Score

1.56 /10
Danger

Edward

United Kingdom

Absconded

5-10 years

Suspicious Regulatory License

High potential risk

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Quantity 7

Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index7.35

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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No valid regulatory information, please be aware of the risk

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Broker Information

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Company Name

Edward Technology Capital Ltd

Company Abbreviation

Edward

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2024-11-10
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Absconded list. Please be aware of the risk!
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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    Edward · Company summary
    Key Information Details
    Company Name Edward Technology Capital Ltd
    Years of Establishment 5-10 years ago
    Headquarters United Kingdom
    Office Locations London, UK and Dubai, UAE
    Regulation Unregulated
    Tradable Assets Forex, Stocks, Commodities, Indices, Cryptos
    Account Types Standard, Premium, VIP
    Minimum Deposit $100
    Leverage Up to 1:100
    Spread Starting from 0.8 pips for EUR/USD
    Deposit/Withdrawal Methods Credit Cards, Debit Cards, Bank Transfers, E-Wallets
    Trading Platforms Available MetaTrader 4 (MT4)
    Customer Support Options Email, Phone, Online Form

    Overview of Edward

    Edward Technology Capital Ltd, established around 5-10 years ago and headquartered in the United Kingdom, operates as an unregulated financial. The company specializes in providing forex trading services, including spot forex, contracts for difference (CFDs), and spread betting. Despite its international presence with offices in London, UK, and Dubai, UAE, the firm's regulatory standing raises concerns.

    Edward Technology Capital Ltd offers various account types, such as Standard, Premium, and VIP, each with distinctive leverage, spreads, and minimum deposit criteria. Access to the MetaTrader 4 (MT4) platform enables clients to trade a range of assets, encompassing forex pairs, stocks, commodities, indices, and cryptocurrencies. Their website is currently inaccessible.

    Overview

    Regulation

    Under the oversight of the Financial Conduct Authority (FCA), Edward Technology Capital Ltd holds an unregulated license. This situation raises concerns regarding the legitimacy and regulatory compliance of the company.

    Regulation

    A revoked license in the context of financial regulations refers to the official withdrawal or cancellation of a previously granted license or authorization. This action is typically taken by regulatory authorities due to various reasons, including violations of regulatory standards, non-compliance with financial laws, or concerns about the company's ability to operate in a transparent and trustworthy manner. A revoked license signifies that the company can no longer legally offer its financial services and raises significant doubts about its credibility and adherence to industry regulations.

    Pros and Cons

    Edward Technology Capital Ltd offers a range of account types catering to various trader preferences, including Standard, Premium, and VIP options. The company provides access to the MetaTrader 4 (MT4) platform, enabling traders to engage in multiple markets, such as forex, stocks, commodities, indices, and cryptocurrencies. It facilitates multiple deposit and withdrawal methods, including credit cards, debit cards, bank transfers, and e-wallets. Additionally, the firm offers customer support through various channels, like email, phone, and online forms, ensuring clients have multiple avenues for assistance.

    It's important to note that the company's regulatory standing is a cause for concern, as its license from the Financial Conduct Authority (FCA) has been revoked, resulting in unauthorized status. This situation raises questions about the company's legitimacy and adherence to regulatory standards. Moreover, the website's inaccessibility hampers potential clients from accessing information, creating trading accounts, and verifying the company's services and offerings. This lack of online presence and the revoked regulatory status contribute to uncertainties surrounding the company's credibility and reliability.

    Pros Cons
    Account Variety Revoked Regulatory Status
    MT4 Trading Platform Access Inaccessible Website
    Several Tradable Assets Uncertainties in Credibility

    Inaccessible Website

    Edward Technology Capital Ltd's website is currently inaccessible, preventing potential clients from accessing essential information and services online. This unavailability undermines the company's online presence and limits traders' ability to gather crucial details about its offerings, account types, and trading conditions. Moreover, the inability to access the website hinders potential traders from initiating the account creation process, leaving them without the means to open trading accounts with the company. This inaccessible website creates a disadvantageous situation for those seeking to engage with the firm.

     Inaccessible Website

    Market Instruments

    Edward Technology Capital Ltd offers forex, stocks, commodities, indices, and cryptocurrencies trading options. Details are as follows:

    Forex Trading: Edward Technology Capital Ltd provides the opportunity for clients to engage in forex trading, involving the exchange of various currency pairs. This includes major, minor, and exotic currency pairs, enabling traders to speculate on global currency fluctuations.

