Beware! Enduring Markets is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Enduring Markets is a confirmed scam that has been blacklisted by the Spanish financial regulator CNMV. Investing with them is not only risky but it will also surely result in losses for you – because they will rob you the moment you deposit. If you were even considering depositing with this broker, read the following review – we guarantee that you will change your mind after that.
Enduring Markets Regulation and safety of funds
|Guaranteed Funds||Segregated Accounts||Negative balance protection|
|UK regulated brokers||£85 000||Yes||Yes|
|EU regulated brokers||€20 000||Yes||Yes|
|AU regulated brokers||No||Yes||Yes|
|US regulted brokers||Yes||Yes||No|
Enduring Markets claimed to be based in Singapore but provided no proof that it is regulated in that country – or anywhere else for that matter. After a short research, we discovered that the broker is in fact unregulated. Additionally, we soon discovered a warning on them issued by the Spanish financial regulator CNMV.
Trading with such a broker will surely prove to be very dangerous and could only result in losses for you. Enduring Markets is a confirmed scam and one you should avoid at all costs.
Instead of wasting time on scammers, opt for the services of a broker actually regulated by the FCA or CySEC – these are some of the strictest financial regulators in the world which mean that brokers licensed by one (or both) of them are usually pretty reliable. It certainly means that the broker had to meet many requirements before obtaining a license and that it has to report to authorities regularly to ensure full transparency. Companies have to maintain a minimum operational capital of €730 000 to prove that they are well-capitalized and financially stable. All UK and EU brokers are obligated to participate in compensation funds – so in the unlikely event of your broker going bankrupt, you could receive compensation of up to £85 000 in the UK and €20 000 in the EU. Client money is kept separate from the broker’s funds in segregated accounts – so that no mixing of funds could be possible. Once you have invested, your broker would have very limited access to your deposits and would certainly not be able to reinvest them. Negative balance protection is a must – this means that your losses cannot exceed the amount of money you have in your account.
Enduring Markets Trading Software
|Analytical tools||Auto trading||Custom indicators||Mobile apps|
|Enduring Markets platform||❌||❌||❌||❌|
|cTrader||40+ indicators||✅||✅||Android and iOS|
Enduring Markets offered access to a functional but basic web-based trading platform:
This software was easy to use and did offer some more basic features as well as copy-trading opportunities. It cannot be, however, compared to advanced, beloved platforms like MetaTrader 4 or MetaTrader 5.
These two industry backbones that have been shaping the world of trading for decades. Both versions of this software offer a variety of indicators, timeframes, and pending order types, useful features like Expert Advisors (that you could use to track markets and trade automatically), and customizable signals you could set for prices going above or below a certain level, VPSs, a market for trading apps and much more.
Enduring Markets Trading instruments
Enduring Markets offers access to fairly many markets – forex, commodities, stocks, ETFs, indices, cryptocurrencies, and even cannabis. However, a decent range of trading instruments is hardly reason enough to invest with unregulated scam brokers.
Enduring Markets Spreads and cost of trading
The spreads Enduring Markets offered were quite decent – 1.2 pips on EURUSD, 1.4 pips on GBPUSD, and 1.5 pips on USDJPY. However, what the broker failed to advertise was that they also charge additional commissions of varying sizes depending on the trading instruments. And even if that was not the case, we still would not recommend that you trade with such fraudulent brokers just on account of the decent spreads they offer – there are plenty of legitimate enterprises that offer similarly great or even better spreads.
Enduring Markets Maximum leverage
|Enduring Markets broker||1:1||1:1||1:1||1:1||1:1|
|UK regulated brokers||30:1||5:1||❌||10:1||10:1|
|EU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|AU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|US regulated brokers||50:1||❌||❌||❌||❌|
Enduring Markets only offered leverage of 1:1 on all of its trading instruments – which basically means that it did not actually allow leveraged trading. Even the strict laws and regulations in EU countries, the UK, Australia, and the US allow retail clients to trade with higher rates – up to 1:30 in the UK, the EU, and Australia, and up to 1:50 in the US.
We always recommend that readers are careful when trading with leverage – after all, trading with high leverage can result in much bigger losses. The likelihood of bigger profits, however, also exists. That is why even though you should absolutely be vigilant and only trade with rates you are sure you can handle, you should also not be afraid to turn to brokers that can offer a bit higher, more decent rates.
Enduring Markets Deposit and withdrawal methods
|Deposit time||Withdrawal time||Fee|
|Bank wire||2-5 business days||2-5 business days||$25+|
|Credit card||Instant||24 hours||Free|
|PayPal||1 hour||24 hours||2%|
|Skrill||1 hour||24 hours||2%|
|Neteller||1 hour||24 hours||2%|
|Crypto||24 hours||24 hours||Fee depends on crypto|
Enduring Markets promised that we would be able to use a variety of payment solutions to deposit – credit/debit card, wire transfer, or cryptocurrencies. However, that did not actually seem to be the case – when we tried to deposit, we were asked to purchase some sort of vouchers to pay. Needless to say, this is not a reliable payment solution – the chances of getting a chargeback on such a payment are non-existent.
Scam brokers prefer to receive payments that are impossible to reverse. That is why so many of them would ask you to deposit in crypto – because such transactions are both anonymous and irreversible by default. Keep this in mind the next time a broker asks you to deposit using crypto, vouchers, cash, or any other payment solution that would not allow you to get your money back.
Enduring Markets Minimum deposit
Enduring Markets asks you to deposit at least $250 in order to open an account. This is a fairly fine amount of money to ask for – however, it would be more of an upper limit for most legitimate brokers. There are plenty of established brokerages that would open a trading account for you for much less – even for as little as $10.
Enduring Markets Withdrawal requirements
Enduring Markets offers bonuses – we were not, however, surprised to learn that the broker has attached certain clauses to those bonuses that would make it impossible for clients to withdraw before reaching some insane turnover requirements:
In order to withdraw money from an account that has been credited with a bonus, you would have to reach a turnover of the bonus amount multiplied by 7 in lots. So if you have received a bonus of just $100, you would have to reach a turnover of at least 700 lots (or 700 currency units). This is outrageous – no legitimate broker would ever try to prevent you from accessing your own profits and deposits as this one does. This is another reason why depositing with these scammers is a horrible idea.
|Trading volume||Fee/Tax on withdrawal||Minimum withdrawal|
|Enduring Markets/ offshore brokers||Bonus amount x 7 in lots||Not disclosed||Not disclosed|
|UK regulated brokers||No||No||No|
|EU regulated brokers||No||No||No|
|AU regulated brokers||No||No||No|
|US regulated brokers||No||No||No|