ENTFOREX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.entforex.com/createreal, about the company's legal and temporary regulatory information, the company's address WARLIES PARK HOUSE HORSESHOE HILL WALTHAM ABBEY ESSEX UNITED KINGDOM EN9 3SL.
ENTFOREX Forex Broker
Basic Information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
EntForex Broker - Complete Information Guide
1. Overview of the Broker
EntForex, officially known as Ent Investments Ltd, was established in 2022. The company claims to be headquartered in Waltham Abbey, Essex, United Kingdom, specifically at Warlies Park House, Horseshoe Hill, EN9 3SL. It operates as a private entity, and while it presents itself as a forex trading platform, it has been flagged for lacking proper regulatory oversight.
The primary market for EntForex includes retail forex traders, and its clientele reportedly spans various regions, although specific demographics are not clearly defined. The company has undergone branding changes, previously known as EntForex Global Markets, and has operated under different trading names, such as onsfx19.com. This history raises questions about its credibility and stability.
EntForex's business model focuses on providing retail forex trading services, including access to various trading instruments. However, the absence of a clear operational history and regulatory backing poses significant concerns for potential clients. The EntForex broker aims to attract customers with promises of competitive trading conditions, yet the lack of transparency in its operations is alarming.
2. Regulatory and Compliance Information
EntForex operates without any valid regulatory licenses, which is a major red flag for potential investors. The Financial Conduct Authority (FCA) of the United Kingdom has issued warnings against the broker, indicating it is unauthorized to provide financial services. This lack of regulation means that clients' funds are not safeguarded under any investor compensation schemes.
- Regulatory Bodies:
- Financial Conduct Authority (FCA) - No valid license.
- Other regulatory bodies, such as FSMA, CONSOB, and Finanstilsynet, have also blacklisted EntForex.
The company does not provide information regarding the segregation of client funds, which is a standard practice among regulated brokers to protect clients' capital. Furthermore, it lacks a clear Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance framework, which are essential for ensuring the legitimacy of financial transactions.
3. Trading Products and Services
EntForex claims to offer a diverse array of trading products, including:
- Forex: A wide range of currency pairs, although the exact number is unspecified.
- CFDs: Contracts for difference on various asset classes, including indices, commodities, stocks, and cryptocurrencies.
- Special Products: There are mentions of unique trading instruments, but specifics are not provided.
The frequency of product updates and the introduction of new trading instruments remain unclear, which can be a concern for traders looking for innovative offerings. The broker provides retail trading services primarily but does not seem to cater to institutional clients or offer white-label solutions.
The EntForex broker promotes its platform as having competitive spreads and no commissions, yet these claims lack transparency and detailed explanations, which are crucial for traders to make informed decisions.
4. Trading Platform and Technology
EntForex supports the MetaTrader 5 (MT5) trading platform, a widely recognized tool among forex traders. Here are some key features:
- Platform Support: MT4 and MT5 are available, but there are no indications of a proprietary platform.
- Web Trading: A web-based platform is offered, allowing for trading without downloading software.
- Mobile Applications: The broker provides mobile applications for both iOS and Android platforms, enabling trading on the go.
- Execution Model: The specific execution model (ECN, STP, Market Making) is not explicitly stated, which is critical for traders to understand their trading conditions.
The technical infrastructure, including server locations and API access for automated trading, is not detailed, which can hinder traders looking for robust trading solutions.
5. Account Types and Trading Conditions
EntForex does not clearly outline its account types, which is a significant drawback. Here are some points regarding its account offerings:
- Standard Account Conditions: Theres no specified minimum deposit, spreads, or commissions.
- Advanced Account Types: Information on VIP or professional accounts is not provided.
- Special Accounts: There is no mention of Islamic or corporate accounts.
- Demo Accounts: A demo account is available, but users report aggressive sales tactics once registered.
- Leverage: The broker offers a maximum leverage of 200:1, which is higher than many regulated brokers, posing additional risks.
- Minimum Trade Size: Details on minimum trade sizes are not specified.
- Overnight Fees: The policy on overnight fees remains unclear, which is essential for traders engaging in long-term positions.
6. Fund Management
EntForex provides various methods for fund management, albeit with some limitations:
- Deposit Methods: Accepted methods include bank transfers, credit cards, and e-wallets.
- Minimum Deposit Requirements: Not specified for different account types.
- Deposit Processing Time: Varies by method but generally ranges from instant to several days.
- Deposit Fees: Information on deposit fees is not provided.
- Withdrawal Methods and Restrictions: The withdrawal process is vague, with no clear timelines or fees outlined.
- Withdrawal Processing Time: Claims of swift processing are made, but specifics are lacking.
- Withdrawal Fees Structure: No clear fee structure for withdrawals is available.
The EntForex broker does not provide sufficient transparency regarding its fund management practices, which is a significant concern for potential clients.
7. Customer Support and Educational Resources
EntForex offers several customer support channels:
- Support Channels: Available through phone, email, and online chat.
- Service Hours and Time Zone Coverage: Specific hours of operation are not detailed.
- Multilingual Support: The languages supported are not explicitly stated, which may limit accessibility for non-English speakers.
- Educational Resources: The broker claims to offer various educational materials, including webinars, tutorials, and eBooks, but specifics are not provided.
- Market Analysis Services: There is mention of daily analysis and research reports, but the quality and depth of these resources are unclear.
- Trading Tools: Tools such as calculators, calendars, and signal services are mentioned, but details on their functionality are lacking.
8. Regional Coverage and Restrictions
EntForex claims to operate in various markets, but specific details are sparse:
- Primary Service Markets: The broker appears to target regions such as Turkey, Montenegro, and Italy.
- Regional Office Distribution: No information on regional offices is provided.
- Countries/Regions Not Accepted: The broker does not accept clients from the United States and other unspecified regions.
- Special Restrictions: Specific restrictions on trading or services in certain jurisdictions are not mentioned.
In summary, the EntForex broker presents itself as a forex trading platform with a broad range of products and services. However, the lack of regulation, transparency, and detailed information raises significant concerns for potential investors. It is crucial for traders to conduct thorough research and consider the risks associated with trading with an unregulated broker like EntForex.
太阳30545
Tunisia
What a surprise, the customer support called me 2 minutes after I signed up for their Demo account. He was just checking if everything is OK about my verification process. Salute!!
Positive
2022-12-19