    Stock Trading: The company also facilitates trading in individual company stocks. Clients can potentially invest in shares of publicly listed companies, gaining exposure to different sectors and industries.

    Commodities Trading: Edward Technology Capital Ltd offers the chance to trade commodities, such as precious metals, energies, and agricultural products. Traders can speculate on the price movements of these tangible assets.

    Indices Trading:Clients can engage in indices trading, involving speculation on the performance of market indices that represent a group of stocks from specific industries or regions.

    Cryptocurrencies Trading:The company provides the option to trade a variety of cryptocurrencies, allowing traders to speculate on the price movements of digital currencies.

    The following is a table that compares Edward Technology Capital Ltd to competing brokerages:

    Broker Market Instruments
    Edward Tech. Forex, Stocks, Commodities, Indices, Cryptocurrencies
    Alpari Forex, Stocks, Commodities, Cryptocurrencies
    HotForex Forex, Stocks, Commodities, Indices, Cryptocurrencies
    IC Markets Forex, Stocks, Commodities, Indices, Cryptocurrencies, Metals
    RoboForex Forex, Stocks, Commodities, Indices, Cryptocurrencies

    Account Types

    The account types provided by Edward Technology Capital Ltd include Standard, Premium, and VIP options, each catering to varying trader preferences. Specifics are as follows:

    Standard Account: The Standard Account offered by Edward Technology Capital Ltd is designed for traders looking to start with a minimum deposit of $100. Traders with this account type gain access to the MetaTrader 4 (MT4) platform and can trade with leverage of up to 1:30 for forex pairs, 1:20 for indices, and 1:10 for commodities. Variable spreads start from 1.8 pips for EUR/USD, and no commissions are applied to trades. This account type provides 24/7 customer support and includes the option of a free demo account for practice.

    Premium Account: The Premium Account requires a minimum deposit of $250 and is suited for traders who seek added features. It offers leverage of up to 1:50 for forex pairs, 1:40 for indices, and 1:20 for commodities. Variable spreads start from 1.2 pips for EUR/USD, and there are no commissions associated with trades. In addition to the attributes of the Standard Account, Premium Account holders benefit from dedicated account management, expedited withdrawal processing, and exclusive educational resources.

    VIP Account: The VIP Account is tailored for experienced traders aiming for premium services. It necessitates a minimum deposit of $500 and provides the highest leverage levels: up to 1:100 for forex pairs, 1:80 for indices, and 1:40 for commodities. This account type features the tightest spreads, beginning from 0.8 pips for EUR/USD, with no commissions charged on trades. VIP Account holders enjoy all the advantages of the Premium Account, along with higher leverage, and even tighter spreads.

    Account Types
    Account Type Standard Account Premium Account VIP Account
    Minimum Deposit $100 $250 $500
    Leverage Up to 1:30 Up to 1:50 Up to 1:100
    Spreads From 1.8 pips (EUR/USD) From 1.2 pips (EUR/USD) From 0.8 pips (EUR/USD)

    Minimum Deposit

    Edward Technology Capital Ltd offers a range of account types, each with distinct minimum deposit requirements. The Standard Account necessitates a minimum deposit of $100, while the Premium Account requires a minimum deposit of $250. For those seeking premium services, the VIP Account entails a higher minimum deposit of $500. These minimum deposit rates cater to traders with varying preferences and risk appetites, providing options that align with their individual trading goals.

    Leverage

    Edward Technology Capital Ltd offers varying levels of leverage across its account types. The Standard Account provides leverage of up to 1:30 for forex pairs, 1:20 for indices, and 1:10 for commodities. Traders opting for the Premium Account gain access to higher leverage of up to 1:50 for forex pairs, 1:40 for indices, and 1:20 for commodities. For experienced traders seeking premium services, the VIP Account offers the highest leverage, allowing up to 1:100 for forex pairs, 1:80 for indices, and 1:40 for commodities. This range of leverage options allows traders to tailor their trading approach according to their risk tolerance and preferences.

