ePlanet Brokers

ePlanet Brokers offers a vital service in the expansive Forex trading market, where a broker’s role is indispensable for facilitating retail trades. ePlanet Brokers stands out by providing a reliable and secure trading platform, professional support, and access to 29 Forex currency pairs, making it an appealing choice for traders. This article aims to provide detailed insights into ePlanet Brokers, ensuring traders make informed decisions when selecting their preferred trading platform.

ePlanet Brokers

In the vast world of Forex trading, conducting transactions without a brokerage, or broker, is practically impossible. Therefore, it’s essential for traders to select the most suitable broker based on their budget and needs before entering the market. But what role do brokers play? Essentially, brokers facilitate retail trading and brokerage by preparing a suitable platform, thus enabling traders to access the Forex market.

While there are many reputable brokers, choosing the right one can be a daunting task. ePlanet Brokers, offering an efficient and secure platform, professional support, and the ability to trade across 29 Forex currency pairs, presents itself as a viable option.

This article will share all the pertinent information about ePlanet Brokers, so stay with us.

Broker History

ePlanet Brokers can be considered a newcomer in the brokerage world. Although registered in England in 2022, according to the ePlanet team, the company began its journey two years prior, initially providing Forex market news, events, and fundamental and sentiment analyses via ePlanet radio and later in video format.

ePlanet Brokers strives to bring financial market traders together through robust infrastructure and extensive collaboration with major global organizations. The company, officially registered as EPLANET BROKERS LTD in England and Wales, offers services in four key areas:

1. Collaboration with financial services holding companies
2. Open investment company partnerships
3. Financial market management
4. Securities and commodities contract trading activities

Broker Accounts

After introducing the broker’s history and background, we move on to the different types of trading accounts at ePlanet. Account types include 1. ECN, 2. TRAINING, and 3. ECN Islamic. Depending on your trading style and requirements, you can choose the most suitable account type and begin the registration process. The brokerage also offers trading on 33 diverse symbols, including 29 currency pairs, precious metals (gold and silver), and crude and Brent oil.

ECN Standard Account
The ECN Standard account is popular among both novice and professional traders due to its unique features such as lower spreads, faster execution, more accurate pricing, and market depth. The extremely low spreads are particularly appealing to scalpers and high-volume traders.

Key features include:

• Minimum deposit of $100
• Leverage ranging from 1:100 to a maximum of 1:500
• A spread of 0.9 for all accounts

TRAINING Account

For newcomers to the Forex market, it’s often recommended to start with a demo account. However, many trading experts believe trading in demo accounts can be misleading due to the lack of real trading emotions. Hence, opening a real yet low-risk account is advisable. The Training account requires a minimum deposit of $20 to a maximum of $100, allowing you to familiarize yourself with the platform environment, test strategies, and trade with up to 1:4000 leverage.

ECN Islamic Account

The ECN Islamic account, free from overnight interest and swap fees, allows traders to engage in trading without incurring swap charges. The minimum deposit for an ECN Islamic account is $100, with leverage options ranging from 1:100 to 1:500.

Trading Platforms

Initially, ePlanet Brokers supported only the cTrader trading platform, but recently MetaTrader 5 has also been added to its offerings. Many traders find trading on cTrader easier and faster due to its user-friendly visual interface and organized menus. However, MetaTrader 5 provides a more professional experience with comprehensive information.

The exciting news is that users can download and activate all trading platforms on Android, iOS, desktop, and web versions.

Deposit and Withdrawal Methods

One of the critical concerns for traders is the method of depositing and withdrawing funds. ePlanet Brokers offers various transaction methods, including:

• Online payment gateways
• Deposit and withdrawal in fiat currency
• Crypto gateways (Tether, Ethereum, Bitcoin)

Pros and Cons of the Broker

Finally, we examine the advantages and disadvantages of this newly established broker. Like any broker, ePlanet Brokers has its set of strengths and weaknesses.

Advantages of ePlanet Brokers include:

• Transparent legal information
• Multilingual website and support
• Local currency deposit and withdrawal options
• Minimum deposit requirements

Disadvantages might include:

• Lack of tier 1 or 2 regulation
• Short establishment period
• Lack of payment gateways such as PayPal, Visa, and MasterCard

In conclusion, while it’s relatively early to provide a definitive assessment of ePlanet Brokers, trader feedback suggests satisfactory performance in terms of execution speed, no manipulation of candles, fundamental analysis, and an active social network.

We hope this article has been informative and helpful in introducing ePlanet Brokers.