ECLIPSE FINANCE Forex Broker

Eclipse Finance Broker - Complete Information Guide

1. Broker Overview

Eclipse Finance, established in 2014, operates as a binary options broker. The company is headquartered in Saint Vincent and the Grenadines, with its main office located at Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown. Eclipse Finance is a private entity that primarily serves retail clients interested in trading binary options and forex.

Over the years, Eclipse Finance has aimed to provide a platform for traders to engage in financial markets, offering various trading products and services. However, the broker has faced significant challenges, including regulatory scrutiny and allegations of fraudulent practices. The companys development has been marked by controversial marketing tactics and operational practices that have led to numerous complaints from clients.

Eclipse Finance is associated with Top Binary Signals (TBS), a signal provider that has been linked to the broker's promotional strategies. This partnership has raised concerns regarding the authenticity of the trading signals provided to clients. The business model primarily focuses on retail forex trading and binary options, targeting both novice and experienced traders seeking high returns.

2. Regulatory and Compliance Information

Eclipse Finance operates without valid regulatory oversight, which raises significant concerns for potential investors. The broker has no legitimate licenses from recognized financial authorities, making it a high-risk option for traders.

• Regulatory Bodies: Eclipse Finance claims to be regulated by a non-existent authority, leading to skepticism about its legitimacy.
• License Numbers: No valid regulatory numbers are available.
• Validity and Scope of Licenses: The lack of regulation implies no oversight on trading practices or client fund protection.
• Legal Entities in Different Regions: The company is registered in Saint Vincent and the Grenadines, but it lacks a credible operational footprint in other jurisdictions.
• Client Fund Segregation: There is no evidence of a client fund segregation policy, which poses risks to client deposits.
• Investor Compensation Fund: Eclipse Finance does not participate in any investor compensation schemes, further exposing clients to potential losses.
• KYC and AML Compliance: There are no clear indications of robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures being implemented.

The absence of regulatory oversight and compliance measures indicates that clients should exercise caution when considering trading with Eclipse Finance.

3. Trading Products and Services

Eclipse Finance offers a range of trading products, primarily focusing on binary options and forex trading.

• Forex Currency Pairs: The broker provides a limited selection of currency pairs, primarily major pairs such as EUR/USD, GBP/USD, and USD/JPY.
• CFD Product Categories: Clients can trade Contracts for Difference (CFDs) on indices, commodities, and stocks.
• Unique Trading Products: Eclipse Finance has been known to promote high-return binary options, which are often marketed as risk-free, a claim that is misleading.
• Product Update Frequency: There is limited information on how frequently new products are introduced or existing products are updated.
• Retail Trading Services: The broker primarily focuses on retail clients, offering various account types that cater to different trading needs.
• Institutional Client Services: There is no substantial evidence that Eclipse Finance offers services tailored for institutional clients.
• White Label Solutions: The broker does not appear to provide white label solutions for other businesses.
• Asset Management Services: Information regarding asset management services is not available.

Eclipse Finance's product offerings are designed to attract traders seeking high-risk, high-reward opportunities, but the lack of regulatory backing raises significant concerns about the safety and legitimacy of these products.

4. Trading Platform and Technology

Eclipse Finance supports trading through various platforms, but details are limited.

• MetaTrader 4/5 Support: There is no clear indication that Eclipse Finance supports MetaTrader 4 or 5, which are industry-standard trading platforms.
• Proprietary Platform Details: The broker may have a proprietary trading platform, but specific features and functionalities are not well-documented.
• Web-Based Trading Platform: Information on a web-based trading platform is scarce, leading to uncertainty about the trading experience.
• Mobile Applications: There is no confirmation of mobile app availability for iOS or Android devices.
• Execution Models: The broker's execution model is unclear, with no specific mention of ECN, STP, or Market Making.
• Server Locations and Infrastructure: Details regarding server locations and technological infrastructure are not disclosed, which is critical for assessing trading performance.
• API Access and Automated Trading Support: There is no information available about API access or support for automated trading strategies.

The lack of transparency regarding the trading platform and technology used by Eclipse Finance is a significant drawback for potential clients.

5. Account Types and Trading Conditions

Eclipse Finance offers several account types, but the conditions associated with these accounts are often unclear.

• Standard Account Conditions: The minimum deposit for a standard account is reported to be around $100, with variable spreads and commissions depending on account type.
• Advanced Account Types: Information on advanced account types such as VIP or professional accounts is limited.
• Special Accounts: There is no mention of specific account types like Islamic accounts or corporate accounts.
• Demo Account Policy: Details regarding the availability of demo accounts for practice trading are not provided.
• Leverage Ratios: Leverage ratios vary, but specific details are not disclosed, which is critical for risk management.
• Minimum Trade Sizes: The minimum trade size is not clearly defined, leading to potential confusion for new traders.
• Overnight Fees Policy: Information on overnight fees or swap rates is not available.

The lack of clarity and transparency regarding account types and trading conditions can deter potential clients from choosing Eclipse Finance as their trading partner.

6. Fund Management

Eclipse Finance provides several methods for managing funds, though details are sparse.

• Supported Deposit Methods: The broker accepts deposits via bank transfers and credit cards, but specific electronic wallets are not mentioned.
• Minimum Deposit Requirements: The minimum deposit varies by account type, starting from $100.
• Deposit Processing Times: There is no clear information about how long it takes for deposits to be processed.
• Deposit Fees: It is unclear whether there are any fees associated with deposits.
• Withdrawal Methods and Restrictions: Withdrawal methods are not clearly defined, and there are reports of significant difficulties in processing withdrawals.
• Withdrawal Processing Times: Clients have reported delays in withdrawal processing, with no specific timeframes provided.
• Withdrawal Fee Structure: The fee structure for withdrawals is not disclosed.

The lack of detailed information regarding fund management raises concerns about the broker's reliability and transparency.

7. Customer Support and Educational Resources

Eclipse Finance offers customer support, but the quality and availability of services are questionable.

• Support Channels: Clients can reach out via email and live chat, but phone support appears to be limited or non-existent.
• Service Hours and Time Zone Coverage: Specific service hours are not disclosed, making it difficult for clients in different time zones to access support.
• Multilingual Support: There is no information available regarding the languages supported by customer service.
• Educational Resource Types: The availability of educational resources such as webinars, tutorials, and e-books is not mentioned.
• Market Analysis Services: There is limited information on market analysis or research reports provided by the broker.
• Trading Tools: The availability of trading tools such as calculators and signal services is not specified.

The lack of comprehensive customer support and educational resources may hinder traders' ability to navigate the platform effectively.

8. Regional Coverage and Restrictions

Eclipse Finance operates in various regions, but there are notable restrictions.

• Primary Service Markets: The broker primarily targets markets in Europe and Asia, but specific countries are not detailed.
• Regional Office Distribution: There is no information available regarding regional offices outside of its main headquarters.
• Countries/Regions Not Accepted: Eclipse Finance does not accept clients from certain jurisdictions, but specific countries are not listed.
• Special Restrictions: The broker's operations may be limited due to regulatory issues in various countries.

The ambiguity surrounding regional coverage and restrictions may pose challenges for potential clients considering trading with Eclipse Finance.

In summary, while Eclipse Finance presents itself as a binary options broker, the lack of regulatory oversight, transparency, and customer support raises significant concerns for potential investors. The broker's history of allegations and client complaints underscores the importance of conducting thorough research before engaging in trading activities.