EONE's regulation page says Malaysian clients are served by a company licensed in Mauritius. The agreement you accept is with EONE GENERAL TRADING PTE. LTD, a Singapore company whose only registration is with the companies registry.
On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.
Why this matters
The licence on the website belongs to a company you have no contract with. If your money goes missing you would be chasing a Singapore trading company that no financial regulator supervises.
Exhibit 1Every flagged clause gets its own number so you can point at this one. The number does not change, so a link to it keeps working.CriticalHow much this clause can cost you, in our reading. Critical can take your money or your profit. Warning can delay or limit it. Notice is simply worth knowing before you sign.Rarely seenHow ordinary this wording looks next to the contracts we read. This is our reading of the clause, not a count of other brokers.
EONE?s securities business services are provided by EONE GENERAL TRADING PTE. LTD (operating under the trading name ?EONEFX?), which is registered with accounting and corporate regulatory authority (ACRA) with UEN number 201822737W under the Ministry Of Finance of the Government of Singapore.
Firms licensed by the FCA or CySEC must name the licensed entity as the client's counterparty in the client agreement and identify it where they advertise. EONE's agreement names a company that holds no financial licence.
eonefx is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

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