login or registration form, hinting at potential suspicion regarding its legitimacy as a broker. However, beyond this initial red flag, a thorough review will uncover additional evidence suggesting that Etal Dunet is merely another fraudulent scheme operating online.
Etal Dunet Regulation
When exploring the website of a legitimate broker, one anticipates finding comprehensive information about the company’s ownership, location, and regulatory affiliations, along with a range of legal documentation as mandated for licensed financial services providers.
However, upon visiting the Etal Dunet website, one encounters only a menu prompting users to register or log in. Registering necessitates acceptance of a User Agreement and Refund Policy, yet upon review, these documents turn out to be generic Privacy and Cookies Policy and Website Terms of Use. Crucially, they fail to disclose any company name or jurisdiction.
Moreover, the website’s interface predominantly appears in Russian. A cross-reference with the registry of the Bank of Russia, which governs the financial sector in the country, reveals a cautionary advisory to investors indicating that Etal Dunet lacks licensing.
Before investing, ensure you’re working with a licensed intermediary to avoid online scams. Choose a company regulated by reputable institutions like the CFTC (US), ASIC (Australia), FCA (UK), or CySEC (EU). Regulated brokers offer protections such as negative balance protection and fund segregation. In the EU and UK, brokers participate in guarantee schemes covering a portion of the investment in case of insolvency, up to 20,000 EUR or 85,000 GBP respectively. Regulators enforce substantial net capital requirements, like EUR 730,000 in the UK and Cyprus, AUD 1,000,000 in Australia, and a minimum of 20 million USD elsewhere, reducing the risk of bankruptcy.
Etal Dunet Trading Platform
Upon completing the registration process, users gain entry to a web trading platform that appears quite standard, lacking extensive customization features or advanced functionalities. Remarkably, this platform mirrors ones utilized by various fraudulent brokers we’ve encountered previously. It’s a common tactic among scammers to employ manipulated trading software, deceiving victims into believing their funds are genuinely being invested and even yielding profits.
Reputable brokers provide clients with a diverse array of trading software options, spanning desktop, mobile apps, and web-based platforms. Among the most prevalent platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms have become industry benchmarks due to their extensive feature sets, encompassing a plethora of customization options, support for multiple account usage, the ability to create and deploy custom scripts for automated trading, and the capability to backtest trade strategies.
Minimum Deposit
Top-tier brands in the industry often provide novice traders with starter accounts featuring exceedingly low minimum deposits. Given this accessibility to reputable brokers, there’s little justification for risking your investments with dubious entities like Etal Dunet.
Payment Methods
It came as no shock to us that Etal Dunet exclusively accepts cryptocurrencies as its payment method. This preference aligns with the tactics of many financial scammers. Cryptocurrencies offer a level of anonymity, making it difficult to trace transactions. Moreover, they lack the mechanisms for defrauded individuals to request refunds, further facilitating fraudulent activities.
Trading Instruments
While Etal Dunet may offer currency pairs, cryptocurrencies, indices, and stocks on its trading platform, there’s little assurance that these trading activities are legitimate. When considering participation in financial markets, it’s prudent to engage with a licensed and reputable forex broker. Doing so ensures transparency, regulatory oversight, and safeguards for your investments, mitigating the risks associated with unverified platforms like Etal Dunet.
Etal Dunet Spread
In the trading platform, we observe an exceptionally tight spread of only 0.1 pip. Such an extraordinarily low spread typically suggests that the broker levies an additional commission. However, without access to essential trading parameters and transparency regarding the broker’s fee structure, it becomes challenging for traders to make informed decisions regarding their investments. This lack of clarity underscores the importance of dealing with brokers who provide comprehensive and transparent information about trading costs and conditions.
Etal Dunet Leverage
The trading software of Etal Dunet sets a high leverage of 1:100, a level not typically offered by regulated brokers to retail traders due to the inherent risks of significant and sudden losses associated with high leverage.
Regulated brokers reserve higher leverage options for professional clients who meet stringent criteria for capital and experience, thereby forgoing certain protections available to retail traders.
For those who are not eligible as professional traders but are willing to assume the risks associated with high-leverage trading, the most feasible option is to consider utilizing the services of an offshore affiliate associated with a reputable brand. However, it’s crucial to thoroughly research and understand the risks involved before proceeding with high-leverage trading through any platform.
Etal Dunet Withdrawal Requirements
Given Etal Dunet’s failure to furnish adequate legal documentation, the potential traps set by fraudsters remain ambiguous. In such cases, fake brokers commonly render the withdrawal process challenging by imposing exorbitant fees and imposing unattainable trade volume requirements, making it exceedingly difficult for clients to access their funds. This lack of transparency underscores the importance of exercising caution and conducting thorough due diligence before engaging with any financial platform.
Etal Dunet Pros and Cons
| Pros | Cons |
| Notning to mention | Anonimous |
| No legal documentation | |
| Blacklisted | |
| Only crypto payments | |
| Unclear trading cost |