Energy-markets Forex Broker

Note: Energy-markets is to operate via the website - https://energy-markets.co/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No Regulation Market Instrument commodities, stocks and forex Account Type Start, Standard, Trader, Premium, Gold and VIP Demo Account yes Maximum Leverage 1:200 Spread Start, Standard & Trader: from 3 points | Premium: from 2.1 points | Gold: from 1.5 points | VIP: from 0.7 points Commission Start, Standard & Trader: unspecified commission | Premium, Gold & VIP: no Trading Platform MT4/Webtrader Minimum Deposit $500 Deposit & Withdrawal Method wire transfers, cryptocurrencies, Paytrio and credit cards Energy-markets is allegedly a forex broker registered in Dominic that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:200 and floating spreads from 0.7 points on the MT4 and Webtrader trading platforms via 6 different live account types. As for regulation, it has been verified that Energy-markets currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.19/10. Please be aware of the risk. Market Instruments Energy-markets advertises that it is a forex broker trading in commodities, stocks and forex. Account Types Apart from demo accounts, Energy-markets claims to offer 6 types of trading accounts - Start, Standard, Trader, Premium, Gold and VIP, with minimum initial deposit requirements of $500, $1,000, $5,000, $10,000, $25,000 and $100,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Leverage The leverage provided by Energy-markets is adjusted based on the account type. For example, 1:200 on the Start and Standard accounts, 1:100 on the Trader account, 1:75 on the Premium account, 1:50 on the Gold account and 1:30 on the VIP account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions All spreads with Energy-markets are a floating type and scaled with the accounts offered. Specifically, the spread starts from 3 points on the Start, Standard and Trader accounts, from 2.1 points on the Premium account, from 1.5 points on the Gold account and 0.7 points on the VIP account. On the demo web trader platform, we can calculate that for EUR/USD currency pair the spread is 1.8 pips. As for the commission, the broker will charge some unspecified commissions on the Start, Standard and Trader accounts, while there isnt any commission on the Premium, Gold and VIP accounts. Trading Platform Available The platform available for trading at Energy-markets is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and web trader. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal Payment methods available at Energy-markets include wire transfers, cryptocurrencies, Paytrio and credit cards. The minimum initial deposit requirement is extremely high - up to $500. Processing time for deposits may take up to 5 business days and the same processing time applies to withdrawals. Bonuses Energy-markets offers bonuses which start at 30% for the Start account and increase proportionately with each next account reaching up to 100% for the VIP account. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators. Customer Support Energy-markets customer support can be reached by telephone: +4 (372) 014 39 7, +7 (495) 374-45-35, +4 (372) 014 39 76, email: compliance.it@energy-markets.cc, compliance.ru@energy-markets.cc, compliance.sp@energy-markets.cc, compliance.de@energy-markets.cc. Company address: 8 Copthall, Roseau Valley, 00152 Commonwealth of Dominica. Pros & Cons Pros Cons • Multiple account types to choose from • No regulation • Demo accounts available • Website inaccessible • MT4 supported • Unspecified commission charged • Extremely high minimum deposit ($500) Frequently Asked Questions (FAQs) Q 1: Is Energy-markets regulated？ A 1: No. It has been verified that Energy-markets currently has no valid regulation. Q 2: Does Energy-markets offer demo accounts？ A 2: Yes. Q 3: Does Energy-markets offer the industry-standard MT4 & MT5？ A 3: Yes. Energy-markets supports MT4 and Webtrader. Q 4: What is the minimum deposit for Energy-markets？ A 4: The minimum initial deposit to open a Start account is $500, while $1,000 for the Standard account, $5,000 for the Trader account, $10,000 for the Premium account, $25,000 for the Gold account and $100,000 for the VIP account. Q 5: Does Energy-markets charge a fee？ A 5: Like every forex broker, Energy-markets charges a fee when you trade - either in the form of a commission fee or spread fee. While the information on deposit & withdrawal fees is missing. Q 6: Is Energy-markets a good broker for beginners？ A 6: No. Energy-markets is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and extremely high initial deposit requirement ($500).