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Moson -Some important Details about This Broker

Encore4x Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-20 11:10

Abstract:Encore4x is a broker. The tradable instruments include crude oil, gold, currencies, and more. The broker also provides three accounts with a maximum leverage of 1:400, including mini, premium, and VIP. The minimum spread is from 0.8 pips and the minimum deposit is $10. Encore4x is still risky due to its unregulated status.

Encore4x Review Summary
Founded2-5 years
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsCrude Oil/Gold/Currencies
Demo Account✅
LeverageUp to 1:400(Mini account)
SpreadFrom 0.8 pips
Trading PlatformMT5
Min Deposit$10
Customer SupportPhone: +44 7452 056695
Email: support@encore4x.com
Live chat

Encore4x Information

  Encore4x is a broker. The tradable instruments include crude oil, gold, currencies, and more. The broker also provides three accounts with a maximum leverage of 1:400, including mini, premium, and VIP. The minimum spread is from 0.8 pips and the minimum deposit is $10. Encore4x is still risky due to its unregulated status.

Encore4x Information

Pros and Cons

Pros Cons
Leverage up to 1:400(Mini)Unregulated
MT5 availableInaccessible official website
Spread from 0.8 pipsUnspecific transfer time and fee information
Demo account available
Various tradable instruments

Is Encore4x Legit?

  Encore4x is not regulated, making it less safe than regulated brokers.

Is Encore4x Legit?
Is Encore4x Legit?

What Can I Trade on Encore4x?

  Encore4x offers various market instruments, including crude oil, gold, currencies, and more.

Tradable Instruments Supported
Crude Oil✔
Gold✔
Currencies✔

Account Type

  Encore4x has three account types: mini, premium, and VIP. Traders who want low spreads and low leverage can choose a VIP account, while those with a small budget can open a mini account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type MiniPremiumVIP
SpreadFrom 1.9 pipsFrom 1.2 pipsFrom 0.8 pips
Minimum Deposit10 USD3000 USD10000 USD & Above
Trade Size0.01 Lot0.01 Lot0.01 Lot
Leverage1:4001:2001:200
Hedging Allowed✔✔✔
Commission000

Encore4x Fees

  The spread is from 0.8 pips, the commission is 0. The lower the spread, the faster the liquidity.

Leverage

  The Mini account's maximum leverage is 1:400meaning that profits and losses are magnified 400 times.

Trading Platform

  Encore4x cooperates with the authoritative MT5 trading platform to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.

Trading PlatformSupported Suitable for
MT5✔Experienced traders
Trading Platform

Deposit and Withdrawal

  The minimum deposit is $10. Encore4x accepts Visa, MasterCard, Skrill, Visa Electron, Neteller, Perfect Money, Bitcoin, and more for deposit and withdrawal. However, the official website is inaccessible, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

  

Related broker

No Regulation
Encore4x
Company name:Encore4x
Score
1.46
Website:https://encore4x.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.46

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