Etorrex broker Review

What is Etorrex Broker?

Etorrex Broker is a website that allows users to trade various assets online, using a web-based platform or a mobile app. The website states that Etorrex Broker is operated by Etorrex Ltd, a company registered in St. Vincent and the Grenadines, and that it is regulated by the Financial Services Authority (FSA) of the same country. However, there is no evidence of such registration or regulation on the FSA website, which raises some red flags about the legitimacy and credibility of Etorrex Broker.

What are the features of Etorrex Broker?

• A wide range of trading instruments, including over 200 currency pairs, more than 1000 stocks, dozens of commodities and indices, and 16 cryptocurrencies.
• Competitive spreads and commissions, starting from 0.1 pips for forex and 0.01% for stocks.
• Multiple account types, from basic to VIP, with different minimum deposits, leverage ratios, and benefits.
• A user-friendly trading platform, with advanced charting tools, indicators, and order types.
• A mobile app for iOS and Android devices, compatible with all screen sizes and resolutions.
• A dedicated customer support team, available 24/7 via phone, email, or live chat.
• A variety of payment methods, including credit cards, debit cards, wire transfers, e-wallets, and cryptocurrencies.

What are the risks of Etorrex Broker?

While Etorrex Broker may seem attractive at first glance, there are also some serious risks and drawbacks that you should be aware of before signing up. These include:

• Lack of regulation and transparency. As mentioned earlier, Etorrex Broker does not provide any proof of its registration or regulation by the FSA of St. Vincent and the Grenadines or any other reputable authority. This means that it is not subject to any rules or standards that protect the interests and rights of traders. Moreover, the website does not disclose any information about the owners or managers of Etorrex Broker, which makes it hard to trust or verify their credentials.
• High chance of scam. Due to the lack of regulation and transparency, there is a high possibility that Etorrex Broker is a scam that aims to lure unsuspecting traders with false promises and then disappear with their money. There are many online reviews and complaints from users who claim that they have been scammed by Etorrex Broker or similar platforms. Some of the common issues reported are: difficulty in withdrawing funds, manipulation of prices and trades, unauthorized charges on credit cards, denial of service or access to accounts, and harassment by phone calls or emails.
• Low security and privacy. Etorrex Broker does not use any encryption or verification methods to protect the data and funds of its users. This exposes them to the risk of hacking, identity theft, fraud, or phishing. Furthermore, the website does not have a clear privacy policy or terms and conditions that explain how it collects, uses, or shares the personal information of its users.

Conclusion

Etorrex Broker is a new online trading platform that offers a variety of financial instruments but also poses many risks and challenges for traders. It is not regulated or transparent and may be a scam that tries to deceive traders with false claims and offers. Therefore, we do not recommend using Etorrex Broker for your online trading needs. Instead, you should look for a reliable and reputable broker that has a proven track record and follows the rules and standards of the industry.

What to Do If You’ve Lost Money with Etorrex?

If you have been scammed by Etorrex or any other broker, you’ll want to seek assistance from brokerdispute.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokerdispute.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.