ENERGO PRO Company

Energo Pro Broker - Comprehensive Information Guide

1. Broker Overview

Energo Pro Trading JSC, established in 2011, is a joint-stock company headquartered in Sofia, Bulgaria. It operates as a subsidiary of the Energo Pro Group, which was founded in 1994 in the Czech Republic. This company is privately owned and has developed a robust presence in the energy sector across several countries, including Bulgaria, Georgia, Turkey, and Armenia.

Energo Pro Trading JSC primarily focuses on wholesale electricity trading in the international markets of Central and Southeast Europe. With a workforce of nearly 8,000 employees, the company serves over 2 million clients in Bulgaria and Georgia, providing electricity through transmission and distribution networks. The parent company, Energo Pro a.s., owns the entire business, which has recently expanded its operations by opening a new branch in Romania.

The company's business model is centered around establishing long-term relationships with major energy companies, increasing trading turnover, and providing reliable electricity to its partners in the region. As part of its commitment to sustainable energy, Energo Pro Trading collaborates closely with its affiliate, Energo Pro Bulgaria, the largest private producer of electricity from renewable sources in Bulgaria.

This comprehensive operational framework positions Energo Pro as a significant player in the energy market, emphasizing its role as an Energo Pro broker in the wholesale electricity trading space.

2. Regulatory and Compliance Information

Energo Pro Trading JSC operates under the jurisdiction of Bulgaria but does not hold any valid regulatory licenses, which raises concerns regarding its compliance status. According to various sources, the broker has been flagged for having a suspicious regulatory license and is categorized as having high potential risk.

• Regulatory Agencies: The company does not currently list any recognized regulatory bodies overseeing its operations.
• Regulatory Numbers: No specific regulatory numbers are available due to the absence of valid licenses.
• License Validity and Scope: There is no valid regulatory information available, and potential clients are advised to be cautious.
• Legal Entities in Different Regions: Energo Pro Trading JSC is registered in Bulgaria, but details regarding its operations in other countries remain unclear.
• Client Funds Segregation Policy: Information regarding the segregation of client funds is not publicly available.
• Investor Compensation Fund Participation: There is no indication that Energo Pro Trading participates in any investor compensation schemes.
• KYC and AML Compliance Measures: The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is not explicitly detailed, which adds to the uncertainty surrounding its operational legitimacy.

Given these factors, potential clients should approach the Energo Pro broker with caution, as the lack of regulatory oversight poses significant risks.

3. Trading Products and Services

Energo Pro Trading JSC offers a range of trading products primarily focused on the energy sector. While specific details about their forex offerings are limited, the following aspects are noteworthy:

• Forex Currency Pairs: The broker provides a selection of currency pairs, though the exact number and major pairs available have not been disclosed.
• CFD Product Categories: Energo Pro Trading also offers Contracts for Difference (CFDs) on various assets, including indices, commodities, stocks, and cryptocurrencies.
• Special Products or Unique Trading Instruments: Information on unique or proprietary trading products is not available in public sources.
• Product Update Frequency: There is no clear indication of how frequently the products are updated or new varieties introduced.
• Retail Trading Services: Energo Pro Trading primarily focuses on wholesale trading, and details on retail trading services are limited.
• Institutional Client Services: The company seems to cater more towards institutional clients, although specific services for this segment are not detailed.
• White Label Solutions: There is no information regarding the provision of white-label solutions.
• Asset Management Services: The availability of asset management services has not been mentioned in the available data.

The offerings of Energo Pro Trading JSC as an Energo Pro broker seem to be primarily centered around the electricity market, with limited information available on forex and other trading products.

