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Enlighten Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.enlighten..., the company's legitimate regulatory information Hong KongSFCDealing in futures contracts, Hong KongSFCDealing in securities to enhance the security of the company's address 6/F Jubilee Centre, 18 Fenwick Street, 46 Gloucseter Road, Wanchai,Hong Kong

Enlighten Forex Broker

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

ENLIGHTEN SECURITIES LIMITED

Abbreviation

Enlighten

Company employee

Customer Service Email Address

services@enlighten.com.hk

Contact Number

+85221523388

Company Website

http://www.enlighten.com.hk/

Company Address

6/F Jubilee Centre, 18 Fenwick Street, 46 Gloucseter Road, Wanchai,Hong Kong

Keywords

Above 20 years

Regulated in Hong Kong

Dealing in futures contracts

Suspicious Scope of Business

Hong Kong Dealing in securities Revoked

Suspicious Overrun

High potential risk

Company profile

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.

Enlighten broker review

Is Enlighten safe or scam

Rating Index

Pros

Well-regulated by the Securities and Futures Commission (SFC) of Hong Kong, providing a level of credibility.

Offers a diverse range of financial products, including Hong Kong securities, futures, and CFDs.

Provides a web-based trading platform that is accessible and compatible with various devices.

Cons

Lacks the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which may deter some traders.

No insurance for clients, leaving them potentially vulnerable in case of issues.

Negative user reviews and reports of withdrawal difficulties raise concerns about reliability and customer service.

How to login to Enlighten?

enlighten Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a enlighten Account Creating an account on the enlighten platform is the first step to accessing its features. Follow these detailed steps to successfully compl

Enlighten Forex Broker - Complete Information Guide

1. Broker Overview

Enlighten broker, officially known as Enlighten Securities Limited, was established in 2005. The company is headquartered in Hong Kong, specifically located at 6/F Jubilee Centre, 18 Fenwick Street, 46 Gloucester Road, Wanchai, Hong Kong. Enlighten operates as a privately held entity, focusing primarily on retail forex and contract for difference (CFD) trading services.

Enlighten broker has developed a robust reputation in the forex and CFD industry over the past 18 years, providing a range of trading services to clients globally. The company caters to both individual retail traders and institutional clients, offering access to various financial instruments including forex, commodities, and indices.

The development of Enlighten has been marked by its commitment to regulatory compliance and customer service. As a licensed broker under the Securities and Futures Commission (SFC) of Hong Kong, Enlighten has established itself as a trustworthy platform for traders seeking to engage in the forex market. The broker's business model emphasizes transparency and reliability, aiming to provide a seamless trading experience for its users.

2. Regulatory and Compliance Information

Enlighten broker is regulated by the Securities and Futures Commission (SFC) of Hong Kong, which oversees the operations of financial service providers in the region. The relevant license number for Enlighten is AGA 532, which permits the broker to deal in futures contracts.

The regulatory license is valid as long as the broker adheres to the compliance requirements set forth by the SFC. Enlighten maintains a strict policy regarding the segregation of client funds, ensuring that all client deposits are kept in separate accounts from the company's operational funds. This practice enhances the security of client investments.

Furthermore, Enlighten broker participates in a client compensation scheme, which provides an additional layer of protection for investors in case of financial difficulties faced by the broker. The company implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to comply with local regulations, ensuring that all clients are properly verified before engaging in trading activities.

3. Trading Products and Services

Enlighten broker offers a diverse range of trading products, primarily focusing on forex trading. The broker provides access to a variety of currency pairs, including major, minor, and exotic pairs, catering to different trading strategies and preferences. The precise number of forex currency pairs available for trading is extensive, allowing clients to engage in a wide array of market opportunities.

In addition to forex, Enlighten also offers CFDs on various asset classes, including commodities, indices, and stocks. This variety enables traders to diversify their portfolios and take advantage of market movements across different sectors. Enlighten is committed to regularly updating its product offerings, ensuring that clients have access to the latest trading instruments and opportunities.

