Overview

EACHMARKETS, an unregulated broker based in the United Kingdom, presents a concerning profile for potential traders. With a lack of regulatory oversight, clients are left vulnerable to potential risks and fraudulent activities. The Starter Account requires a minimum deposit of $100, offering spreads starting from 1.0 pip and leverage of up to 1:500. However, the absence of educational resources and the uninspiring MetaTrader 4 and MetaTrader 5 trading platforms make it a less-than-ideal choice for traders seeking support and innovation. Criticisms regarding customer support, including slow response times, further raise doubts about the broker's reliability. Additionally, the company's website being down at the time of evaluation adds to the list of concerns, making EACHMARKETS a questionable option for those looking to engage in online trading.

Regulation

Unregulated.EACHMARKETS operates as an unregulated broker, a crucial aspect that raises significant concerns about its credibility and the level of protection it provides to its clients. The absence of regulatory oversight means that the broker is not held accountable to the stringent standards and safeguards typically imposed by reputable financial regulatory authorities. This lack of oversight can expose traders to heightened risks, including potential fraudulent activities, insufficient fund security measures, and a dearth of mechanisms for dispute resolution. Unregulated brokers often lack the transparency and accountability necessary to ensure fair and ethical trading practices, making it essential for traders to exercise extreme caution when considering ANYMARKETS as their trading platform of choice.

Pros and Cons

EACHMARKETS presents a mixed bag of advantages and disadvantages. While it offers a diverse range of market instruments and high leverage, its lack of regulatory oversight raises concerns about its legitimacy. The broker's transparency regarding account tiers and minimum deposits is limited, and it lacks educational resources for traders. Additionally, the deposit and withdrawal methods are inefficient, and the trading platforms are uninspiring. Customer support may be hindered by language barriers and potential call charges. Traders should weigh these pros and cons carefully when considering EACHMARKETS for their trading needs.

Market Instruments

EACHMARKETS offers a seemingly extensive range of market instruments, but this raises concerns about its suitability for traders. The broker provides access to various financial markets, purportedly enabling traders to participate in a wide array of assets. However, examining the main market instruments available at EACHMARKETS reveals areas of potential concern:

1. Forex Trading:

   EACHMARKETS covers major, minor, and exotic currency pairs in the Forex market. While this appears promising, it also exposes traders to the volatile exchange rate movements between different global currencies. Major pairs include the US Dollar (USD), Euro (EUR), British Pound (GBP), and Japanese Yen (JPY). Minor pairs involve lesser-known currencies paired with major ones, while exotic pairs carry the risk of currencies from emerging or smaller economies.

2. Index Trading:

   For those interested in index trading, EACHMARKETS offers access to widely tracked indices worldwide, including NASDAQ, S&P500, Dow Jones, DAX30, CAC40, FTSE100, and Nikkei225. However, trading indices can be risky, as investors speculate on the overall performance of specific markets or sectors without investing in individual stocks.

3. Commodity Trading:

   EACHMARKETS claims to offer commodity trading, including popular choices such as Gold, Silver, Oil, and Natural Gas. However, this introduces additional risk factors. Commodities can help diversify portfolios and hedge against economic uncertainties, but the safe-haven status of Gold and Silver and the volatility of Oil and Natural Gas add layers of risk.

4. Cryptocurrency Trading:

   In the era of digital assets, EACHMARKETS delves into cryptocurrency trading with major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Cryptocurrencies are known for their decentralized nature and high volatility, but they also present unique risks, including the potential for substantial gains and losses.

Overall, EACHMARKETS's purported broad range of market instruments may not be as advantageous as it first appears. The diversity it offers comes with elevated risks and potential pitfalls, which traders must carefully consider before engaging.

Account Types

Starter Account: EACHMARKETS offers a Starter Account aimed at beginners, but it requires a minimum deposit of $100. While this might seem reasonable, competitive spreads starting from 1.0 pip may not be as advantageous as they sound, and the leverage of up to 1:200 can lead to significant losses. Additionally, the simplicity of this account may mask limitations for more experienced traders.

Advanced Account: The Advanced Account at EACHMARKETS targets experienced traders, necessitating a minimum deposit of $1,000. Tighter spreads starting from 0.5 pips might attract traders seeking reduced costs, but this account's value proposition lacks clarity. Like the Starter Account, it may not offer the features and benefits required by sophisticated traders.

Pro Elite Account: The Pro Elite Account supposedly caters to professional traders and high-net-worth individuals, with a minimum deposit requirement of $10,000. It boasts the tightest spreads starting from 0.1 pip and leverage of up to 1:500. However, this elite status comes with an air of exclusivity that may alienate traders looking for transparency and inclusivity.

In summary, EACHMARKETS's account offerings, while appearing diverse, raise questions about their true value and suitability for traders. Minimum deposit requirements, spreads, and leverage ratios may not align with the expectations and needs of all traders.

Leverage

EACHMARKETS offers a maximum trading leverage of up to 1:500, which may initially seem enticing. However, this high leverage, while potentially amplifying profits, also poses a significant risk. With such leverage, traders can control substantial positions with relatively small capital. The allure of magnified gains may lead to overexposure and substantial losses. The availability of high leverage at EACHMARKETS should be regarded with caution, as it can be a double-edged sword that inexperienced traders may not fully comprehend, potentially leading to their financial detriment.

Spreads & Commissions

When considering spreads and commissions at EACHMARKETS, the situation becomes murkier. The broker offers three account types, each with its own set of trading conditions:

Starter Account: Traders using the Starter Account can benefit from competitive spreads starting from 1.0 pip. While this might sound appealing, the absence of specific information on commissions leaves traders in the dark regarding the full extent of their potential trading costs.

