Recently, there has been a surge in conflicts between traders and the FX platform, with complaints mainly focused on the erasure of profits. However, some investors reported that ETO Markets not only deducted profits, but even embezzled the principal, causing more serious complaints.
Investor A stated in the complaint that he opened an account on the ETO Markets platform and deposited a principal of $500. After trading on the platform and making a profit of $515, he began to suspect the abnormal operation of ETO Markets and tried to withdraw funds. However, ETO Markets not only wiped out all the profits, but also left the investor's principal of $500.
Faced with this situation, the investor tried to withdraw again, but ETO Markets directly banned his account, making it impossible for him to log in. To make matters worse, ETO Markets emptied $500 of the investor's stake in the back office, leaving the investor feeling very helpless. Investors strongly questioned ETO Markets' actions and said they had lost faith in the platform.
The complaint information will be fed back to the ETO MARKETS platform as soon as possible, but no reply has been received so far, and the follow-up will continue to be followed. Due to the recent negative news about ETO Markets, ETO Markets has also been listed as a problem platform to indicate the risk profile. The ETO Markets platform has been established for 7 years and is ranked 1358 in the world with a safety score of 50.
Although ETO Markets claims to be regulated by ASIC Australia and FSA Seychelles, the majority of Chinese investors open accounts under Seychelles as Australia does not accept Chinese investors. However, this offshore regulated license can lead to difficulties in enforcing rights when there are problems with FX trading.
This incident once again reminded investors of the risks in the industry, emphasizing the importance of timely attention to the movements of the selected platform and risk management. Investors must be cautious when choosing a platform and remain vigilant about the platform at all times. If you are unclear about the platform in question, it is recommended to check the relevant information for the latest information.
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