Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighA group company's Vanuatu dealer licence is genuine, but clients contract with a Comoros MISA licensee and the Bank of Russia lists the domain for signs of illegal activity.
Identity & transparency
5/10 · ModerateEntities, numbers and addresses are disclosed and the Vanuatu company checks out, but owners are unnamed and the entity line-up has shifted across four jurisdictions.
Withdrawals & conduct
7/10 · HighSeven separate fund complaints describe frozen accounts after profits across more than one platform; the broker replies in public but no resolution is shown.
Reputation
7/10 · HighTrustpilot suspended the rating over fake reviews, a private dispute body lists the domain, and complaints repeat across platforms.
Website claims
7/10 · HighUntil 2026 it claimed full FSCA regulation on another company's advice and intermediary authorisation, and its restricted-country statement conflicts with its Persian site.
Operational history
4/10 · ModerateAbout four and a half verifiable years (main domain March 2022), consistent with the 2023 founding claim, with some entity churn.
Who they are
A quick desk file on the company behind the brand.
- Brand: ePlanet Brokers (also styled eplanet Brokers).
- Legal entity: ePlanet Brokers LTD, an International Business Company on Mohéli (Mwali), Comoros, IBC no. HY00923038. Its deposit and withdrawal rules name this company as the one clients deal with.
- Group companies: Nebula Ventures Ltd, Vanuatu (company 700819, registered 10 April 2024), which holds the Vanuatu licence; EPLANET ZA (PTY) LTD, South Africa (2021/441377/07, registered for an LEI as Eplanet Brokers (Pty) Ltd), which runs the separate eplanet.com site.
- Registered: P.B. 1257 Bonovo Road, Fomboni, Comoros, and Govant Building, Kumul Highway, Port Vila, Vanuatu. Operational office: Ivana Milutinovića 3, Podgorica, Montenegro, phone +382 20 690 279.
- Website: eplanetbrokers.com (registered 23 March 2022), client area my.eplanetbrokers.com, in English, Persian and Arabic.
- Licences: a VFSC financial dealer licence held by Nebula Ventures Ltd (active since 10 July 2025); MISA brokerage licence T2023372 held by ePlanet Brokers LTD; and an FSCA advice and intermediary authorisation (FSP 52199) held by the South African company, which the site no longer mentions.
- Offers: forex, metals, indices, shares, energy and crypto CFDs on MetaTrader 5 and cTrader, leverage up to 1:500, minimum deposit from 30 USD.
- Not accepted: by its own statements, residents of the EU, the USA, and countries on UN sanctions lists or the FATF grey and black lists.
- Age claim: founded in 2023. The main domain dates from March 2022.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Vanuatu Financial Services Commission (VFSC)
Mwali International Services Authority (MISA)
Found by our investigation (1) — the broker does not list these on its own site
Financial Sector Conduct Authority (FSCA), South Africa
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate ePlanet Brokers a likely scam because a financial regulator names its website, and because client reports describe a repeating pattern of frozen accounts and withheld balances. A genuine offshore licence elsewhere in the group does not offset either finding.
- Regulator warning: the Bank of Russia lists eplanetbrokers.com as showing signs of an illegal professional securities-market participant, added 3 December 2024. It is an official warning list and it names the exact domain. It is a finding about unlicensed activity in Russia, not a court finding of fraud.
- Withdrawal pattern: at least seven separate clients report money held back, mostly after profitable trading. In the most detailed case a client deposited 3,000 USD in July 2025, the account was frozen a week later at 6,183.67 USD, and the firm said it would return neither profit nor deposit because it suspected arbitrage. Reports cluster in May to August 2025 and again in July 2026. We assess the risk of fraud as high.
- Licence held by a different company: the Vanuatu dealer licence belongs to Nebula Ventures Ltd. ePlanet's deposit and withdrawal rules name ePlanet Brokers LTD, a Mohéli company, as the company clients deal with. Its MISA licence is an island-level registration with no meaningful client protection.
- Overstated regulation: an archived copy of the regulation page from 18 April 2026 led with South African FSP 52199 and promised funds protected under strict regulatory oversight. The FSCA register shows that authorisation belongs to EPLANET ZA (PTY) LTD and covers advice and intermediary services only. The live site no longer mentions it.
- Reputation: Trustpilot has suspended the rating after removing fake reviews. The Financial Commission, a private dispute body rather than a regulator, put eplanetbrokers.com on its warning list in April 2024 after trader complaints.
