Enduring Markets Review: All the Pros and Cons

Enduring Markets Review: All the Pros and Cons Featured

By / Reviews / Friday, 23 September 2022 00:15

Regulation and License

None

HQ

London, United Kingdom

The founding year

2022

Leverage range

-

Minimum deposit

$200

Platforms

Enduring Markets web terminal

Tradable Instruments

Stocks, forex, CFDs, commodities, indices, cannabis

Demo account

No

Base Currencies

EUR, USD

Customer support

Yes (English)

Active clients

-

Publicly traded

No

Crypto

Yes

Website

www.enduringmarkets.com

Pros and Cons of Enduring Markets

Pros

Cons

A good selection of trading instruments including crypto

Lacks Islamic and demo accounts

Average initial deposit amount

Limited free educational and research materials

No deposit and inactivity fees

 

Longer withdrawal processing times

Bonuses and contests

Unlicensed broker

 Accepts crypto payments

Fails to specify the leverage ratios

Enduring Markets Overview

 

Enduring Markets is an unregulated online forex and CFD broker established in 2022 to offer advanced trading solutions. While the broker's offices are located in London and Singapore, its services are available worldwide. The broker caters to traders of different levels with its seven trading account types: standard, silver, bronze, gold, platinum, pro, and VIP. Clients can trade commodities, indices, ETFs, stocks, crypto, and forex.

Regarding the trading platform, Enduring Markets doesn't go the traditional way to offer the industry standard MT4 platform. Instead, the broker offers its version of a web-based terminal. Unfortunately, the broker doesn't cater to those who would require desktop or mobile versions of the trading platform.

The broker's website doesn't state the company's ownership and other details, so it's unclear if it's a registered legal entity or owned by one.

Our Enduring Markets review details all the pros and cons of the broker's services, including fees, deposits and withdrawals, instruments available, trading platform, and educational materials.

Enduring Markets Safety Review

In our Enduring Markets review, we didn't find some crucial company information. For instance, the broker's website doesn't clarify which registered company owns it or whether it's a registered legal entity.

There's also no licensing information on the website. We ran a search through the top-tier regulatory bodies to double-check, but no results came up, implying that the broker is not regulated.

Pros

Cons

Provides the company's physical office addresses in London and Singapore.

Lacks licensing information

 

Doesn't segregate client and corporate funds

 

Fails to provide the company's financial information on the website

 

Not publicly traded

Risk disclaimer: Forex and CFD trading carry a higher risk if the market moves against the trader's speculation. Having sufficient trading knowledge, experience, and comprehension of potential risks is important before placing a trade.

Enduring Markets Fees


Enduring Markets traders don't incur dormant/inactive account fees. Brokers charge inactivity fees if an account holder leaves the account dormant for a certain period, say six months. Dormant means no trades, deposits, withdrawals, etc., in consecutive months.

Traders should expect to pay an unspecified withdrawal fee. Luckily, the broker doesn't charge any deposit fees.

Enduring Markets Spread Overview


Enduring Markets doesn't specify the average spread rates. However, a closer look at the platform shows almost all products have a pip value of € 0.01 but with varying margins. The table below provides a clear picture of the average Enduring Markets spreads when writing this review.

Assets

Pips Value (Spread)

Required Margin

Major currency pair GBP/USD

€ 0.1

€ 1,140

Commodities, wheat

€ 0.01

 € 841.27

Stocks, LYFT

€ 0.01

€ 16.99

Indices, NASDAQ

€ 0.01

€ 11,857.13

Crypto, BTC/USD

€ 0.01

€ 19,968

ETFs, GLD

€ 0.01

€ 155.82

Overall, the Enduring Markets trading and non-trading fees are pretty reasonable and fairly competitive. The other pros include the zero deposit and inactivity fees. There's an unspecified fixed withdrawal fee and swap rates on the negative side.

