Multiple users have MT4 reliable dealerrecently filed serious complaints against EET Markets Global Limited, also known as EE TRADE, raising red flags for anyone considering trading on this platform.

Complaint 1: Fake Regulation and Aggressive Marketing

A trader alleged the platform engaged in false advertising, luring users with claims of being regulated by major global authorities. Here’s what the platform claims:

• EET Markets Global Limited is allegedly authorized by Saint Lucia’s International Financial Centre (IFC) to offer OTC derivatives.

• EE TRADE GLOBAL LIMITED reportedly holds a U.S. MSB license (No. 31000242296630).

• EE TRADE AU PTY LTD claims to be an authorized representative under Australia’s ASIC, using AFSL No. 001312860.

But let’s break this down:

1. Saint Lucia IFCis not a financial regulator—it's a company registry. It does not supervise trading platforms.

2. The MSB license in the U.S. only covers money remittance and currency exchange, not forex or derivatives trading. 

3. As for the Australian license, the number listed doesn’t match any known AFSL entity in ASIC’s official register, and ASIC has no record of EE TRADE AU as a licensed broker.

In short: These licenses do not authorize the kind of trading services EET Markets advertises. Users may believe they’re protected by regulation—but they’re not.

In addition, The platform allegedly encouraged deposits via “bonus” campaigns and manipulated trades to trigger losses. All deposits were reportedly made to personal bank accounts, with no regulated third-party fund custody in place.

Complaint 2: Company Rebranding to Avoid Responsibility

A user reported that funds withdrawn from the platform in early 2023 were later frozen and forcibly deducted by local authorities in late 2023. Despite providing official documentation proving the case, the platform allegedly refused compensation, claiming the matter was “too old.” This highlights a possible tactic of rebranding (e.g., from BT Global to EET Markets) to dodge accountability.

                  

                  

Complaint 3: App Switch, Account Losses, and Suspicious Practices

One user started trading on a platform called “Anxin” and later found it had morphed into the EE TRADE app without notice. Frequent calls from platform agents allegedly pressured the user into repeated deposits and risky trades, eventually resulting in over 13,000 yuan in losses. The app was said to be unstable, with order lags and frequent slippage, leading to forced liquidations. The funds, again, were routed through private accounts, raising questions of fraud, illegal trading, and potential money laundering.

                  

Key Risks Seen Across These Cases:

1. Misleading Regulation Claims: Licenses listed do not cover forex or derivatives trading.

2. Unlicensed Operations: Services are offered without proper oversight.

3. Use of Private Bank Accounts: A clear red flag—no trusted broker does this.

4. Possible Trade Manipulation: Sudden price changes, execution lags, and forced closures.

5. Pushy Sales Tactics: Constant phone calls promoting “bonus gifts” and “rebates.”

6. Privacy Concerns: Continued calls after app deletion suggest possible data misuse.

What Can You Do?

1. Gather and back up screenshots, chat logs, transaction records, and call logs. 

2. Report the case to your local police, financial regulators, or fraud centers. 

3. Never trust platforms that ask you to deposit money into personal accounts. 

4. If a broker makes regulation claims, double-check with the actual authority website. 

Stay informed. If a platform promises big bonuses and fast profits, do your homework first — especially when real regulation and fund security are unclear.   

Before trading, check brokers in FTI app; if you encounter any problems, you can file a complaint for help.

Click here to see how to check if a broker is safe and what to do if you encounter a scam broker.

Click here to recognize common investment trading scams to avoid being scammed.

In the FTI app, you can refer to the top 100 forex brokers for your trading needs. If a broker is not in the top 100, pay close attention to their regulatory licenses, white label relationships, and risk warnings.

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