Eternity Global FX has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to WEWE Global. We’ve received over 4 complaints against Eternity Global FX.
Eternity Global FX, which purports to be a registered forex brokerage in the US, is facing significant criticism for its lack of regulatory compliance. This has cast a shadow over its offerings, such as 1:50 leverage and access to popular platforms like MetaTrader4, MetaTrader5, Trading View, and cTrader. The company’s failure to meet important regulatory standards raises significant concerns about its credibility and the security of investor funds. Potential traders, especially beginners, may feel discouraged by the high deposit requirements and the lack of transparent asset information. The lack of regulation makes it a risky investment, warning investors about the possibility of incurring substantial financial losses.
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Key Takeaways
Is Eternity Global FX Regulated? Do They Have a License?
Eternity Global FX, which claims to be a US-registered forex brokerage, has come under fire for its questionable activities rather than its offers, which include leverage of up to 1:50 and access to well-known trading platforms such as MetaTrader4, MetaTrader5, Trading View, and CTrader.
The allure of its services is eclipsed by serious worries about its regulatory status, which call into question its operational integrity and the protection of investor assets.
The absence of valid regulation for Eternity Global FX stands as a critical warning sign for anyone considering this broker. The broker’s avoidance of the strict regulations that safeguard the operations of reputable financial institutions becomes glaringly obvious, making its lack of regulatory compliance a stark alert. This situation underscores the significant risks associated with engaging with unregulated entities, highlighting the potential dangers to investors.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Eternity Global FX is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Eternity Global FX, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Eternity Global FX
Eternity Global FX’s imprecise claims of being a forex trading provider are undermined by a glaring lack of information on the exact assets it offers. This opacity makes it difficult for potential clients to judge the broker’s genuine capabilities.
The broker’s four live trading account types require excessively high initial deposits, ranging from $5,000 to $50,000, as well as substantial joining fees. These limits stand in stark contrast to the more inclusive procedures of regulated brokers, which frequently allow account openings as low as $100, making Eternity Global FX a notably unapproachable alternative for a wide range of traders, particularly those new to trading.
Although Eternity Global FX offers leverage up to 1:50 as an advantage, this feature has a double-edged effect, amplifying both possible profits and losses. This increased risk demands cautious assessment by traders.
Despite claiming the availability of renowned trading platforms, the broker’s failure to give easy access undermines trust in its services. This circumstance raises concerns about the platforms’ availability and functionality, despite their industry-wide reputation for exceptional charting, customization, and automation capabilities.
The broker’s assistance for a variety of deposit and withdrawal methods does little to mitigate the disincentive of a high minimum deposit requirement and lengthy withdrawal processing delays. These features of its operation may drastically degrade the user experience.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Eternity Global FX Customer Service: Do They Handle Complaints Well?
Eternity Global FX offers customer service through email, online chat, and social media. However, the lack of direct phone support makes it harder to get help right away, showing that the company has some areas where it could improve its customer service.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Eternity Global FX Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Eternity Global FX tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Eternity Global FX reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Eternity Global FX, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Eternity Global FX enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Eternity Global FX reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Eternity Global FX.
You should always look out for consumer complaints. In the case of Eternity Global FX, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Eternity Global FX? You can share your complaint in the comment section or submit an anonymous tip.
Is Eternity Global FX Legit Or Scam?
Eternity Global FX attempts to attract traders with its platform offers and account diversity, but the overarching worry of non-compliance with regulatory standards casts a lengthy shadow over its legality and the protection of investor assets. This event serves as a warning to future clients about the high hazards of dealing with unregulated brokers.
Eternity Global FX is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Eternity Global FX can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Eternity Global FX?
All the evidence suggests that Eternity Global FX is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
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How The Eternity Global FX Online Scam Works
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