Enduring Markets Deposits and Withdrawals

Enduring Markets clients must verify their trading accounts for the broker to process their withdrawal requests within five days. Traders should also use payment accounts bearing their names. Otherwise, the transaction might be denied. The initial minimum deposit is $200 but can gradually rise depending on the account type the trader signs up with.

Pros

Cons

Charges zero deposit fees

Undisclosed withdrawal fees

Accepts various payment options

●      Crypto transfers

●      Credit/debit/prepaid cards

●      Bank wire transfers

The higher minimum deposit for the elite accounts

Enduring Markets Account Registration


Enduring Markets accepts traders from around the world, but they must be at least 18 years. They should also agree with the broker's terms and conditions which are quite reasonable. However, it's always a good idea to go over the terms and conditions before checking the agreement box.

Pros

Cons

Quick and simple digital registration and verification process

The higher initial minimum deposit for some accounts

Simple registration form requiring the most basic details

Clients must submit verification documents

 

Certain countries like the United States may find it illegal for its citizens to trade with an unregulated broker

Anyone who meets the requirements and is interested in trading with Enduring Markets can sign up as follows.

  1. Visit the official broker's website.
  2. Go to the 'Open Account' button at the top right corner section of the website.
  3. Fill in all the required details in the pop-up registration form.
  4. Hit the 'Sign Up' button below.
  5. Login using the details and continue to verify the account.

Enduring Markets Account Types

At Enduring Markets, traders can choose from seven types of live trading accounts: standard, silver, bronze, gold, platinum, pro, and VIP. Some accounts offer more features than others with the standard account being the most basic one.

The notable downsides of Enduring Markets accounts are the failure to include demo and Islamic swap-free accounts and higher minimum deposits for certain accounts.  

Below are the detailed features that each account offers.

Standard Account

  • Standard leverage
  • Platform presentation
  • Personal account assistant

Bronze Account

  • Bonus
  • Bronze leverage
  • 1 Insured trade
  • Personal financial assistant
  • Educational course (beginner level)

Silver Account

  • Bonus
  • Silver leverage
  • 4 insured trades
  • Personal financial assistant
  • Educational course (standard level)
  • Investment strategy (financial plan included)
  • Company financing

Gold Account

  • Bonus
  • Gold leverage
  • 8 insured trades
  • Senior financial assistant
  • Educational course (advanced level)
  • Investment strategy (financial plan included)
  • Company financing

Platinum Account

  • Trading signals
  • Platinum leverage
  • Order notifications
  • 16 risk insured trades
  • Senior financial assistant
  • Premium contracts (pre-order)
  • Mutual investment programs access
  • Economic events & current trend updates
  • Advanced investment strategy (financial plan included)
  • Company financing (advanced)

Pro Account

  • Premium bonus
  • Pro leverage
  • Premium customer care
  • Personal order notifications
  • Daily trading signals updates
  • Exclusive programs (reservation)
  • Mutual investment programs access
  • Economic events & current trend updates
  • Premium investment strategy (financial plan included)
  • Company financing (premium)

VIP Account

The broker doesn't provide any valuable information about this account. From the little information given, it's clear that the account is designed for specific people. Users who would want to obtain more information about the account can contact the broker's customer service team via email: This email address is being protected from spambots. You need JavaScript enabled to view it..

Enduring Markets Trading Platform

Enduring Markets doesn't offer any renowned trading platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). The broker utilizes its web-based trading platform, which is relatively simple to master and use.

Pros

Cons

Simple and user-friendly interface

Demo account is not activated

It has a social trading feature

Lacks mobile and desktop versions of the trading platform

Extensive tradable instruments

 

Enduring Markets Tradable Markets and Products

Given its short duration in the industry, Enduring Markets offers a good selection of tradable instruments. When writing this review, users had access to the following underlying assets.

  • 50+ currency pairs
  • 90+ crypto pairs
  • 19 indices
  • 17 commodities
  • 12 ETFs
  • 30+ individual stocks
  • 9 Cannabis

The only con is that Enduring Markets doesn't offer options, funds, futures, and bonds for trading.

