Eternal Finance asserts itself as a reputable forex broker. Initially, its website appears to offer the expected functionality of a financial services provider. However, upon closer examination, crucial information, notably proof of authorization, is absent. It is advisable to steer clear of Eternal Finance and seek a legitimate broker that aligns with your investment objectives.
Eternal Finance Regulation and Security of Assets
The safety of funds refers to the level of security and protection provided to financial assets held by an individual or entity. This typically involves measures taken by financial institutions, such as banks or brokerage firms, to safeguard deposited funds against risks such as theft, fraud, or insolvency. It encompasses various factors, including regulatory oversight, insurance coverage, and risk management practices implemented by the institution. Ensuring the safety of funds is essential for maintaining confidence in the financial system and protecting investors’ assets.
The regulatory status of a financial services provider is paramount. Licensed brokers offer comprehensive details regarding their operating company, location, authorized jurisdictions, and regulatory oversight bodies.
Eternal Finance’s website lacks this crucial information entirely. There are no contact details, regulatory licenses, or even a company name provided. Even the Terms and Conditions fail to mention a legal entity name. While the document references Polish law, Eternal Finance is not among the brokers authorized by the Polish Financial Supervision Authority.
Eternal Finance Trading Software
Upon registration, users gain access to a basic web trading platform lacking advanced functionality. This platform mirrors ones used by numerous fraudulent brokers we’ve encountered. Scammers utilize manipulated trading software to deceive victims into believing their funds are being invested and even generating profits.
Eternal Finance Trading instruments
The Eternal Finance trading software encompasses major currency pairs, commodities, indices, cryptocurrencies, and stocks. However, there is no substantial evidence to confirm the legitimacy of these trading activities. If you intend to trade financial instruments, it’s imperative to do so through diligently licensed and reputable brokers.
Deposit and withdrawal methods
The homepage of the website prominently displays credit card and wire transfer logos. However, upon navigating to the deposit menu, the choices are limited to various cryptocurrencies. Fake brokers often advertise conventional payment methods but direct potential victims towards cryptocurrency transactions. This ensures anonymity for the scammers and deprives victims of the option to request refunds or chargebacks.
Eternal Finance Required Deposit
Eternal Finance stipulates a minimum deposit of 250 USD, which aligns with the industry standard. However, this amount could also be used to open a trading account with a reputable and duly licensed forex broker. Many leading brands in the industry offer Micro and Cent accounts with a very low entry threshold, making them suitable for novice investors.
Withdrawal requirements
Withdrawals from an account with a bonus are subject to meeting minimum traded volume conditions, which entail trading 25 times the bonus amount plus the initial deposit.