Eleven Stars Company

Eleven Stars Forex Broker - Complete Information Guide

1. Broker Overview

Eleven Stars is a financial services company that specializes in offering a range of trading solutions, including forex and CFDs (Contracts for Difference). Established two years ago, the company has its headquarters in Istanbul, Turkey, with branches extending to the UAE, Bahrain, and Palestine. Eleven Stars operates as a private entity, focusing primarily on retail forex trading and institutional services.

Since its inception, Eleven Stars has aimed to provide distinctive and unique services, catering to a diverse clientele that includes both individual traders and institutional investors. The broker has made significant strides in the financial markets, marking several milestones in its development, including the expansion of its service offerings and geographical reach.

The company operates under the umbrella of the Eleven Stars Group, which encompasses various sectors, including sports, medical tourism, real estate, and international commerce. This diversified approach allows Eleven Stars to leverage resources and expertise across different industries, enhancing its service delivery in the financial sector.

The business model of Eleven Stars is primarily focused on retail forex trading, providing clients with access to a wide range of trading instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies. As a broker, Eleven Stars is committed to ensuring quality and excellence in all its services, striving to create optimal trading conditions for its clients.

2. Regulatory and Compliance Information

Eleven Stars is regulated by several key authorities, ensuring that it operates within the legal frameworks set forth for financial service providers. The primary regulatory bodies overseeing the broker include:

• Financial Services Regulatory Authority (FSRA) - License Number: [To be confirmed]
• International Financial Services Commission (IFSC) - License Number: [To be confirmed]

The licenses held by Eleven Stars are valid for a range of trading activities, allowing the broker to provide services across various jurisdictions. The company adheres to strict compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, to safeguard against fraud and ensure the integrity of its operations.

Client funds are kept in segregated accounts to protect investors' assets, providing an additional layer of security. Eleven Stars also participates in investor compensation schemes, which offer protection to clients in the event of insolvency or other financial difficulties.

The broker emphasizes its commitment to transparency and ethical practices, maintaining compliance with all relevant regulations to foster trust and confidence among its clients.

3. Trading Products and Services

Eleven Stars offers a diverse array of trading products designed to meet the needs of various traders. The broker provides access to numerous forex currency pairs, including major, minor, and exotic currencies, ensuring that clients have a wide selection to choose from.

In addition to forex, Eleven Stars offers CFDs on various asset classes, which include:

• Indices: Major global indices such as the S&P 500, FTSE 100, and DAX 30.
• Commodities: Popular commodities including gold, silver, oil, and agricultural products.
• Stocks: A selection of shares from leading companies across different sectors.
• Cryptocurrencies: Major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

The broker regularly updates its product offerings to include new instruments based on market demand and trends. This commitment to innovation ensures that clients have access to the latest trading opportunities.

Eleven Stars provides both retail trading services for individual clients and institutional services for larger entities, including white-label solutions and asset management services. This dual approach allows the broker to cater to a broad spectrum of clients, from novice traders to experienced institutions.

4. Trading Platforms and Technology

Eleven Stars supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), popular platforms known for their user-friendly interfaces and advanced trading capabilities. These platforms offer a range of tools for technical analysis, automated trading, and customizable charting options.

In addition to MT4 and MT5, Eleven Stars has developed its own proprietary trading platform, which is designed to meet the unique needs of its clients. This platform provides a seamless trading experience, with features such as real-time market data, advanced order types, and customizable trading environments.

The broker also offers a web-based trading platform, allowing clients to trade from any device with internet access. This flexibility is complemented by mobile applications available for both iOS and Android, ensuring that traders can manage their accounts and execute trades on the go.

Eleven Stars employs an ECN (Electronic Communication Network) execution model, which facilitates direct market access and ensures competitive spreads and fast order execution. The broker's technological infrastructure is robust, with servers located in strategic locations to minimize latency and enhance trading performance.

Additionally, Eleven Stars provides API access for clients interested in automated trading solutions, enabling them to implement their trading strategies using third-party applications.

5. Account Types and Trading Conditions

Eleven Stars offers several account types to accommodate the diverse needs of its clients. These include:

• Standard Account: Requires a minimum deposit of [To be confirmed], with competitive spreads starting from [To be confirmed] and no commission on trades.
• VIP Account: Designed for high-volume traders, offering lower spreads and preferential trading conditions. Minimum deposit requirements and commission structures vary.
• Islamic Account: Available for clients who adhere to Islamic finance principles, ensuring that no interest is charged on overnight positions.
• Corporate Account: Tailored for businesses and institutions, offering customized trading solutions and account management services.

The broker provides a demo account for new traders to practice their strategies without financial risk. This account simulates real market conditions, allowing clients to familiarize themselves with the trading platform and instruments.

Leverage ratios at Eleven Stars vary depending on the asset class, typically ranging from [To be confirmed] for forex pairs to [To be confirmed] for CFDs. The minimum trade size is [To be confirmed], allowing clients to manage their risk effectively.

Overnight fees, also known as swap rates, are applied to positions held beyond the trading day, with rates varying based on the asset class and market conditions.

6. Fund Management

Eleven Stars supports various deposit methods to facilitate seamless funding of trading accounts. Accepted deposit methods include:

• Bank Transfers
• Credit/Debit Cards
• E-wallets: Such as Skrill and Neteller

The minimum deposit requirement varies by account type, with specific amounts outlined on the broker's website. Deposit processing times are generally quick, with most transactions completed within [To be confirmed] hours.

Deposits may be subject to fees depending on the method used, and details regarding these fees can be found in the broker's terms and conditions.

For withdrawals, Eleven Stars offers multiple options, including bank transfers and e-wallets. Withdrawal processing times typically range from [To be confirmed] hours to [To be confirmed] days, depending on the method chosen. The broker also maintains a transparent fee structure for withdrawals, ensuring that clients are aware of any potential costs before initiating a transaction.

7. Customer Support and Educational Resources

Eleven Stars takes pride in its customer support services, providing various channels for clients to seek assistance. Support options include:

• Phone Support
• Email Support
• Live Chat
• Social Media

The customer service team is available during business hours, with coverage across multiple time zones to accommodate clients from different regions. The broker offers support in several languages, including English, Turkish, Arabic, and more.

Educational resources are a key component of Eleven Stars' service offerings. The broker provides a wealth of materials, including:

• Webinars: Covering various trading topics and strategies.
• Tutorials: Step-by-step guides on using the trading platform and market analysis.
• E-books: Comprehensive resources on trading fundamentals and advanced techniques.

Additionally, Eleven Stars offers market analysis services, providing clients with daily insights, news updates, and research reports to help them make informed trading decisions. The broker also supplies essential trading tools, such as calculators and economic calendars, to enhance clients' trading experiences.

8. Regional Coverage and Restrictions

Eleven Stars primarily serves clients in the Middle East, North Africa, and parts of Europe, with a focus on regions where demand for forex trading is growing. The broker has established regional offices in key markets, including the UAE and Turkey, to better serve its clientele.

However, certain countries are restricted from accessing Eleven Stars' services due to regulatory considerations. These include:

• United States
• Canada
• Japan
• Australia

The broker is committed to adhering to local laws and regulations, ensuring compliance in all operational territories. Specific limitations on services may apply based on the jurisdiction, and potential clients are encouraged to review the broker's terms and conditions for detailed information.

In conclusion, Eleven Stars broker stands out in the competitive landscape of forex trading by providing a comprehensive suite of services, robust regulatory compliance, and a commitment to client education and support. With its diverse offerings and innovative trading platforms, Eleven Stars aims to empower traders and institutions alike to achieve their financial goals.