Encore4x

Note: For some unknown reason, we cannot open Encore4xs official site (https://encore4x.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

Encore4x is allegedly a financial company registered in the United Kingdom that claims to provide its clients with flexible leverage up to 1:400 and floating spreads from 0.8 pips.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, trading platforms, etc.

As for regulation, it has been verified that Encore4x does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.16/10. Please be aware of the risk.

Account Types

Encore4x claims to offer three types of trading accounts, namely Mini, Premium and VIP. The minimum initial deposit amount is only $10 for the Mini account, while the other two account types have much higher minimum initial capital requirements of $3,000 and $10,000 respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Mini account can enjoy the maximum leverage of 1:400, while the Premium and VIP account holders can experience leverage of 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

Encore4x claims that different account types can enjoy different spreads. Specifically, the spread starts from 1.9 pips on the Mini account, from 1.2 pips on the Premium account and from 0.8 pips on the VIP account.

Deposit & Withdrawal

The minimum initial deposit requirement at Encore4x is said to be only $10, and the maximum withdrawal amount is $25. However, the broker says nothing about the acceptable deposit and withdrawal methods.

Bonuses

Encore4x claims to offer a $25 no deposit bonus. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Customer Support

Encore4xs customer support can be reached by telephone: +44 7452 056695, email: support@encore4x.com. Company address: 130 Old Street, London, EC1V 9BD.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.