Edge Clear Review 1
Great personalized customer support service. The personalized support I got was amazing, kind and Professional. Thank you, Edge Clear :) Have a nice day.
Edge Clear Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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Great personalized customer support service. The personalized support I got was amazing, kind and Professional. Thank you, Edge Clear :) Have a nice day.
Edge Clear has quickly established itself as a notable player in the futures trading market, garnering positive feedback for its customer service and innovative trading technology. Users commend the broker for its competitive commission rates and robust trading platform, Edge Pro X. However, some concerns have been raised regarding its regulatory status, as it operates without formal oversight. This review aims to provide a comprehensive overview of Edge Clear, highlighting its strengths, weaknesses, and key features.
Note: It's important to consider that Edge Clear operates across different jurisdictions, which may affect its regulatory standing and service offerings. This review employs a balanced methodology to ensure accuracy and fairness in evaluating the broker.
Category | Rating (out of 10) |
---|---|
Account Conditions | 7 |
Tools and Resources | 8 |
Customer Service and Support | 9 |
Trading Setup (Experience) | 8 |
Trustworthiness | 6 |
User Experience | 8 |
Additional Score | N/A |
We rate brokers based on comprehensive research and user feedback.
Established in 2019, Edge Clear is a futures brokerage firm focused on providing a seamless trading experience through advanced technology and dedicated customer support. The firm operates its proprietary trading platform, Edge Pro X, which is known for its customizable features and user-friendly interface. Edge Clear primarily facilitates futures trading across various asset classes, including commodities, equities, and cryptocurrencies. The broker is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA), although its lack of broader regulatory oversight raises some concerns among potential clients.
Regulated Geographic Regions:
Edge Clear operates primarily in the United States and is registered with the CFTC and NFA. However, it lacks additional international regulatory licenses, which could raise red flags for some traders.
Deposit/Withdrawal Currencies:
The broker accepts deposits primarily in USD and allows for both domestic and international wire transfers. However, funding must come from a bank account in the name of the trading account, adhering to anti-money laundering regulations.
Minimum Deposit:
The minimum initial deposit for trading at Edge Clear is typically $5,000 for standard contracts and $1,500 for micro contracts. However, exceptions may apply with prior approval from the risk department.
Bonuses/Promotions:
Currently, Edge Clear offers promotional commission rates for specific products, such as $0.22 per side for popular micro contracts. They also provide a 14-day free demo of their trading platform.
Tradeable Asset Classes:
Edge Clear specializes in futures trading, offering a wide array of products across different asset categories, including equity indexes, agricultural commodities, metals, and energies. Notably, they provide access to micro contracts, which are ideal for beginner traders.
Costs (Spreads, Fees, Commissions):
The fee structure at Edge Clear is transparent, with competitive commission rates starting at $0.22 per side for micro contracts. Additional fees may include exchange fees, regulatory fees, and a monthly platform fee of $34.99 for Edge Pro X.
Leverage:
Leverage options are not explicitly stated, but day trading margins typically range from 25% to 50% of the exchange's initial margins. Lower margins may be available upon request.
Allowed Trading Platforms:
Edge Clear operates its proprietary platform, Edge Pro X, which is compatible with Windows, macOS, and Linux. They also offer other tools like Edge QX for automated trading strategies.
Restricted Regions:
While Edge Clear primarily serves U.S. clients, potential restrictions may apply based on local regulations in other jurisdictions.
Available Customer Service Languages:
Customer support is primarily conducted in English, with multiple channels available, including live chat, phone, and email.
Category | Rating (out of 10) |
---|---|
Account Conditions | 7 |
Tools and Resources | 8 |
Customer Service and Support | 9 |
Trading Setup (Experience) | 8 |
Trustworthiness | 6 |
User Experience | 8 |
Account Conditions (7/10):
Edge Clear's minimum deposit requirements are relatively high compared to some competitors. However, they do offer flexible account types tailored to different trading needs, including options for IRA futures.
Tools and Resources (8/10):
The Edge Pro X platform is highly praised for its advanced analytics and customizable charting features. Users appreciate the comprehensive educational resources available, including podcasts and video tutorials.
Customer Service and Support (9/10):
Customer service at Edge Clear is a standout feature, with users reporting quick response times and personalized support from dedicated brokers assigned to each account. This level of service is often highlighted in user reviews.
Trading Setup (8/10):
The trading experience is generally smooth, thanks to the platform's user-friendly interface and advanced tools. However, the lack of additional trading instruments beyond futures may limit some traders.
Trustworthiness (6/10):
While Edge Clear is registered with the CFTC and NFA, its lack of broader regulatory oversight raises concerns. Users should be aware of the potential risks involved.
User Experience (8/10):
Overall, the user experience is positive, with many users finding the platform easy to navigate and the tools effective for their trading strategies.
In summary, Edge Clear presents a compelling option for futures traders, particularly those who value customer service and technological innovation. However, potential clients should carefully consider the regulatory landscape and the broker's specific offerings before making a decision. For those seeking a robust trading experience, Edge Clear is worth exploring further.