Score
Etiq Markets
Canada|5-10 years| https://etiqfx.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Canada
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
etiqfx.com
Server Location
United States
Website Domain Name
etiqfx.com
Server IP
34.87.64.145
Company Summary
General Information & Regulation
Etiq Markets is a Canadian forex brokerage firm, Etiq Markets operates worldwide, including China, Singapore, Indonesia, Malaysia, and other places. Etiq Markets is authorized by FINTRAC Canada as an MSB (license number: M20312814).
Market Instruments
Tradable financial instruments offered to investors by Etiq Markets include forex currency pairs on the Forex market, stocks, indices, and precious metals.
Minimum Deposit
Etiq Markets offer investors two types of trading accounts: ECN Elite and ECN Pro, with a minimum initial deposit of $50 for the ECN Elite account and $500 for the ECN Pro account.
Etiq Markets Leverage
With regard to trading leverage, Etiq Markets offer leverage level. Investors can choose from leverage of up to 1:100, 1:200, or 1:500 depending on their risk tolerance.
Spreads & Commissions
Etiq Markets' ECN Elite accounts have a minimum spread of 1 pip and no commission on Forex trading, while Etiq Markets' ECN Pro accounts have a minimum spread of 0 pip and a trading fee of $3.50 per lot (one side).
Trading Platforms
Etiq Markets offer traders the most popular MT4 trading platform available today. MT4 offers an easy-to-use user interface, enhanced charting capabilities, indicators, and supporting the MQL language. Traders can easily program indicators and run auto trading via EA 24/5 without any intervention.
Deposit & Withdrawal
Etiq Markets support traders to deposit funds to their investment accounts via local bank transfer (minimum deposit of $50), Neteller (minimum deposit of $10), Skrill (minimum deposit of $10) payment methods with no fees for deposits. Traders can withdraw funds via local banks with a minimum withdrawal of MYR 50 with no withdrawal fees, and via Neteller & Skrill with a minimum withdrawal of USD 10 with a 5% service fee.
Etiq Markets Pros & Cons
Etiq Markets advantages Include:
1. Affordable Minimum Initial Deposit
3. MT4 Available
Etiq Markets disadvantages Include:
1. Not rich in tradable assets
2. Limited options to deposit & withdraw funds
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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S1530
Hong Kong
I made a deposit of 3000 RMB on November 30 and December 1, 2020, and the total amount of two deposits was 6000 RMB (according to the deposit exchange rate at that time, it was $877), and the profit of placing orders on the platform was less than $30 (the trading account at the time showed It was 902 USD). Later, I found that this platform was very slow to enter orders and slippage. I withdrew funds on or about December 10, but the platform never processed it. After deducting the account profit for no reason, the total amount was refunded today on December 21 The actual receipt of 4577 yuan, and the withdrawal of 877 US dollars, according to the real-time exchange rate, it is impossible to only receive 4577 yuan, so I complained to the platform and deducted user funds maliciously for no reason. The customer service has been in a state of losing contact. I hope that all Huiyou friends will keep their eyes open. , Stay away from this fraud platform
Exposure
2020-12-21
开心面对
Hong Kong
The customer manager explained the trading ways for me. The orders within three minutes are valid. All orders I trade are valid. And I profited $655. But thet platform deducted my money. I communicated with the customer manager many times but he just ignored me and gave no access to witdhrawals. Fraud platform. Pls think twice before investing here.
Exposure
2020-12-21
Tabawanfx
Malaysia
dear traders, stay away from this broker. I traded xauusd on 19 October 2020. (see the attachment). I opened two positions of xauusd at 1874.xx. shockingly, later in the evening, one of my positions was moved to 1884.xx. (1,000pips higher from my placed order) which eventually, i lost 10$..i wrote an email about the issue but never solved it. they autoclosed my account without valid reason. this is a type of bad broker.stay away. frustrated trader
Exposure
2020-11-20
MR.Lee
New Zealand
I suspect that Etiq Markets may be a fraudulent company based on the information I found online. Unfortunately, I am unable to contact their customer service as their website is no longer accessible. It is frustrating and concerning to think that my investment may have been lost to a potential scam.
Positive
2023-03-20
FX1313551230
United States
The company Etiq Markets is a total scammer, I tried to withdraw money to reward myself after trading and making a profit, to have a big meal, but this company froze my account, saying that I was laundering money.
Positive
2023-03-07