Thinking of getting into business with ETS Capital? Here is what you must know about this broker. Carefully read this review to find out if etscapital.co is the trading platform you will want to trade with.
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About ETS Capital Broker
ETS Capital is an offshore brokerage company with a lot of promises for traders. The broker says it is located at C/O Finstock Capital, Regus, Hammersmith Grove, London, UK.
The broker claims to offer low spread, low commission, and swap rates.
In spite the trading instruments ETS Capital claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
etscapital.co: Reasons to Avoid This Broker
etscapital.co is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as no financial authority recognizes the broker.
Another red flag we noticed on etscapital.co is that it has no demo account for traders. Since traders can’t test ETS Capital broker on a free account, we can’t know its viability in the forex market.
Again, this broker does not offer money back guarantee which means trading on such platform is clearly a risk.
This is a con for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, ETS Capital provides us with no information on what it charges forex traders on each withdrawal process. Nevertheless, forex traders should be aware that additional fees are applied.
The broker charges 10% deduction on each month for an inactive account of 6 months.
Minimum Deposit
ETS Capital provides no information on its recommended minimum deposit.
As for the payment methods, we can make payment via Wire transfer. However, you should not consider making any payment with this broker because it is a risk. So beware!
ETS Capital Platform
ETS Capital offers web based trading software. Its refusal to make use of the industry standard MT4 or MT5 that comes with user friendly features for trading is already a con.
As for the leverage, no information on it from the broker. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
ETS Capital Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated claims are truly a red flag and must be avoided.
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Conclusion: Is etscapital.co a Reliable Broker?
etscapital.co does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.