EterWealth Fraud: Trader Exposes Social Media Tactics and Deposit Pressure, ASIC Confirms Lack of License

BrokersView has received client complaints against forex broker EterWealth, alleging that the broker operates a fraudulent platform. 

The EterWealth client reported that his withdrawal request was denied under the pretext of “insufficient trading volume.” When he attempted to follow up with “Amy Wong”, the designated contact person, she allegedly pressured him to deposit additional funds.

Details of the client’s account with the EterWealth platform

Victim exposes EterWealth’s fraud tactics

The client further reported that “Amy Wong” and “Aileen Lee” were key figures behind the EterWealth scam, enticing victims through Facebook interactions followed by direct phone solicitations.

According to the client, “Aileen Lee” assured him that EterWealth is registered in Australia. To verify this claim, he contacted the Australian Securities and Investments Commission (ASIC), which confirmed that EterWealth is unauthorized and cautioned him against potential fraud.

ASIC’s email informs the client that EterWealth is not authorized

Possible impersonation scam

The client also speculated that EterWealth may have falsely used the name and image of Aileen Lee, a well-known U.S. venture capitalist, to lend credibility to their scheme.

Unregulated: EterWealth’s misleading registration claims

EterWealth is registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registration number 26560 BC 2021. However, the SVG FSA does not regulate financial derivative trading brokerage activities, nor does it provide investor protection against losses.

Previously, EterWealth also falsely claimed certification by the ASIC under reference number ACN 670 035 999. This claim has been removed from its website, likely in an attempt to avoid scrutiny as its legitimacy crumbled.

Further investigation revealed that EterWealth's status as an Australian financial services authorized representative has ceased, according to ASIC records. 

Additionally, ASIC added EterWealth to its Investor Alert List on May 7, 2025.

Therefore, the truth remains: EterWealth is not regulated by any financial authority, leaving investors exposed to significant risks.

BrokersView has determined that EterWealth operates as a scam broker.

Before investing, always verify the legitimacy of the trading platform and avoid being swayed by promises of high returns. You can check the regulatory status via BrokersView. If you suspect a website is fraudulent or have fallen victim to a financial scam, you can Submit a Complaint to BrokersView.