4. Trading Platforms and Technology

Energo Pro Trading JSC provides access to trading platforms, although specific details are sparse:

• MetaTrader 4/5 Support: There is no confirmation regarding the availability of MetaTrader 4 or 5 for trading purposes.
• Proprietary Trading Platform Details: Information on any proprietary trading platforms developed by Energo Pro Trading is not provided.
• Web-Based Trading Platform: The broker's website indicates that it may offer a web-based trading platform, but specific features are not detailed.
• Mobile Applications: There is no information available about mobile applications for iOS or Android.
• Execution Models: The broker's execution model, whether ECN, STP, or Market Making, is not specified in the available sources.
• Server Location and Technical Infrastructure: The server is reportedly located in Bulgaria, but further technical details are not disclosed.
• API Access and Automated Trading Support: There is no indication that Energo Pro Trading supports API access or automated trading features.

With limited information on its trading platforms, potential clients should consider these factors when evaluating the Energo Pro broker.

5. Account Types and Trading Conditions

Energo Pro Trading JSC offers various account types, although specific details are scarce:

• Standard Account Conditions: The broker's minimum deposit requirements, spreads, and commission structures are not explicitly mentioned.
• Advanced Account Types: Information about advanced account types such as VIP or professional accounts is not provided.
• Special Accounts: There is no mention of special accounts, such as Islamic or corporate accounts.
• Demo Account Policy: The availability of demo accounts for practice trading is not detailed in the available sources.
• Leverage Ratios: The range of leverage offered on different products is not specified.
• Minimum Trade Size: The minimum trade size for transactions is not disclosed.
• Overnight Fees Policy: Information regarding overnight fees or swap rates is not available.

Due to the lack of comprehensive details, potential clients should carefully assess the trading conditions when considering the Energo Pro broker.

6. Fund Management

Energo Pro Trading JSC supports various deposit and withdrawal methods, although specific details are limited:

• Supported Deposit Methods: The broker may accept bank transfers, credit cards, and e-wallets, but exact methods are not specified.
• Minimum Deposit Requirements: Information on minimum deposit amounts for different account types is not provided.
• Deposit Processing Times: The processing time for deposits is unclear.
• Deposit Fees: There is no information regarding any fees associated with deposits.
• Withdrawal Methods and Restrictions: Details about withdrawal methods and any applicable restrictions are not available.
• Withdrawal Processing Times: The time taken for processing withdrawals is not specified.
• Withdrawal Fee Structure: Information regarding withdrawal fees is not provided.

Given the limited information on fund management, potential clients should proceed with caution when dealing with the Energo Pro broker.

7. Customer Support and Educational Resources

Energo Pro Trading JSC offers customer support through various channels, though specific details are limited:

• Support Channels: The broker provides support via phone, email, and potentially online chat, but the availability of each channel is unclear.
• Service Hours and Time Zone Coverage: Information on service hours and time zone coverage is not provided.
• Multilingual Support: The supported languages for customer support are not specified.
• Types of Educational Resources: There is no information on the types of educational resources available, such as webinars, tutorials, or e-books.
• Market Analysis Services: The availability of daily market analysis, news, or research reports is not mentioned.
• Trading Tools: Specific trading tools such as calculators, calendars, or signal services are not detailed.

The lack of comprehensive customer support information raises concerns for potential clients considering the Energo Pro broker.

8. Regional Coverage and Restrictions

Energo Pro Trading JSC primarily operates in specific markets, although detailed information is limited:

• Main Service Markets: The broker mainly serves clients in Bulgaria, Georgia, Turkey, and Armenia.
• Regional Office Distribution: The company has regional offices in Bulgaria and has recently expanded to Romania.
• Countries/Regions Not Accepted: There is no specific list of countries or regions from which clients are not accepted.
• Special Restrictions: Information regarding any special restrictions on trading or services is not provided.

Due to the lack of detailed regional coverage information, potential clients should carefully evaluate their options when considering the Energo Pro broker.

In conclusion, while Energo Pro Trading JSC presents itself as a player in the energy trading space, the lack of regulatory oversight, comprehensive product offerings, and clear customer support structures warrant caution from potential clients. As such, it is essential to conduct thorough research and due diligence before engaging with the Energo Pro broker.