- Restricted countries: the footer says ePlanet does not serve FATF black-list countries, which include Iran. Yet the site runs a Persian version marked with Iran's flag, and Persian review sites describe Iranian clients funding accounts in crypto.
- How the number was set: the weighted scorecard comes to 64%. A regulator warning that names the domain sets a minimum of 70%. The verifiable track record is about four and a half years, so no age adjustment applies.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The VFSC Financial Dealers Licensee List shows NEBULA VENTURES LTD, company no. 700819, licensed 10 July 2025, classes A, B and C, status Active.
E2The VFSC company register lists NEBULA VENTURES LTD (700819) as a registered international company since 10 April 2024 at Govant Building, Kumul Highway, Port Vila, the address ePlanet publishes. Its annual return was filed on 30 March 2026.
E3The Bank of Russia warning list includes EPLANETBROKERS.COM, website eplanetbrokers.com, with signs of an illegal professional securities-market participant, added 3 December 2024.
Hard proofBank of Russia warning listE4ePlanet's deposit and withdrawal rules define the Company as ePlanet Brokers Ltd, IBC HY00923038, Fomboni, Mohéli. The VFSC licence is held by Nebula Ventures Ltd, so the licensed company is not the one named as the client's counterparty.
E5An archived copy of ePlanet's regulation page from 18 April 2026 presented FSCA FSP 52199 as Licence I and told clients their funds were protected under strict regulatory oversight. The page data described ePlanet as a fully regulated brokerage licensed by the FSCA. The footer then excluded Iran, Russia and Türkiye.
E6The FSCA register shows FSP 52199 as EPLANET ZA (PTY) LTD, a private company (2021/441377/07) authorised on 8 April 2022 at 34 Whiteley Road, Melrose Arch. Approved products are Category I advice and intermediary services and Category II discretionary intermediary services, with no dealing authorisation.
StrongFSCA FAIS registerE7LEI 3789DULOYG8JTEK6AM98 names the same South African company (2021/441377/07) as Eplanet Brokers (Pty) Ltd at Melrose Arch, Johannesburg, issued 6 January 2026, tying the FSCA authorisation to the ePlanet group.
ModerateGLEIF LEI recordE8eplanet.com is a sister site operated by EPLANET ZA (PTY) LTD and titled as an FSCA-regulated forex and CFD broker, with account links leading to a coming-soon page. It uses the same registrar and DNS account as eplanetbrokers.com; the domain dates from 1999 and was last changed in June 2026.
Moderateeplanet.comE9Trustpilot shows the rating for eplanetbrokers.com as unavailable due to a breach of its guidelines and says it removed a number of fake reviews. 85 reviews remain: 78% five-star and 8% one-star.
ModerateTrustpilotE10Low-star Trustpilot reviews describe one mechanism. A client who deposited 3,000 USD had the account frozen at 6,183.67 USD in July 2025 and was told profit and deposit would not be returned over suspected arbitrage. Others report 2,900 USD withheld (May 2025), a frozen account after funding (June 2025) and a withdrawal blocked over a shared-IP claim (January 2026). ePlanet replied asking for account details.
E11In October 2026 a competition winner reported a 400 USD bank withdrawal refused and was told withdrawals are crypto-only. A Persian review site also says crypto is the only working withdrawal method.
E12Further complaints include a client with 6,000 USD deposited and a 9,134 USD balance whose account was blocked for over a month (July 2026), a client unable to withdraw deposit or profits (July 2026) and a client blocked after a 4,000 USD profit (August 2024).
WeakA third-party broker directoryE13The Financial Commission, a private dispute-resolution body and not a regulator, added Eplanet Brokers and eplanetbrokers.com to its warning list on 24 April 2024 after trader complaints, saying the company and site may be used to scam and defraud traders.
E14ePlanet's footer excludes FATF black-list countries, which include Iran, and the April 2026 footer named Iran outright. The site runs a Persian version marked with Iran's flag, and a Persian review site says ePlanet accepts Iranian traders, with crypto funding and an app for Iran's national internet.
Moderateiranrebate.com review of ePlanetE15IOSCO I-SCAN returns no alert for eplanetbrokers. The only eplanet match is an unrelated E-Planet Trade in a 2021 CONSOB notice, published before eplanetbrokers.com existed.
