Energy Development Global Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: this company does not appear to be related to known address occupant A-Swiss Corporate Services Ltd
Phones: 852.2251.8486, fax 852.3017.7687
Addresses: Suite 504 Nan Fung Tower 173 Des Voeux Road Central Hong Kong; Two International Finance Centre 8 Finance Street Level 19 Central Hong ... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.energydevelopmentglobal.com.
The reporting at Energy Development Global Limited is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Clean UI|API access
Cons: Some tools only available on higher tiers
The onboarding at Energy Development Global Limited was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Competitive fees|No hidden fees|Automated trading options|Clean UI
Cons: Onboarding videos are outdated
I requested my data from Energy Development Global Limited under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Dedicated account manager|Multiple order types|Real-time alerts
Cons: Onboarding videos are outdated
Do not be fooled by the professional-looking website. Behind the scenes, Energy Development Global Limited is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Great customer service|Clear documentation|Tax reports included|Automated trading options
Cons: Alert system is basic|Slow to add new assets
After for a couple of months now with Energy Development Global Limited I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Comprehensive tools|Clean UI
Cons: Mobile app could be improved
What really bothers me about Energy Development Global Limited is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a family member had a good experience and I fell for the polished exterior. Never again.
Pros: Clear documentation|Good analytical tools|Helpful community forum
Cons: Currency conversion fee exists|Limited social trading features
My card was charged twice by Energy Development Global Limited on the same day. I had to dispute it with my bank. Energy Development Global Limited then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Wide product range|Comprehensive tools|Good analytical tools|Excellent charting
Cons: Would like more payment methods
I referred a friend to Energy Development Global Limited from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Comprehensive tools|Instant funding|Detailed reporting|Multiple order types
Cons: Spreads widen during volatile periods
Energy Development Global Limited offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Two-factor authentication|Demo account available|Customizable dashboard
Cons: None so far|Desktop app not available on Linux
Where do I even begin with Energy Development Global Limited? for the past year and a half of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Fast support response|Automated trading options|Portfolio tracking tools|Fast deposits
Cons: No live chat on mobile