Enduring Markets Leverage Offered

Enduring Markets offers leverage of varying levels depending on the account type. However, the broker uses vague terms for leverage associated with each account, for instance, pro or silver leverage.

Leverage risk disclaimer: Leverage trading increases the potential profits if the markets move in the speculated direction. If the markets move against the trader's expectations, it's possible to lose more than the initial capital. Therefore, leverage trading is not suited for all traders and should be used wisely.

Enduring Markets Customer Support

Enduring Markets offers customer support via emails (This email address is being protected from spambots. You need JavaScript enabled to view it.) with the default English language. The broker's customer support cons are failure to include phone contacts and not specifying the support available in terms of days per week.

Enduring Markets Educational Tools

Forex brokers ought to offer the best educational content to their traders for virtually everything forex and CFD trading. The educational tools should include tutorials for the broker's trading platform to cater to both novice and experienced traders.

Enduring Markets lags in offering free educational tools. The education section of the broker's website contains a brief glossary and definitions of fundamental and technical analysis. However, the broker offers personalized educational content for traders who sign up with various accounts. It's only the standard account that doesn't offer any educational content.

Pros

Cons

Offers educational courses for traders who sign up with all account types except the standard account

Lacks trading platform tutorials

 

Limited free educational content

 

No demo account for sharpening trading skills

Enduring Markets Review Verdict

Enduring Markets offers a good range of tradable products across crypto, forex, stocks, ETFs, indexes, commodities, and CFDs. Unfortunately, the broker doesn't provide a demo account for novice traders to sharpen their trading skills and for experienced traders who haven't used the broker's terminal to get familiar with it. Users can fund their accounts via crypto transfers, debit/credit cards, and bank transfers.

However, Enduring Markets has much to work on, for instance, more resourceful and free educational and research content. The broker doesn't accommodate traders who observe the Sharia law as there's no Islamic swap-free account. It would also be great if the broker were more transparent, particularly with the average fees and exact leverage ratios.

Enduring Markets FAQs

Does Enduring Markets require account verification?

Yes. Enduring Markets requires all clients to submit proof of identity and address documents after account registration. Failure to submit these documents leads to difficulty in withdrawing funds.

Can I open a trading account at Enduring Markets at any age?

No. You must be 18 years old to open a trading account with Enduring Markets. If you open an account without meeting the age requirement, the broker will delete your account.

Can I open an Enduring Markets trading account from the United States?

Enduring Markets offers its services worldwide so traders can sign up from any jurisdiction, including the United States. However, simply because it's possible to sign up from any region doesn't mean it's legal in your country. The United States doesn't allow its citizens to sign up with brokers who are not regulated by an authority in the country.

Does Enduring Markets offer an Islamic account?

No. Enduring Markets doesn't provide an Islamic account or swap-free account. This may leave out traders who observe the Muslim faith. Instead, Enduring Markets charges a fixed rate swap fee for positions that remain open overnight.

Can I have more than one Enduring Markets live trading account?

No. According to the Enduring Markets terms and conditions documents, each trader can only have one trading account. If a trader has multiple accounts, the broker can close them at its discretion.

Does Enduring Markets provide a mobile trading app?

No. Enduring Markets doesn't offer a mobile trading app or desktop-based trading terminal. The broker's trading platform is only accessible via web browsers; hence no installation is required.

What is the minimum deposit and withdrawal limit for Enduring Markets?

The minimum deposit for Enduring Markets clients is $200 but could be more depending on the account type the trader wishes to open with the broker. Enduring Markets doesn't specify the minimum and maximum withdrawal limits.

How long do Enduring Markets withdrawal requests take to be processed?

According to Enduring Markets' Withdrawal Policy, the requests are processed within five business days. It's also possible that a withdrawal request can take longer than five days, in which case the broker updates the client through email or call.

Some withdrawal conditions for faster processing are verifying the trader's account early and withdrawing to the trader's account.

Author

Geroge

Geroge

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