Eternity Prime Ltd. – Review

Eternity Prime Ltd.

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Eternity Prime Ltd.

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Caution Investors Eternity Prime Ltd. – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)

Overview of Eternity Prime Ltd.:

Eternity Prime Ltd. is a company that operates as a forex and CFD broker under the brand name Eternity Prime. According to its website, the broker offers over 200 trading instruments, including currency pairs, indices, commodities, stocks, and cryptocurrencies. The broker also claims to provide various trading platforms, such as MetaTrader 4, MetaTrader 5, WebTrader, and mobile apps. The broker states that it has offices in London, Dubai, and Hong Kong.

Regulation and Compliance of Eternity Prime Ltd.:

However, the registration and location of Eternity Prime Ltd. are questionable and raise serious concerns about its legitimacy and credibility. Therefore, brokers registered in offshore locations are not bound by any rules or standards of conduct and can operate with impunity. Moreover, the FMA has warned that Eternity Prime Ltd. is not authorized to offer investment services in Austria or any other country in the European Economic Area (EEA). The FMA has also advised investors to exercise caution when dealing with this broker and to report any suspicious activities to the authorities.

Customer Reviews of Eternity Prime Ltd.:

The customer reviews of Eternity Prime Ltd. are mostly negative and reveal a pattern of deception, manipulation, and fraud. Many customers have complained that the broker has refused to process their withdrawal requests, charged them hidden fees, manipulated their trading results, closed their accounts without notice, and harassed them with phone calls and emails. Some customers have also reported that the broker has used fake testimonials, awards, and endorsements to lure them into depositing money.

Products and Services Offered By Eternity Prime Ltd.:

The products and services offered by Eternity Prime Ltd. are not reliable or trustworthy, as they are based on false or misleading information. The broker claims to offer competitive spreads, fast execution, high leverage, low minimum deposit, free education, and professional support. However, these claims are contradicted by the customer reviews and the FMA warning. The broker’s spreads are variable and often widen significantly during volatile market conditions. The execution is slow and prone to slippage and requotes. The leverage is excessive and risky, as it can amplify both profits and losses. The minimum deposit is not clearly stated on the website and may vary depending on the account type and payment method. The education is superficial and outdated, as it does not cover the basics of forex and CFD trading or the risks involved. The support is unresponsive and unprofessional, as it does not address the customer’s issues or concerns.

Location of Eternity Prime Ltd.:

The location of Eternity Prime Ltd. is unclear and dubious, as it does not match the information provided on its website or its registration documents. The website of the broker’s address is shared by many other offshore brokers that have been blacklisted by various regulators around the world. The website also states that the broker has offices in London, Dubai, and Hong Kong. However, these addresses are either virtual or belong to other businesses that have no connection to Eternity Prime Ltd.

Customer Service Provided By Eternity Prime Ltd.: 

The customer service provided by Eternity Prime Ltd. is poor and unsatisfactory, as it does not meet the expectations or needs of the customers. The broker provides three ways to contact its support team: phone, email, and live chat. However, none of these methods are effective or helpful, as they either do not work or do not resolve the customer’s problems. The phone number is often busy or unavailable, the email is ignored or answered with generic responses, and the live chat is offline or unresponsive.

Defensive Measures Against Fraudulent Brokers:

The best way to avoid falling victim to fraudulent brokers like Eternity Prime Ltd. is to do thorough research before choosing a broker to trade with. Some of the defensive measures that investors can take are:

– Check the broker’s regulatory status and license number on the official websites of the relevant authorities, such as the FMA, the Financial Conduct Authority (FCA), or the Cyprus Securities and Exchange Commission (CySEC).

– Read the broker’s terms and conditions, privacy policy, risk disclosure, and other legal documents carefully and look for any hidden fees, clauses, or limitations.

– Verify the broker’s address, phone number, email, and website domain and look for any inconsistencies, errors, or red flags.

– Read the customer reviews and feedback on reputable websites, such as Trustpilot, Forex Peace Army, or Scam Broker Investigator and look for any common complaints, issues, or warnings.

– Test the broker’s trading platforms, products, services, and support with a demo account or a small deposit and see how they perform and respond.

– Use secure and traceable payment methods, such as credit cards, debit cards, or e-wallets and avoid using wire transfers, cryptocurrencies, or prepaid cards.

– Withdraw your profits regularly and keep a record of your transactions and communications with the broker.

Conclusion:

Eternity Prime Ltd. is a forex and CFD broker that has been flagged by the FMA for engaging in fraudulent or manipulative practices. The broker is not regulated or supervised by any reputable authority and operates from an offshore jurisdiction. The broker’s products and services are not reliable or trustworthy, as they are based on false or misleading information. The broker’s location is unclear and dubious, as it does not match the information provided on its website or its registration documents. The broker’s customer service is poor and unsatisfactory, as it does not meet the expectations or needs of the customers. The customer reviews of Eternity Prime Ltd. are mostly negative and reveal a pattern of deception, manipulation, and fraud. Therefore, we advise investors to stay away from this broker and to report any suspicious activities to the authorities.