ModerateIOSCO I-SCANE16eplanetbrokers.com was registered on 23 March 2022 through GoDaddy, consistent with the claimed 2023 founding. eplanetbrokers.net followed on 25 October 2023 on the same DNS account.
WeakVerisign RDAPE17The ePlanet Brokers cTrader app on Google Play has more than 10,000 downloads and lists the developer as EPLANET BROKERS LTD, P.B. 1257 Bonovo Road, Fomboni, Comoros, matching the contracting company.
ModerateGoogle PlayE18A UK company named EPLANET BROKERS LTD (14801913), incorporated 14 April 2023 at a London business address, was dissolved by compulsory strike-off on 27 May 2025. ePlanet does not mention it and nothing beyond the name ties it to the operation.
E19ePlanet's regulation page links a See Licence button for ePlanet Brokers LTD to the Mwali registrar's verification page. Licence T2023372 is on record as active from 22 September 2023 to 22 September 2027, but the registrar's page does not display publicly.
The other side
The strongest case in this broker’s favour.
There is a real business here, and some of the evidence has innocent readings.
- The group holds a genuine Vanuatu financial dealer licence. Nebula Ventures Ltd (company 700819) is on the VFSC licensee list as active since 10 July 2025, and the VFSC company register places it at the Port Vila address ePlanet publishes.
- The MISA brokerage licence T2023372 for ePlanet Brokers LTD is on record as active until 22 September 2027.
- The platform is real. ePlanet offers MetaTrader 5 and cTrader accounts, and its cTrader app on Google Play has more than 10,000 downloads and is published by EPLANET BROKERS LTD at its Comoros address.
- The Bank of Russia list covers thousands of foreign firms and targets unlicensed activity in Russia. It is not a finding that clients were defrauded.
- ePlanet answers complaints in public, says account restrictions follow AML, KYC or terms-of-service checks, and asks complainants for account details. Brokers do legitimately void profits from latency arbitrage or linked accounts, and some negative reviews give little detail.
- Many reviews are positive, the domain age fits the stated 2023 founding, there is no sign of a clone or a borrowed licence, and the IOSCO global alert portal has no entry for eplanetbrokers.
What would change this
What we would need to see to revise the verdict.
Any of these would move the rating.
- The Bank of Russia removing eplanetbrokers.com from its warning list, or showing the listing was made in error.
- Proof that the frozen balances in the documented cases, such as the 6,183.67 USD and 9,134 USD accounts, were paid out.
- Client agreements issued by the VFSC-licensed Nebula Ventures Ltd rather than the Comoros company, so that Vanuatu supervision actually covers client accounts.
- Trustpilot lifting its guideline-breach notice.
- In the other direction, a warning from another regulator, or any report of a client asked to pay a fee or tax before a withdrawal is released, would push the rating higher.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
VFSC Financial Dealers Licensee List
Find NEBULA VENTURES LTD (700819), the group company that holds the Vanuatu dealer licence.
Bank of Russia warning list entry
Official warning naming eplanetbrokers.com (page in Russian).
FSCA register result for FSP 52199
South African advice and intermediary authorisation held by EPLANET ZA (PTY) LTD. ePlanet no longer links to it.
Financial Commission warning list notice
Warning from a private dispute body, not a regulator.
Trustpilot reviews of eplanetbrokers.com
Client reviews. The rating is suspended for guideline breaches.
ePlanet regulations page
The broker's own statement of its companies and licences.
IOSCO I-SCAN search for eplanetbrokers
Global regulator alert portal. No alert names eplanetbrokers at the time of writing.
Frequently asked questions
Quick answers about this broker’s safety.
Is ePlanet Brokers a scam?
We rate it a likely scam, with a 70% risk score. The Bank of Russia lists eplanetbrokers.com for signs of illegal securities-market activity, and clients report accounts frozen with balances withheld after profitable trading. A group company does hold a genuine but offshore Vanuatu licence.
Is ePlanet Brokers a fraud?
No court or regulator has found ePlanet Brokers guilty of fraud, so we do not call it a proven fraud. The Financial Commission, a private dispute body, said in April 2024 that the company and its website may be used to scam and defraud traders. Based on the warning lists and the withdrawal complaints, we assess the risk of fraud as high.
Is ePlanet Brokers regulated?
