One of the first things you notice about this firm is that they don’t reveal anything about themselves. On top of that, none of the legal documents are available. Therefore, proving who they are becomes an impossible mission.
Still, there are some general signs that the company is fraudulent. Let’s find out all of those signs in this Etora Grand review and help traders stay safe in financial markets.
| Regulated By: | No Regulations |
| Is This Company Safe? | No |
| Known Websites: | Etoragrand.com |
| Have Warnings From: | CNMV |
| Registered In: | UK (allegedly) |
| Operating Since: | 2023 |
| Trading Platforms: | MT4 (allegedly) |
| Maximum Leverage: | 1:200 or higher |
| Minimum Deposit: | 250 EUR |
| Deposit Bonus: | Not available |
| Trading Assets: | Forex, Indices, Commodities, Stocks |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | A company with less than a year of existence already earned a warning and withdrawals can only be considered science fiction there. To get the money out feel free to contact us for detailed refund guidance. |
Legal Info: Is Etora Grand Legit Or A Scam?
If you are still wondering what the flaws of etoragrand.com brokerage are, start with the regulation. Since the company reveals its headquarters address in the UK, we are checking first the FCA database. Keep in mind that all financial institutions in the UK must have their license. However, this investment firm is not on their list.
There you go, the first warning sign. But we were hoping they have some other reputable regulations, such as CFTC, BaFin, ASIC or CNMV. Yet, instead of licensing details, we found a warning. Nothing less but from the Spanish CNMV. To be fair, once you see the trading conditions, you won’t be surprised by this discovery.
Who Are Etora Grand’s Clients?
Generally, Etora Grand reviews are missing. Nobody talks about this brokerage, either good or bad. Thus, the research shows us their website visitors (victims) come mostly from:
- Spain
- India
- Ukraine
- Belgium
Now the warning from CNMV makes even more sense. In any case, there are ways to get the funds back. It only depends on what payment method you were using. If you are looking for solutions, book a free consultation with our refund specialists today.
Leverage, Commissions, Spreads, Fees and Taxes
Generally, the company has quite transparent trading costs. But if those are the only ones, we are about to see. Anyway, legitimate trading firms in the UK can offer the maximum leverage of up to 1:30. Yet, Etora Grand scam broker offers up to 1:200. But also, they claim that the maximum leverage may vary based on clients’ appropriate assessment. Which means they can give you much higher.
Spreads for basic accounts are starting from 1 pip. But if you see Tier 1 licensed firms offering spreads of 0.2 pips, you know why you shouldn’t start here. Not to mention, the company claims to have zero commissions on all accounts. So, how do they make money then? Unless it’s from your deposits.
Bonuses
Surprisingly, this company doesn’t offer any bonuses. At least not transparently. Since they are not revealing their legal documents, we are not able to search for the bonus policy. But we honestly advise you to read the agreement before you deposit any money. To see how the bonuses can affect your payouts, check our Wise Crypto Capital review.
Etora Grand Trading Features
If you look at the company’s presentation, you will see a vast of advanced features promised. In the first place, automated trading, which is generally speculative. On top of that, they are advertising one of the most popular trading software choices. But if that’s true, we’ll see.
Trading Software Available
As mentioned, the software choice of this brokerage is MetaTrader 4. With features like social trading, advanced charting options, and numerous indicators, it’s one of the first choices for any trader. Yet, the download option on the Etora Grand website doesn’t exist.
This might make you wonder if they are offering that at all, or if it’s just a web-based platform with only essential functions available.
Available Trading Assets
Important to realize is that this investment firm is not following trends. They are not offering crypto investments as one of the most volatile and popular options. Instead, traders can choose:
- Currency pairs – USD/GBP, AUD/NZD, EUR/SEK
- Commodities – gold, natural gas, platinum
- Stocks – Amazon, General Motors Company, American Airlines
- Indices – DAX 30, ASX 200, CAC 40
Account Types
Another key fact is that the company offers tech analysis and personalized training only for clients who deposit $500k. Everything before that, you are worthless to them. That tells you enough about their legitimacy. Anyway, the offer consists of:
- Trial – 250 EUR
- Classic – 1.000 EUR
- Silver – 10.000 EUR
- Gold – 25.000 EUR
- Platinum – 100.000 EUR
- VIP – 500.000 EUR
Mobile Trading App
According to this shady brokerage, they are offering an MT4 mobile app. Yet, without a transparent guide for the download option, we highly doubt it. Therefore, iOS and Android traders prepare your nerves. Trading through the browser is not as enjoyable as it sounds.
Demo Account
Another disadvantage of this investment firm is that it is missing a demo account. This way, traders can’t prove if the company is providing what’s advertised. Therefore, you can only believe they are hiding something.
Etora Grand Withdrawal
One of the most worrying things about this company is the lack of withdrawal transparency. In the first place, funding methods are not revealed. But it seems they are promoting crypto transfers. Understandably, they want to hide their identity.
As for withdrawals, you can forget about it. Processing time, fees, or any conditions remain undisclosed. Which means a lot of room for manipulation. To see what tricks swindlers are often using, we recommend you check our Argon Financial review later.
Customer Support
Another disturbing fact about this brokerage is untrusted customer support. They don’t offer any quick response features like live chat or a phone line. Instead, you can send them an e-mail and pray for the answer.
Key Information To Consider About Etora Grand
Since the company is not regulated in the UK, their UK address is most likely a lie. Moreover, none of their legal documents are revealed. All in all, nothing to trust there. Not to mention shady trading software presentation, dangerous trading conditions, and zero funds protection features.
Yet, some traders get persuaded by aggressive salespeople to deposit money. To get it out, it will be harder but not impossible. Luckily, our refund specialists are offering a free first consultation. Contact us and book yours now!
FAQ Section
What is Etora Grand?
Etora Grand is an anonymous and highly suspicious trading company offering services allegedly from the United Kingdom.
Is Etora Grand a Legit Broker?
Not at all. Not only they are operating without regulations but there is a warning issued against them by CNMV.
Is It Possible to Recover Money From a Financial Fraud?
Definitely. It only depends on what method you will use. But for detailed advice and step-by-step guidance, contact our refund team.
