EmpowerFX Forex Broker keeps up-to-date with the latest trading account information, including Pro , Standard ECN , Var, Mini maximum leverage of --, trading varieties, and more
Rating Index
Pros
Access to the popular MetaTrader 4 trading platform, which offers a range of trading tools and features.
Low minimum deposit requirement starting at $10, making it accessible for beginner traders.
Diverse range of trading instruments, including forex, cryptocurrencies, stocks, indices, and commodities.
Cons
Unregulated status raises significant concerns about the safety of traders' funds and lack of legal recourse.
High commission fees on certain account types, reaching up to $8 per lot, which can reduce profitability.
Withdrawal issues reported by users, including account freezes and unexpected fees, indicating potential difficulties in accessing funds.
EmpowerFX broker Accounts
Pro
Standard ECN
Var
Mini
EmpowerFX Account Type
EmpowerFX offers a variety of account types tailored to meet the diverse needs of traders. The available account types include:
- Standard Account
- Spreads from 0.8 pips
- Commission fee: $7 per lot
- True ECN & STP execution
- 200+ assets to trade
- Pro Account
- Spreads from 0.4 pips
- Commission fee: $8 per lot
- True ECN & STP execution
- 200+ assets to trade
- Var Account
- Spreads from 1.2 pips
- Commission fee: $0 per lot
- True ECN & STP execution
- 200+ assets to trade
- Mini Account
- Spreads from 1.0 pips
- Commission fee: $1 per lot
- True ECN & STP execution
- 29 assets to trade
- Access the Dashboard
- Navigate to the EmpowerFX website and access the dashboard.
- Find the Accounts Section
- Locate the accounts section on the dashboard.
- Create Account Option
- Click on the "Create Account" option.
- Choose Trading Platform and Account Type
- For a real/live account, select "Empower FX Trade Locker ECN."
- Select Currency and Leverage
- Choose the currency and leverage options that align with your trading strategy.
- Receive Login Credentials
- Wait for an email containing your login credentials to access your newly created EmpowerFX TradeLocker account.
Additionally, EmpowerFX provides a risk-free demo account for traders to practice without risking their own money. This account type is ideal for both novice and experienced traders looking to enhance their skills in a realistic trading environment.
EmpowerFX Broker Account Opening Process
Opening an account with EmpowerFX is a straightforward process. Here are the steps to create your EmpowerFX TradeLocker account:
By following these steps, you can successfully open your first real/live account and start trading with EmpowerFX.
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