EterWealth broker – Is It Regulated and Legit?

Regulatory Status – Is EterWealth Regulated?

EterWealth operates under the entity ETERWEALTH (AUS) PTY LIMITED, which is listed as an Appointed Representative (AR) with the Australian Securities and Investments Commission (ASIC) under license number 001308328.

Fund Protection – How Safe Is Your Money?

EterWealth places notable emphasis on fund safety, stating that customer deposits are protected through the following mechanisms:

• Segregated Accounts: Client funds are held in segregated accounts at Tier 1 banks, ensuring they are not mixed with company operational capital.
• Banking Partnerships: The broker partners with leading international financial institutions, though specific bank names are not disclosed.
• Negative Balance Protection: This mechanism protects clients from losing more than their account balance, especially during volatile markets.

While these are essential safety features, no investor compensation fund or insurance policy has been explicitly mentioned. Additionally, the lack of transparency about bank names and jurisdictions may limit full confidence.

FAQs about EterWealth Broker Safety and Regulation

Is EterWealth regulated by ASIC?

EterWealth claims to be an Appointed Representative under ASIC (No. 001308328).

What is the significance of an Appointed Representative status?

It allows a firm to operate under another licensed companys oversight. It is not equivalent to full ASIC licensing.

How does EterWealth protect my funds?

Funds are held in segregated accounts at Tier 1 banks and backed by negative balance protection.

Are my deposits insured?

EterWealth does not disclose participation in any compensation or deposit insurance schemes.

Does negative balance protection apply to all accounts?

Yes, EterWealth claims that negative balance protection is available for all account types.