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Exceeded
Score
1.78 /10
Danger
ENFOGEN LIMITED
Within 1 yearRegulated in United Kingdom
Common Business Registration
Suspicious Overrun
Medium potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index1.25
Business Index3.34
Risk Management Index0.00
Software Index4.00
License Index1.25
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-29
- This broker exceeds the business scope regulated by United Kingdom FCA(license number: 09216179)Common Business Registration Non-Forex License. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
ENFOGEN LIMITED Information
ENFOGEN LIMITED, a regulated broker registered in England. The broker positions itself as a global provider of financial products trading services, offering financial trading products to individual and institutional clients. The broker is currently regulated by the FCA and holds a Common Business Registration type licence with number 09216179. However, it does not support the use of the popular platform MT4/5, and traders can decide for themselves.
Pros and Cons
| Pros | Cons |
| Regulated | No account information |
| Multiple types of trading products | MT4/5 is not supported |
Is ENFOGEN LIMITED Legit?
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License No. |
 | FCA | ENFOGEN LIMITED | Common Business Registration | 09216179 |
What Can I Trade on ENFOGEN LIMITED?
ENFOGEN LIMITED offers mainstream international investment products, including foreign exchange, precious metals, energy and major global indices. Specifically, it includes dozens of major forex currency pairs, including EUR/USD, USD/CAD, GBP/USD, USD/JPY, etc. It also offers trading of precious metals: gold (XAUUSD), silver (XAGUSD).
In addition, ENFOGEN LIMITED offers US crude oil (USOIL) trading. Indices trading includes Nikkei index(N225), German Index (GER30), S&P 500 Index (US500). It also offers dozens of major digital currency pairs, including Bitcoin (BTC/USD), Ether (ETH/USD), Ripple(XRP/USD), and others.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals | ✔ |
| Crude oil | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| ETF | ❌ |
ENFOGEN LIMITED Fees
ENFOGEN LIMITED Spreads
ENFOGEN LIMITED says it offers floating spreads as low as 1pips. The exact spread was not made public by the broker.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| ST5 | ✔ | Desktop, Mobile | Beginner |
| MT4 | ❌ | ||
| MT5 | ❌ |
Customer Service
ENFOGEN LIMITED supports 24/7 customer service, which traders can consult anytime, anywhere. In addition, traders can contact the broker by email or find them at a physical address.
| Contact Options | Details |
| support@efghmarkets.com | |
| Online Chat | 24/7 |
| Website Language | English |
| Physical Address | 06 Balbina Way, Fairfields, Milton Keynes, Buckinghamshire, England, MK11 4BN |
The Bottom Line
ENFOGEN LIMITED is a regulated brokerage that offers traders a wide range of trading products including Forex, precious metals, crude oil, etc. However, in the information disclosure and platform configuration, it does not provide you with information about the account, and does not support the use of MT4/5. Please evaluate this broker and carefully compare the choices.
FAQs
Is ENFOGEN LIMITED safe?
Yes, it's safe. ENFOGEN LIMITED is currently regulated by the FCA.
Is ENFOGEN LIMITED good for beginners?
No, it is not suitable for beginners in some ways. The broker does not disclose some important information, which cannot enable beginners to form a complete understanding of the brokerage in order to make a correct choice.
Is ENFOGEN LIMITED good for day trading?
No, it is not suitable for day trading. ENFOGEN LIMITED does not support the MT4/5 trading platform, which constitutes a certain trading barrier. In addition, ENFOGEN LIMITED does not provide details about the type of account and trading demand is difficult to assess.
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