General Information & Regulation of ETO Markets
Founded in 2010, ETO Markets is a forex and CFD forex broker based in Sydney, Australia, providing online solutions for retail and institutional investors in over 100 countries in Europe, Asia, Middle East, Africa, Oceania, etc. Please note that their services are not available in North and South America. ETO Markets are supervised by the Australian Securities and Investment Commission (ASIC); ABN 66 155 680 890, AFS Licence No. 420224.
Market Instruments
The ETO Markets online broker provides traders with over 80 currency pairs, including foreign currency pairs, CFDs, spot index contracts, spot commodities.
Minimum Deposit of ETO Markets
ETO Markets offers two different types of live trading accounts, the Standard Account, and the Pro Account. The minimum initial deposit for a Standard account is $200 and for a Pro account is up to $20,000. Objectively speaking, the initial minimum deposit of the pro account set by ETO Markets is slightly higher than mosts brokers' requirements, and investors should be careful to avoid risks. In addition, ETO Markets also offers free demo accounts.
Leverage of ETO Markets
The maximum trading leverage offered by ETO Markets is up to 1:400. Investors should note that high leverage can increase the potential return but also increase the risk at the same time.
Spreads & Commissions of ETO Markets
The minimum spread for EURUSD on the standard account on the ETO Markets platform is 1.6 pips, which is slightly above average (most dealers offer spreads between 1.1 and 1.5 pips for EURUSD), but no commission is charged for each trade. The minimum spread for EURUSD is 0.0 pips in the Pro account, and a commission of $7 is charged for each trade.
Trading Platform Available of ETO Markets
ETO Markets offers investors the most popular MT4 trading platform available today, where traders can trade Forex, commodities, and stock indices. MT4 features a multilingual interface, one-click trading, automated trading, multiple charting modes, over 50 analytical tools, and the ability to customize complex trading strategies, available for Windows, Android, iOS, and Mac OS systems.
Deposit & Withdrawal of ETO Markets
ETO Markets supports traders to deposit and withdraw funds from their accounts via (VISA & MasterCard) credit/debit cards, wire transfer, Skrill, POLi, and in three currencies - AUD, USD, and EUR. In addition, ETO Markets offers a deposit method: China UnionPay card, although this method is only available for RMB. The deposit method and withdrawal method must be the same, with a processing time of 1-2 days and a clearing time of 2-3 days, and ETO Markets says it does not charge any withdrawal or deposit fees.
