EO Broker has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Carrying on unlicensed capital market activities of dealing in securities This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The onboarding at EO Broker was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Portfolio tracking tools|Customizable dashboard
Cons: No crypto staking
Tried to withdraw my funds from EO Broker and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
I opened an account with EO Broker for just over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Great customer service|Transparent fees|Responsive team
Cons: Currency conversion fee exists|Limited demo account features
EO Broker had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Low minimum deposit|Multi-device support|API access|Easy withdrawals
Cons: Mobile app could be improved|Email notifications too frequent
I lost a significant amount because EO Broker did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Wide product range|Personal attention|Multi-currency support|Fast support response
Cons: Inactivity fee applies after 12 months|Website design could be more modern
Several red flags with EO Broker: (1) They promise unrealistically high returns, (2) They're not registered with Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Securities Commission|Cannot verify credentials
I referred a friend to EO Broker after my brother mentioned them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Quick verification|Multi-device support
Cons: Currency conversion fee exists
The mobile app from EO Broker is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Dedicated account manager|Excellent charting|Reliable uptime|Comprehensive tools
Cons: Minimum deposit could be lower|Spreads widen during volatile periods
Do not believe the bonus offer from EO Broker. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a family member had a good experience and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Clean UI|Good analytical tools|Excellent charting
Cons: Would like more payment methods
The reporting at EO Broker is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Customizable dashboard|Clear documentation|Multi-currency support
Cons: Limited social trading features