EDGE Finance foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://edgefinance.ltd/, about the company's legal and temporary regulatory information, the company's address .
EDGE Finance Forex Broker
Basic Information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
PLATINUM
GOLD
Edge Finance Forex Broker - Complete Information Guide
1. Overview of the Broker
Edge Finance, officially known as Edge Finance Ltd, was established in 2023. The company operates out of an undisclosed location, which raises concerns regarding its transparency and legitimacy. Currently, it is privately held and does not appear to be listed on any stock exchange. The broker primarily targets retail traders interested in forex and CFD trading across various asset classes, including stocks, indices, and commodities.
Despite its recent inception, Edge Finance has faced scrutiny from financial regulators. The Autorité des marchés financiers (AMF) in France has issued warnings against the broker, categorizing it as an unauthorized entity engaged in forex activities. The Financial Services and Markets Authority (FSMA) of Belgium has similarly blacklisted Edge Finance, further solidifying its reputation as a potentially fraudulent operation.
Edge Finance operates under a business model that focuses on retail forex trading, offering a range of financial instruments without proper regulatory oversight. This lack of regulation poses significant risks to investors, as there are no legal protections in place to safeguard their funds. The broker has been noted for its aggressive marketing tactics, which often target inexperienced traders, promising unrealistic returns on investments.
2. Regulatory and Compliance Information
Edge Finance is currently unregulated, which is a major red flag for potential investors. The absence of oversight from recognized financial authorities means that the broker does not adhere to industry standards designed to protect traders. The following regulatory bodies have issued warnings regarding Edge Finance:
- Autorité des marchés financiers (AMF) - France
- Financial Services and Markets Authority (FSMA) - Belgium
Neither of these authorities has provided a regulatory number for Edge Finance, as the broker does not hold any licenses. The lack of a valid regulatory framework means that Edge Finance does not offer client funds segregation or participate in any investor compensation schemes.
Furthermore, the broker has not disclosed any information regarding its KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, which raises concerns about its operational integrity. The absence of such policies could potentially expose clients to fraudulent activities and financial loss.
3. Trading Products and Services
Edge Finance offers a diverse range of trading products, primarily focusing on forex and CFDs. The broker claims to provide access to the following instruments:
- Forex Pairs: A selection of major currency pairs is available, though the exact number and types are not explicitly stated.
- CFD Products: This includes categories such as indices, commodities, and stocks. However, details on specific stocks or commodities offered are limited.
- Cryptocurrencies: While the broker mentions cryptocurrency trading, the specifics of these offerings are not detailed.
The broker does not provide any unique trading products or services that differentiate it from other brokers in the market. Additionally, there is no information regarding the frequency of product updates or the introduction of new trading instruments.
Edge Finance appears to cater primarily to retail clients, with no clear offerings for institutional clients or white-label solutions. The lack of comprehensive asset management services further limits its appeal to a broader range of traders.
4. Trading Platforms and Technology
Edge Finance utilizes a proprietary web-based trading platform known as WebTrader. However, it does not support popular platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are widely regarded in the trading community for their advanced features and user-friendly interfaces.
The WebTrader platform offers basic functionalities but lacks the extensive customization options and analytical tools available in standard trading platforms. This limitation may hinder traders' ability to execute informed trading strategies effectively.
The broker provides a mobile application for iOS and Android devices, enabling traders to access their accounts on the go. However, the details regarding the app's features and performance are not extensively covered.
Edge Finance claims to facilitate instant order execution, but without transparency regarding its execution model—whether it operates as an ECN, STP, or Market Maker—it remains unclear how orders are processed. Additionally, the broker's server locations and technological infrastructure have not been disclosed, which may affect trading performance and reliability.
5. Account Types and Trading Conditions
Edge Finance offers several types of trading accounts, each with varying conditions. The minimum deposit required to open an account starts at $250 for the Silver account and can go up to $15,000 for the Pro account. The tiered account structure is as follows:
- Silver Account: Minimum deposit of $250, with leverage up to 1:20.
- Gold Account: Minimum deposit of $1,000, with leverage up to 1:35.
- Platinum Account: Minimum deposit of $5,000, with leverage up to 1:50.
- VIP Account: Minimum deposit of $10,000, with leverage up to 1:100.
- Pro Account: Minimum deposit of $15,000, with leverage up to 1:200.
The broker does not charge commissions for deposits or withdrawals, but the spreads are reportedly high, starting at 3 pips, which is above the industry average.
Edge Finance does not offer a demo account for practice trading, which poses a challenge for new traders looking to familiarize themselves with the platform before committing real funds. The minimum trading lot size is 0.01, and details regarding overnight fees have not been disclosed.
6. Fund Management
Edge Finance supports a limited range of deposit methods, including credit/debit cards and bank transfers. The minimum deposit requirement varies by account type, starting at $250.
Deposits are processed relatively quickly, with credit card transactions being instantaneous, while bank transfers may take 2-5 business days. The broker does not specify any deposit fees, but clients should be aware that withdrawal fees may apply depending on the chosen method.
Withdrawal requests can take 4-7 business days to process, which is relatively standard in the industry. However, the lack of transparency regarding withdrawal procedures and potential fees raises concerns about the ease of accessing funds.
7. Customer Support and Educational Resources
Edge Finance provides customer support through various channels, including email and an online inquiry form. However, there is no mention of phone support or live chat options, which may limit immediate assistance for clients.
The broker claims to offer services during business hours, but specific operating hours and time zone coverage are not detailed. Edge Finance supports multiple languages, including English, Russian, and French, catering to a diverse clientele.
In terms of educational resources, the broker does not appear to provide comprehensive training materials or market analysis services. There is no information regarding webinars, tutorials, or research reports, which are typically valuable for traders looking to enhance their skills and knowledge.
8. Regional Coverage and Restrictions
Edge Finance primarily serves international markets, but specific details about its operational regions are not disclosed. The broker does not accept clients from certain countries, including the United States, Iran, and Israel, which may limit its global reach.
The absence of regional offices further complicates its operational transparency, as investors may find it challenging to verify the broker's legitimacy or seek recourse in case of disputes.
In conclusion, while Edge Finance presents itself as a forex broker offering a variety of trading products, the lack of regulation, transparency, and comprehensive support raises significant concerns for potential investors. It is crucial for traders to conduct thorough due diligence and consider the risks involved before engaging with this broker.
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Latest Reviews
fercho4748
Ecuador
Good morning, I proceeded to invest in edge finance without knowing anything about this platform that has companies classified as regulated and unregulated. The attention was good and I proceeded to invest in an account that I wanted to liquidate They charged me about 4,000 USD for taxes and from an email that Binance sent me telling me that to withdraw I should expand my limits since the amount exceeded 5000 USD and now I try to contact edge by email, ask for help, I call the lady at the edge and she no longer responds and finally they blocked my access to my account, there should be someone who regulates these businesses with more control so that fewer users will become victims of scams, thank you.
Exposure
2023-09-08
きん
Japan
He calls me from places I can't notify and demands a huge investment, so I can't contact him by phone.
Exposure
2023-12-02