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/10

ENMORE BROKERS

China China | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.ecbsh.com//english/index.html

Website

Rating Index

Contact

http://www.ecbsh.com//english/index.html
7F, Block C, 999 Jinzhong Rd, Shanghai

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
China
Operating Period
5-10 years
Company Name
Enmore Commodity Brokers Co. Ltd
Email
op@ecbsh.com
Address
7F, Block C, 999 Jinzhong Rd, Shanghai
Verified Site
About Us
Wiki Q&A
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Official Website

Verified Site

  • ecbsh.com
    210.14.74.209
    Server Location
    China China
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

Aspect Details
Company Name Enmore Commodity Brokers Co. Ltd
Registered Country China
Founded Year 2019
Regulation None
Tradable Assets Iron Ore, Naphtha, LPG, Coking Coal, Thermal Coal, RMD/USD physical and forward markets, OTC derivatives on SGX, CME, ICE
Customer Support Email: op@ecbsh.com, Tel: +86-21-51554885, Contact form available

Overview of ECB

Enmore Commodity Brokers Co. Ltd (ECB), established in 2019 and based in China, is a collaborative venture between Enmore Group and TP ICAP Group. ECB provides expert commodity brokerage services, both within China and internationally. The broker deals in commodities such as iron ore, naphtha, LPG, coking coal, and thermal coal, and facilitates OTC derivative transactions on prominent exchanges like SGX, CME, and ICE. However, ECB operates without regulatory regulation.

Overview of ECB

Pros and Cons

ECB specializes in commodities markets, offering access to OTC derivative transactions on major exchanges such as SGX, CME, and ICE. Their partnership with prominent firms like Enmore Group and TP ICAP Group lends credibility to their operations. Additionally, ECB serves both domestic and international clients and provides a convenient contact form on their website for support inquiries.

However, ECB is not regulated by any financial authority. The broker also does not offer coverage of forex, stocks, or indices, limiting the range of trading instruments available. There is a lack of transparency regarding account types, leverage, spreads, and fees. Furthermore, ECB does not provide any educational resources to support traders in improving their skills and knowledge.

Pros Cons
  • Specialization in commodities and energy markets
  • Not regulated
  • Access to OTC derivative transactions on major exchanges
  • No coverage of forex, stocks, or indices
  • Partnership with Enmore Group and TP ICAP Group
  • Lack of transparency in account types
  • Serves both domestic and international clients
  • Obscurity of leverage, spreads and fees
  • Contact form available
  • No educational resources

Is ECB legit or a scam?

ECB is currently not regulated by any financial regulatory body. This lack of regulation implies the absence of mandated protections and oversight typically provided by regulatory authorities.

Is ECB legit or a scam?

Market Instruments

ECB offers trading instruments focused on commodities markets for both Chinese and international clients. These include iron ore, naphtha, LPG (liquefied petroleum gas), coking coal, and thermal coal. Furthermore, ECB facilitates OTC derivative transactions on major exchanges like SGX, CME, and ICE.

Market Instruments

How to Open an Account with ECB

Since there is no direct registration button available on ECB's Website, reach out to customer support via email at op@ecbsh.com or call +86-21-51554885 to express your interest in opening an account.

Customer Support

Email: op@ecbsh.com

Tel: +86-21-51554885

Address: 7F, Block C, 999 Jinzhong Rd, Shanghai

A contact form is available on the ECB website.

Customer Support

Conclusion

ECB is a specialized commodity brokerage firm established in 2019 in China. It collaborates with prominent entities such as Enmore Group and TP ICAP Group, offering access to OTC derivatives on major exchanges like SGX, CME, and ICE. While ECB's focus on commodities markets and its international reach are strengths, its lack of regulatory oversight and transparency concerning account details, leverage, and fees are significant disadvantages. Additionally, the firm's limited range of tradable instruments and absence of educational resources could deter potential clients seeking a more well-rounded trading experience.

FAQs

Q: Is Enmore Commodity Brokers Co. Ltd (ECB) a regulated broker?

A: No, ECB operates without regulation from any financial authority.

Q: What trading instruments are available at ECB?

A: ECB provides trading in commodities such as iron ore, naphtha, LPG, coking coal, and thermal coal, along with OTC derivatives on SGX, CME, and ICE.

Q: How do I open an account with ECB?

A: To open an account, contact ECBs customer support via email at op@ecbsh.com or call +86-21-51554885, as there is no direct registration option on their website.

Q: What advantages does ECB offer?

A: ECB specializes in commodities, offers access to major exchanges for OTC derivatives, and has reputable partnerships with Enmore Group and TP ICAP Group.

Q: What are the disadvantages of ECB?

A: ECB lacks regulation, transparency in account details, leverage, and fees, and does not provide forex, stocks, indices, or educational resources.

Q: How can I contact ECB for support?

A: You can reach ECB's customer support through email at op@ecbsh.com, phone at +86-21-51554885, or the contact form on their website.

Risk Warning

Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.

Additionally, the review's generation date is a critical consideration, as information may have evolved since then. We strongly advise readers to verify updated details directly with the company before making any decisions, as the readers must be aware of and willing to accept the inherent risks involved in utilizing this information.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

What is the regulatory status and risk profile of ENMORE BROKERS?

ENMORE BROKERS operates without any verified licenses from mainstream financial authorities. According to WikiFX data, its parent company, Enmore Commodity Brokers Co. Ltd, registered in China, lacks authoritative forex regulation, resulting in a high-risk profile and the absence of standard investor protections such as segregated accounts.

04-02
United States

What is the official website of ENMORE BROKERS?

The official website for ENMORE BROKERS is not publicly disclosed in available records.

04-02
United States

Is ENMORE BROKERS suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose ENMORE BROKERS or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with ENMORE BROKERS?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States
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