Enduring Markets Forex Broker

Enduring Markets Forex Broker - Comprehensive Information Guide

1. Broker Overview

Enduring Markets, established in 2022, is a financial services provider that operates primarily in the online trading sector. The broker's headquarters is located in London, United Kingdom, with additional offices in Singapore. It is a private entity, not publicly traded, which raises certain concerns regarding transparency and accountability.

The primary market served by Enduring Markets includes retail traders looking for access to various financial instruments, including forex, CFDs, and cryptocurrencies. The company aims to cater to a diverse clientele ranging from novice traders to experienced investors, providing a platform that supports multiple trading strategies.

Since its inception, Enduring Markets has focused on expanding its service offerings and enhancing user experience. However, it has faced scrutiny regarding its regulatory status and operational practices. The business model of Enduring Markets revolves around retail forex trading, offering a range of products and services designed to help clients navigate the complexities of the financial markets.

2. Regulation and Compliance Information

Enduring Markets operates without any regulatory oversight from recognized financial authorities. This lack of regulation is a significant concern for potential investors. The broker does not hold a license from major regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or the Monetary Authority of Singapore (MAS).

• Regulatory Agencies: None
• License Numbers: Not applicable
• License Validity and Scope: No valid licenses
• Legal Entities in Different Regions: The broker claims to operate in the UK and Singapore, but verification from local authorities shows no registration.
• Client Fund Segregation Policy: No information provided on fund segregation, which raises concerns about the safety of client deposits.
• Investor Compensation Fund Participation: None
• KYC and AML Compliance Measures: While the broker collects personal information, there is no evidence of robust KYC (Know Your Customer) or AML (Anti-Money Laundering) practices in place.

3. Trading Products and Services

Enduring Markets offers a variety of trading products, including:

• Forex Pairs: Over 50 currency pairs, including major, minor, and exotic currencies.
• CFD Products: A range of CFDs on indices, commodities, stocks, and cryptocurrencies.
• Special Products: The broker provides access to unique trading instruments, although specific details on these products are limited.
• Product Update Frequency: While the broker claims to regularly update its offerings, specific timelines or new product announcements are not disclosed.
• Retail Trading Services: Focused on providing retail clients with a user-friendly trading environment.
• Institutional Client Services: Information on institutional services is minimal and not clearly outlined.
• White Label Solutions: Not mentioned or available.
• Asset Management Services: No details provided on asset management offerings.

4. Trading Platform and Technology

Enduring Markets utilizes a proprietary web-based trading platform, which lacks the popular MetaTrader 4 or MetaTrader 5 support. Here are some key features:

• MetaTrader 4/5 Support: Not supported.
• Proprietary Platform Details: The platform is designed to be user-friendly but lacks advanced features typically found in established trading software.
• Web-Based Trading Platform: Accessible via web browsers, requiring no installation.
• Mobile Application: There is no dedicated mobile app for iOS or Android, limiting trading on the go.
• Execution Model: The type of execution model (ECN, STP, Market Making) is not specified.
• Server Location and Technical Infrastructure: Specific details about server locations and technical infrastructure are not disclosed.
• API Access and Automated Trading Support: No information available on API access or support for automated trading.

5. Account Types and Trading Conditions

Enduring Markets offers several account types, each with different conditions:

• Standard Account Conditions: Minimum deposit of $250, with unspecified spreads and commissions.
• Advanced Account Types: Higher-tier accounts include Bronze, Silver, Gold, Platinum, Pro, and VIP, each requiring progressively higher minimum deposits (ranging from $3,500 to $250,000).
• Special Accounts: No Islamic or corporate accounts available.
• Demo Account Policy: No demo accounts are offered, which limits new traders from practicing before investing real money.
• Leverage Ratios: Not disclosed, leading to uncertainty regarding trading risks.
• Minimum Trade Size: Specific minimum trade sizes are not provided.
• Overnight Fees Policy: Information on overnight fees is not clearly stated.

6. Fund Management

Enduring Markets supports various deposit methods but lacks transparency regarding fees and processing times:

• Supported Deposit Methods: Includes bank transfers, credit/debit cards, and cryptocurrency transfers.
• Minimum Deposit Requirements: Starts at $200 for the standard account.
• Deposit Processing Time: Generally instant for credit cards; bank transfers may take longer.
• Deposit Fees: No deposit fees are mentioned.
• Withdrawal Methods and Limits: Withdrawals can be made via similar methods as deposits, but specific limits are not provided.
• Withdrawal Processing Time: Claims to process within 1 to 5 business days.
• Withdrawal Fee Structure: Fees for withdrawals are not clearly outlined, leading to potential hidden costs.

7. Customer Support and Educational Resources

Enduring Markets provides limited customer support options:

• Support Channels: Available through email; no phone support or live chat options are mentioned.
• Service Hours and Time Zone Coverage: Not specified, which may affect response times.
• Multilingual Support: Primarily offers support in English.
• Types of Educational Resources: Limited to a glossary and basic analysis; no comprehensive educational materials or webinars are provided.
• Market Analysis Services: Daily analysis and research reports are not available.
• Trading Tools: Basic tools, such as calculators and economic calendars, are not mentioned.

8. Regional Coverage and Restrictions

Enduring Markets claims to serve a global clientele but has specific limitations:

• Primary Service Markets: Focused on clients from various regions, including Europe and Asia.
• Regional Office Distribution: Offices in London and Singapore.
• Countries/Regions Not Accepted: Specific countries, such as the United States, where trading with unregulated brokers is prohibited.
• Special Restrictions: Clients from regions with strict financial regulations may face challenges in accessing services.

In conclusion, while the Enduring Markets broker presents itself as a comprehensive trading platform, significant concerns regarding its regulatory status, customer support, and overall transparency warrant caution for potential investors.