Encore4x Forex Broker

Encore4x Review SummaryFounded2-5 yearsRegistered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsCrude Oil/Gold/CurrenciesDemo Account✅LeverageUp to 1:400(Mini account)SpreadFrom 0.8 pipsTrading PlatformMT5Min Deposit$10Customer SupportPhone: +44 7452 056695Email: support@encore4x.comLive chatEncore4x Information Encore4x is a broker. The tradable instruments include crude oil, gold, currencies, and more. The broker also provides three accounts with a maximum leverage of 1:400, including mini, premium, and VIP. The minimum spread is from 0.8 pips and the minimum deposit is $10. Encore4x is still risky due to its unregulated status.Pros and ConsPros Cons Leverage up to 1:400(Mini)UnregulatedMT5 availableInaccessible official websiteSpread from 0.8 pipsUnspecific transfer time and fee informationDemo account availableVarious tradable instrumentsIs Encore4x Legit? Encore4x is not regulated, making it less safe than regulated brokers.What Can I Trade on Encore4x? Encore4x offers various market instruments, including crude oil, gold, currencies, and more.Tradable Instruments Supported Crude Oil✔Gold✔Currencies✔Account Type Encore4x has three account types: mini, premium, and VIP. Traders who want low spreads and low leverage can choose a VIP account, while those with a small budget can open a mini account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.Account Type MiniPremiumVIPSpreadFrom 1.9 pipsFrom 1.2 pipsFrom 0.8 pipsMinimum Deposit10 USD3000 USD10000 USD & AboveTrade Size0.01 Lot0.01 Lot0.01 LotLeverage1:4001:2001:200Hedging Allowed✔✔✔Commission000Encore4x Fees The spread is from 0.8 pips, the commission is 0. The lower the spread, the faster the liquidity.Leverage The Mini account's maximum leverage is 1:400meaning that profits and losses are magnified 400 times.Trading Platform Encore4x cooperates with the authoritative MT5 trading platform to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.Trading PlatformSupported Suitable for MT5✔Experienced tradersDeposit and Withdrawal The minimum deposit is $10. Encore4x accepts Visa, MasterCard, Skrill, Visa Electron, Neteller, Perfect Money, Bitcoin, and more for deposit and withdrawal. However, the official website is inaccessible, transfer processing times and associated fees are unknown.