Everbright Securities Forex Broker
Basic Information
Hong Kong
5-10 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
Rating Index
Everbright Securities Forex Broker - Complete Information Guide
1. Overview of the Broker
Everbright Securities, officially known as China Everbright Securities International Company Limited, was established in 1996. The company is headquartered in Hong Kong, specifically at 28/F, Lee Garden One, 33 Hysan Avenue, Causeway Bay, Hong Kong. As a subsidiary of the China Everbright Group, Everbright Securities is a publicly listed firm that operates within the financial services sector.
The broker primarily serves the markets in Hong Kong and mainland China, catering to both retail and institutional clients. Over the years, Everbright Securities has developed a strong presence in the financial markets, achieving significant milestones such as expanding its service offerings and enhancing its technological infrastructure.
The company's business model encompasses retail forex trading, institutional services, and a range of investment products, including equities, bonds, and wealth management solutions. Everbright Securities is recognized for its commitment to providing comprehensive financial services, including asset management and corporate finance.
2. Regulatory and Compliance Information
Everbright Securities operates under the regulation of the Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC). The regulatory license numbers include SFC License No. AAW 536 for dealing in securities and SFC License No. AEX 690 for dealing in futures contracts and leveraged forex trading.
The licenses are valid for conducting various financial activities, ensuring compliance with local laws and regulations. Everbright Securities has implemented a Know Your Customer (KYC) policy to verify the identity of its clients and adhere to Anti-Money Laundering (AML) regulations, fostering a secure trading environment.
Client funds are maintained in segregated accounts to protect against misuse, and the broker participates in investor compensation schemes to further safeguard client assets.
3. Trading Products and Services
Everbright Securities offers a diverse range of trading products, including:
- Forex Trading: The broker provides access to numerous currency pairs, including major, minor, and exotic pairs.
- CFDs (Contracts for Difference): Clients can trade CFDs on indices, commodities, and stocks, allowing for speculation on price movements without owning the underlying asset.
- Special Products: The broker may introduce unique trading instruments and products, depending on market demand and trends.
The broker regularly updates its product offerings to align with market developments, ensuring clients have access to a comprehensive suite of trading options. Both retail and institutional clients can benefit from these services, with tailored solutions available for high-volume traders.
4. Trading Platforms and Technology
Everbright Securities supports the widely used MetaTrader 4 (MT4) platform, known for its robust functionality and user-friendly interface. Additionally, the broker provides a proprietary platform called FXTrader Pro, which is designed to offer advanced trading features and direct market access.
Clients can access the trading platforms through various channels, including desktop applications, web-based platforms, and mobile apps available for both iOS and Android devices. The broker employs ECN (Electronic Communication Network) and STP (Straight Through Processing) execution models, ensuring efficient trade execution.
The broker's technology infrastructure is backed by secure servers located in strategic financial hubs, facilitating low-latency trading and high availability. API access is also available for clients interested in automated trading solutions.
5. Account Types and Trading Conditions
Everbright Securities offers several account types to meet the diverse needs of its clients:
- Standard Account: Requires a minimum deposit of $5,000, with competitive spreads starting from 1.1 pips. Commission on trades is generally based on the transaction amount.
- VIP and Professional Accounts: Tailored for high-net-worth individuals and professional traders, these accounts may offer enhanced features and lower trading costs.
- Islamic Accounts: Available for clients adhering to Sharia law, these accounts do not incur any interest charges.
The broker provides a demo account for clients to practice trading strategies without financial risk. Leverage options vary, with a maximum of 1:20 available on forex products. The minimum trade size starts at 0.01 lots, and overnight fees are applicable based on the positions held.
6. Fund Management
Everbright Securities supports various deposit methods, including:
- Bank Transfers: Clients can fund their accounts via bank wire transfers, which are the primary method for both deposits and withdrawals.
- Minimum Deposit Requirements: The minimum deposit for opening a standard account is $5,000, which allows clients to access the broker's trading services.
Deposit processing times are generally swift, while withdrawal requests are also handled efficiently, often completed within a few business days. The broker does not charge fees for deposits, but withdrawal fees may apply depending on the method used.
7. Customer Support and Educational Resources
Everbright Securities provides comprehensive customer support through multiple channels, including:
- Phone Support: Clients can reach the support team via dedicated hotlines available during market hours.
- Email Support: Clients can send inquiries to designated email addresses for assistance.
- Live Chat: An online chat feature may be available for immediate support.
The broker offers multi-language support, catering to clients from various regions. Educational resources include webinars, tutorials, and market analysis services, helping clients enhance their trading knowledge and skills.
8. Regional Coverage and Restrictions
Everbright Securities primarily serves clients in Hong Kong and mainland China, with regional offices located in major cities. However, the broker may impose restrictions on clients from certain countries due to regulatory compliance issues. Specific countries where clients may not be accepted are not publicly disclosed.
The broker's services are designed to cater to the needs of both individual and corporate clients, ensuring a broad reach within the financial markets.
In conclusion, Everbright Securities broker is a prominent player in the forex and financial services industry, offering a diverse range of products and robust trading platforms. With a strong regulatory framework and a commitment to client security, the broker aims to provide a reliable trading environment for both retail and institutional investors.