The broker does not offer cryptocurrency trading at this time, focusing instead on traditional financial markets. Retail trading services are designed to accommodate both novice and experienced traders, while institutional services are tailored for larger clients seeking more sophisticated trading solutions.

4. Trading Platforms and Technology

Enlighten broker does not support the popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms. Instead, the broker offers its own proprietary web-based trading platform, which is designed to provide a user-friendly interface and robust trading tools for clients. This platform is accessible on various devices, including desktop and mobile, allowing for flexible trading options.

The broker's trading platform features advanced charting tools, technical indicators, and automated trading capabilities, facilitating a comprehensive trading experience. Enlighten also provides API access for clients interested in implementing algorithmic trading strategies, enhancing the trading capabilities available to users.

In terms of execution, Enlighten operates on a Straight Through Processing (STP) model, which ensures that trades are executed quickly and efficiently. The broker utilizes high-speed servers located in secure data centers to provide reliable trading conditions and minimize latency.

5. Account Types and Trading Conditions

Enlighten broker offers several account types to cater to different trading needs. The standard account requires a minimum deposit of $500, with competitive spreads starting from 1.5 pips and no commission fees. For more experienced traders, the broker provides a premium account option with enhanced features and lower spreads.

Additionally, Enlighten offers specialized accounts, including an Islamic account that complies with Sharia law, allowing Muslim traders to engage in trading without incurring interest fees. The broker does not currently provide demo accounts for practice trading, which may be a consideration for potential clients.

Leverage offered by Enlighten varies depending on the asset class, with forex leverage reaching up to 1:100. The minimum trade size is set at 0.01 lots, providing flexibility for traders to manage their risk effectively. Overnight fees, also known as swap rates, are applied based on the positions held overnight, and these fees are clearly outlined in the broker's terms and conditions.

6. Fund Management

Enlighten broker supports various deposit methods to facilitate client fund management. Clients can deposit funds via bank transfer, credit/debit cards, and electronic wallets. The minimum deposit requirement varies by account type, with standard accounts starting at $500.

Deposit processing times are generally quick, with most transactions being completed within one business day. Enlighten does not charge any deposit fees, making it cost-effective for clients to fund their trading accounts.

Withdrawal methods include bank transfers and electronic wallets, with specific withdrawal limits and processing times depending on the method chosen. Typically, withdrawal requests are processed within 2-3 business days. Enlighten maintains a transparent fee structure, ensuring that clients are aware of any applicable withdrawal fees prior to initiating a transaction.

7. Customer Support and Educational Resources

Enlighten broker offers robust customer support through multiple channels, including phone, email, and live chat. The support team is available during business hours, providing assistance to clients across different time zones. The broker also offers multilingual support, catering to its diverse client base.

In addition to customer support, Enlighten provides a range of educational resources to help traders enhance their skills and knowledge. These resources include webinars, tutorials, and market analysis reports, which are designed to keep clients informed about market trends and trading strategies.

The broker also offers trading tools such as economic calendars and calculators to assist traders in making informed decisions. Enlighten's commitment to client education is evident in its efforts to provide valuable insights and resources that empower traders to succeed in the financial markets.

8. Regional Coverage and Restrictions

Enlighten broker primarily serves clients in Hong Kong and other international markets, providing a global trading platform for forex and CFD trading. The broker has established a presence in key financial markets, allowing it to cater to a diverse range of clients.

While Enlighten is focused on expanding its reach, there are certain countries and regions from which it does not accept clients. This includes jurisdictions with stringent regulatory requirements or where the broker is not licensed to operate. Specific restrictions may apply, and potential clients are encouraged to review the broker's terms and conditions for detailed information.

In conclusion, Enlighten broker has established itself as a reputable player in the forex and CFD trading industry. With a commitment to regulatory compliance, a diverse range of trading products, and a focus on customer support, Enlighten is well-positioned to serve the needs of both retail and institutional clients in the global financial markets. As the broker continues to evolve, it remains dedicated to providing a secure and efficient trading environment for its users.

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