Advanced Account: The Advanced Account offers tighter spreads starting from 0.5 pips, promising reduced trading costs. However, as with the Starter Account, details on commissions are conspicuously absent, leaving traders uncertain about the true cost of trading.

Pro Elite Account: The Pro Elite Account touts the tightest spreads starting from 0.1 pip, which may attract professional traders. Yet, the lack of information on commissions remains a glaring omission, preventing traders from fully understanding the financial implications of this account.

In conclusion, the ambiguity surrounding spreads and commissions at EACHMARKETS raises doubts about the transparency and trustworthiness of its pricing structure. Traders must tread carefully in the absence of comprehensive information.

Deposit & Withdrawal

Examining deposit and withdrawal methods at EACHMARKETS reveals a less-than-ideal scenario:

Deposit Methods:

• Bank Wire Transfers: While accepted, this method presents inconveniences, including potential delays and additional fees from banks involved in the transaction. The lack of convenience may deter traders seeking smoother deposit options.

• Credit/Debit Card Payments: EACHMARKETS does accept major credit cards like Visa, MasterCard, or Maestro. However, the possibility of additional fees for international transactions raises concerns about unexpected costs.

• E-Wallet Services: EACHMARKETS supports e-wallets like Skrill, Neteller, and PayPal. Yet, the limited range of options and potential fees imposed by e-wallet service providers may not satisfy all traders, hampering their flexibility.

Withdrawal Methods:

• Bank Wire Transfers: This withdrawal method is prone to delays due to the involvement of multiple banks and international transaction processes. Additional fees from intermediary banks and the recipient's bank can further erode the funds received.

• Credit/Debit Card Refunds: While seemingly convenient, the potential for restrictions imposed by card issuers and withdrawal delays casts doubts on the reliability of this withdrawal option.

• E-Wallet Withdrawals: E-wallet withdrawals may offer shorter processing times, but traders should exercise caution regarding withdrawal fees imposed by service providers, which could diminish the funds received.

In summary, EACHMARKETS's limited and inefficient deposit and withdrawal methods, coupled with potential delays and fees, create a less-than-optimal environment for financial transactions.

Trading Platforms

EACHMARKETS's trading platform selection, while technically functional, lacks the innovation and distinction needed to stand out in the competitive brokerage landscape:

• MetaTrader 4 (MT4): EACHMARKETS offers the widely-used MT4 platform, which, while suitable for beginners, lacks advanced tools and features sought by seasoned traders. The absence of proprietary platforms or exclusive trading tools suggests a lack of investment in research and development to provide cutting-edge solutions.

• MetaTrader 5 (MT5): EACHMARKETS also provides the MT5 platform, which, like its predecessor, offers a familiar but somewhat outdated trading experience. The absence of groundbreaking features and customization options leaves traders wanting more.

While EACHMARKETS does mention mobile trading apps for Android and iOS devices, their reliability and performance remain uncertain. Traders may grow frustrated with subpar mobile trading experiences, potentially missing out on crucial market opportunities.

In conclusion, EACHMARKETS's choice of trading platforms appears uninspiring and outdated, lacking the innovation and modernity demanded by traders in today's dynamic financial markets. With limited options and a dearth of unique features, traders may find other brokers more appealing, offering a broader range of cutting-edge trading platforms and tools.

Customer Support

While EACHMARKETS does provide alternative email contacts for customer support, it's important to note that their customer support has been consistently criticized for its lackluster performance. Many traders have reported slow response times, generic and unhelpful responses to queries, and a general lack of effectiveness in resolving issues. The use of multiple email addresses, including markets@eachmarkets.com and support@eachmarkets.com, may contribute to a confusing and disjointed support experience. Overall, the customer support provided by EACHMARKETS falls short of the expected standards, leaving traders with limited confidence in their ability to receive timely and meaningful assistance.

Educational Resources

EACHMARKETS's offering in terms of educational resources is notably lacking. The absence of educational materials, such as tutorials, webinars, or written guides, raises concerns about the broker's commitment to helping traders enhance their skills and knowledge.

Without access to educational resources, traders, especially beginners, may find it challenging to navigate the complexities of financial markets and make informed trading decisions. This gap in support for traders looking to improve their understanding of trading concepts and strategies may deter potential clients who prioritize access to educational content.

Summary

In summary, EACHMARKETS presents a host of concerns and uncertainties across its services. Its suspected clone firm status raises regulatory red flags, casting doubt on its legitimacy and investor protection. Market instrument offerings, account types, and leverage options come with potential pitfalls and may not align with traders' needs. Ambiguity surrounding spreads and commissions, limited deposit/withdrawal methods, and outdated trading platforms further detract from its appeal. Customer support options and educational resources fall short, leaving traders seeking a seamless and supportive experience wanting. Overall, traders should exercise caution and consider alternatives due to the lack of regulation, potential clone firm status, and multiple shortcomings that pose risks to investments and trading experiences.

FAQs

Q1: Is EACHMARKETS a regulated brokerage？

A1: No, EACHMARKETS operates without regulation, raising concerns about its legitimacy and investor protection.

Q2: What is the maximum leverage offered by EACHMARKETS？

A2: EACHMARKETS offers a maximum leverage of up to 1:500, which can amplify both potential gains and losses.

Q3: Are there educational resources available at EACHMARKETS？

A3: No, EACHMARKETS lacks educational materials, leaving traders without access to tutorials or guides to enhance their trading knowledge.

Q4: What deposit methods does EACHMARKETS offer？

A4: EACHMARKETS provides limited deposit options, including bank wire transfers, credit/debit card payments, and select e-wallet services.

Q5: Does EACHMARKETS offer innovative trading platforms？

A5: No, EACHMARKETS offers the widely-used MetaTrader 4 and MetaTrader 5 platforms but lacks distinctive features or cutting-edge solutions.