Endo Markets is a brand claiming to offer online Contract for Difference (CFD) trading services, involving various trading instruments such as forex, stock CFDs, indices, metals, and commodities.
Company Introduction
Company History
The platform claims to have been established in 2006 in the United States, providing online CFD trading services. The company professes to focus on enhancing client trading experiences, optimizing technology, tailored services, and client education. According to its website, after more than a decade, the company positions itself as a leading broker regulated in the U.S.
Service Scope
The platform currently offers two types of accounts: a Standard Account and a GU Plus+ Account, claiming that over 350 CFD products can be traded, including forex, stocks, indices, and commodities. The company claims to be the first Australian broker to offer the MT4 platform, with added MT5, mobile trading, and web-based platforms.
Trading Instruments
- Forex
- Stock CFDs
- Indices
- Metals
- Commodities
Account Types
Standard Account
- Service Features: Experience trading with tight spreads and fast execution speeds without commission.
- 24/5 Customer Support: ✔
- Dedicated Account Manager: ✔
- Starting Spread: 1.0 pips
- Commission: None
- Tradable Markets: 50+ forex pairs, stocks, indices, commodities, and cryptocurrencies
- Minimum Trade Size: 0.01 lot
- Leverage: Up to 500:1
- Support for Trading Tools: ✔
- EA (Expert Advisors) Allowed: ✔
- Free VPS (*Terms and conditions apply): ✔
- Hedging Allowed: ✔
- Scalping Allowed: ✔
- Available Base Currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
- Minimum Deposit: 200 AUD
GU Plus+ Account
- Service Features: A trading solution with ultra-low spreads for high-volume traders and those using Expert Advisors (EAs).
- 24/5 Customer Support: ✔
- Dedicated Account Manager: ✔
- Starting Spread: 0.0 pips
- Commission: 3 AUD per standard lot, one way
- Tradable Markets: 50+ forex pairs, stocks, indices, commodities, and cryptocurrencies
- Minimum Trade Size: 0.01 lot
- Leverage: Up to 500:1
- Support for Trading Tools: ✔
- EA (Expert Advisors) Allowed: ✔
- Free VPS (*Terms and conditions apply): ✔
- Hedging Allowed: ✔
- Scalping Allowed: ✔
- Available Base Currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
- Minimum Deposit: 200 AUD
In addition, the platform claims to offer demo trading accounts.
Trading Platforms
The platform claims to offer MT4 and MT5 trading platforms. However, Endo Markets was not found on these platforms.
Deposit and Withdrawal Methods
The platform claims to support the following methods for deposits and withdrawals:
- Mastercard
- Visa
- Skrill
- Neteller
- Bank Transfer
- Fasapay
Agency Policy
The platform lists various agency collaboration plans on its website, including promotions, Introducing Brokers (IB), affiliate programs, and white label partnerships. However, the authenticity and reliability of these plans are questionable.
1. Promotions
The platform claims to provide promotions, inviting clients to register as new Introducing Brokers and inviting friends to join and trade on the platform to receive cash rewards. Rewards are divided into three levels, ranging from $300 to $5,000. Specific requirements include:
- Qualified New Customer Requirements:
- Each customer must deposit a minimum of $300
- Each customer must trade at least 3 lots of forex or precious metals
- Minimum Number of Qualified Clients: 3 to 50 depending on the reward level
- Cash Rewards: $300 to $5,000
2. Introducing Brokers (IB)
The platform claims to offer an Introducing Broker program, allowing partners to earn commissions by referring clients to trade. Mentioned advantages include ongoing commission, flexible collaboration terms, and marketing support.
3. Affiliates Program
The platform states its CPA Affiliate Program provides commissions for digital marketers and influencers for each referred active trader. Collaboration channels include website postings, blogs, social media, and email marketing.
4. White Labels
The platform claims to offer a white label partnership program to financial institutions and service providers, providing technical support and customized trading platforms.
Educational Resources
The platform only provides basic explanations of forex trading, lacking in-depth educational resources. This may limit traders from acquiring necessary market knowledge and skills.
Regulatory Information
According to information publicly available on the platform, verified by relevant authorities:
- U.S. Financial Services Commission (FSC): Endo Markets Pty Ltd claims to be authorized and regulated by the U.S. Financial Services Commission as an investment dealer (discount broker) (License number GB13724991). However, there is no official financial regulatory body named the U.S. Financial Services Commission (FSC).
- Mauritius Financial Services Commission (FSC): Based on information from other pages on the website, the broker may intend to refer to the Mauritius Financial Services Commission (FSC). However, upon checking the website of the Mauritius Companies and Business Registration Department, company number 138949 is registered to NoDo (Mauritius) Ltd and does not have an FSC-issued financial license. FSC's website also does not show any regulatory information for Endo Markets Pty Ltd.
- Australian Securities and Investments Commission (ASIC): The platform claims to be authorized and regulated by ASIC, with an AFSL license number 254963, but does not specify the relevant corporate name on the website. In reality, ASIC records show that the AFSL license with number 254963 belongs to GO MARKETS PTY LTD.
- EU Business Company: The website claims another entity Endo Markets Ltd is an EU business company with the number 586/18. However, the European Business Register does not list Endo Markets Ltd in its registration information.
Contact Information
- Email: [email protected]
- Online Contact Form on Website
Social Media
Although the platform website displays icons for social media like Facebook, Twitter, Instagram, LinkedIn, and YouTube, it does not actively maintain any related accounts.
Website Traffic
According to data from the well-known website Semrush, the platform's website has an average monthly visit count of 0.
Brand Exposure
There is little information about this platform available in public networks.
Company Staff
There is no information available about the company's staff in public networks. The company website also does not provide information about the management team or key personnel.
Conclusion
Endo Markets has many uncertainties and concerns regarding its company entity, regulatory authorization, and business operations. While its agency policy is detailed, its authenticity and reliability are questionable. Investors should proceed with caution and avoid engaging in activities that may involve risks. It is advisable to verify relevant information and seek professional advice before making any investments or partnerships.
