The owners of the platform position themselves as a “leading global” brokerage firm, with which “60 thousand traders from 100 countries” cooperate. In addition, they indicate on the website the address of the UK office, the date of the project’s launch in 2007, and declare the availability of licenses and numerous awards. However, the company does not provide documentary proof of this information.
Is this platform safe for your investment? You will find out from our Etprofx review, in which we will consider this broker’s quality of service and legal aspects.
How to Trade
You can trade CFDs on seven asset classes, including spot energy, Forex, and futures. The firm offers clients:
- 3 traditional types of tariffs.
- Islamic trading account.
- 30-day demo account.
- Low spreads from 0.0 pips.
The company does not disclose important parameters of trading conditions and liquidity providers. The first tariff requires a deposit of $5,000, which is not the norm for Forex.
The intermediary promises clients market analysis, free VPS, and other analytics tools. Education Academy and eBooks are not available to unregistered customers. Live chat is there to connect with users.
Etprofx Vital Info
The owner of the site details the history of the project, which was allegedly founded in 2007 in Sydney, Australia, and in 2012 a branch in London was opened. Moreover, the name of Rajesh Yohannan, the CEO, is mentioned in the “About Us” section. In addition, the organization boasts of awards, including “Most Trusted Forex Broker UK 2018”. As for the domain, it was only created in March 2024, which indicates the short lifespan of the platform.
We checked for registration of Ethereal Pro FXCorp Financial Services Pty Ltd, listed in the firm’s internal documents as the owner of the Ethereal Pro FX brand and registered in Sydney. However, we did not find this brand on the Australian registry, and its license number 318232 is not listed on AFSL. Besides, the organization is not registered in the UK and does not have an FCA license. Could it be that this project is operating under the cover of another firm?
I invest in trading stocks of different companies, such as Amazon, which are leaders in their industry and their owners are at the top of the wealth rankings, so I decided to trade stocks and track their rise or fall on etprofx. However, nothing changed on the stock market for a long time, so I decided to sell all the shares and withdraw the money to buy crypto with it and store it in my cold wallet. I managed to sell the shares with no losses, almost £7,800 but I can't get the money out of my account. I keep asking questions to etprofx tech support and the operators started to be rude to me and then stopped answering at all. I get ignored after my numerous questions and I'm worried about the return of my invested money. What happened to the project?! I'm interested to find out with the administrators, my main goal is to get my money, but every day I believe less and less that I will get my funds.
This company uses fraudulent schemes, helping its clients drain their deposits. If a trader is successfully trading, ETPROFX employees begin to interfere with him. How do they do it? At first, they cause frequent slippages, squeezes, order failures. If it does not help, they increase spreads, swaps, etc. Then they often begin to manipulate quotes and falsify them not in favor of the trader. Thus, they increased my commissions and spreads, even doubled the margin! However, all this outrage started only when I did an unimaginable stupidity, namely - I increased my deposit almost to 30,000 euros on ETPROFX, then they helped me quickly almost to zero my balance :(and I left these crooks, I did not even close my account. They do not let the trader drain the balance completely, it is not profitable for them, preferring to leave the trader to trade with a small deposit. This scheme works thanks to non-trading quotes! This is how scammers deceive users...
This broker trained me and I want to warn you against such a waste of time. I registered with etprofx.com for nothing. The information they give is on the net, you will find it on the first request. Everything is taken from the Internet, tested from my own experience. The training is done by some high school students, with no experience trading in the market. I did not even started to deposit funds, because here they do not value the time of clients and probably do not care about the safety of traders' capital.
I couldn't even register a profile, it's very complicated and confusing. However, now I think it's even for the best. This place smells like a scam.
The platform is very unstable, it freezes all the time and I cannot open orders. The terminal closes randomly every half an hour. In addition to the fact that the trading program is so terrible in terms of functionality, it is also inconvenient, it is hard for me to get used to it. The company promised to provide metatrader 4, but in fact there is some other platform, on which you should not trade. I am constantly losing money.
I have been trading on this platform for over 3 years now. I am satisfied with everything! Etprofx trading program fits my strategy perfectly. It has all the necessary tools. MT4 works stably and without any serious glitches. The spread increases periodically before the release of important news, but this disadvantage is present in all brokers that actually withdraw funds to the market. Everything is convenient and reliable on etprofx.com, transactions are executed clearly. There are many ways to deposit and withdraw funds, the procedure itself is convenient. By the way, the withdrawal has never taken more than 2 days from the moment of application. The support is competent! Etprofx does not have so many minuses. Probably, the platform is more suitable for more experienced traders, as the deposit starts from 5,000 dollars. I recommend beginners to start trading with a demo account, which is limited in terms of time of use to 1 month. If you practice every day, you will be able to test each option of the platform many times.
This is a long-established regulated broker in the forex market, which provides adequate conditions for work. The main advantage of Etprofx that keeps me here for a long time is the fast deposit and withdrawal of funds, without unnecessary verification requirements and without huge commissions. I submit an application, and if all my documents are in order and I have complied with all the conditions of the company when trading, the money is withdrawn in a couple of hours. Of course, the time depends on the withdrawal method you choose. This broker has different payment systems - some of them work faster, some slower. In general, I am satisfied with everything on Etprofx, there are very interesting offers here. I am happy with the wide range of instruments, stable and fast platforms, and unproblematic deposit/withdrawal. I have been working with the broker for a long time, and this service is always at a high level, and the developers are constantly adding something new. Perhaps the size of the initial deposit is a bit large, but the safety of trading is worth it 👍 This is a reliable option for experienced traders who are not scared off by the size of the deposit.
My first experience with this project was successful and I was able to make good money. I started working with ETPROFX about two months ago, and at first I managed to trade crypto with profit, I earned at least 400 dollars per week on bitcoin and dollar currencies. I closed trades often with big profits, there were even individual cases of earning 350 dollars on one trade, which satisfied me. I have been withdrawing small amounts with no problems, and recently I decided to add funds to my deposit. I invested another 15,000 dollars. I wanted to work today and I drained almost the entire balance. Then, I wanted to withdraw the balance, and I failed, my application is not processed :( In the end, I have no money and no desire to continue working with this project.
I tried trading different assets here - I had metals, stocks, and futures. I tried to track currency quotes, but I failed to earn anything. Besides, initially it was difficult for me to understand the functionality of etprofx.com on a demo account, 30 days is too short for such a terminal. However, my manager persuaded me to deposit $6,000 and now I am constantly losing my money. The maximum I got was $150 which I wanted to withdraw, but it didn't work out. I left my phone number in the online chat to have the administrators call me back, but no one has called me back in almost 10 days and it's absurd. How can such a project exist on the Internet, which does not value its reputation and can freely cheat traders without returning their money!!? If my money will not arrive to my e-wallet in the next two weeks, my trading will stop here and I will turn to detectives to find these crooks. I know for sure, although etprofx has a huge base of clients, but having started to cheat them, the project will not achieve great success, and will quickly become a scam.