    Here's a table comparing the maximum leverage on the mentioned market instruments for Edward Technology Capital Ltd along with other competing brokerages:

    Broker Forex Leverage Indices Leverage Commodities Leverage
    Edward Tech. Up to 1:100 Up to 1:80 Up to 1:40
    Alpari Up to 1:1000 Up to 1:100 Up to 1:100
    HotForex Up to 1:1000 Up to 1:500 Up to 1:300
    IC Markets Up to 1:500 Up to 1:200 Up to 1:100
    RoboForex Up to 1:2000 Up to 1:500 Up to 1:125

    Spread

    Edward Technology Capital Ltd presents variable spreads across its account types. The Standard Account offers spreads starting from 1.8 pips for the EUR/USD currency pair. Traders opting for the Premium Account benefit from even tighter spreads, beginning from 1.2 pips for the same currency pair. For experienced traders seeking premium services, the VIP Account features the tightest spreads, starting from 0.8 pips for EUR/USD. This range of spread options allows traders to consider their trading strategies and preferences in choosing an account type that aligns with their needs.

    Deposit & Withdrawal

    Edward Technology Capital Ltd offers several deposit and withdrawal methods to facilitate transactions for its clients. Traders can choose from a range of options, including credit cards, debit cards, bank transfers, and e-wallets. These methods provide flexibility for clients to fund their accounts and withdraw their earnings through their preferred financial channels. The availability of multiple deposit and withdrawal methods enhances convenience and accommodates various preferences.

    Deposit & Withdrawal

    Trading Platforms

    Edward Technology Capital Ltd provides access to the MetaTrader 4 (MT4) trading platform. MT4 is a widely recognized and user-friendly platform offering advanced charting tools, technical indicators, and automated trading capabilities. This platform empowers traders to execute trades efficiently and analyze market trends effectively.

    Trading Platforms

    Here's a table comparing the trading platforms offered by Edward Technology Capital Ltd with other competing brokerages:

    Broker Trading Platforms
    Edward Tech. MetaTrader 4 (MT4)
    Alpari MetaTrader 4 (MT4), MetaTrader 5 (MT5)
    HotForex MetaTrader 4 (MT4), MetaTrader 5 (MT5), HotForex MT4, HotForex MT5
    IC Markets MetaTrader 4 (MT4), MetaTrader 5 (MT5)
    RoboForex MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader

    Customer Support

    Edward Technology Capital Ltd offers various customer support options, including email, phone, and online forms, enabling traders to communicate their queries efficiently.

    Email Support: Traders can reach Edward Technology Capital Ltd's customer support team through email at the provided address: guyriches@edwardtech.uk. This method allows clients to communicate their inquiries, concerns, or requests in a written format and receive responses directly to their email inbox.

    Phone Support: Another avenue for contacting customer support is through phone communication. Traders can dial the provided phone number, +4407739001399, to connect with a representative and discuss their queries or issues in real-time.

    Conclusion

    Edward Technology Capital Ltd emerges as an unregulated brokerage that offers a range of account types to cater to traders with varying experience levels and preferences. The availability of different account types, each with its own set of features such as leverage, spreads, and benefits, enables traders to tailor their trading approach to their individual risk appetite and goals. Moreover, the provision of multiple deposit and withdrawal methods and the MetaTrader 4 (MT4) trading platform makes for an accessible platform.

    However, it's important to note that the regulatory status of the company, marked by a revoked license, casts a shadow of uncertainty on its credibility and adherence to regulatory standards. Additionally, the inaccessibility of the company's website and a lack of physical presence at the listed address further raise concerns about its overall reliability and transparency.

    FAQs

    Q: What types of accounts does Edward Technology Capital Ltd offer to traders?

    A: Edward Technology Capital Ltd provides Standard, Premium, and VIP account options.

    Q: How can traders reach the customer support team?

    A: Traders can contact customer support through email, phone, and online forms.

    Q: What is the leverage range available for traders?

    A: Traders can access leverage levels ranging from 1:10 to 1:100, depending on the chosen account type.

    Q: What trading platform is offered by Edward Technology Capital Ltd?

    A: Edward Technology Capital Ltd offers traders access to the MetaTrader 4 (MT4) trading platform.

    Q: Are there deposit and withdrawal options available?

    A: Yes, traders have the flexibility to choose from credit cards, debit cards, bank transfers, and e-wallets for deposit and withdrawal transactions.

    Q: What is the significance of the regulatory status of Edward Technology Capital Ltd?

    A: The regulatory status of Edward Technology Capital Ltd, marked by a revoked license, raises concerns about its compliance with regulatory standards and credibility.

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