Eronto Review – Are Hidden Details A Big Concern For Traders?

Eronto company claims to be owned by OAG Holdings LTD. This company was established in 2023 in the Marshall Islands, and fairly, that’s not a good start.

Yet, one thing might change everything. It’s top-tier regulation that would make everything legitimate. But with or without regulation, there are details traders must watch out for. To learn all the tips and tricks, read our Eronto review carefully.

Broker status:	Unregulated Offshore Broker
Regulated by:	No regulations
Operating Status:	Active FX and CFD Trading Scam
Known Websites:	https://eronto.io/
Blacklisted by:	N/A
Owner:	OAG Holdings Ltd
Headquarters Country:	Marshall Islands
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	N/A
Minimum Deposit:	N/A
Deposit Bonus:	Available
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes  – BTC, ETH, LTC
Available Trading Instruments:	Cryptos, commodities, forex, commodities, shares
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	With very low transparency and no regulatory oversight, traders should simply avoid this broker. In case you fall for any of their tricks, contact us for refund assistance as soon as possible.

Is Eronto Legit or a Scam?

One of the leading signs that the company is legitimate should be found in the license details. Since this company doesn’t reveal any, you can assume they are not regulated anywhere. In any case, we will check for this trading brand in top-tier databases. Due diligence is fairly important in the trading world. However, looking at registers like FCA, BaFin, ASIC, or any similar didn’t bring any results.

Trading is a gamble without licenses. To avoid that, choose tier-1 licensed brokerages.

Traders Experience

If you rush blindly to check Eronto reviews, you might even trust this broker briefly. As can be seen, 30 out of 30 comments on Trustpilot are rated with 5 stars. But is that a reality? Since many of those comments come from users registered in Colombia, Mexico, and Argentina, we highly doubt it.

Especially since the company has been hiding most of the trading conditions, it’s not realistic to have such good reviews. In any case, at first glance, if there is any irregularity with this firm, get in touch with our refund specialists for advice.

How Does Eronto Work?

One of the important details with Eronto broker is the promotion of signal and automated trading. These are classic patterns of an investment scam. They will offer you free tools through social media campaigns just to get you on board. However, you must first deposit some money to work with those tools.

In most cases, it’s something around $250, even though it’s not disclosed precisely. However, traders don’t realize that the tools don’t exist at all. Instead, the company manipulates the platform to make it look like it’s automated. Once traders learn about it, they’ve already thrown too much money away. To find out how to recover it, feel free to contact our chargeback team.

Who Are Eronto Victims?

Since 2023, when this trading brand was established, the primary target area was South America. However, the website analytics shows that currently, most of the victims come from:

• Finland
• Germany
• United States

Yet, the company is not authorized to provide services in any of these. Luckily, you have our Blkfen and Obbed reviews to learn how to recognize swindlers like these. In any case, if any of these get your money, our refund team is available for consultation.

What Are Trading Platforms Available?

According to the company’s presentation, its trading platform is designed for traders with limited trading experience. This tells you that every experienced trader would recognize all the scam signs from a mile away, starting with missing desktop apps.

Instead, traders are offered a web-based platform that is easily manipulated, the one that serves them as fictive automated trading software.

Is the Eronto Mobile Trading App Available?

Another big disadvantage of registering an Eronto account is the lack of mobile apps. In this fast-paced world, trading wherever you are can make a huge difference, especially if you are trading on news or signals. That’s where reliable and optimized iOS and Android apps make a huge difference. But not with this broker.

What Financial Instruments Does The Platform Include?

Even though the company claims to offer more than 1,000 assets, before completing the Eronto login procedure, it’s impossible to prove. In any case, the company promotes the most popular options like:

• Forex – USD/JPY, EUR/CHF
• Commodities – gold, crude oil
• Shares – Alibaba, Apple
• Indices – DAX30, S&P500
• Cryptos – Bitcoin, Ethereum

Account Types Offered by Eronto

One of the deal breakers with brokers is the minimum deposit requirement. Especially when you know top-tier licensed firms require only $10 to get started. In the case of the Eronto platform, requirements and specific account types are not disclosed.

Can a Trader Use an Eronto Demo Account?

Of course, a demo account would be included if the company wanted to offer transparent services. Yet, it’s not. That’s also a sign to avoid this trading firm at all costs. Obviously, they only want your money.

Eronto Fees, Leverage, and Commission

One more reason to write an Eronto complaint is hidden trading conditions. Starting with leverage, spreads, and commissions, none of these critical details are revealed anywhere.

Therefore, you can expect a lot of manipulation around those. After all, that’s what lack of regulation allows them.

Is the Eronto Welcome Bonus Available?

Another way to trick users is through shady bonus offers. The company has been using a standard bonus trick—minimum trading volume. In this case, it’s 40 times the bonus amount plus the deposit. Only after you reach that can you request a withdrawal of bonuses and profits generated with them.

Is Eronto Withdrawal Possible?

When it comes to the Eronto withdrawal procedure, problems can be expected. Firstly, the company reveals in its T&Cs that it can request additional documents for any reason. That’s a typical way to delay the withdrawal until traders make mistakes.

Secondly, if traders avoid making mistakes and provide all documents, the company might come up with non-existent fees and taxes. Whether you pay them or not, you can expect your account to get blocked very quickly.

What Should I Do If I Have Eronto Problem?

Since the company is unregulated, you should immediately report them to local regulators. While authorities collect enough data,  you can take action and request a refund of your money. Even if you were using methods not disclosed on the company’s website, you should do it.

If you don’t know how, leave it to professionals. But first, grab the opportunity to have a free consultation with our refund experts. Book yours right away.