Eternity Prime Ltd. Review

Who is Eternity Prime Ltd.:

Eternity Prime Ltd. is a company that operates a website called https://eternity.inc, where it offers online trading services in various financial instruments, such as forex, CFDs, commodities, indices and cryptocurrencies. The website claims that the company is registered in St. Vincent and the Grenadines and is regulated by the FMA in Austria. However, there is no evidence to support these claims, and the FMA has warned the public that Eternity Prime Ltd. is not authorized to provide investment services in Austria or any other country in the European Economic Area (EEA).

Regulation of Eternity Prime Ltd.:

Regulation is one of the most important factors to consider when choosing a broker, as it ensures that the broker complies with certain standards of transparency, fairness, security and customer protection. A regulated broker is subject to the oversight and supervision of a reputable financial authority, such as the FCA in the UK, the CySEC in Cyprus or the ASIC in Australia. A regulated broker must also adhere to strict rules regarding client funds segregation, capital adequacy, risk management, anti-money laundering and dispute resolution.

Eternity Prime Ltd., however, is not regulated by any of these authorities, nor by any other recognized regulator in the world. The FMA has explicitly stated that Eternity Prime Ltd. does not have a license to offer investment services in Austria or any other EEA country and that it may be involved in fraudulent or manipulative practices, such as insider dealing, market manipulation or misrepresentation of material information. The FMA has also advised investors to exercise caution when dealing with this broker and to report any suspicious activities to the authorities.

Location of Eternity Prime Ltd.:

Another red flag about Eternity Prime Ltd. is its unclear and dubious location. The website states that the company is registered in St. Vincent and the Grenadines, a Caribbean island nation that is known for its lax regulation and lack of transparency in the financial sector. St. Vincent and the Grenadines does not have a proper regulatory framework for forex and CFD brokers and does not require them to obtain a license or follow any rules regarding client protection or security. Therefore, brokers registered in this jurisdiction are essentially unregulated and can operate with impunity.

Moreover, the website does not provide any physical address or contact details for Eternity Prime Ltd., which makes it difficult to verify its existence or legitimacy. The only way to reach the broker is through an online form or an email address that does not match the domain name of the website. This suggests that Eternity Prime Ltd. may be hiding its true identity and location from its clients and regulators.

Services offered by Eternity Prime Ltd.:

Eternity Prime Ltd. claims to offer online trading services in various financial instruments, such as forex, CFDs, commodities, indices and cryptocurrencies. The website states that the broker provides access to over 250 trading instruments, competitive spreads and leverage up to 1:500. The website also boasts about the broker’s advanced trading platform, educational resources and market analysis.

However, these claims are not backed up by any evidence or verification. The website does not provide any information about the trading conditions, fees, commissions or spreads that apply to each instrument or account type. The website also does not disclose any details about the trading platform, such as its name, features or compatibility with different devices or operating systems. The educational resources and market analysis are also very limited and generic and do not reflect any expertise or professionalism.

Reviews of Eternity Prime Ltd.:

One of the best ways to assess the reputation and reliability of a broker is to look at the reviews and feedback from other traders who have used its services. However, when it comes to Eternity Prime Ltd., there are very few reviews available online, and most of them are negative or suspicious. Many traders have complained about the broker’s poor customer service, delayed or denied withdrawals, false promises and aggressive marketing tactics. Some traders have also accused the broker of being a scam and warned others to stay away from it.

Customer Service of Eternity Prime Ltd.:

Customer service is another crucial aspect of online trading, as it reflects how well a broker treats its clients and how quickly it responds to their queries or issues. A good broker should provide multiple channels of communication with its clients, such as phone, email, live chat or social media, and should be available 24/7 to assist them. A good broker should also have a professional, courteous and knowledgeable staff that can handle any problems or complaints effectively and efficiently.

Eternity Prime Ltd., however, fails to meet these standards of customer service. The broker does not provide any phone number or live chat option for its clients, and the only way to contact it is through an online form or an email address that does not match the domain name of the website. The broker also does not reply to the emails promptly or satisfactorily and often ignores or dismisses the clients’ requests or concerns. Many clients have reported that the broker’s customer service is rude, unhelpful and unprofessional and that they have been harassed or pressured by the broker’s sales agents to deposit more money or to accept unwanted bonuses or offers.

Securing Your Investments Against Unscrupulous Brokers:

As you can see, Eternity Prime Ltd. is a broker that you should avoid at all costs, as it poses a high risk of losing your money and being scammed. However, Eternity Prime Ltd. is not the only broker that operates in this manner, and there are many other unregulated, unlicensed and fraudulent brokers out there that prey on unsuspecting traders. Therefore, it is important to be vigilant and cautious when choosing a broker and to take some measures to secure your investments against unscrupulous brokers.

Some of these measures are:

– Do your research: Before signing up with a broker, make sure to do some background checks on its history, reputation, regulation, location, services, fees and customer service. You can use various sources of information, such as the broker’s website, online reviews, social media, forums, blogs or news articles. You can also check the official websites of the financial regulators in your country or region to see if the broker is authorized or licensed to operate there.

– Read the terms and conditions: Before opening an account with a broker, make sure to read and understand the terms and conditions that apply to your trading activities, such as the deposit and withdrawal methods, fees, commissions, spreads, leverage, margin requirements, bonuses, promotions, incentives or rewards. You should also be aware of any clauses or policies that may limit your rights or expose you to additional risks or liabilities, such as non-withdrawal periods, rollover fees, inactivity fees or account termination fees.

– Test the platform: Before trading with real money with a broker, make sure to test its trading platform using a demo account or a small amount of money. You should check the platform’s functionality, performance, stability and security. You should also verify the accuracy and reliability of the prices, quotes, charts and indicators that the platform provides. You should also evaluate the platform’s user-friendliness, accessibility and compatibility with different devices or operating systems.

– Start small: When trading with a new broker, make sure to start with a small amount of money that you can afford to lose. You should also use low-leverage and risk management tools, such as stop-loss orders or limit orders. You should also diversify your portfolio and trade with different instruments or markets. You should also monitor your trading performance and results regularly and carefully.

– Withdraw regularly: When trading with a broker, make sure to withdraw your profits or funds regularly and frequently. You should also use secure and convenient withdrawal methods, such as bank transfers or e-wallets. You should also keep records of your transactions and communications with the broker. You should also report any problems or issues that you encounter with the broker to the relevant authorities or agencies.

Conclusion:

Eternity Prime Ltd. is a forex and CFD broker that claims to be regulated by the FMA in Austria. However, this claim is false and misleading, as the FMA has issued a warning against this broker for engaging in fraudulent or manipulative practices. Eternity Prime Ltd. is not regulated by any reputable financial authority in the world and is registered in St. Vincent and the Grenadines, a jurisdiction that does not have a proper regulatory framework for forex and CFD brokers. Eternity Prime Ltd. also does not provide any clear or credible information about its location, services, fees or platform. Eternity Prime Ltd. also has very poor customer service and reviews from other traders who have used its services.

Therefore, we advise you to stay away from Eternity Prime Ltd., as it is a high-risk and low-quality broker that may scam you out of your money. Instead, we recommend you choose a regulated, licensed and reputable broker that can offer you a safe, fair and transparent trading environment.