Today we will take a look at Enfinium International, a broker out of Australia. They are not a forex broker only and offer traders Equities, CFD’s, Futures, Forex, and Commodities. Visitors are greeted by professional design and their website is easy to navigate.
They offer the popular MT4 platform with a minimum deposit
of $1,000 and claims to offer NDD trading as well as STP and state on their
website that they never trade against their clients. They are regulated in
Australia and for the time being there is no reason for The Last Bear to think
that this online broker has deceived potential clients. They seem quite open
and honest which is the right approach for a broker.
It appears that forex trading is not their primary business
unit, but that does not mean that traders should not take them into
consideration. They offer maximum leverage of 1:500 and they offer what they
call the Enfinium Trader Workstation without further information provided. They
claim to work with 14 liquidity providers for best pricing and spreads appear
to start above 2 pips on popular pairs.
We tried hard to find out more from what they present on
their website, without success. This was rather unfortunate as we would have
loved to bring you more about this online broker. Apparently tailored to retail
forex traders without any tools to introduce new traders to forex which is
slightly confusing as it appears they have not quite grown up and decided who
to target.
Conclusion
We have nothing bad to report about them, but on the other
hand aside from their claim to not trade against clients and being a NDD/STP
broker we have nothing good to report either. In general there are brokers out
there who present themselves better, and there are brokers out there who
represent themselves worse. We are sitting on the fence with this forex broker
and therefore have to give them two claws down.
The sole reason being we would have loved much more
information without having to open an account or contacting them directly. Our
gut feeling makes us believe that they are trying to sound bigger and better
than they really are and just because they are regulated does not mean that
there are no areas of concern, The Last Bear has roared!
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