Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
ePlanet Pros & Cons
- Access to MT5 and cTrader
- Wide market selection, including Forex, indices, stocks, and commodities
- Account types suitable for beginners and experienced traders
- Educational materials for beginners on the website
- Demo account support
- Multiplatform access on desktop, web, and mobile
- Minimum deposit of $30 on standard accounts
- Offshore regulatory jurisdiction
- No indication of participation in compensation funds
TU Expert Verdict
ePlanet carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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ePlanet User Reviews
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5-star
0%
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4-star
0%
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3-star
57%
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2-star
29%
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1-star
14%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria1 /10The trading and non-trading commissions of ePlanet have been analyzed and rated as having High fees, with a fees score of 1/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Volume-based discounts
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Inactivity fee applies
- Deposit fee applies
- Withdrawal fee applies
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Is ePlanet Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10ePlanet has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.1 /10ePlanet offers the following account options: Demo, Standard, Swap Free, VIP.
However, ePlanet does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Low minimum deposit
- Swap Free (Islamic) account
- Demo account
- Micro lots are not available
- No ECN/Raw spread account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10ePlanet received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10ePlanet offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 50 Forex pairs.
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Trading Account Opening
We successfully registered an account with ePlanet in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at ePlanet is $30.Score:We evaluated Trading Account Opening at ePlanet by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at ePlanet by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria1.5 /10
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FAQs
How is ePlanet regulated and what does its safety score indicate?
ePlanet is regulated by the Mwali International Services Authority (MISA) in The Comoros, which is described as a Tier-3 regulator with no specific investor protection fund mentioned. Traders Union experts rate its safety at 3.7/10, classifying it as a low security level, and note that the broker does not provide negative balance protection while requiring KYC verification.
What trading commissions and non-trading fees are highlighted for ePlanet?
The review rates ePlanet’s overall fee level as high, giving it a fees score of 1/10 and noting above-average forex trading fees, no ECN/Raw Spread account, and the presence of inactivity, deposit, and withdrawal fees. For Standard accounts, EUR/USD spreads typically range from 0.8 to 3 pips and GBP/USD from 0.3 to 3.5 pips, while exact percentages or fixed amounts for non-trading fees are not specified in the section.
What do user reviews and feedback say about the overall experience with ePlanet?
ePlanet has a user satisfaction score of 4.9/10 based on 6 reviews, with 57% of ratings at 3 stars, 29% at 2 stars, and 14% at 1 star, and no 4- or 5-star ratings. According to user reviews, the overall sentiment is mostly negative.
What markets and tradable assets does ePlanet offer, according to the review?
The review states that ePlanet provides 100 tradable assets, including 50 currency pairs, along with stocks, commodity futures, cryptocurrencies, and stock indices. It also notes that futures and ETFs are not available, and that there are no bonds, ETFs, copy trading, PAMM investing, or managed account options.
How do reviews describe the account opening process and minimum deposit at ePlanet?
The review indicates that opening an account with ePlanet is fully online, took 7 minutes in testing, and that KYC verification was completed within 1 business day. It mentions a minimum deposit of $30 and describes the process as accessible and fast, though it may feel less convenient for beginners.
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