Encore4x
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 | |
| Founded | 2-5 years |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Crude Oil/Gold/Currencies |
| Demo Account | ✅ |
| Leverage | Up to 1:400(Mini account) |
| Spread | From 0.8 pips |
| Trading Platform | MT5 |
| Min Deposit | $10 |
| Customer Support | Phone: +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.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400(Mini) | Unregulated |
| MT5 available | Inaccessible official website |
| Spread from 0.8 pips | Unspecific 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.
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 | Mini | Premium | VIP |
| Spread | From 1.9 pips | From 1.2 pips | From 0.8 pips |
| Minimum Deposit | 10 USD | 3000 USD | 10000 USD & Above |
| Trade Size | 0.01 Lot | 0.01 Lot | 0.01 Lot |
| Leverage | 1:400 | 1:200 | 1:200 |
| Hedging Allowed | ✔ | ✔ | ✔ |
| Commission | 0 | 0 | 0 |
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 Platform | Supported | Suitable for |
| MT5 | ✔ | Experienced traders |
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.
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