eplanet

ePlanet Brokers LTD is an online forex and CFD broker established in 2023 (company materials state 2022) and headquartered in Comoros. The broker offers trading in forex, metals, and commodities through the MetaTrader 5 and cTrader platforms. ePlanet positions itself as a modern, technology-driven broker catering to both novice and experienced traders, with a focus on fast execution and low spreads.

The broker holds a Derivatives Trading License (EP) from the Financial Sector Conduct Authority (FSCA) of South Africa, license number 52199. The FSCA is a reputable regulator in the region, though it does not offer the same level of investor compensation as some European regulators. ePlanet is not registered with any other major financial authority. Traders should be aware that regulatory oversight is limited to South Africa, and the broker’s base in Comoros falls under a less stringent jurisdiction.

ePlanet provides five main live account types: Elite, ECN, Zero, Gold Special, and Gold. Minimum deposits range from $30 (Zero account) to $500 (Elite, Gold Special, Gold). All accounts offer maximum leverage of 1:500.

Spreads vary: Elite, Gold Special, and Gold start from 0 pips; ECN from 6 pips; Zero from 9 pips. Commission structures differ by account: $4 per lot on Elite, $5 per lot on ECN, $8 per lot on Gold Special and Gold, and no commission on the Zero account. The broker also offers a demo account for practice.

Traders can access two industry-standard platforms: MetaTrader 5 (MT5) and cTrader. Both platforms are known for advanced charting, automated trading via Expert Advisors or cBots, and user-friendly interfaces. The available instruments include forex pairs, precious metals (e.g., gold, silver), and commodities (e.g., oil). ePlanet does not currently offer stocks, indices, or cryptocurrencies as direct instruments.

Deposits and withdrawals are exclusively processed via cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH). The broker emphasizes that crypto transactions are fast and secure, with deposits typically credited within minutes. Withdrawals are processed in the same cryptocurrencies. No fiat currency options (bank wire, credit card) are available. The minimum deposit is $30, and there are no deposit fees mentioned.

ePlanet offers customer support via multiple channels, including live chat and email. The support team is available 24/7 according to the broker’s claims. The broker also provides standard educational resources such as a FAQ section and market analysis tools. Advanced educational materials are not explicitly listed.

ePlanet is designed for traders who are comfortable with cryptocurrency-only transactions and are seeking high leverage (up to 1:500) with low entry barriers. The variety of account types caters to different trading styles: ECN accounts for scalpers, Zero accounts for cost-conscious traders, and Elite accounts for high-volume traders. The broker is less suitable for those requiring fiat payment methods or stronger regulatory oversight from top-tier authorities.