Enlighten Forex Broker

Enlighten Review SummaryFounded2005Registered Country/RegionHong KongRegulationSFCMarket InstrumentsStocks, Futures and SecuritiesDemo Account❌Leverage/Trading PlatformWebMin Deposit/Customer SupportTel: +852 2152 3388Fax: (852) 2854 1109Email: services@enlighten.com.hk; clive.au@enlighten.com.hkPhysical address: 6th Floor, Jieli Centre, 18 Fenwick Street/46 Gloucester Road, Wan Chai, Hong Kong Established in 2005, Enlighten is a Hong Kong-registered financial company primarily engaged in Hong Kong and international finance-related businesses. It provides services covering stocks, futures, and securities through a web-based platform. In addition, Enlighten is regulated by the Securities and Futures Commission of Hong Kong (SFC).Pros and ConsProsConsLong history of operationNo demo accountsRegulated by SFCMultiple fees chargedVarious trading choicesLimited info on deposit/ withdrawalIs Enlighten Legit? Yes, Enlighten is indeed legitimate. It possesses a license for dealing in futures contracts issued by the Securities and Futures Commission of Hong Kong (SFC), with the license number AGA532. This signifies that the operations of the company are subject to rigorous oversight by this financial regulatory body. Generally speaking, your assets should be protected from any threatening behavior. Therefore, you may consider transacting with this broker.Regulated CountryRegulated AuthorityCurrent StatusRegulated EntityLicense TypeLicense NumberSecurities and Futures Commission of Hong Kong (SFC)RegulatedEnlighten Futures LimitedDealing in futures contractsAGA532What Can I Trade on Enlighten? Enlighten offers a wide range of securities, stocks and futures, and provides access to both Hong Kong and international markets. Security: Hong Kong Market: Stock cash, deposit account, Subscription for new shares and financing, Stock lending... Futures: Hong Kong Market: Hang Seng Index futures and options, Mini Hang Seng Index futures and options, H-share index futures and options, Small-cap H-share index futures... International Market: Index futures around the world, Forex futures, Commodity futures, Precious metal futures, Energy futures)...Tradable InstrumentsSupportedStocks✔Futures✔Securities✔Forex❌Commodities❌Indices❌Cryptocurrencies❌How to Open an Account on Enlighten? If you are an individual client, before opening an account with Enlighten, you need to submit copies of your Hong Kong identity card or passport, along with proof of address. If you are representing a company to open a corporate account, you will need to prepare the following documents:Copy of the Board of Directors' resolution for opening an account and operating this company account (Board of Resolution);Company Certified copy of registration (CI);Certified copy of business registration certificate (BR);Certified copy of company organization and articles of association (M4&A)Hong Kong identity cards of all authorized agents, directors and substantial shareholders of their own accounts Copy of ID card or passport;Certified copy of the client's list of directors and shareholders;Certified copy of the latest audit report and balance sheet not older than 2 monthsCertificate of Incumbency of current directors.Enlighten Fees Enlighten charges various fees, including transaction costs, stock deposit/withdrawal fees, settlement instruction fees, nominee services fees, initial public offering (IPO) fees, and more. Among these, the commission for trading starts at $70. You can find details of all fees on Enlighten's website.Trading Platform Enlighten offers a web-based trading platform that requires you to register an account and log in to access. We haven't tested this platform yet. However, given that this broker is legally regulated, you can register an account to experience it. Additionally, we recommend that you look into some reputable brokers who offer the globally advanced and professional platforms, such as MT4 and MT5.Trading PlatformSupportedAvailable DevicesSuitable forWeb platform✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Enlighten did not disclose the methods for making deposits and withdrawals. However, on its Service Charges Page, Enlighten mentioned that it imposes certain fees for deposits and withdrawals involving stocks. The conditions are as follows: For stock spot deposits, there are no deposit fees, but transfer fees and paper stamping fees are applicable. For stock withdrawals, it charges $5per lot and an $5 per board lot for physical stock withdrawals.