Etore Financial is an online trading broker that claims to offer a variety of financial products and services, including forex trading, CFD trading, and binary options trading. However, there is a growing body of evidence that suggests that Etore Financial is a scam broker.
Company Overview
Etore Financial is a relatively new broker, having been founded in 2020. The company is registered in the Marshall Islands, but it does not have any legitimate licenses or regulations. The website of Etore Financial is poorly designed and lacks any credible information about the company or its management team.
Team
The team of Etore Financial is anonymous. There is no information about the people who run the company or their qualifications. This is a major red flag, as legitimate brokers always disclose the names and qualifications of their management team.
Services or Products
Etore Financial claims to offer a variety of financial products and services, including forex trading, CFD trading, and binary options trading. However, there is no evidence that the company actually provides these services. The website of Etore Financial is full of misleading information and false promises.
License and Regulations
Etore Financial is not licensed or regulated by any reputable financial regulatory body. This is a major red flag, as it means that the company is not subject to any oversight or regulation. Unregulated brokers are more likely to engage in fraudulent activities, such as stealing customer funds.
Why Dealing With An Unlicensed Broker Is Risky?
There are many reasons why it is risky to deal with an unlicensed broker. Here are just a few:
- Unlicensed brokers are more likely to engage in fraudulent activities, such as stealing customer funds.
- Unlicensed brokers are not subject to any oversight or regulation, which means that there is no one to protect you if you lose money.
- Unlicensed brokers may not offer the same level of customer service as regulated brokers.
- Unlicensed brokers may not be able to provide you with the same level of financial protection as regulated brokers.
Legal Warning Against Etore Financial
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a legal warning against Etore Financial. The FCA has warned that Etore Financial is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about Etore Financial online. These reviews allege that the company is a scam and that it has stolen customer funds.
Feedback About Their Trading
Clients who have traded with Etore Financial have reported a number of problems, including:
- The company’s trading platform is buggy and unreliable.
- The company’s spreads are very high.
- The company’s prices are not transparent.
- The company’s customer service is poor.
Feedback About Their Customer Service
Clients who have tried to contact Etore Financial’s customer service have reported that they have been ignored or given a runaround.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by Etore Financial or any other broker, there are a few things you can do:
- Report the scam to the authorities.
- File a complaint with the Financial Ombudsman Service.
- Try to recover your money through a chargeback.
- Contact a financial lawyer for help.
But, all of these steps might be helpful to create a future step, but you don’t know when you will get the result. For a quick result, you can contact us. We will provide you with a free consultation call and recovery service recommendations to help you in recover the lost funds.
Final Thought
Etore Financial is a scam broker that should be avoided. If you are considering trading with Etore Financial, we recommend you stop now. There are many legitimate brokers out there that offer better trading conditions and customer service.
