Score
ESL
Hong Kong|5-10 years| http://www.enhancedsec.com
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Single Core
1G
40G
Contact number
+852 2836 2188
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Enhanced Securities Limited
ESL
Hong Kong
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- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AWP684)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!
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ESL · Company Summary
| ESL Review Summary | |
| Founded | 2011 |
| Registered Country/Region | Hong Kong |
| Regulation | SFC (Exceeded) |
| Services | Securities Dealing and Advising, Corporate Finance Advisory, Asset Management, and Margin Financing |
| Customer Support | Email: cs@enhancedsec.com |
| Phone: +852 2836 2188 | |
What is ESL？
Enhanced Securities Limited (ESL) is a financial services firm based in Hong Kong, established in 2011. It used to offer a range of services, including Securities Dealing and Advising, Corporate Finance Advisory, Asset Management, and Margin Financing, tailored to meet the diverse needs of its clients.
However, the SFC regulation claimed by ESL has been exceeded. Furthermore, ESL has announced its decision to cease its trading business and internet trading platform on 10 June 2022 due to business reorganization.
Pros & Cons
| Pros | Cons |
| N/A |
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Cons:
Regulatory Compliance Concerns: The fact that ESL's SFC regulation has been exceeded raises questions about its regulatory compliance and indicates issues with transparency and accountability.
Ceasing Trading Business: ESL's decision to cease its trading business and internet trading platform. This is a major drawback for anyone considering them.
Uncertain Operation Status: There is no information about ESL's current operation. Clients and investors are left in the dark about the future of their investments and the availability of services.
Is ESL Safe or Scam？
While it's difficult to definitively label ESL a scam, it's not a safe option for new investors due to several red flags.
The most critical point is that ESL ceased operations in June 2022. This means you cannot open new accounts or use their services. The regulation of the Securities and Futures Commission of Hong Kong (SFC) claimed by ESL has been exceeded. This is a cause for concern about its compliance and overall transparency.
Services
While ESL used to offer a range of financial services, recent developments have led to the firm's decision to cease its trading business and internet trading platform. As a result, the availability of some of these services is no longer offered.
Investment Transactions (Not Available Now):
Securities Dealing: ESL facilitates the buying and selling of stocks and bonds on behalf of their clients.
Margin Financing: It provides loans to clients to help them purchase securities. This allows investors to leverage their positions, potentially amplifying gains (but also losses)
Securities Advising: ESL offers recommendations on buying and selling specific securities based on their analysis and client needs.
Corporate Finance Advisory: It provides guidance to companies on mergers, acquisitions, and other complex financial transactions.
Asset Management: This service involves managing client investment portfolios to achieve their financial goals.
Customer Service
ESL offers customer support through the following channels:
Email: cs@enhancedsec.com
Phone: +852 2836 2188
Conclusion
In conclusion, ESL is no longer a viable option for new investors. They ceased operations in June 2022, shutting down their trading platform and halting trading business. While ESL offered a variety of investment products and services in the past, its closure and exceeded SEC regulation prompt questions about transparency, accountability, and reliability.
We advise you to explore alternative brokerage options with good operation and regulation.
Frequently Asked Questions (FAQs)
Q: Is ESL regulated？
A: No, the SFC regulation claimed by ESL has been exceeded.
Q: Is ESL a good choice to invest in？
A: No. ESL has ceased its trading business and internet trading platform.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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