EIGEN FX Forex Broker

Note: EIGEN FX's official website: https://eigeninternational.com/ is currently inaccessible normally.EIGEN FXReview SummaryFounded/Registered Country/RegionChinaRegulationNot regulatedMarket InstrumentsForex, CFDs on stocks, indices, commodities, currencies), OptionsDemo Account/LeverageUp to 1:2000EUR/USD Spread0.2 pipsTrading PlatformMetaTrader 4, MetaTrader 5Min Deposit$100Customer SupportPhone: 658379410Email: enquiry@eigeninternational.comEIGEN 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 ConsPros Cons Various trading assetsNot regulatedMultiple account typesLack of transparencyPopular MT4 and MT5 trading platformsLimited contact channelsIs 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.What Can I Trade on EIGEN FX?Tradable Instruments Supported CFDs✔OPTIONS✔FOREX✔Stocks✔Indices✔Commodities✔Cryptocurrencies❌ETFs❌Account TypeAccount TypeMinimum Deposit STANDARD$100PREMIUM$500VIP$10000Leverage 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 PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, Web and MobileBeginnersMT5✔Experienced tradersDeposit & WithdrawalPayment OptionMinDeposit/ Withdrawal FeeCredit/debit cards$100❌Bank wireTransfers/E-wallets