EPlanet Broker Review: Detailed Look at Regulation, User Experiences & Reported Complaints

If you are considering investing with EPlanet. You should be cautious and do thorough research first. Many users across various platforms often report issues such as delayed withdrawals, unexpected account restrictions, or difficulty accessing their funds. Staying informed about other users experiences can help you make a safer and more confident investment decision.

To protect you from potential scams, we have prepared this EPlanet Broker Review to ensure your investments remain safe.

EPlanet Broker Regulation

According to information on the official EPlanet website, the broker states that eplanet Brokers LTD is duly incorporated and registered in Fomboni, Island of Mohéli, Comoros Union, under the International Companies Act 2006. The company bears the International Business Company (IBC) registration number HY00923038, which establishes its legal standing and corporate existence in accordance with the applicable statutory framework of the Comoros Union.

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However, the broker is registered in Comoros Union, which is considered an offshore jurisdiction. This means EPlanet is not regulated by reputable authorities such as SEBI (India), ASIC (Australia), or FCA (UK).

Offshore regulatory frameworks generally do not provide strong investor protection, and depositing money with such brokers involves significant risk. If any issue arises, you will not receive the financial protection that well-regulated brokers offer.

EPlanet Trading Platform

EPlanet broker has four types of accounts: Zero, ECN, Gold, and Elite. The minimum deposit for the Zero account is $30, for the ECN account it is $300, for the Gold account it is $500, and for the Elite account it is $3,000. Leverage for all account types is available up to 1:500, allowing traders flexibility in managing their positions.

EPlanet Trading Platform

EPlanet provides its clients with access to the MetaTrader 5 (MT5) platform, a widely used and professional trading environment. Through MT5, traders can access advanced charting tools, automated trading options, multiple order types, and real-time market analysis. EPlanet offers four account types—Zero, ECN, Gold, and Elite.

Major Complaints Reported by Users

1. EPlanet is a Scam Broker

A real user reported that EPlanet is a scam. After funding his account, it was frozen, and customer support stopped replying.

2. Customer Support Not Responding

Another trader mentioned that he did not receive any response from EPlanet support. He sent three emails but got no reply. Even in the online chat, his account was blocked. Later, the broker claimed they suspected him of arbitrage and refused to return either his profit or deposit.

3. Frozen User Accounts

One user reported that EPlanet froze his account, and the customer support team stopped responding entirely.

4. Earnings Not Paid

A user stated that although it is possible to earn money on EPlanet, the broker finds excuses not to pay. They reportedly took $2,900 from a user, and customer support did not respond to any of his requests.

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