Only offshore. Nebula Ventures Ltd, a group company, holds a Vanuatu financial dealer licence (company 700819, active since July 2025), and ePlanet Brokers LTD holds Mwali (MISA) brokerage licence T2023372. Neither is a top-tier regulator, and the client rules name the Comoros company, not the Vanuatu one.
What does the Bank of Russia warning say about ePlanet?
The Bank of Russia added eplanetbrokers.com to its list of companies with signs of illegal activity in the financial market on 3 December 2024. It classes the site as showing signs of an illegal professional securities-market participant, meaning it offered such services in Russia without a Russian licence. The entry was still listed at the time of writing.
Can I withdraw my money from ePlanet Brokers?
Some clients say withdrawals work. A repeating group of complaints says accounts were frozen after profits and withdrawals refused over suspected arbitrage or shared IP addresses. A client in October 2026 reported a bank withdrawal refused and crypto offered as the only option, so test a small withdrawal before depositing more.
Is my money safe with ePlanet Brokers?
Not in the way it would be with a top-tier regulated broker. Your account is with a Comoros company overseen only by the Mwali registrar, there is no investor compensation scheme, and the Vanuatu licence belongs to a different group company. We found no independent proof that client funds are segregated.
Who owns ePlanet Brokers and where is it based?
The site names ePlanet Brokers LTD (Mohéli, Comoros, IBC HY00923038) and Nebula Ventures Ltd (Vanuatu), with an operational office in Podgorica, Montenegro. A related South African company, EPLANET ZA (PTY) LTD, runs the separate eplanet.com site. The website does not name the owners or directors.
How old is ePlanet Brokers?
The brand says it was founded in 2023. Its main domain was registered on 23 March 2022, and the oldest related company, in South Africa, dates from 2021. That gives a verifiable track record of about four and a half years.
What is a MISA licence worth?
Very little. The Mwali International Services Authority on the Comorian island of Mohéli is an island-level registrar, not a financial supervisor with inspections or a compensation fund. A MISA licence mainly shows that a company registered there, so it should not reassure you about your deposits.
Is ePlanet Brokers regulated by the FSCA in South Africa?
Not for the accounts it opens today. FSP 52199 belongs to EPLANET ZA (PTY) LTD and covers advice and intermediary services, not acting as the dealer on your CFD trades. ePlanet advertised this licence on its regulation page until 2026 and has since removed it.
Is ePlanet Brokers a clone of another broker?
No. We found no sign that ePlanet copies another firm's name, licence or address, and its licences are issued to its own group companies. A different firm called E-Planet Trade appeared in a 2021 Italian warning, before eplanetbrokers.com existed, and is not the same business.
Does ePlanet Brokers accept clients from Iran?
Its footer says it does not serve FATF black-list countries, which include Iran, and an April 2026 version named Iran outright. Yet the site has a Persian version marked with Iran's flag, and Persian review sites describe Iranian clients funding accounts in crypto. That contradiction is a compliance red flag.
What should I do if ePlanet froze my account?
Complain in writing to compliance@eplanetbrokers.com with your account number and keep every reply. If your contract is with Nebula Ventures Ltd, complain to the Vanuatu Financial Services Commission, and ask your bank about a chargeback for card payments. Never pay anyone who promises to recover your funds for a fee.
What should I check before depositing with ePlanet Brokers?
Confirm in writing which company holds your account and which regulator covers it. Read the withdrawal rules, including the 5% trading-activity condition and the bonus cancellation terms. Start small and test a withdrawal to the same method before adding more.
What we recommend
The practical takeaway from everything above.
Treat ePlanet Brokers as high risk and do not deposit money you cannot afford to lose.
- Before depositing, ask in writing which company will hold your account. If it is ePlanet Brokers LTD in Comoros, no meaningful regulator protects your money.
- Check that you can withdraw by the same method you deposit. A client in October 2026 reports a bank withdrawal refused and crypto offered as the only route.
- If you already trade there, withdraw profits regularly and keep copies of statements, chats and emails.
- If your account is frozen, complain in writing to compliance@eplanetbrokers.com, then to the Vanuatu Financial Services Commission if your contract is with Nebula Ventures Ltd. For card deposits, ask your bank about a chargeback.
- Ignore anyone who offers to recover your money for an upfront fee. That is a common follow-up scam.
- WIKILIX keeps a warning on this broker and will review it again within 30 days, because new fund complaints appeared in July and October 2026.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 25, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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