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Encore Capitals Forex Broker keeps up-to-date with the latest trading account information, including Islamic, Elite, ECN, Scalper, Rookie maximum leverage of 1:500, trading varieties, and more
Rating Index
Pros
Low minimum deposit requirement, starting from $10, making it accessible for new traders.
Offers a variety of trading instruments including forex, CFDs, and cryptocurrencies.
Provides access to the advanced MT5 trading platform, which supports automated trading and various trading strategies.
Cons
Unregulated broker with no valid regulatory license, posing significant risks to traders.
Numerous complaints regarding withdrawal issues and potential scams, indicating a lack of trustworthiness.
Lack of transparency in trading costs, spreads, and fees, making it difficult for traders to assess the overall cost of trading.
Encore Capitals broker Accounts
Islamic
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$100
Minimum Spread
1.0-1.5
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Elite
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$10000
Minimum Spread
Raw Spread
Depositing Method
--
Withdrawal Method
--
Minimum position
0.1
Commission
--
Products
--
ECN
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$1000
Minimum Spread
0.5-1.0
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Scalper
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$250
Minimum Spread
0.9-1.5
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Rookie
Environment
--
Currency
--
Maximum Leverage
1:1000
SupportedEA
Minimum Deposit
$10
Minimum Spread
0.9-1.5
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Encore Capitals Account Type
Encore Capitals offers five different types of trading accounts to cater to various trading needs:
- Rookie Account
- Minimum Deposit: $10
- Maximum Leverage: 1:1000
- Minimum Spread: 1 pip
- Commission: None
- Scalper Account
- Minimum Deposit: $250
- Maximum Leverage: 1:500
- Minimum Spread: 1 pip
- Commission: None
- ECN Account
- Minimum Deposit: $1,000
- Maximum Leverage: 1:500
- Minimum Spread: 0 pips (raw spread)
- Commission: None
- Elite Account
- Minimum Deposit: $10,000
- Maximum Leverage: 1:200
- Minimum Spread: 0 pips
- Commission: None
- Islamic Account
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Minimum Spread: 1 pip
- Commission: None
- Visit the Website: Go to the Encore Capitals website.
- Click on "Open Live Account": Locate and click the “Open Live Account” link.
- Fill in Required Details: Complete the form with necessary personal information.
- Upload Verification Documents: Provide personal identification documents for verification (e.g., passport).
- Choose Payment Method: Select your preferred payment method to fund your trading account.
- Start Trading: Once your account is verified and funded, you can begin trading.
These accounts provide flexibility for both retail and professional traders, allowing them to choose according to their trading strategies and capital.
Encore Capitals Broker Account Opening Process
Opening an account with Encore Capitals is a straightforward process that involves the following steps:
This simple process allows traders to quickly access the trading platform and start their trading journey.
Encore Capitals Similar Broker Accounts
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Encore Capitals accounts can be viewed for products that can be traded -- accounts with a minimum deposit of $100 by (2+) --.