Eronto has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was about to invest with Eronto but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comisión para el Mercado Financiero (Financial... has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Comisión para el Mercado Financiero (Financial...|Cannot verify credentials
After for about five months with Eronto, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: No hidden fees|Social trading features|Automated trading options|Tax reports included
Cons: No fractional shares|None so far
I experienced a security concern with my Eronto account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: No hidden fees|Reliable uptime
Cons: Email notifications too frequent
The spread at Eronto is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Real-time alerts|Helpful community forum|Easy to use platform|Reliable uptime
Cons: Would like more payment methods|Live chat only during business hours
I lost a significant amount because Eronto 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: Copy trading available|Two-factor authentication|Smooth onboarding
Cons: Spreads widen during volatile periods|Limited ETF selection
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Eronto is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
The mobile app from Eronto 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: Easy withdrawals|Multi-device support
Cons: Cannot customize dashboard fully
I requested my data from Eronto under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Easy to use platform|Portfolio tracking tools|API access|Full transparency
Cons: Limited cryptocurrency options|None so far
I had a dispute with Eronto and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Regular platform improvements|Great customer service|Good analytical tools|Risk management tools
Cons: Withdrawal takes 1-2 business days
My withdrawal request from Eronto has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Customizable dashboard|Stable platform|Copy trading available
Cons: No fractional shares