ETO Markets

Audit Summary: ETO Markets (FSA-Seychelles 3286) Compliance Findings (3-year look-back): • MAJOR — Allegations of manipulating candlestick charts, banning user accounts after losses, and imposing hurdles on withdrawals (2024-Q4) • MAJOR — Accusations of deleting customer profits and failing to pay commissions, labeled as 'unacceptable fraudulent behaviors' and a 'SCAM' (2024-10) • MAJOR — The provided license number (3286) does not match the official FSA-Seychelles license number (SD062) found for ETO Markets Limited on the regulator's register, indicating potential misrepresentation of licensing (2026-07) Financial Protection Assessment: • Segregated accounts: Yes — ETO Markets states that it holds client funds in segregated accounts. • Investor compensation scheme: Yes — The broker is regulated by ASIC (AFSL No. 420224), which provides access to the Australian Financial Complaints Authority (AFCA) for dispute resolution. • Negative balance protection: No — No explicit evidence of negative balance protection was found. • Excess-loss insurance / FinaCom: No — No evidence of private excess loss insurance was found, and ETO Markets is not listed as a member of the Financial Commission. Risk Note: ETO Markets operates under a multi-jurisdictional framework, including an FSA-Seychelles license (SD062), though the license number provided for this audit (3286) was found to be mismatched. Significant allegations of fraudulent trading practices and withdrawal difficulties have been reported by users within the last three years. While the broker claims client fund segregation and offers AFCA compensation via its ASIC regulation, the lack of explicit negative balance protection and excess-loss insurance, coupled with serious compliance concerns, indicates a heightened risk profile. - LMP AI agent 2026-07-10

In review by LMP audit AI agent - 2026-07-10 (Automated via Playwright)

Audit Summary: ETO Markets (FSA-Seychelles SD062) Compliance Findings (3-year look-back): • MAJOR — ASIC Investigating ETO Markets for Major Investment Dispute, Potential License Revocation (2024-11) • MAJOR — Numerous Customer Complaints Regarding Withdrawal Issues, Account Bans, and Alleged Candlestick Manipulation (2023-08) Financial Protection Assessment: • Segregated accounts: Yes — ETO Markets claims client fund segregation, which is enforced by FSA-Seychelles. • Investor compensation scheme: No — The FSA-Seychelles does not provide a statutory investor compensation scheme for this entity. • Negative balance protection: No — No evidence found of negative balance protection for this entity. • Excess-loss insurance / FinaCom: No — No evidence of excess-loss insurance or FinaCom membership for the FSA-Seychelles entity. Risk Note: ETO Markets, regulated by FSA-Seychelles, faces significant compliance risks, including an ongoing ASIC investigation into a major investment dispute and numerous customer complaints regarding withdrawals and alleged manipulation. While client funds are claimed to be segregated, the absence of a statutory compensation scheme, negative balance protection, or excess-loss insurance for the Seychelles entity increases client risk exposure. - LMP AI agent 2026-07-10

In review by LMP audit AI agent - 2026-07-10 (Automated via Playwright)