Energy Supply foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://energysupply-bg.com/en/, about the company's legal and temporary regulatory information, the company's address 2 Graf Ignatiev Str. 1000 Sofia, Bulgaria, fl. 3, ap. 6.
Energy Supply broker review
Company Name: Energy Supply Ltd
Established: 2014
Headquarters: Sofia, Bulgaria
Company Type: Private
Primary Markets and Clientele: Energy Supply Ltd primarily operates in the energy trading sector, catering to both retail and institutional clients. Their clientele includes businesses seeking competitive energy rates and individuals interested in energy trading.
Company Development and Milestones: Over the years, Energy Supply Ltd has made significant strides in the energy market, establishing itself as a key player in energy brokerage. The firm has focused on providing clients with tailored energy solutions, ensuring competitive pricing and reliable service.
Parent Company or Group Relationships: Currently, Energy Supply Ltd operates independently with no known parent company affiliations.
Business Model: The company primarily functions as an energy supply broker, facilitating the purchase and sale of energy products for clients. They offer a range of services including retail forex trading, energy procurement, and market analysis.
The term "energy supply broker" is integral to understanding the company's operations, as it describes their role in connecting clients with energy suppliers and negotiating favorable terms.
Main Regulatory Authorities:
Regulatory Numbers:
Currently, Energy Supply Ltd does not possess a valid regulatory license, which raises concerns regarding its operational legitimacy.
License Validity and Scope:
Energy Supply Ltd has been flagged for operating without a valid regulatory license, indicating that it may not adhere to the established regulations governing energy brokers.
Legal Entities in Different Regions:
The company operates primarily under Bulgarian law, with no known legal entities established in other jurisdictions.
Client Fund Segregation Policies:
Details regarding the segregation of client funds are not explicitly provided, which is a critical aspect for potential clients to consider.
Investor Compensation Fund Participation:
There is no information available regarding participation in any investor compensation schemes, which could pose a risk to clients in the event of insolvency.
KYC and AML Compliance Measures:
Energy Supply Ltd has not publicly disclosed its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance policies, which are essential for ensuring client security and regulatory adherence.
The lack of a valid regulatory framework for an "energy supply broker" like Energy Supply Ltd raises significant concerns for potential clients regarding the safety and legality of their operations.
Number of Forex Currency Pairs and Major Variants:
Energy Supply Ltd offers a limited selection of forex currency pairs, primarily focusing on major currencies such as EUR/USD, GBP/USD, and USD/JPY.
CFD Product Categories:
The broker provides Contracts for Difference (CFDs) across various asset classes, including:
Unique Products or Exclusive Trading Variants:
There is no indication that Energy Supply Ltd offers any unique or proprietary trading products that differentiate it from other brokers in the market.
Product Update Frequency and New Additions:
Information on how frequently products are updated or new products are added is not available, which could impact clients' trading strategies.
Retail Trading Services:
Energy Supply Ltd focuses on providing retail trading services, enabling individual clients to trade energy commodities and forex products.
Institutional Client Services:
Details regarding services tailored for institutional clients are not provided, indicating a potential lack of offerings in this area.
White Label Solutions:
There is no information available on whether Energy Supply Ltd offers white label solutions for other businesses.
Asset Management Services:
The company does not appear to provide asset management services, which could limit options for clients seeking comprehensive financial management.
In summary, the offerings of Energy Supply Ltd as an "energy supply broker" are relatively limited, particularly in terms of unique trading products and institutional services.
MetaTrader 4/5 Support:
Energy Supply Ltd does not explicitly mention support for MetaTrader 4 or MetaTrader 5, which are widely recognized trading platforms in the forex and CFD markets.
Proprietary Platform Details:
The broker has not disclosed any information regarding the development of a proprietary trading platform, which could affect user experience and functionality.
Web-Based Trading Platform:
There is no information available about a web-based trading platform, which is increasingly important for modern traders seeking flexibility.
