Brokers  /  Etrader

Etrader

Moderate riskForex / CFD broker
🇨🇾 Cyprus · 5-10 years · since 2019-05-06 · Goldenburg Group Limited
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Independent ratingshow third parties score this broker
WikiFX1.58/10
Trustpilot/5
Forex Peace Army/5
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No sign that Etrader actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
36
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Limited public information available
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)5010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameGoldenburg Group Limited
Headquarters🇨🇾 Cyprus
Founded2019-05-06
Years operating5-10 years
Employees0
Official websiteetrader.eu
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments
Registered address
46 Ayiou Athanasiou, Ayios Athanasios, Interlink Hermes Plaza, 4102 Limassol, Cyprus.

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECForex Execution License (STP)242/14Cyprus

Review analysis AI

Etrader is a relatively new forex broker registered in Cyprus with a CYSEC STP forex licence. The FXCanary Scam Risk Score of 36/100 (Guarded) reflects the lack of independent user reviews and limited publicly verifiable information, while noting the presence of a regulatory licence. Prospective traders should exercise caution and conduct thorough research before engaging with this broker.

Best for
  • Traders seeking a Cyprus-based broker with CYSEC regulation
  • Experienced traders who can conduct independent due diligence
Not for
  • Traders requiring top-tier regulation (e.g., FCA, BaFin)
  • Beginners who rely on user reviews and community feedback
Period:
What users praise
Where reviewers are from
Australia2
Argentina1

Real user reviews

Where Etrader operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇧🇪 Belgium
🇨🇾 Cyprus Licensed

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About Etrader

Overview

Etrader is a retail forex and CFD broker registered in Cyprus and operating under the domain etrader.eu. The firm was founded on 6 May 2019 and is headquartered in Limassol, with a registered address at 46 Ayiou Athanasiou, Ayios Athanasios, Interlink Hermes Plaza, 4102 Limassol, Cyprus. It maintains a presence on social media platforms including Facebook and Instagram.

As of the time of this review, Etrader has no independent user reviews available in public databases, making it difficult to assess client experiences from third-party sources. Prospective traders should be aware that the absence of user feedback is a significant gap in available information.

Regulation and Safety

Etrader reports a Cyprus Securities and Exchange Commission (CYSEC) licence for a Forex Execution License (STP). The regulatory status is recorded in our files, but no specific licence number or status detail (e.g., active, pending) was provided. CYSEC is a recognised European regulator under MiFID II, offering a standard level of investor protection, including access to the Investor Compensation Fund (ICF) for eligible clients.

However, the lack of publicly verifiable regulatory details and the absence of user reviews limit independent confirmation of the broker’s operational integrity. Traders are advised to cross-check the CYSEC register directly for the most current licence information.

Company Background

Etrader was established in 2019, making it a relatively new entrant in the retail forex market. Its base in Limassol, Cyprus, places it within a jurisdiction that hosts numerous forex brokers due to the favourable regulatory framework offered by CYSEC.

The company’s official domain is etrader.eu, which suggests a European focus. No further information on ownership, group structure, or operational history beyond the 2019 founding date is available from our known facts.

Account Types and Trading Conditions

Our known facts do not include specific details on account types, spreads, commissions, or minimum deposit requirements. Without official website data or third-party descriptions, we cannot reliably outline the trading conditions offered by Etrader.

Given the lack of public information, traders considering this broker should seek direct clarification from Etrader’s customer support or official documentation before committing funds.

Platforms and Instruments

No information is provided regarding the trading platforms (e.g., MetaTrader 4/5, cTrader) or the range of instruments (forex pairs, indices, commodities, cryptocurrencies) that Etrader may offer. The known facts only confirm a forex execution licence, implying forex trading is available, but the full product palette is unknown.

Potential clients should verify the available trading software and asset classes directly with the broker to align with their trading needs.

Funding and Support

Details on deposit and withdrawal methods, processing times, fees, and customer support channels are absent from our records. Etrader’s social media presence suggests some level of public engagement, but the quality and responsiveness of support remain unverified.

Traders are strongly encouraged to test customer service responsiveness and review any available terms and conditions before depositing funds.

Target Audience

Etrader appears to target retail forex traders, particularly those within the European Economic Area who prefer a broker regulated by a MiFID-compliant authority. The Cyprus base and CYSEC licence make it potentially suitable for traders seeking a balance between regulatory protection and trading flexibility.

However, the scarcity of independent reviews and limited public information means that only experienced traders willing to conduct their own due diligence should consider this broker. Beginners may find the lack of community feedback challenging.

Overview compiled by FXCanary from regulatory records and public data. full Etrader review