BrokersView has found that EE TRADE appears to be a scam First, although EE TRADE claims to operate under the Australian AR licence held by EE TRADE AU PTY LTD, which is verifiable in the ASIC database, the regulatory record does not list any official company domain name. This absence of a verifiable online identity raises significant concerns about the legitimacy of the entity operating under the EE TRADE brand, making it impossible to confirm that the company behind the website is the same as the one registered with the regulator. This lack of transparency creates regulatory uncertainty and undermines trust. Second, the AR licence held by EE TRADE AU PTY LTD is tied to a parent (AFSL) company whose regulatory authorisation explicitly prohibits accepting retail clients and is strictly limited to providing general financial product advice. However, EE TRADE's website actively promotes services such as "trading from $1", clearly targeting retail investors. Furthermore, the platform offers an investment trading interface and advertises account opening and trade execution services that involve order execution and full brokerage functions, which are well beyond the scope permitted by its claimed licensing status. Given these critical discrepancies, EE TRADE is operating in violation of Australian financial regulations. Therefore, we classify EE TRADE as a fraudulent broker.

EE TRADE blocked my withdrawal for no reason! I have been trading on EE TRADE, followed all their rules, no cheating, no abnormal trades. I made some profit and applied for withdrawal like normal. But they stopped my withdrawal and didn't give any real reason like risk control or account issue. Instead, they suddenly asked me to send high‑resolution photos of me holding my bank card (front and back). This is not required by their own rules or any law, just extra demands after I made money. They even threatened to freeze my account forever if I don't provide those photos. I think they just want to collect my private info and make excuses to keep my money. I did nothing wrong, just normal trading. This is totally unfair and I need my money back. View Source