Mobile Applications:
Energy Supply Ltd does not provide details on mobile application support for trading, which is crucial for traders who require access to their accounts on the go.
Execution Models:
The execution model employed by Energy Supply Ltd is not specified, leaving potential clients uncertain about the speed and reliability of trade execution.
Server Locations and Technical Infrastructure:
No information is available regarding server locations or the technical infrastructure that supports trading operations, which can impact order execution speed and reliability.
API Access and Automated Trading Support:
Energy Supply Ltd has not mentioned any support for API access or automated trading solutions, which are essential for algorithmic traders.
The lack of robust trading platforms and technology options for an "energy supply broker" like Energy Supply Ltd may deter potential clients looking for advanced trading capabilities.
Standard Account Conditions:
Advanced Account Types:
There is no mention of advanced account types, such as VIP or professional accounts, which could provide enhanced trading conditions.
Special Accounts:
Information regarding special account types, such as Islamic accounts or corporate accounts, is not available.
Demo Account Policies:
The broker has not provided information on the availability of demo accounts, which are crucial for new traders to practice their strategies.
Leverage Ratios:
Details on leverage ratios for various products are not disclosed, which can significantly impact trading strategies.
Minimum Trade Sizes:
Information regarding the minimum trade sizes is not available, leaving potential clients uncertain about their trading capabilities.
Overnight Fees Policies:
Energy Supply Ltd has not communicated its policies regarding overnight fees, which are essential for traders holding positions overnight.
The lack of transparency in account types and trading conditions for an "energy supply broker" like Energy Supply Ltd could be a significant drawback for potential clients.
Supported Deposit Methods:
Energy Supply Ltd supports various deposit methods, including:
Minimum Deposit Requirements:
Specific minimum deposit requirements for different account types are not disclosed.
Deposit Processing Times:
The broker has not provided information on how long deposits take to process, which is critical for traders needing quick access to funds.
Deposit Fees:
Details regarding any fees associated with deposits are not available.
Withdrawal Methods and Restrictions:
Energy Supply Ltd allows withdrawals via similar methods as deposits, but specific restrictions are not provided.
Withdrawal Processing Times:
The broker has not specified how long withdrawal requests take to process.
Withdrawal Fee Structure:
Information on withdrawal fees is not disclosed, which could affect clients' overall trading costs.
The lack of clarity regarding fund management for an "energy supply broker" like Energy Supply Ltd raises concerns about the ease of accessing funds and managing accounts.
Support Channels:
Energy Supply Ltd offers customer support through various channels, including:
Service Hours and Time Zone Coverage:
The broker has not specified its service hours or time zone coverage, which is important for global clients.
Multilingual Support:
There is no information available regarding the languages supported by customer service.
Types of Educational Resources:
Energy Supply Ltd does not provide information on educational resources such as webinars, tutorials, or e-books, which are essential for trader development.
Market Analysis Services:
Details about market analysis services, including daily analysis, news, or research reports, are not available.
Trading Tools:
The broker has not mentioned any trading tools, such as calculators, calendars, or signal services, that could assist traders in their decision-making processes.
The lack of comprehensive customer support and educational resources for an "energy supply broker" like Energy Supply Ltd may limit the overall trading experience for clients.
Primary Service Markets:
Energy Supply Ltd primarily serves clients in Bulgaria and may extend services to select European markets.
Regional Office Distribution:
The company operates from its headquarters in Sofia, Bulgaria, with no information on additional regional offices.
Countries/Regions Not Accepting Clients:
Energy Supply Ltd does not provide a list of countries or regions from which it does not accept clients, which is critical for compliance with international regulations.
Special Restrictions Explanation:
There are no details available regarding any special restrictions that may apply to client accounts or trading activities.
In conclusion, the operational landscape of Energy Supply Ltd as an "energy supply broker" presents numerous challenges, particularly concerning regulatory compliance, product offerings, and customer support. Potential clients should exercise caution and conduct thorough research before engaging with this broker.