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EIGEN FX Information Revealed

WikiFX | 2024-10-15 18:13

Abstract:EIGEN FX offers a variety of trading instruments, including Forex, CFDs, and options. While the main website does not contain detailed information, caution is advised as a result of the absence of regulatory oversight.

Note: EIGEN FX's official website: https://eigeninternational.com/ is currently inaccessible normally.

EIGEN FXReview Summary
Founded/
Registered Country/RegionChina
RegulationNot regulated
Market InstrumentsForex, CFDs on stocks, indices, commodities, currencies), Options
Demo Account/
LeverageUp to 1:2000
EUR/USD Spread0.2 pips
Trading PlatformMetaTrader 4, MetaTrader 5
Min Deposit$100
Customer SupportPhone: 658379410
Email: enquiry@eigeninternational.com

EIGEN FX Review

EIGEN FX offers a variety of trading instruments, including Forex, CFDs, and options. While the main website does not contain detailed information, caution is advised as a result of the absence of regulatory oversight. EIGEN FX provides different account types, including Standard, Premium, and VIP Accounts. EUR/USD has a spread of about 0.2 pips, and trading indices are relatively inexpensive. For deposits and withdrawals, credit/debit cards, bank wire transfers, and e-wallets are accepted; a $100 minimum requirement applies. Trading platforms used by the broker include MetaTrader 4 and MetaTrader 5.

Pros and Cons

Pros Cons
Various trading assetsNot regulated
Multiple account typesLack of transparency
Popular MT4 and MT5 trading platformsLimited contact channels

Is EIGEN FX Legit?

The regulatory status of EIGEN FX has been confirmed as lacking proper oversight. The absence of valid regulations necessitates caution. This broker carries potential risks.

No license

What Can I Trade on EIGEN FX?

Tradable Instruments Supported
CFDs✔
OPTIONS✔
FOREX✔
Stocks✔
Indices✔
Commodities✔
Cryptocurrencies❌
ETFs❌

Account Type

Account TypeMinimum Deposit
STANDARD$100
PREMIUM$500
VIP$10000

Leverage

EIGEN FX provides flexible leverage ratios - up to 1:500 for the Standard account, 1:1000 for the Premium account, and 1:2000 for the VIP account. High leverage always comes with high returns and high risks. Traders should be cautious when trading.

Spreads & Commissions

EIGEN FX offers spreads on a wide range of trading instruments. For example, the spread on EUR/USD is typically around 0.2 pips.

There is no commission on most trading instruments, but there is a small commission of $10 per lot for trading indices.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Desktop, Web and MobileBeginners
MT5✔Experienced traders

Deposit & Withdrawal

Payment OptionMinDeposit/ Withdrawal Fee
Credit/debit cards$100❌
Bank wire
Transfers/
E-wallets
LeverageBrokerDealer

Related broker

No Regulation
EIGEN FX
Company name:EIGEN FX
Score
1.53
Website:https://eigeninternational.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.53

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