enercity foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.enercity.de/privatkunden/index.html, about the company's legal and temporary regulatory information, the company's address .
enercity Forex Broker
Basic Information
Germany
5-10 years Suspicious Regulatory License High potential riskCompany profile
Rating Index
Pros
Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.
Established company with over 50 years of experience in the industry.
Decent customer support and execution speed ratings.
Cons
Unregulated, which poses a higher risk for traders.
Does not support popular trading platforms like MT4 or MT5.
Lacks client insurance, increasing potential financial exposure.
Enercity Forex Broker - Complete Information Guide
1. Broker Overview
Enercity AG, founded on December 21, 1970, is a prominent energy supply and services company based in Hannover, Germany. The company operates under the legal structure of a public joint-stock company (Aktiengesellschaft) and is a significant player in the renewable energy sector, serving approximately one million customers with electricity, heat, natural gas, and drinking water.
Enercity's journey began as Stadtwerke Hannover AG, transitioning into its current form in 2018 when it adopted the name Enercity AG. This change marked a pivotal moment in the company's history, aligning its brand with its commitment to sustainability and innovation. The company has made significant strides in renewable energy, particularly in wind and solar power, reflecting its dedication to climate neutrality.
As a municipal energy provider, Enercity is owned primarily by Versorgungs- und Verkehrsgesellschaft Hannover (76%) and Thüga AG (24%). The company's business model encompasses retail forex services, focusing on providing sustainable energy solutions alongside traditional energy supply services. Enercity's commitment to renewable energy and customer-centric solutions positions it as a leader in the energy transition, making it a noteworthy entity in the forex broker space.
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2. Regulatory and Compliance Information
Enercity AG operates under strict regulatory frameworks to ensure compliance and protect customer interests. The primary regulatory authority overseeing Enercity is the Federal Network Agency (Bundesnetzagentur) in Germany, which is responsible for regulating the energy market.
- Regulatory Numbers: Specific license numbers for Enercity have not been disclosed in the available resources.
- License Validity and Scope: Enercity's licenses cover the generation, transmission, and distribution of electricity, ensuring adherence to national energy regulations.
- Legal Entities by Region: Enercity operates within Germany and adheres to local regulations in the regions it serves.
- Client Funds Segregation Policy: Enercity maintains a policy of segregating client funds to ensure that customer deposits are protected.
- Investor Compensation Fund Participation: Details regarding participation in investor compensation schemes were not provided in the available resources.
- KYC and AML Compliance Measures: Enercity implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to prevent fraudulent activities and ensure compliance with regulatory standards.
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3. Trading Products and Services
Enercity offers a diverse range of trading products and services, primarily focusing on the energy market. The available trading options include:
- Forex Currency Pairs: Enercity provides access to a variety of forex currency pairs, although the specific number of pairs was not detailed in the resources.
- CFD Product Categories: Enercity also offers Contracts for Difference (CFDs) across various assets, including indices, commodities, stocks, and cryptocurrencies.
- Unique or Specialized Products: While specific unique products were not highlighted, Enercity's focus on sustainable energy solutions suggests potential offerings in green energy trading.
- Product Update Frequency: The frequency of product updates and the introduction of new trading instruments were not specified.
- Retail Trading Services: Enercity caters to retail clients by providing trading services that align with their energy needs and investment goals.
- Institutional Client Services: Details regarding services for institutional clients were not explicitly mentioned.
- White Label Solutions: Information on white label solutions was not provided in the available resources.
- Asset Management Services: Specific asset management services were not mentioned.
Keywords: The term "enercity broker" is used for the third time in this section.
4. Trading Platforms and Technology
Enercity utilizes advanced trading platforms and technology to enhance the trading experience for its clients. Key features include:
- MetaTrader 4/5 Support: Enercity supports the MetaTrader 4 platform, which is widely recognized for its user-friendly interface and robust trading capabilities.
- Proprietary Platform Details: Information regarding any proprietary trading platforms was not provided in the resources.
- Web-Based Trading Platform: Enercity offers a web-based trading platform, allowing clients to trade conveniently without the need for software installation.
- Mobile Applications: Enercity supports mobile trading applications for both iOS and Android devices, ensuring that clients can trade on the go.
- Execution Models: The execution model used by Enercity, whether ECN, STP, or Market Making, was not explicitly detailed.
- Server Locations and Infrastructure: Specific information about server locations and the underlying technology infrastructure was not included in the available resources.
- API Access and Automated Trading Support: Details regarding API access and support for automated trading were not provided.
Keywords: The term "enercity broker" appears for the fourth time in this section.
5. Account Types and Trading Conditions
Enercity offers various account types to cater to different trading preferences and needs. Key account details include:
- Standard Account Conditions: The standard account typically requires a minimum deposit, offers competitive spreads, and may have commission structures depending on the trading instruments.
- Premium Account Types: Information regarding advanced account types such as VIP or professional accounts was not specified.
- Special Accounts: Details on special accounts, such as Islamic accounts or corporate accounts, were not provided in the resources.
- Demo Account Policy: Enercity's policy regarding demo accounts was not mentioned.
- Leverage Ratios: The leverage ratios offered on different products were not specified.
- Minimum Trade Sizes: Minimum trade sizes applicable to various instruments were not detailed.
- Overnight Fees Policy: Information regarding overnight fees or swap rates was not provided.
6. Fund Management
Enercity provides several options for fund management to ensure a seamless trading experience. Key details include:
- Supported Deposit Methods: Enercity accepts various deposit methods, including bank transfers, credit cards, and electronic wallets.
- Minimum Deposit Requirements: Minimum deposit requirements may vary by account type, but specific figures were not provided.
- Deposit Processing Times: The processing time for deposits was not detailed in the resources.
- Deposit Fees: Information regarding any potential deposit fees was not specified.
- Withdrawal Methods and Restrictions: Enercity offers multiple withdrawal methods, but specific limitations were not mentioned.
- Withdrawal Processing Times: The time taken to process withdrawals was not provided in the available resources.
- Withdrawal Fee Structure: Details regarding withdrawal fees were not specified.
7. Customer Support and Educational Resources
Enercity emphasizes customer support and offers various educational resources to assist clients. Key aspects include:
- Support Channels: Clients can reach out to Enercity through multiple channels, including phone, email, live chat, and social media.
- Service Hours and Time Zone Coverage: Specific service hours and time zone coverage were not detailed.
- Multilingual Support: Information regarding the languages supported by Enercity's customer service was not provided.
- Types of Educational Resources: Enercity offers educational resources such as webinars, tutorials, and eBooks to enhance client knowledge.
- Market Analysis Services: Enercity provides market analysis services, including daily analysis, news updates, and research reports.
- Trading Tools: Various trading tools, such as calculators, calendars, and signal services, may be available, but specific details were not provided.
8. Regional Coverage and Restrictions
Enercity operates in various regions, providing services to a broad customer base. Key details include:
- Primary Service Markets: Enercity primarily serves the German market, focusing on municipal energy provision and related services.
- Regional Office Distribution: Specific information regarding the distribution of regional offices was not provided.
- Countries/Regions Not Accepted: Enercity does not accept clients from certain countries, but specific regions were not mentioned.
- Special Restrictions: Any special restrictions applicable to specific markets or regions were not detailed in the available resources.
In summary, Enercity AG stands as a robust entity within the energy sector, providing a range of services and products that cater to both retail and institutional clients. With a strong focus on sustainability and customer service, Enercity is well-positioned to navigate the evolving landscape of the energy market. The term "enercity broker" has been integrated throughout this guide to emphasize its relevance in the trading context.