ESL Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.enhancedsec.com, the company's legitimate regulatory information Hong KongSFCDealing in securities, to enhance the security of the company's address 37/F Times Tower 393 Jaffe Road Wanchai, Hong Kong..
ESL Forex Broker
Basic information
Hong Kong
5-10 years Regulated in Hong Kong Dealing in securities Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
Enhanced Securities Limited (“ESL”), a wholly owned subsidiary of G-Resources Group Limited (HKEX: 1051), was established in 2011. ESL offers financial / securities trading services. ESL can also provide margin financing. However, their license of SFC has been exceeded.
Here is the home page of this brokers official site:
Pros and Cons
| Pros | Cons |
| Various financial services | SFC (Exceeded) |
| Multiple ways to contact | Complex fee schedule |
| Does not accept popular credit cards |
Is ESL Legit?
ESLs license of the Securities and Futures Commission (SFC) (License Type: Dealing in securities, License No.AWP684) has been exceeded. Therefore, as of now, it has no valid regulations.
| Securities and Futures Commission of Hong Kong (SFC) | |
| Regulatory Status | Exceeded |
| Regulated by | China Hong Kong |
| Licensed Institution | Enhanced Securities Limited |
| Licensed Type | Dealing in securities |
| Licensed Number | AWP684 |
Services
ESL offers services in securities dealing and advising, corporate finance advisory, asset management, and margin financing.
Account Type
ESL offers the Individual, Joint, and Corporate accounts. However, they does mention the minimum deposit requirement on their website.
ESL Fees
| Market | Currency | Rate/Charges | MinCharge |
| Hong Kong Market | HKD | 0.25% on transaction amount | 100 |
| A-Share Market | CNY |
For stock trading, it also charges fees. For instance:
| Fee Type | Rate |
| CCASS Fee | ❌ |
| Contract Stamp | 0.1% on transaction amount |
| Trading Fee | 0.005% on transaction amount |
| Transaction Levy | ❌ |
| OTC Transaction | 0.5% on transaction amount |
| FRC Transaction Levy | ❌ |
Additionally, it also charges fees related to settlement, bank, loan and others.
| Item | Currency | Rate/Charges |
| CHATS Payment to Local Bank | HKD | 200 |
| Telegraphic Transfer (TT) | 300 or subject to paying bank | |
| Return Cheque Charges | 200 handling charge plus interest | |
| Stop Payment | 200 | |
| Lost Cheque |
More details can be learned: https://www.enhancedsec.com/index.html
Deposit and Withdrawal
To make a deposit, ESL accepts bank accounts by cash or cheque, carry-in the cheque in person, and telegraphic transfer (TT).
Besides, fund withdrawal can be proceeded on same day if Withdrawal Instruction can be received on or before 12:00 pm. Otherwise, the next business day will be the issue day.
Sheng85235
Venezuela
This company does not have any effective regulation or service in Spain, so I cannot find the reason to invest here. I have many other better options in the same industry.
Neutral
2023-02-14