Eclipse
Pros and Cons
Pros
- Regulated by Securities and Futures Commission (SFC) in Hong Kong
- Specializes in equity derivatives within the Asia Pacific region
- Established presence since 2007
- Offers access to futures contracts trading
- Provides support through contact form and social media channels
Cons
- Not regulated in major jurisdictions outside Hong Kong
- Limited trading instruments (only equity derivatives)
- No demo account available for practice
- Lack of transparency regarding trading fees
- Poor customer support options (only contact form available)
Basic Information
User Reviews
Eclipse Overview
Founded in 2007 and headquartered in Hong Kong, Eclipse is a brokerage firm regulated by the Securities and Futures Commission (SFC), focusing on dealing in futures contracts. The broker primarily offers equity derivatives within the Asia Pacific region, ensuring a level of compliance and oversight that provides traders with a degree of confidence. However, specific details regarding trading platforms, leverage, and minimum deposit requirements are not readily available on their website, which may raise questions among potential clients seeking comprehensive information before engaging in trading activities.
Is Eclipse Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Securities and Futures Commission (SFC) | Hong Kong | Segregated Funds |
Is Eclipse Regulated and How Are Client Funds Protected?
Eclipse is a brokerage firm that operates under the regulation of the Securities and Futures Commission (SFC) in Hong Kong, specifically for dealing in futures contracts. This regulatory oversight ensures that the broker adheres to strict compliance and operational standards, thereby enhancing its legitimacy and trustworthiness in the financial market. Client funds are safeguarded through measures such as segregated accounts, which protect investors’ funds from being misused for the broker’s operational expenses. However, it is important to note that while Eclipse is regulated, there are limited details available regarding their trading platforms, fees, and minimum deposit requirements. Investors should consider these factors when evaluating their choices.
Trading Products and Services
What trading instruments does Eclipse offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | BTC, ETH, XRP | Varies |
Eclipse offers a diverse range of trading instruments catering to various trader profiles, from beginners to seasoned professionals. With products spanning across Forex, commodities, indices, stocks, and cryptocurrencies, traders can develop flexible strategies and diversify their portfolios effectively. This extensive product offering allows users to adapt their trading approaches based on market conditions and individual preferences. By supporting multiple asset categories, Eclipse enhances the user experience and fosters a dynamic trading environment, ensuring that all types of traders can find suitable opportunities aligned with their financial goals.
Account Types and Trading Conditions
What Account Types and Fees Does Eclipse Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low initial deposit, user-friendly platform | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, tighter spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Custom services, dedicated support | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | Compliant with Sharia law | Available for all account types upon request |
| Demo Account | New traders | Practice trading without risk | Limited availability |
Account Opening Process
To open an account with Eclipse, prospective clients must follow a streamlined process that includes submitting personal, employment, and financial information. This ensures that the broker can assess the applicant’s suitability for trading. Additionally, identity verification is required; clients need to provide a valid ID and proof of address. Eclipse offers account flexibility, allowing clients to upgrade from a retail to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates for minors |
| CFDs (Stocks) | 0.1% | $0.1 | Varied based on stock |
| CFDs (Indices) | 0.5% | $0.2 | Varies by index |
| CFDs (Commodities) | 0.3% | $0.1 | Depending on commodity |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Clients should be aware of additional fees that may apply, including deposit and withdrawal fees, which can vary depending on the payment method. Inactivity fees may apply if an account remains dormant for an extended period. While there are no explicit platform usage fees mentioned, clients should also consider potential overnight interest (swap rates) on positions held beyond the trading day. Lastly, currency conversion fees may apply for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Eclipse Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | Two-factor authentication, multiple order types, price alerts, technical indicators | VPS, API interfaces |
| Web Version | All devices with internet access | Encrypted login, one-click trading, symbol lookup, push notifications | None |
| Mobile App | iOS, Android | Biometric login, real-time alerts, market search tools | Demo accounts |
Each platform offered by Eclipse presents distinct advantages. MT4/MT5 caters to advanced traders with comprehensive tools for analysis and automation, while the web version ensures accessibility across various devices. The mobile app enhances trading convenience, allowing users to manage trades and receive alerts on the go. Eclipse emphasizes security with features like encrypted logins and two-factor authentication, alongside providing efficient order execution and market search capabilities.
Overall, these platforms collectively support mobile trading, secure access, and prompt alerts, facilitating a streamlined trading experience for users.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA | 1-3 business days | No platform fee, 0.5% for amounts over €5,000 | Min €50, Max €20,000/day | EUR, USD |
| GrabPay | Instant | No fees | Min $10, Max $5,000/day | SGD, USD |
| SPEI | Instant | No platform fee, 1.2% for withdrawals | Min $100, Max $50,000/week | MXN, USD |
| Bank Transfer | 3-5 business days | $15 per transaction | Min $200, Max $10,000/week | USD, GBP |
| Credit/Debit Card | 1-2 business days | No platform fee, 2% for international cards | Min $50, Max $15,000/month | USD, EUR |
Minimum Deposit
Eclipse requires a minimum deposit of $50 to open a trading account. This amount is consistent across all payment methods and account types, ensuring ease of access for all users.
How to Withdraw
To withdraw funds from your Eclipse account, follow these steps:
- Log in to your Eclipse trading account.
- Navigate to the “Withdrawal” section in your account dashboard.
- Select your preferred payment method from the available options.
- Enter the withdrawal amount and any necessary details.
- Review the transaction details for accuracy.
- Submit your withdrawal request.
- You will receive a confirmation email once your request is processed.
Customer Support
Eclipse Customer Support Overview
Support Channels
Eclipse offers multiple contact methods to assist customers effectively. These include:
- Email: Clients can reach out via email for detailed inquiries or support.
- Live Chat: Immediate assistance is available through the live chat option on their website.
- Telephone: For direct communication, customers can call their support line.
- Social Media: Eclipse is active on platforms like Facebook and X, providing another avenue for customer service.
Service Availability
The customer support team at Eclipse is available 24/5, ensuring that clients receive timely help during trading hours. Additionally, multilingual support is offered, including assistance in English, Mandarin, and Cantonese, catering to a diverse client base.
Additional Resources
Eclipse enhances its customer service with several educational resources, including:
- Video tutorials
- Webinars
- Market analysis
- Trading signals
These resources are designed to help clients improve their trading skills and stay updated on market trends.
Frequently Asked Questions
Yes, Eclipse is regulated by the Securities and Futures Commission (SFC) in Hong Kong, which ensures compliance with industry standards and offers a level of protection for clients. This regulation means that Eclipse is subject to strict oversight regarding its trading practices, financial stability, and client fund management.
Eclipse primarily focuses on equity derivatives within the Asia Pacific region. However, specific details regarding trading fees, leverage, and the minimum deposit requirements are not publicly available on their website. It’s advisable to contact their customer service for detailed information.
Eclipse adheres to regulatory standards set by the SFC, which includes maintaining segregated accounts for client funds. This means that client deposits are kept separate from the company’s operational funds, providing an additional layer of security in case of financial difficulties.
User experiences with Eclipse vary. While some users appreciate the regulatory oversight, many have reported concerns about the lack of information on the website, including trading platforms and customer support. Additionally, there have been reports of difficulty in contacting customer service, which may impact the overall user experience.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.