ETO Markets claims a presence in 120+ countries as a retail and institutional multi-asset broker. Worth knowing: multiple reports from late 2024 describe an ASIC investigation after a client allegedly lost over $350,000 on an abnormal silver (XAG/USD) quote, alongside accusations of withdrawal denial -- one report suggested ASIC could potentially act on the AFSL. This appears to be an open controversy rather than a settled matter as of this research; verify ETO's current ASIC status directly before relying on it.
| Regulated entity | ETO Markets Limited |
|---|---|
| Regulation | FSA Seychelles-licensed (licence number unconfirmed) |
| Other Tier-1 regulators | ASIC |
| Founded | 2013 |
| Headquarters | Sydney, Australia |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT4, MT5 |
| Instruments | 300+ instruments across forex (45+ pairs), indices, precious metals/energies, crypto CFDs, and US shares -- count and asset-class details vary across sources and aren't confirmed on the broker's own site. |
See ETO Markets's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Demo plus four live tiers: PRO (0.0 pips plus $3.50 commission), BASIC (1.0 pips), PRIME (1.7 pips), and STD (spread/commission not found). An Islamic/swap-free account wasn't confirmed. |
|---|---|
| Execution model | The group holds an ASIC "Market Making" licence, implying a dealing-desk model; this entity separately holds a Seychelles FSA Retail Forex licence. It's not confirmed whether execution varies by account tier beyond pricing. |
| Withdrawals & deposits | The broker states same-day withdrawal processing for requests submitted before a stated cutoff, and fee-free withdrawals above $100 -- though this is in tension with independent complaint reports described below. |
| Overnight financing (swap) | Not found with calculation detail. Account currencies offered are AUD, EUR and USD. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | Not found. |
| Customer service | Trustpilot reviews are mixed -- some praise responsiveness, but there are specific, repeated complaints describing profitable withdrawals being blocked or withheld citing "transaction issues," followed by unresponsive support. No clear aggregate star rating was found. See the ASIC-investigation disclosure in the blurb above for important additional context. |
| Mobile experience | Not found -- no app-store rating was located. |
| Educational offering | Trading guides, a company blog and webinars are offered per a broker-aggregator site; no independent assessment of their depth or quality was found. |
See how ETO Markets's spread cost compares across every researched broker → · Forex broker fees explained
Is ETO Markets regulated?
Yes -- FSA Seychelles-licensed (licence number unconfirmed). See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if ETO Markets fails?
Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at ETO Markets?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does ETO Markets offer?
ETO Markets offers MT4, MT5.
What is ETO Markets's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was ETO Markets founded?
ETO Markets was founded in 2013.
How is ETO Markets's overall score calculated?
ETO Markets currently scores 2.63/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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ThinkMarkets is a dual-headquartered (Melbourne/London) group founded in 2010 by brothers Nauman and Faizan Anees, in which each of its major-jurisdiction licences (FCA, ASIC, FSCA, DFSA, FMA) sits in a different legal entity from its CySEC-licensed European arm.