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/10

Edge Clear

United States|2-5 years|
Suspicious Scope of Business|High potential risk|

https://edgeclear.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Georgia 2.77

Surpassed 47.53% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 773-832-8320
https://edgeclear.com/
325 W. Huron Street, Ste 600 Chicago, IL 60654
https://www.facebook.com/edgeclear

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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Contact number

English

+1 773-832-8320

Broker Information

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Company Name

Edge Clear LLC

Company Abbreviation

Edge Clear

Platform registered country and region

United States

Company website
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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Edge Clear · Company Summary

Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.

Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.

Edge Clear Review Summary
Company Name Edge Clear LLC
Registered Country/Region United States
Regulation No Regulations
Market Instruments Futures Mainly
Demo Account Yes
Leverage Not mentioned
Spread Not mentioned
Fees NFA, Clearing and Broker Fees, Subscription Fees
Trading Platform Not mentioned
Minimum Deposit $10,000 for MES and $100,000 for ES (Official Recommendation)
Customer Support Contact Form, Tel: 1-844-TRADE20 | 773-832-8320, Social Media: Facebook, X, LinkedIn, YouTube,
Company Address 325 W. Huron Street, Ste 600 Chicago

What is Edge Clear?

Edge Clear LLC is a trading firm based in the United States, with a business focus on futures markets. It operates without any regulation.

Edge Clear's homepage

Pros & Cons

Pros Cons
  • Educational Videos and Podcasts Available
  • No Regulations
  • Demo Accounts Available
  • Multiple Fees Charged
  • Focus Limited to Futures

Pros:

  • Educational Videos and Podcasts Available: Edge Clear offers educational materials including videos and podcasts on its official website and on its YouTube channel as well.

  • Demo Accounts Available: Edge Clear allows demos, so new traders can practice and get accustomed to the platform without risking real money.

Cons:

  • No Regulations: Operates without formal regulatory oversight, which will concern traders who are seeking security and accountability.

  • Multiple Fees Charged: While transparent, the fee structure includes multiple commissions, and an annual subscription. It will be very costly when they add up together.

  • Focus Limited to Futures: It provides services and instruments related to futures trading mainly, which does not suit traders who are willing to participate in trading on different instruments.

Is Edge Clear Legit or a Scam?

  • Regulatory Sight: Edge Clear is currently without regulatory oversight and any licenses that would enable it to conduct its operational standards in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

EdgeQX Program

The EdgeQX program offered by Edge Clear is an automated trading system designed to operate within the futures market, targeting the E-mini S&P 500 (ES) and Micro E-mini S&P 500 (MES). The key features of the EdgeQX program include:

  • Automated Quantitative Strategies: Utilizes advanced quantitative strategies based on the underlying components of the S&P 500 to trade futures on an intraday basis.

  • Trading Capacity: Typically handles 1 or 2 contracts, with the ability to scale up to a maximum of 6 contracts.

  • Capital Requirements: The officially recommended minimum investment is $10,000 for MES and $100,000 for ES.

  • Fee Structure: All program fees are fully disclosed in the cut sheets provided, with assurance of no hidden charges. (See the details in “Fees”)

  • Flexible Subscription: Subscribers can pause their subscription at any time.

EdgeQX Program

Fees

The fee structure of the Edge Clear program is relatively transparent and clearly stated.

  1. Commission Fees: The program charges a commission fee per side that includes all associated costs such as exchange fees, NFA (National Futures Association) fees, clearing fees, and broker fees. For popular micro and smaller products, the commission is set at $0.22 per side. You can check the cut sheet below or visit their official site for details on it.

Commission Fees
  1. Annual Subscription Fee: There is an annual subscription fee for access to the EdgeQX program. This fee is part of the programs cost structure. A subscription fee of $34.99 will be charged per month.

  2. Reduced Transaction Fees on Rithmic™: The program offers a reduced transaction fee for trades executed via Rithmic™, at $0.10 per side, which is lower than the standard rate of $0.25 per side. This reduction applies to all accounts and can save trading costs for participants to a certain extent.

Customer Support

  • Contact Options: Customers write to them using the contact form available on the website: https://edgeclear.com/contact-us/. For immediate assistance, customers can call directly using two telephone numbers: 1-844-TRADE20 and 773-832-8320.

  • Social Media Engagement: Edge Clear is active on several social media platforms, including Facebook, X (formerly Twitter), LinkedIn, and YouTube. These channels not only provide updates and information but also serve as platforms for customer engagement and support.

  • Physical Location: The company is based at 325 W. Huron Street, Suite 600, Chicago, providing a physical location for more formal business inquiries and operations.

Contact form

Conclusion

As a futures broker, Edge Clear does not provide a wide rage of products. It has its own designated trading program, allows demos, and provides guidance through videos and podcasts. However, it has no regulations and charges multiple fees. We do not recommend users to trade with non-regulated brokers.

Frequently Asked Questions (FAQs)

Question: Is Edge Clear regulated or not?

Answer: No, it is not regulated.

Question: Does Edge Clear charge high commissions?

Answer: Yes. Multiple fees are charged - exchange fees, NFA (National Futures Association) fees, clearing fees, broker fees, and subscription fees.

Question: Does Edge Clear support on-the-go trading?

Answer: Yes. You can trade on your mobile.

Question: Can I try a demo or not?

Answer: Yes.

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.

User Reviews

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一粒沙
more than one year
I stumbled upon Edge Clear's ad and clicked on it out of curiosity. But when I got to their website, I couldn't make heads or tails of the content. As a part-time forex trader, I was hoping to make some extra cash in my free time, but this company didn't pique my interest at all. I need a platform that's easy to use and understand, and Edge Clear just didn't deliver that for me.
2023-03-28 09:34
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lz
more than one year
Great personalized customer support service. The personalized support I got was amazing, kind and Professional. Thank you, Edge Clear :) Have a nice day.
2023-02-27 17:42
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